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    Bitcoins for Online Casino

    blackmamba88

    By blackmamba88
    in Online Slot Discussions

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    ValDes Premium Member

    ValDes

    Posted
    Posted

    Hi and welcome to the AskGamblers forum! :)

     

    Well, I was quite curious about the Bitcoin's concept and had a look over it several months ago. Unfortunately, didn't find a single reputable online operator using that payment method and my interest ended at that point. On top of it, few weeks ago I read their boss was arrested or something... ;)

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    JulianP Newbie Gambler

    JulianP

    Posted
    Posted (edited)

    I heard Bitcoins is under fire because of its recent association with the Silk Road drug trafficking website. Although, I don't think Bitcoins had any official affiliation, people were paying for the transactions using this payment method.

    Edited by ValDes
    External links removed!
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    Luciana Premium Member

    Luciana

    Posted
    Posted

    I think so because most of the casinos do not accept this payment method.They just prefer cash , and i  think this will never change

     

    Hmm, you just explained the current situation, but didn't explain why won't some casinos implement it in the future! Bitcoins seem to have some advantages which might suit to gamblers, as no fees or low fees (remember how high are the fees at some casinos), privacy, high speed... Maybe it's not so bad idea? :)

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    ValDes Premium Member

    ValDes

    Posted
    Posted

    The current situation with BitCoin is quite simple, I would say. As soon as some of the big names in the industry announces that BitCoin is accepted in their casino then it really means BitCoin is safe to use.  :D  Not even a single decent casino would afford to add them as a payment method without putting the whole company behind BT on a thorough and careful check...probably double and triple check! ;) 

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    bohemasoso Newbie Gambler

    bohemasoso

    Posted
    Posted

    The current situation with BitCoin is quite simple, I would say. As soon as some of the big names in the industry announces that BitCoin is accepted in their casino then it really means BitCoin is safe to use.  :D  Not even a single decent casino would afford to add them as a payment method without putting the whole company behind BT on a thorough and careful check...probably double and triple check! ;)

    I would not say it better! BitCoin has its advantages but in the casino industry is hardly applicable, I think most traders (because casinos are traders) are worried that this is just another financial bubble that will burst. ;)

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    ValDes Premium Member

    ValDes

    Posted
    Posted

    I’m an online bitcoin casino player, and so far my experience with bitcoin gambling is so good than in a regular online casino. However, I haven’t tried it with live casino. But I’m pretty sure it would be the same thing as well.

     

    Good luck mate!  :good:

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