Casinos and bitcoin

cpdnd31

Ueber Meister
webmeister
CAG
Joined
Mar 23, 2009
Location
where the taxes are the highest
I don't know if its just US players or if bitcoin is popular all over the world for online gambling. But with the explosion of bitcoin do you see a future of casinos letting USA play all software now that everything is vurtual. I have been playing new software as well as my regular rtg. Intertops and casino extreme take and pay in BC.

I am enjoying my play once again knowing that if I hit my withdrawal is just about instant. I havent felt safe playing in years. There were so many worries about checks bouncing and transfers and cc crap. The last 6 months have been most enjoyable.

I like some of the new software that some of the BC casinos offer but I have to say I am still wanting my microgaming and Wms. Now some will say just use a vpn however I dont like the thought of doing that and then if I do hit big the casino has a reason not to pay. I want legit let me play the games I use to play.

I am hoping now since its a virtual currency that some of the software and casino companies will see the benifit of letting us all play.

I remember a time when BC was so hard to use everyone was like how the hell do we do this. but it has become user friendly and a great solution to the banking issues most have. The only drawback I see is the fact the price can go up and down. But from what I understand most casinos charge a slight fee to cover that.

Just wondering if anyone else feels like me and curious on your thoughts.
 
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interlog

Meister Member
webmeister
PABnonaccred
MM
Joined
Mar 29, 2015
Location
London
I never trusted Bitcoin and will continue to distrust it.

Give me notes and coins anytime backed up by a stable Government / banks rather than some number on the screen and no recourse for comeback if those numbers suddenly disappear.
 
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Valhalla

The Professional
Joined
Jan 17, 2014
Location
Northern Ireland
I'm one of the many people around who haven't the first clue how it works. Mercifully, I'm UK-based so have no need for it :D

I do, however, see the benefit if it allows our US-based friends play online again. But I would worry for you guys too.
 

weesie

Ueber Meister
Joined
Aug 26, 2010
Location
Old bag lady with a laptop
Hi,

I had a second btc withdrawal from Intertops this past Friday.

I did request Friday evening. 04/07/2017

I received the funds today. (Wednesday)04/12/2017

It has never been "instant" but I can live with it this way.
 

Vibroverb

Full Member
Joined
Apr 13, 2017
Location
Europe
It's still too new for most global online casinos, so I don't think a lot of players are considering it yet, and most still don't know how it works. Online Casinos jump on any new possibility so they've added it to their deposit methods but I don't think most of these casinos know what to do with it and how they want to market it to the players, which is why it stays largely unknown still.

But I guess it's good for USA players since it means they can deposit and play....I haven't had a need to deposit using btc so I have no experience with it, but I certainly wish I had bought some bitcoins back when it was much cheaper
 

sirius

Registered
Joined
Apr 15, 2000
Location
UK
Bitcoin casino questions

I'm wondering how popular bitcoin gaming is? What are the legalities for it in different countries? I think in UK it is totally unregulated at the moment so I don't think a license would be needed as long as nothing is exchanged for the bitcoins that have any value. Does anyone know anything more about these issues? Bitcoin use is becoming more widespread with lots of ATMs in London and the price is currently rocketing, so there will be more interest than before in these things.

(BTW am I the oldest poster here as apparently I joined 17 years ago :p )
 

sirius

Registered
Joined
Apr 15, 2000
Location
UK
Bitcoin seems to be on an upward trend (it may go lower but will probably go back up again)

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It's at its highest point ever now (10% up today)
 

shewoff

Senior Member
webby
mm1
Joined
May 13, 2015
Location
northeast
You are correct in saying that BTC is not regulated YET! But as a BTC user and and investor I believe that in the near future BTC will rise to world use and be more popular than other wallet's and method's of online gaming.
I say this because (1) They are very quick to say that we are still in the design phase.But soon!
(2) They are bound by the tax law's in the countries they operate in.This add's a legit level to the operation.
(3) You may never need to carry anything but your BTC acct.# to access your fund's.

I don't know about other's but this is very desirable to me as a player. I know that my deposit and withdrawal will go to my BTC acct.I have looked into the loss and recovery aspect of it and it is actually very small when all is considered.Like about 1% if the number's are correct.
That is not bad when you are talking about over a billion dollar's being handled this year alone.And the ATM aspect is getting more and more popular in the big metropolitan area's.

For the moment BTC is a great alternative to CC and bank depositing.If you play alot then just keep a fair amount in your acct. to play with. Yes you may take a hit for some of it. But it always goes back up and even now it is HUGE! I wish I had waited to cash out my monies. But I will invest again and most probably come out ahead again.

BTC is the future of speculation in the money industry and to get in on the ground floor is most desirable.But ultimately to be active or be a bystander is still in all of our hand's.I for one will be active and if I take a loss it is my fault alone. Because after all we as gambler's are always willing to take a risk.Peace Out! Out Of The Mist! shewoff
 

gsx600

Senior Member
Joined
Jun 12, 2009
Location
vermont
I wish the use of bitcoin would allow us access to all the games again. I see the posts from other players of MG games, which I loved the variety before they pulled out

of USA. Also the games everyone gets to play that I love at the land casinos. So jealous...I would probably play Prowling Panther like crazy. Now that i think of it, it

might break me lol. I logged onto my bitcoin account today and couldn't believe how high it has gone.
 

shewoff

Senior Member
webby
mm1
Joined
May 13, 2015
Location
northeast
Good One,dunover.:clap::yahoo::lolsign::lolsign::lolsign::notworthy:notworthy:thumbsup: Peace Out! Out Of The Mist! shewoff
 

Jayman24

Full Member
Joined
Mar 30, 2004
Location
Wisconsin
I've been using bitcoin for a while now. I think the biggest drawback is the amount of fees these sites charge. Fee's to load money on, fee's to send money, fees to cashout. Kinda crazy. I had a 3k win, I had to pay something like 170 dollars in fees to transfer it to my paypal account because it wouldn't work to set up my bank account. Still trying to see if that works, would wonder if the fees are less for that.
 
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