The future of Crypto Casinos

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Last post made 3 months ago by Alexis Gold
bry60195
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  • bry60195
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  • I recently tried to withdraw at Bitstarz and I have done many times. Now they are doing the whole KYC verification. Here is why Crypto Casinos have been trying to follow the rules:

    <link removed>

  • Are you sure that a removed link is the main reason they have? And how can one single link decide about the whole future of the casinos? This is crazy!

  • You had bad experience with some crypto-casino and now question the future of all industry. There are many legit blockchain based gambling platforms now. Just make a better research, read reviews and forum's relevant branches. I can recommend Fairspin - 1 year of gambling there and zero trouble with withdrawal. 

  • We are still in phase of crypto where people are converting crypto into FIAT to determinate value, crypto aint used wide enough yet, but at some point it will be near that, will never be fully as FIAT but will reach point where people will be able to use crypto as payment anywhere, eventually they will get paid in digital currency (CBDC). Eventually Web3 casinos gonna shift that way too, but part which nobody is considering is sort of revamp of Web3 sports betting. Will just say, Why betting against house? Some stuff could be easily changed to keep costumers trusted, have no license and afterall to always keep fair odds for both sides. I have something on my mind, will probably meet developer for smart contracts soon. Anyway whole my point is that there is still alot of space to contribuate in whole Web3 casino/gambling space and as space is shifting with volumen and ammount, eventually everyone will do some steps forward in order to improve.

  • Crypto casinos are the future. Soon all fiat ones will die. Honest opinion.

  • If they're going for regulatory compliance, and most will have to soon enough if they want a reputable presence in the industry, then they have to implement some sort of verification procedure, crypto or not - it's unavoidable. Not to mention that crypto regulations are likely to start happening worldwide, as well as broader iGaming regulations. 

    I think it's definitely worth discussing how the potential crypto and online gambling regulations carry implications for crypto casinos. Things will change, that's for sure. 

     

  • I'd just like someone to come along and mention a couple, truly anonymous, no KYC, purely crypto and reputable casinos. 
     

    I'm tired of reading reviews.... 😩

  • CryptoRay313 wrote:

    I'd just like someone to come along and mention a couple, truly anonymous, no KYC, purely crypto and reputable casinos. 
     

    I'm tired of reading reviews.... 😩

    We have this page with No-KYC casinos, there are only a few and it's hard to say if they are truly anonymous, but you might find it helpful: No KYC Casinos 

  • It's great to hear that you've had positive experiences with Bitstarz in the past. KYC verification is becoming more common in the crypto casino industry as regulations tighten, and it's good to see that Bitstarz is taking steps to comply with these rules.

  • Here's an interesting article which explains the most recent changes regarding ID verification and crypto transactions: 

    https://lcb.org/news/eu-reinforces-aml-protocols-by-banning-unidentified-crypto-transactions

     

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