Bitcoin Forum

Fiat betting was once the order of the day making online betting difficult to play mostly for international gamblers that have no access to international money transfer services like money gramme, PayPal, Wester Union and so many more. Online gambling was mostly difficult then but now. The regime of Bitcoin has made online transactions easier for everyone.

Gone are those days where you will have to queue in a betting shop to play bets(sport bet mostly)
Gone are those days where online betting is limited.
Gone are those days where there are few betting sites available for bet enthusiasts.
Gone are those days when gambling is for the rich.
Gone are those days where international sport betting transactions are stressful.
Gone are those days when people are afriad to buy Bitcoin.

Now we have some many altcoins that can be use to play bets online. We are gradually walking into the blockchain era. God bless Satoshi Nakamoto.

What advantage does the crypto betting has over Fait betting?

Crypto betting does provide a lot of advantages.
1. It's more private
2. It have more options
3. It's more varied and more games are available on the sites, more colourful as well.
4. The online betting is more successful while integrated with the crypto, online fiat betting is not that interesting for people ( very good for quarantine )
5. You can also bet internationally easier than betting with fiat hands down.
There are many more things as well, for me I prefer betting with cryptocurrencies since fiat doesn't come with much options.

I'm not sure what point you're trying to prove really but it seems like either your country has made fiat gambling illegal (in which case cryptocurrency betting would be off limits to you technically anyway) or you are blissfully  unaware of the hundreds of online fiat betting sites out there. In my country local currency betting has been online long before Bitcoin ever existed and the games are probably much the same as you see these days. There's obviously been upgrades in graphics, variety and convenience has improved - but it's been going for decades now. I think you are stuck in the mindset that only cryptocurrency or real world casinos exist when this has never been the case.

The answer is obvious which is...

1. Anonymous or simply doesn't need any KYC or verification
2. Accessibility
3. Cheap fees
4. Wide variety of offered lines
5. Big wins doesn't need any verification

With these main points mentioned.Im aint surprised that people/gamblers
are really hooked into this one.

aside from the above-mentioned advantages, what i do like about crypto betting is that you can bet small without a problem, even $1 a lot of bookies are already accepting this amount of bet, if you just want an interesting time while watching the game, and not really serious about how much you can get afterwards.
and definitely, the convenience of placing bets at the comfort of your home is a very good advantage these days because of the pandemic. i guess, that's one major reason why we are seeing a lot of new crypto bookie these days. they are finding out that a lot of sportsbettors are going into crypto online betting with the stated benefits.

Well... we have several advantages and examples of crypto betting have already been discussed!!
What @rhomelmabini and @fiulpro said was a great examples.

I believe the best advantages are privacy, the wide range of betting options, it is very easy and convenient to play and I can also play on my smartphone.

Is it really necessary to discuss the advantages of crypto betting over fiat betting? For what? Encouragement?

Remember not all gamblers are crypto-oriented and simply just don't want to crypto. It will be biased if we will just push our own preferences to them. As long as gamblers are enjoying advantages at either fiat or crypto betting, that's what matters.

Choose what you preferred, simple as that.

It should be obvious that before, it's hard for the majority to play online because of few methods and lack of convenience compared to today. The technology of course becomes better while its progress.

Online betting is not always crypto betting. Fiat betting nowadays is also convenient to most people where deposits and withdrawals are instant and quick. The same goes for the advantages we are experiencing in crypto betting.

About privacy, it should also be obvious that any fiat-related transaction, especially if the bank account was linked thru a gambling site, it requires KYC. It was already common in fiat betting. In crypto, it should be not but let's accept the fact that maybe someday, a hard regulation might also reach the crypto-gambling site and KYC might be imposed. But for sure, it will only ask depending on the account status like big withdrawals, etc.

I believe not encouragement but the OP maybe is just happy to share the advantages that he found when he used the crypto betting method. Honestly, I haven't placed bet in fiat method and when I became oriented with crypto sportsbooks here, I found it very convenient for me and just place small bets on the sports that I am really interested with. But I do agree a lot of these sportsbettors are still fiat-based, but give it a time and a lot of them will be converted to this type of betting as they will discover about the perks brought by crypto betting.

The main advantage is that you don't need middlemen payment services like the ones you mentioned in OP which are well known for charging abusive fees due to regulations imposed by some countries. So you can gamble for longer at crypto casinos with less or the same amount of money you would need to gamble at a fiat casino for less time (and also because the bet size is more customizable at crypto casinos).

Moreover giveaways, promotions and benefits in general tend to be more generous at crypto casinos, what puts them ahead when comparing gambling sites on this aspect.

@Fortify: I have no dispute here. I am concerned about how Crypto betting is dominating every corners in the line of easy betting. No stress. Easy to play on international sites without stress of withdrawal/deposit.

@gagux123: privacy is an important part in crypto betting.

@tippytoes: The world is moving into crypto. Very soon crypto betting will dominate. Thanks

@harizen: The government may later come after crypto betting with kyc but I know there will be some platforms that will need no kyc. Government are stubborn but with time, crypto will be everywhere.

@goinmerry: With time gamblers that doesn't like crypto betting will like it. Everything will be better with time.

Note: I am not a crypto entusiatist so don't think I may be forcing things on you. My perception only. Thanks.

You can bet for any game that you want as long as it's on the book that you're betting in. Very convenient, fast and you don't have to pay that much fee for the transfer. Despite some altcoins have quite high fees lately, still, they're bearable and tolerable.

You send your own money and don't have to go through a third party that will take a cut of your deposit. We don't like that and everyone is starting to learn more about this innovation including the no coiners.

You didn't get his point obviously : cryptocurrencies are incensurable bro. So even if his government wants to prohibit him from betting, or to put high taxes on gambling. Bushdark doesn't care. He can use an offshore crypto casino or sportsbook to bet as much as he wants without worrying about his authorities.

Well, I still think it's valid for us to discuss these kinds of things. Of course, many things are obvious, others are not.

With the popularization of crypto, many people are migrating from gambling in FIAT to crypto (of course not all, but we have a significant portion).
Another point that I think is valid, not all people like crytpo gambling, they may prefer gambling in fiat, because of the convenience and because they already know how everything works.
There may be people who are afraid to use crypto gambling and it is at this time that I find it interesting to explain and publicize the positive and negative points of crypto gambling.

I used to gamble on very few websites which allowed me to deposit fiat but with hefty fees (as I belong to India) and I was required to pay those high fees to gamble. But nowadays, those fees in fiat are also slashed down very much due to crypto being the second major option as funding in gambling.

And not just that, even crypto gambling websites allow me to deposit via fiat directly without any fees and I get to see the funds in my account almost instantly. Crypto has changed the look of gambling industry in an immense way.

@gagux123: Many may be afraid, why? They lack knowledge that is why they think Fiat is the best. Have a taste of another food and speak the best. If you want to publicize about crypto, enlighten me too. Learning continues.

 @Saint-loup: Lolzzzz I don't care if the government choose to tax us more. What happens to the tough? ...keep going!

there is another big advantage of cryptocurrencies which would be:

when a person bets 0.001 BTC and the bitcoin exchange is at $30,000, then the person wins a bet and have 0.002 BTC and after a few months the price rises to $60,000 the person manages to make a profit with a bet and still profit with bitcoin increase, this in my opinion Is fantastic

I agree with everything you wrote and I also think that gambling is one of the industries that have developed the most thanks to Blokchain.
In my opinion, the most important thing Blokchein gives gambling is the ability to play fair and check every draw.
The second most important thing is simply anonymity.

It's expected and the fact there are gambling sites already that imposed a mandatory KYC. Game license providers are the ones being pressured.

Everyone should be ready for that. It's just unfortunate that we might not soon experience the very first reason why we choose crypto-betting. But today, just enjoy the privilege and perks we are experiencing playing in our favorite crypto-gambling sites.

One of the benefits that you could get is that on the time you do make out some gambling here on crypto at the same time those money/coins you had accumulated could possibly able to increase up
even more if you do tend to hold then the more profits you could get aside from gambling but well it isnt really that ideal to combine or collide up gambling activity into investment because
this is something different and people wouldnt really be minding that area if they are playing on or with gambling. Crypto is much preferable because of anonymity
and the easiness of accessing those sites.

@Stedsm: Fiat betting sites are suffocating now. Many gamblers have left Fiat betting site to avoid big fee that is charged mostly when there is no competition. Crypto is changing the gambling world making it easier and better for you and myself.

@ Slow death: Everything in crypto is advantage. You are betting and at the same time holding. If the market spike, you win more. If market falls, you lose little and bet more to win big if your luck shines. Summary, crypto is king while Fiat is queen.

All the points mentioned in the opening post was prevailing years and years back. This has seen gradual transition with time. Initially more gambling houses got licensed. This made the long queue shortened. Later the bookies gave more easier access. Later the online payment service made the gambling more efficient. People expected even better access and the cryptocurrency betting evolved. This is a long time process and this won't get stopped. The transition keeps on in different forms.

Despite the pressure of the authorities to have everyone pass KYC verification, I think there will always be an anonymous casino on the market that will not require verification. Governments will probably want to eliminate anonymity from cryptocurrencies completely, but I don't think it will ever be 100% possible.
Certainly, anonymity is the advantage that sped up crypto gambling the most.

@Naficopa: Anonymosity makes crypto betting interesting. Increases the vibe to bet more.

@harizen: If you have a gambling site, will you allow kyc? Those that make kyc mandatory are not yet in the game. Main aim of Bitcoin is anonymous identity so why kyc. Government are coming. They want to control crypto same way they control Fiat. Pilot your ship and ignore them like a pot hole.

@Vaskiy: All points mentioned? We are walking to the promised Land.

I'm with bitcoin, I'm with crypto betting but it's more convenient to make deposits on fiat gambling sites and all need is 1 click. Fees are also cheap compared to paying with crypto. Maybe it will be solved if some gambling sites will cover most coins like the popular ones are doing currently.

The only advantages of crypto are anonymity and privacy and that's what most gamblers want. But in terms of online transactions, crypto is still far from taking over the fiat payment transactions in terms of convenience.

Why asked that question for me? In the first place, it's not what I mean to my subject.

First of all, gambling sites within the crypto world "should not" have KYC terms. I'm vocal about that since then and in case my preferred gambling sites ask for mandatory KYC, I will not use them anymore. I mentioned that several times before.

And for your question why the government is coming is because people themselves are seeking help from the government in case of a money-laundering regarding their crypto-transactions. A good example is the crypto exchange. Before, most exchanges don't have a forced KYC for their users but today, almost all crypto-exchanges do have that mandatory requirement. Some gambling sites are now also asking for KYC if their account got flagged or having a big win. With that cases, we can't expect that we can still feel the full privacy and anonymity using crypto-gambling platforms.

I don't know exactly what you mean, but for me, anonymity is more like tax avoidance. But you are right, it also allows us to bet more.  ;)


We as players can ignore this until we have a choice and there are casinos on the market that do not require KYC verification.
Governments, however, will be pressing more and more, and if the casino wants to keep its license sooner or later it will have to make verification.
Probably the only option for us will be casinos that will work without a license, but then we will also have to take into account the risk of being scammed.

@harizen: The question is general not direct to you. Remember that the aim of crypto is for fast and anonymous transactions but scammers and money mongers turn the plat to satisfy themselves trashing the objective. Life has to be balance.
 
Note: if the number of positive charges is not equal to negative charges then the objective is half filling. Bad eggs are everywhere. Why government makes law that affect everybody? So everyone suffers. Who cares

I don't understand why you are actively promoting one of the biggest crypto casino and sportsbook, if you don't like crypto gambling and don't see how it's better than fiat one. This gambling platform is fully committed to crypto gambling and doesn't even offer to bet with stable coins, then members of its community are mostly crypto fans. Moreover fiat gambling operators don't need publicity they are already everywhere on internet and in real life.

I would say - nothing dramatic. I don't know where you are from but I can definitely say that it wasn't hard for anyone to gamble online. Well, at least in my country it was as easy as ABC and the casinos were putting all the efforts to make gambling available for everyone and it was very easy to make deposites in casinos. You could pay with almost any card, you could fill any casino account with any local Payment Kiosks. These casinos even created their own anonymous cards for gamblers and people are able to withdraw money on that card and pay at grocery stores, withdraw from ATM without fees, etc. My country is really heaven for gamblers.
The only benefit that crypto bought into gambling is some very unique games like Dice, Bustabit, the possibility to bet 1 satoshi that's equal of 0.0001 USD and even lower, depends on the price of bitcoin.
Also, another advantage can be the reward system that freebitco has with their supported FUN token.

@shield132: you know cypto betting has more games than fiat for easy maneuver. Some crypt betting site does not have a limit of deposit. It makes you gamble to your satisfaction while Fiat betting is always on watch. There are more to crypto betting if not, read through.

@Naficopa: tax avoidance is not in my book. Anonymous can be in any form. I know many betting site that slightly encourage slight kyc like phone number. Sooner kyc may be knocking on our doors. Who knows what can happen next.

I didn't mean to encourage tax avoidance, but I think anonymity can be encouraging for many people.
Certainly, introducing verification in small steps will be practiced. Bookmakers realize that by introducing a verification order overnight, especially in crypto, they will lose a very large proportion of their users, if not the majority.

Do you have a proof for this or any related article or news that many gamblers left fiat betting? During the pandemic, players gambling online increases their numbers, especially in the European region. It was mentioned several times on the news.

It's impossible for me to think that majority of them are crypto gamblers.

I don't know where you are living and if things are still going like that in your country(you speak in the past tense) but in most of countries gambling is a highly regulated activity when it is allowed. Moreover usually banks don't like gamblers because they can quickly lose high amounts of money and taking out loans they can't pay back, then you can get into trouble with your bank if you spend big amounts of money into known casinos.

Isn't it the other way around? Banks like those users who are spending much for them to take loans?

Beforehand, banks do have a character identity process and if that person is capable of taking loans. If that person approved, banks can now take collaterals just in case that person doesn't have the ability to pay in the future.

They will have the advantage of those users that will ask for loans. Only for those who are qualified.

Because of the presence of crypto, it has been proven that gambling sites are even more popular, and the gambling world can also affect price movements because there are definitely some people who buy crypto just to gamble, this is easier and less complicated than betting with fiat on certain online gambling sites.
Crypto gambling is like a complement, of course it can be used as a spare time filler as entertainment.
Over time, later betting with fiat will be considered ancient and left behind.

People will think about hiding their activity while playing gambling and will see crypto can be their solution to gamble anonymously.
So that will make them like to use crypto to gamble as crypto offers easiness to just playing gambling.
They will know the other benefits of using crypto furthermore as they see that crypto can be their new investment in the digital currency.
Playing gambling is entertainment, whether they use fiat or crypto, so they will be considered using crypto to make money or just to gamble.

That's right, that's one of the advantages if we use crypto it has two advantages. the profit if we win in gambling and also the profit will be doubled if there is an increase in the crypto coins we use and it is real, and when that happens I will immediately transfer it to my wallet.
Another advantage of using cryptocurrencies is that there is no exchange of sensitive information and no possibility of our personal data being hacked and moreover anonymity, and having a lot of choices in games and other advantages.
actually use crypto or fiat out of habit and also there are still many people who don't know the advantages and disadvantages of using crypto, and who use crypto to bet only those who understand.

As much as I like how crypto betting is getting popular since it offers convenience I still think fiat betting will continue to thrive because some of the biggest fiat sportsbooks like bet365 are still miles ahead over crypto sportsbooks. One neat advantage of crypto casinos is the processing speed of the transactions, there are a couple of casinos that credits the deposits and withdraws instantly. Also another advantage is probably the bankroll investments, not all casinos are willing to share a portion of their profits but there are some owners who'll use it as a way to keep their players interested.

The truth is, I believe that betting with crypto is much better because there are many ways to be anonymous, currently the platforms are demanding a lot of KYC, which can be equated with the requirements of FIAT money, which always require being registered and having certain identification, currently it is a prerequisite for some platforms. When we make bets with crypto it is simpler, they can be made at any time of the day and the ease is that it can be done in any cryptocurrency that the platform accepts, this guarantees the low fee required.

Of course the advantage that while we are betting the opportunity of increasing the value of the coins we are using may increase ,
Imagine Having 1k worth of Crypto now and using for betting and then the value of that coin increases as we play to double then how much we can withdraw?
while on Fiat the amount we use and hold will be the same while we progress in playing no matter how much the price of cryptocurrency moves.

We could really see how Bitcoin made our lives more convenient and we're now able to enjoy gambling more because we're able to play through cryptocurrency anytime and anywhere. Our lives really became easier because of blockchain technology but we can't deny the fact that fiat is still needed for us to encash whenever we need funds for our necessities.

Paypal isn't gambling friendly,but other fiat payment providers like Skrill are being accepted by many casinos.I've seen multiple online casinos,slots websites and sports betting platforms to accept Skrill as a deposit/withdrawal option.
Anyway,cryptocurrencies made gambling more anonymous and more convenient,but the online gambling industry was convenient enough before the rise of crypto.


Dude,are you talking about the 90s or early 00s? ;D
I don't really think that there was a time,when gambling was "only for the rich".
Actually 99% of the gamblers were always poor and middle class people.
Online gambling is way more convenient than offline gambling,but it's still heavily regulated in most countries.
Thank God we have some offshore islands like Curacao,providing the casino owners with affordable gambling licenses. ;D

That's happen only if the gambler hold his bitcoin, if he exchange it to fiat immediately after the win means that the price change is not an advantage. Assuming that the gambler hold his bitcoin hold the bitcoin after the win, it can be both disadvantage and advantage depending on the price movement. It will be an advantage if the price rises but it will be disadvantage if the price falls down.

There is definitely an advantage, be it in terms of betting or something else.

Fiat and crypto have their own advantages in betting online or physically, where if we bet with crypto we don't have to have more $1-10 we can already place bets anywhere on behalf of online gambling sites, that's the advantage of crypto in my opinion.

As for fiat, as you said we have to queue first to wait for bettors to come out or lose, besides bets with fiat can't place a $1 bet at least we have to have a supply of money for a $20 bet one time, it's low class, it's a different story in high end bets with $20 money if you bet, at a classy table, surely other bettors will laugh at us.

What is certain is that online betting using crypto is more profitable and superior today, with the technology that exists today.

Excluding the fact that it's online which makes betting less of a hassle (and at your own comfort), crypto in gambling pretty much improved the transparency of casinos towards their results and also allows anonymity to a certain extent. The general idea of betting is still there, it's just that crypto (or online in general)  makes it much more comfortable and easy to access compared to the past. Plus, I'm not sure whether to make it as a positive or not really, but people who don't want their identity to be revealed can easily register without much trouble.

I like the generalization but sadly it is not the reality in most country especially the country in which I presently reside in. Folks would rather go with fait betting than with crypto betting. Over here, crypto is the new gold and one's most priced possession and it's not something they'll use "carelessly". Because for some, it took them a lot of sacrifices which includes dropping out of college to get to where they are in their cyrpto-journey so they'd rather use it for trading than for betting. To them but not all, fait betting is just fine.

The lack of KYC, and it is generally a lot less prone to bookmakers banning accounts etc.

Crypto withdrawals are also lightning fast which is in direct contrast to fiat withdrawals which can take up to days even with top tier services such as Betfair.

It's just that the limits are generally lower and odds are a bit worse. Otherwise there's really no reason why anyone would want to use a fiat sportsbook.

Crypto changed people's lives because they can use crypto to hide from sending and receiving the funds, plus they can also use it to play gambling. The anonymity will be the biggest advantage from crypto to people who use it while searching for the merchant or other website to pay using crypto. Crypto helps people to gamble with ease as they can buy crypto from the exchanges and send it into their gambling website account and start playing gambling. But I think some people still use fiat to gamble as they still feel comfortable using the old way than trying to use crypto. So that will be up to them to decide.

In fact crypto has brought solutions to some of the complex problems of traditional casinos such as removing identity requests for casino violators by simply signing ownership of addresses which should be considered sufficient. It's just that casinos do not take advantage of that and prefer to hold gamblers' money under the pretext of KYC policies, that's not different from gambling using fiat.

As I said a while ago, certain crypto adopting casinos are still not ready for decentralization. The only instant benefit is unlimited use of any casino platform worldwide, but you will no longer be anonymous once you break the rules.

Both gambling and the crypto currencies helped each other with others adoption respectively. :D

Not only the gambling even remittance services become more convenient after crypto now more and more companies are adopting cryptos because its clear that cryptos are going to play a huge role in the future.

There are two advantages of crypto betting over fiat betting

1- In most cases of fiat betting, your identity can be traced by in crypto betting, you can bet anonymously on international gambling sites.

2- Even the minors and kids can gamble and bet because you don't need to use your credit / debit cards to pay for gamble . There are many non-kyc gambling sites available worldwide

@noormcs5: crypto betting is anonymous. It is hard to know the real gambler while Fiat is a free mode for any person to come for you through withdrawal access. If a person account become hacked, personal information can be tracked.

@Findingnemo: Fiat and crypto may work hand to hand but soon everything will change for good.

I prefer the deposit with crypto, converted into fiat, and then withdraw with crypto mechanics. This way, I don't have to worry about volatility, especially if I play with altcoins. It's actually better to play with BTC tho since the price is relatively more stable than alts and the bullish sentiment, however the deposit + withdrawal costs force me to pick the earlier mechanics. Crypto has more privacy as well, but I'm afraid it is difficult to maintain complete anonymity as more and more casinos require KYC. Nowadays you can only play hash games on anon casinos.

That's right but a lot of gamblers who are new to this online crypto gambling scene needs to know the advantages crypto gambling has over the traditional ways. I must say that gambling has been among the biggest contributors for the rise of Bitcoin and cryptocurrencies as a whole and I don't see a reason why we should shy away from promoting crypto gambling as long as it's legal and we are promoting legit casinos.

The biggest advantage I feel crypto gambling has over traditional is that we can bet any amount we want because in a real casino you cannot just make 5 cents bets.

I'd say the only real advantage you could get by betting via cryptocurrency is avoiding the laws of certain countries where it may be illegal. If you wanted to bet and lived in Iran for example, there are zero legal outlets even if you did not follow the religious law that covers the country. Whether you should be breaking the law is another question, but if the casino you're playing at doesn't use any sort of KYC authentication then there is much less risk that you would be exposed in future. Besides that, you are probably legally safer by sticking with the multitude of fiat betting sites in your country if there are no withdraw fees, because most cryptocurrencies have an extra conversion fee involved. Alternatively you might look at the volatility of cryptocurrency as a bonus way to boost your casino bankroll value.

This is why cryptocurrencies and gambling are such a strong combination, even if you had a bank account and PayPal did you really wanted to use them and allow the casino to get all of that information out of you when the only thing you wanted to do was to play some games? Now thanks to bitcoin we have retained some level of privacy and that is huge as this is getting more and more difficult since governments and private companies do not want you to have any privacy at all.

@South Park: Government does not want our information to be hidden from them. They wanna come for us now to gain that power and influence but time will tell. Few gambling platform with never want to lose there customers. They still do mini kyc to have a taste of our identity. Thanks to Satoshi for bringing Bitcoin to our table.

@Fortify: Nobody is running from anything.

KYC vs no-KYC will always be like a cat and rat game
even if gonverments enforce casinos to ask for KYC they could move to different countries where there aren't laws like that

KYC can hurt more than help too because it incentive people to fake documents and create an incentive for black markets to be stronger on stolen documents
idk

Honestly speaking, no it's not. Crypto betting is slowly moving to fiat gambling standards. More and more sportsbooks are now asking for KYC. That said, the casino part of crypto gambling is still very safe and respects privacy.

Actually, crypto gambling sites are miles behind when it comes to fiat online casinos but yeah better than local sportsbook where you have to wait in queues and then go back to cash your winnings.

I believe crypto gambling was much better with no restrictions and KYC but the way it's going now, I can't say it's progressing too well.

Majority of us do really hate up KYC that's why its just really that part of common sense on which one you would really be preferring into and there are lots of options out there for you to take.

Its just understandable that you would really be complying verifications when you do deal with fiat bookies and none for those who are
crypto platforms which majority is been preferring into.

Your choice which one you would really like to deal with.

We don't like us being asked for KYC.

But when the casino where we're staying does, we have no option but just to take on it and go on with what they're asking for. Dealing with it is the only choice especially if you have big funds being there.

It's liked being hostage as I've read from someone telling how it's like he's being asked for KYC before touching his own money.

Accept this, and what will happen is that those gamblers who are too lazy to do KYC will go to another website that does not require KYC. However, if they do have funds in that website, we are usually forced to perform KYC. I know they will keep it private with data privacy, but I don't have 100 percent trust in that. Still, we don't have anything to do but do the KYC or transfer to another website, but as a lazy gambler, I usually transfer to another website because there are so many now.

Online betting has become more popular and played all over the world. It made the lives of those people who want to play easier because they can bet whenever they want to, wherever they are. It's more convenient to use and it adds on the entertainment aspect of most people, especially right now that we are in the middle of a pandemic.

I agree to most of what you have said, but I have other parts where I beg to disagree as well. It's true that the era of traditional betting is almost gone because almost everything is digitalized nowadays. The technology is evolving and so are the products and services being offered. Hence, most bettings also adapted to the changes and made their way online. There are now so many websites to choose from. You just have to pick what suits your preferences. However, I don't agree that gambling is only for the rich. Gambling is for everyone, before and up until today. Only that it became more inclusive because of the transition.

People can pick between fiat at crypto betting. Either of the two is okay as long as they are betting responsibly. But to answer your question, I think the advantages crypto betting has to offer over fiat betting would be: having more options, it is diverse in terms of betting payment and withdrawal, some of it does not require KYC which is a plus for those people who are uncomfortable with it, has more privacy, easy to claim prizes (in reputable sites).

I think the big advantage is you don't need to go out and be safe at playing at your own home.
You can play slots, dice, blackjack and even poker with just the minimum use of a bluff and still have fun. Cryptocurrencies + pandemic is a good combination and it's like everything is written for it to happen. I am not saying I am happy the pandemic came but it did open up a lot of eyes into how they can make their lives easier by using other means such as cryptocurrencies for paying bills and gambling in this case.
As of now, I keep a bit of stablecoins which I don't do before just because it's the faster way to transact and widely accepted.

Indeed. The government seems to want to know who the player is and trying to ask KYC to the casino and maybe that is why the casino is trying to apply KYC to their members. But hopefully, there is still a crypto betting that does not require KYC to its members, especially if the crypto betting site is hosted in the country that allows gambling. So we have our options to select which crypto betting site we will use to gamble and always avoid playing in the crypto gambling site that requires KYC.

it's interesting because apart of our personal opinions on that KYC is useless, it hurts more than helps.
but of course the ones that makes these rules doens't seem to care, or don't even think about the second order effects on their decisions.

Crypto betting has come to solve the issues and limitations we had while gambling with fiat. We had issues like currency conversion mostly for international gambling sites, issues of KYC verification before withdrawal and deposit, issues of government regulation on gambling. Crypto gambling brought a new era to the gambling sector.

When this market had existed then all of things had been changed on which those centralized and some factors that do block a certain individual because of such factors which would really be that a big problem or would prohibit you out on playing because not all does have credit/debit card which means its really
a hard part on doing so. When crypto had existed then it did really solve of of those problem in related to this manner.

Crypto betting is better compared to fiat-betting for these reasons -

- You don't have to pay taxes on your deposits and withdrawals on a crypto casino.
- You have faster deposits and withdrawals
- Significantly less house edge compared to fiat-based betting, People have been telling me they're betting in a casino that charges them with 20% house edge and I say it's crazy.

like satoshi said: new territory of freedom  ;D
not sure if he envisioned ALL the applications that would be able to use this territory, but maybe...
gambling included, be it good or bad

Adding up;

-You could play whenever you do like since you can access it through online.
-No need of credit/debit cards
-No need for personal information
-You can play with small amounts
-Anonymous

You could really tell the difference if you do tend to experience both.

Actually, there are still a lot of known crypto sportsbooks in this forum that don't require KYC. However, if you are high roller, expect that the casino may possibly ask your KYC as per requirement of their gambling license. But other than this KYC stuff, crypto casinos have other advantages as you can play with other alts and let's say, you can play cheap. You can even bet in some casinos like 100 sats or its equivalent in other alts. So if you just want to enjoy the game and want to have fun bet, you can always do.

You do have a lot of advantages, but not those that are on your list.

1. Most of the crypto casino will require you to go through some sort of KYC. So you no longer remain "private".
2. Such as? Fiat casinos have better gambling options in my opinion. But Crypto casinos are catching up.
3. More varied but most of them are almost identical.
4. How is crypto better any different than fiat betting? It's all the same. Just different mode of payment.
5. Makes no sense.

Time would inevitably come that every crypto casino and exchanges would require KYC mandatorily.
So, I guess anonymity will no longer be an advantage in the next few years.
What I can personally see in an online crypto betting as an advantage is the comfortability of betting experience inside your room especially during this pandemic. Easy access and faster transaction.

I don't think there's an online casino that has no restrictions because it will be abused especially the reward system.
I only agree that online casino is better without the KYC.

I would say it's because of digital transformation, though crypto/blockchain pull lots of advantages for betting/gambling. But these advantages have a lot of risks as well, e.g. your personal information.

Online/crypto betting have more risks regarding money transferring as well, one mistake is a huge mess, can't be refunded by any means, and unfollowing or do against TOS/T&C is equivalent to closing an account and etc. that's why reading T&C is a huge help before registering and following instructions is a must in any digital activities, else accept the consequences.

Yes, that how it goes.

If we don't like that we're asked for it, we'll just take our funds and withdraw it from here to there, to the another casino that don't asks it.

And when the new casino where we deposited starts to ask the same, then we'll just do the same thing. But if the casino where in we play asks that we do like them, we wouldn't mind complying.

What are you even saying? Did you understand the context of my post? Where did I mention that I don't like crypto gambling? Of course I will choose crypto gambling because like I said, choose what we preferred. And just because I'm promoting a sportsbook, it doesn't mean they will have control of our preference.

You can't control the preferences of others just because you are in crypto gambling over fiat gambling. You can't also say that just because in our eyes we see crypto gambling is better over fiat, that should be the same view on other people, especially on fiat gambling.

If you are a high roller in a Sportbook, I think you can select the recommended Sportbook with reputation, even if that Sportbook requires KYC, because you will have a big chance to make a lot of money from the match. Besides that, using that Sportbook will not give you a problem in the future as they are one of the Sportbook that have a good reputation so they will not disappoint their customer. Placing a bet in the Sportbook or regular casino that requires KYC or is free from KYC with a limitation will depend on how you feel comfortable sending your document. So maybe that will be back to yourself before you register on the gambling website.

In my point of view, the main advantage was the variety of options that emerged.
Today it is possible to place bets from anywhere in bookmakers that are also anywhere in the world.
Of course, the crypto bets we have today may not be as secure as they once were, as they lack many regulations, but with so many good options out there, it is possible to greatly limit the risks.
Privacy is also another important factor that came up with crypto betting.

Yes, the price is the best thing with crypto betting.

Along with many other benefits including less house edge compared to the local casinos.
Do crypto casino owners that are unregulated or unregistered even pay tax cuts to any government? I doubt that.

Well, my road is from live gambling (ground casinos, to not be confusing) to crypto gambling! Before crypto, I didn't try fiat online gambling! Simply I am from a third-world country, it wasn't simple and easy to deposit and withdraw, and I am really not sure how it goes now with foreign casinos, there are many online casinos from my country where we can deposit our own currency, but I didn't try them either... I am a full crypto gambler! My only experience with fiat casinos is 888 for a while year or two ago, and it was just to play poker... I tried some other games there, but I didn't like them very much!

With crypto I discovered the beauty of online gambling! Leveling up, getting bonuses and prizes, various promotions, wagering/multiplying wars... and all other stuff! For me, the main advantage was that I can play any game, easy registration, fast crypto deposits, and withdraws! I don't think about changing anything, I will stay crypto for sure!

of course 5 makes sense.
Depending on the country you live betting may be forbidden or some games may not be available
if you include varietis of betting (like elections, as an example) there's even more possibilities
One could be able to bet on the outcome of US elections even if they live in France, Japan or South Africa.

There might be some restrictions that could be seen on other countries but doesnt mean that the market isnt really open on almost everything.

Betting on other events on other countries which is indeed possible due to accessibility of those services/platforms which are providing for people
to be able to make out some bets which is the real beauty of things.

About choosing whether crypto or fiat then it will vary on your needs but you could really notice which one is really better
in terms of anonymity and easy access. ;)

Which fiat casino lets you take out your money without kyc?
And for crypto casinos, they will let you play and take your money without kyc till some extent. Nobody can remain private on 'centralized exchanges' also if they want to sell their coins on that platform. Where goes the privacy then?


If fiat casinos have better gambling options, I also know about some fiat casinos which started taking crypto as a form of deposit and withdrawal to allow more convenience to their customers.


I hope you are not referring to slots as they are all the same to me. Besides that, live betting also have look-alikes but we see fresh faces after visiting them though the game remains same everywhere.


Almost no difference, except the speed. If you do a wire transfer vs if you do a crypto deposit.


Why doesn't it make any sense? Crypto gives you the freedom to bet from anywhere while some fiat betting sites stop you from using them due to your country's regulations or your country being in their restricted list.

This is true although before cryptocurrencies emerged, the online fiat bookies were already in existence and everyone can do with just a few clicks or taps away just like what you're saying. But today, it's easier because of the quick adoption and variety of cryptocurrencies that we're free to choose from as long as it's supported by the bookie where we're playing at.

I agree, in many fiat bookies, you'll be required to comply but with crypto casinos, not all of them will force you to do as long as there's no suspicious activity on your account and they don't really ask for it.

KYC is mandated on fiat sportsbooks because those bookies are registered and licensed companies. In case of fraud, users are somehow protected and investigation might result in success because of transaction tracking.

In crypto, it's definitely a great advantage that we don't need to comply with KYC but unfortunately, there's a chance that most crypto gambling sites will now require it as centralization in crypto is now slowly taking place. For now, let's take advantage that we are not in that stage yet. But in case it's now happening, it should be expected.

The coming of blockchain eradicated so many problems in our daily lives and most especially in transactions processes, blockchain-based online gambling brought in many advantages with it.
Crypto solved the problem of middlemen in the transaction and also online gambling became the only option during the pandemic where social distance became paramount to our gaming life.

No, they don't pay taxes when they are not even regulated. Most of them are operating illegally and governments don't even
know about them.


Yes, with crypto gambling the role of the middle man (broker) is very limited and now you can place bets directly on the matches.
However, with fiat betting, you cannot place any bet unless you have contact with broker. This saves cost as well as the time.

I attach real value to my crypto portfolio, it is difficult for me to imagine myself betting with it. If fiat and crypto betting are options against each other, i'll rather and most probably choose the traditional fiat betting where value is fixed, that is for example, say i choose to gamble with $20 fiat currency, the value remains fixed unlike me choosing to stake 0.0004 of say BTC in gamble, we all know that the value is not fixed, and sometimes it may now become a case of me gambling with an amount i didn't bargain for.

It has seen a huge leap when the pandemic hits worldwide, it maximize the potential on how we can use the blockchain and moreover it's more convenient to play considering some blockchain based gambling aren't that strict especially on KYC. These middlemen are just on the way when in fact we can play on our own, it's like they suck money from players and yet it's a hassle to have them.

That is true, gambling was not that accessible to many people before unlike now, but not only because of this has been many improvement, also because of technology, phones where for the riches before, data were also for the rich before, but now everything is getting accessible with cheap prices.

I have used three crypto casinos and betting site generally now, none require kyc
I have used crypto betting sites and I like their services very much, they are really coming up.
The different mode of payment makes crypto gambling sites easy to transfer money to making it more accessible.

To be honest online betting will still be more profitable using fiat because of the low transaction fees, but using fiat comes with risks where it is difficult for me to remain anonymous. So for that reason, I will continue to use crypto to gamble online and the two are not much different because the most important thing is that gambling is an entertaining game and can provide benefits if we are lucky.

Well, Central banks are not going to let these things happen easily, already they are trying to regulate cryptos and many restrictions were imposed on casinos due to the easy access for them by the people not exchanges and casinos are imposing the KYC for obvious reasons.

They have their own disadvantages.

If you'll use fiat in online betting, it might have smaller fee but the profits in the long run is so smaller than when you have cryptocurrency, also the anonymity part. In cryptocurrency, with the large fee compare to fiat, however profits is huge in the long run (if you always win), the ugly part however is you could also lose a huge amount of money in the long run because of its volatility.

Online betting using cryptocurrency is much better for me because of its privacy and the long term effect. It's a high risk high reward kind of scenario.

can be true but do you see the huge difference between betting with fiat-based methods like credit-card or betting with crypto?
you can change the 'betting' term for any other financial service

as an example, in Brasil all the international transactions on credit card receive a tax called IOF that is 6.38% of total.

you understand my point?

Casinos would want to give the best experience to their gamblers, so they will not make a strict regulation that will only result in losing their customers, it's always the government or the regulators who makes the policy especially if the casino is licensed. So as a gambler, we have no choice but to follow the rules, or we won't gamble at all.

Or we can rely on decentralized crypto platforms, so we can count there will always be some good crypto casino that is not regulated by some country laws. At least that would be the best thing for us, I don't plan to move to fiat casinos, offline or online... and I will skip that KYC whenever I can, especially when it's about gambling!

When some crypto casinos reach their top in crypto, probably the only way to expand more is through getting a license and aiming for a wider audience. Some crypto casinos already have their advertisements in some sports clubs, and in order to do that they need to follow some regulations, and that will affect the players of that casino! So when that regulations start to affect us we can choose to move to some other place!

The only advantage is the true essence of crypto: It's borderless and can't be controlled. So you can bet from anywhere without being afraid to lost your money.

But it has some disadvantages too, of course: with crypto betting is much more easier for books to block you and steal your money.

Hopefully that it would take a long time before all of them enforce it. While we're enjoying this perk, there are still some cases that are different from the usual.
Being asked to do so and they won't comply because they stand to what they think is applicable to them. But they have to understand that there are policies being made and they have to adopt what are the house rules by the casino they're playing.

Policy is one thing that is very difficult to destroy, when the decisions and policies of a country have been made then we can't do anything.
but it's true it depends on which country we live in,
but on the other hand this is a good thing actually because we can do it both in fiat and crypo
and this is up to the perpetrator whether he wants to use fiat or crypto

Well crypto gambling has the advantage that you dont need to use your bank account again and again to transfer money which we dont want to do when we are gambling specially in my country, as banks may ask what are you doing with so many transactions, so this is the advantage i feel, you can keep all your winning online in wallet and can withdraw according to your needs.

Banks are really that keen when it comes to transactions made out of their clients and if they do find out some suspicious transactions or totally had violated up their terms and conditions then they do have the full rights on what are  the things should be done which is mostly trying to block you out on using up your card when it comes on playing gambling which is totally opposite when you do make use of crypto which you could make out deposits
and play all you want without the worry of being locked or traced or something like that.

Indeed, crypto bets have a significant advantage over fiat bets which will only complicate the method from the beginning of registration which will access all account data. Because it is quite vulnerable and private, with crypto betting we don't have to worry about privacy while the online casinos we visit do not require to meet KYC requirements when making withdrawals.

Because not a few are still casinos that provide crypto bets but also implement a KYC system that opens up one's privacy. What's more, the advantage of crypto betting is that the process doesn't take long after confirmation. Especially with p2p payments without the need for confirmation like when using fiat bets.

I don't side with the bank but that account blocking also has an advantage. What if your account got hacked and it was used without your consent and authorization? Banks are against fraud that's why it's also a good help that sometimes they will block the transactions right away.

We don't need to compare them. It's just that we need to open our eyes to other real facts and not just because we love crypto over fiat.

There is no problem with bank, at least in my country. But again, such things are differ from country to country, here i can agree.
But many books have their own wallet (fiat) and you can withdraw only one time per month (or even less often) or something like that. Not a big problem i think.

I literally don't see a way that crypto gambling isn't the way forward.

The fact of the matter is that fiat sportsbooks have gained a reputation of being slow and having notorious KYC procedures that bar you from betting efficiently.

Crypto betting solves all of this and is much more user friendly.

That's the good thing by using cryptocurrency in any gambling related activities because of it's characteristics as being decentralized there's no reason for a gambler to worried about being monitored on the movement of his asset. The bank will monitor the movement of your bank accounts whenever they see that a certain bank account has something not normal movement in his account. But for me I would like to use fiat in gambling instead of crypto because fiat has a fixed price.

It's MoneyGram and Western Union, not "money gramme" and "Wester Union."

I agree. Although, those days were gone already when fiat-based online casinos and sportsbooks became popular. Crypto platforms only took it up a notch.

Crypto casinos still have restrictions for certain countries, so it's still limited. Not only that, but gaming providers present their own kind of restrictions on who can play their games and who can't. If you are from the USA, UK, North Korea, Iraq, Syria, and several other countries, you would know what I am talking about.

The rich stay away from gambling (unless they are addicted). Your average gambler is not rich, far from it. He is a guy with a family and a bag of problems looking to solve most of them by gambling. Most of the time he ends up creating even more.

From where I'm at, fiat betting is still a thing, though of course these are done on closed doors and are almost secret to everyone not unless you're one of the regulars, or you know someone from the said betting circle. They  are still being patronized by many, and are a regular go-to for people around here when they want to bet on something. Give it time before they figure out that online betting with crypto is far better than the ones that they have right now. Then again, it's really hard to deviate from decades-old bookies around here that already cemented its legacy as a household name when it comes to sports betting.

Of course this assumption is based on the country that you are pertaining. Many country are too strict on online gambling especially on crypto casino since it is not regulated at all or there license is very limited. In my country, If you are caught that your money is came from an online casino, Your account will freeze as well as your funds since you are neglecting AML policy. Crypto is very convenient but there's also a limitations I when it comes to legality.

That is right. In some countries, like in the Philippines, there are online wallets that are very strict and thorough when it comes to checking the sources of the funds that comes in and out of the users’ accounts. And just what was stated, they will then freeze the account. Crypto may be convenient and more ideal, but in real life practice with consideration of rules and  legalities, it is not feasible for all.

But still, people who use crypto like to use crypto gambling than use fiat because they can play gambling with convenience without thinking much about the regulations from their country. They will know where they can gamble and what site they can use so they do not have to worry about being frozen or blocking their account. Using crypto, they can send their coins to other wallets that they can control and send them into the exchanges or convert them into their fiat.

For me and in my country, the situation is complete different. As we are not having almost zero opportunity to bet with fiats (lotteries are available at some part of my country and in my state it is again fully banned), crypto gambling is the only option for all of us and I guess most of my friends got into gambling only after adapting cryptocurrencies especially bitcoins.

I guess my government will continue their neutral stand against crypto and crypto related gambling as bypassing government restriction will be easier and possible for anyone hence I guess government has left it to gambler's personal responsibility.

Where I live, crypto betting is still not popular because crypto users don't dominate. The other reason for the dominance of fiat betting is that it is friendly to all circles, because for them crypto betting is still not fully known and does not know how to use crypto as a whole. For example, in the area where I live, it's fairly small that no more than 10-15 people bet using crypto. The rest they still use fiat.

First of all, it's all about the convenience it provides. Cryptocurrency betting has the advantage of convenience in terms of depositing or withdrawing as most websites offer such. Unlike in fiat, there are security risks that may happen (e.g. providing credit card details, personal information, etc.) whenever you try to withdraw funds. In addition, some gambling websites offer additional bonuses to accounts who deposit cryptocurrencies.

But in all honesty, even with the advantage of cryptocurrency betting, I would still choose to gamble fiat than cryptocurrencies since the latter is just too much valuable for long-term HODLing.

You have made some list and about the advantage I believe that fiat being a digital enabled currency, it takes away third party relation unlike fiat where money is paid to the gambling agent. It also reduces the likely denying of ticket money paid because it is there in blockchain for all to see and this is a major advantage of cryptocreency. Casinos are usual places that most likely have arguments so cryptocurrency is a transparent system that requires no argument by agent of casino because the blockchain exposes all transactions.

They do have some advantages to each other which we cant really deny on not to mention it out and its noticeable but if we do try to picture or determine on which one gives out the best or much better in terms of anonymity and accessibility then hands down to crypto betting where you could really get out these kind of features and benefits
but of course when it comes to security of funds or something which can be traced then fiat would be they key and this is why crypto gambling market did really boom
out just because of this main factors but somehow there are still people who do prefer on using fiat instead of crypto but well it serves out different market.

The first is security. Lastly, is you can manage your own funds.
Leave it in the hands of the bank and you will be looking for money that vanishes without a single trace. Report it and they won't even check it, they will just say they do but nothing was really done until it take years and you will just let it go.
While in crypto, you know where your funds will go, you also have the receipt which is your transaction hash. The ease of playing at home is also the perk of an online gambling with cryptocurrencies as an option for payment.

Never bet it all at once, even if you lose you could be ahead in that scenario.

The main advantage of crypto to me is segregation from your FIAT money which must be kept for bills.   Not many people are required to pay a bill in crypto, you merely have to be sensible to start off in your allocated funds and you will benefit overall from drawing a line in the sand for what can be bet on games or not.

Cryptocurrency betting have made betting so easy for users, betting can be done at any point of time  one  don't have to travel from one point to the other to take bet. Betting can be done with any of the digital currency without stress and after betting withdrawal  can  take place at any point. According to OP all class of individual can go into  betting not as before where betting was meant for a particular class of people.

The days of moneybookers, neteller and many others was a different era indeed but for someone using bitcoin for the first time will go through any e currency procedure of KYC which can be a headache for some but with familiarity the process becomes super easy.

Purchasing bitcoin at market value is not as easy as it sounds for first time buyers for starters and secondly you need to do your homework of finding the best crypto betting platform to avoid jumping in the deep end which has so many requirements before you start playing.

Gone are the days people were subjected to all these fiat ways betting, but technology came to the rescue and the rest is history! Bitcoin up up and away.....

There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

TK wouldn't say gone are the days of fiat but there are truly alternatives now which are cryptocurrencies, but the majority of people still make use of fiat for betting, crypto betting sites are just still on the rise.

Use only trusted exchanges and it already provides a sense of security from the unexpected to avoid scammers. Indeed research is important, but for someone who already believes in Bitcoin there is no need to go too deep. Just need to visit a secure exchange.

Perhaps most crypto bets such as using casino-provided altcoins are more likely to have low shipping costs. For beginners who really want to try betting crypto, it won't be too much of a burden.

Oops be careful with that kind of mindset. You are right that adoption is indeed higher but this also gives the opportunity for scammers to conceal themselves and cause it appear that they legit/genuine, but which is not. Remember that the more BTC adoption goes recognized, the more reason for scammers to take advantage of such situation.

Proper research is always the key in order to avoid any scams in dealing with an exchange. Remember also that prevention is always better than cure- that is why always read reviews and feedbacks in order to strengthen the security.

Proper research lets the user stay cautious from scammers. Important thing that needs to be focused is the buying option. Different gambling platforms support buying of cryptocurrencies through third party services. This will make the platform trusted as well as lets you get the cryptocurrency with ease than using different sources for buying.

More people are getting awareness on Bitcoin and crypto currency and many scammers are taking advantage of the age to create fake exchange links and most new users might not know much on how to choose a legit exchange for themselves. My primary advice is seeking help from trusted people on how to get the right addresses for legitimate exchanges

Cryptocurrency gambling is just the surest and easiest gambling options available now that just cross across boarders so having a legit exchange gives one an edge ready for the crypto gambling industry

this is the reason why there are so many phishing websites that are luring naive users and even offering too good to be true promises. so before you sign up, make sure the site is the official one, you can practically search it via web, if there is/are existing complaints or issues.
in terms of crypto gambling, if you are already here in the forum, better play on known reputable casinos with existing thread here. because they can easily help you if they have account in the forum. but if you are playing on a casino which can't be found here, that would be hard for other users to assist you.

Governments around the world are power hungry, they want more and more power but it comes to a point in which people realize that their everyday lives are many times harder than usual just because the governments cannot stop interfering with them, most people that gamble are not interested in laundering money or anything like that, they just want to enjoy the games and yet we need to endure being treated as criminals when the only thing we wanted was to get some fun, so it is no wonder why casinos that respect the privacy of their users are so popular now.

There's so many advantages of why people prefer to bet using crypto rather than fiat and because it is already in a form of a digital currency, that makes it perfect and it is already converted in every currency throughout the world and people can now easily place their bets fast in a secure line. You just have to know where are the proper sites to gamble without getting scammed.

Also, it's is decentralized meaning there's no government authority or a middle man who monitors every move you make with your own money/asset. So in this space, you get to control your own money and every transactions you do without worrying about the tax and it's also secure and private because your identity isn't attached.

tradeoffs
we always have to remember that there are risks when sending crypto to wallets you don't control the keys (like any online casino)
but you can probably trust the most famous ones and the ones who are advertising here on bitcointalk for years now.

Just some common sense for you to do on making out deposits into platforms or sites which is more reputable or known but it isn't bad to test out new sites either but you do know the risk is high which

its is understandable that you would or should stick out on reputable ones to make yourself get involved with less risk but speaking with betting or gambling activity itself then risk would really be just

the same or odds on making profits.Crypto and Fiat betting does have difference with just simply basing with centralized and being decentralized.

oh, you're right!
no problem on testing new websites, in these cases it's good to keep in mind that they can be more risky so coud be a good idea to deposit just a fraction of the total amount you'd deposit on other websites.
for sure

Well actually i prefer both kinds of gambling/betting. Initially i started with fiat betting only and for 2-3 years i done only that . then when i got introduced to bitcoin i started betting with that, the only problem i faced in bitcoin when bitcoin started to fall at that time it started to divert my mind and that sometimes result in loss as well because i tried to cover that as well.

Im a fiat gambler wayback on which using up my credit card which it cant really be denied that transaction is a breeze but of course everything you had done is tracked speciall on how you do spend up your money and of course you're been monitored by your bank
plus having more interest rates out of your credit and when crypto had pop out in the market and seeing anonymity and easy access
then it cant really be denied that experience was the best.

For me, as for many other crypto-enthusiasts, the main advantage of using cryptocurrencies in betting and other areas is the ability to remain anonymous when making payments. Besides, I don't need to go somewhere to play slots or poker. I do not need to make payments from my bank card, which allows bank officials to know more about me than they should. 

Betting has historically been a well known use of bitcoin and crypto in general. There is something about the first people that adopted crypto in the early stages that hints to an interest for taking risks and betting. Apart from that, betting is a way of laundering money and, again, there is no point in denying that some crypto users really want that type of thing.

I cannot say which is better.
But for me, crypto better is my first option, and this is much better. Except for privacy, it is also about availability.
Betting or gambling is illegal in my country. But I can actually find so many gambling with fiat, but of course, they are doing this by avoiding police  :D

This is simply why crypto betting is more suitable to do.
Although there are also some online websites that also provide fiat currencies to the bet, I will prefer to choose crypto betting.
Easiness, privacy, fast, and we can also find them on reputable gambling platforms, with lower fees also.

This is not exactly correct, after all we must remember the blockchain is public and anyone can look at very single transaction that was ever made, so I am sure governments are keeping track of everything that is happening on the blockchain, however the advantage of bitcoin comes from the fact you can open a wallet without the need to go through KYC or to wait in line as you would need to do so in a bank, something important during the times of the pandemic.

However even with that monitoring taking place I still think bitcoin is way superior to what you can get with the fiat system and it has created a perfect combination with the gambling industry, which is why it has grown significantly even during the pandemic.

You could actually make differences even you do just close your eyes because you could actually spot out the differences of a centralized and a decentralize
one which it isnt really hard to tell on which is more better.

There are really just people whom do really love still on dealing with fiat which is less hassle but yeah its centralized yet you are using banks
on doing gambling.

Unlike in crypto which is really in total opposite direction.

I didn't mean that I cannot see the difference, but I can't say which is better, because sometimes, everybody has a different opinion. And both have its good and also bad sides.
But for me, I prefer to choose crypto for gambling with at least some of the reasons I stated above.  ;)

Yeah, but some issues still can happen. And compare to fiat, if bad issue happens you can't go to court or law makers. Because crypto gambling platforms are beyond any jurisdictions. With fiat is much more simple, so, as fact - more safe. Be safe )))

That's correct, we still have the options to use crypto or either fiat, this will just depend on our choices.
Because of pandemic, I can't use fiat money anymore so switch to cryptocurrency based casinos because its more convenient now and I can easily use my crypto earnings to gamble which is more ok to me. Just choose what's best for you, and what's ore convenient for you gambling is fun.

For online betting then we could still make use of our credit/debit cards which it isnt really that hassle but since we dont really like on getting traced on what we are doing online then it would be much preferable on using crypto to avoid those problems.

There are people who do really mind much about privacy and thats why when crypto had existed then it did really boost up that kind of support not only on this gambling matter but also in other transactions as well.

Its good that we do have at least some have choices depending on our preference.

Yeah, just choose whatever we like, available, and also a possibility. Some people may still prefer to use fiat both for online and offline gambling, and some prefer to choose crypto moreover for online gambling. That is why everyone may have their own choices.

You can too, but unfortunately, sometimes there are those who are not available using both. Or there is a ban in a particular country. So is sometimes the use of fiat is more limited. Depends on the gambling platform and also the origin of the country too. Well yeah, more options, more choices that we can consider wisely for the best pick.

Some can't avoid using fiat because for example if they are using their credit/debit card, so in this case, their identity is already submitted to the casino. But if you will deposit in crypto to the site, and only use casinos not requiring KYC, then, of course, it is more favorable on your part because you don't have to worry about your info getting submitted. In this case, the gambler has the choice where to go when he gambles. The casino will lay out their ToS but in the end, it is up to the gambler if he will play on that casino or not.

You are right. Just because most here are in crypto, they didn't truly understand some of the advantages of the fiat sportsbook. Privacy is all that matters but when they got scammed, they will report in the law not knowing crypto gambling sites are not under any jurisdiction of any country.

I'm also a crypto-gambling lover but not saying it's better compared to fiat gambling. I always do crypto-gambling but we should open our eyes and not be biased.

There are some fiat based gambling sites that provide much better odds than any other cryptocurrency based books but the advantage of cryptocurrency based book is that you have the freedom to withdraw at a much lower transaction fees while fiat based i need to spend some transaction fees while sending them to my bank account and it will be linked to my bank account that the funds came from gambling sites which i do not want everyone to see. Solely for that purpose i like gambling with cryptocurrency because of the privacy it gives me.

Actually even without linking users' debit or credit cards, personal information was already submitted as most fiat casinos are centralized and KYC is mandatory there. However, the convenience is there as it just needs 1 click for deposits. Fast and quick with cheap fees. However, that method can't only be applied to those cardholders. Unlike in crypto gambling sites, that even at a young age, they can access the gambling site with no problems that's why there are other threads concerning young ones being exposed to gambling at an early age.

Overall, self-preference is what we should follow. There are lots of advantages and disadvantages to both fiat and crypto sportsbooks. Choose if what we think we are comfortable using as in the first place, we are paying in return for convenience.

In crypto betting it does not require their users for the mandatory KYC we'll some of the platforms required now for their level 1 verifications. Also, this keeps you anonymous there's no real name to prevent getting some serious cases. Also, the crypto has a cheaper feel still it depends on the coin you will use and if the market is already contested.  Most platforms now are using the stable coin or fiat currency equivalent to the amount deposited so the user or player does not get frustrated on the market volatility.

once more, it may depend on personal choices.
That is why more options, we can get more choices.
One person may prefer to use crypto only.
Another person may choose fiat.
And Another person again may choose both crypto and also fiat.
As long as they are available for them, it is no problem.

I still use both options, some features of fiat deposits can not be the same in crypto casinos. Like cashing out your coins will take longer due to obvious reasons while fiat withdrawals are better to spend in a few days. For larger amount, the additional time will be asked by casinos or bookies to check before confirming withdrawal on both cases.