Bitcoin Forum

What is the best method to bet most especially if one is betting on football matches what is the best currency to bet with, using cryptocurrency to bet of using traditional paper money. Which one is more secured and fast for inline usage.

This will be on your choice. You can not have crypto and first think to convert to fiat before betting, it will be good to use crypto directly to bet. If the market has gone down significantly some people will prefer crypto to bet in case the gambling site do not use fiat balance but instead crypto balance. I have liked the two and I use the two but I am getting to like crypto than fiat.

Depends into your choice!

There are bookies which you could directly make bets via crypto or wouldnt really need to make out some conversion to fiat.We know that these platforms dont ask out KYC compared
into those fiat bookie which is a typical thing for you to comply on.

Your choice as where you do find yourself comfortable and if you dont mind volatility then go with crypto betting but if not then stick to traditional ones
as simple as that.

Personally I am betting more with FIAT since I use exchange betting and just few bets are placed with crypto despite I love using crypto currencies.The real difference is not on your currency but in bookmaker you're using and option that they provide for your bets.

Nothing is better than gambling with a cryptocurrency in a bull market. It guarantees gains even on inactivity. And can add considerable compounding interest on top of winning wagers.

Gamblers generally being a bit skittish. They usually prefer crypto with fast payouts, due to crypto being relatively new. And fearing scams.

Fiat being the tried and true traditional option. Gamblers feel safer and more stable using it.

I think that using crypto has very large advantages over using fiat, and very little inconveniences. Among the advantages, the electronic transfer is fantastic and the fact that you get the prices in crypto is attractive for many users. Also, you still can keep you holdings even if they are in the casino account, which is also good to catch the bitcoin ups when they come. One possible disadvantage is  that bitcoin and other may be expensive to move sometimes.

Some site doesn’t have fiat option especially if its on crypto gambling site so technically, crypto is the best option for you and it will also depend on which crypto is available on the site you are using. The odds are still the same though even if you use different crypto I guess, so it doesn’t matter just choose the crypto that is less in fees.

Both can be of advantage depending on what you think. Some say it's fiat because they might not want to spend their crypto and some will say that it's crypto because it's easier and convenient. You bet with any of your choice based on what you think.
But if you prefer to gamble with cryptocurrencies, choose the crypto that you think you're good at spending so that you won't feel the regret that you should haven't gambled with that crypto because you're feeling precious with it.

There are several types.

-Pure crypto casino/betting site
-Pure fiat casino
- Fiat casino accepts crypto payments
- Crypto casino accepts fiat payments

or could be changed off.Expect that there would be KYC involvement into those fiat betting sites which is already expected.

As some crypto casinos don't ask for KYC you may feel more secured when betting with bitcoin or altcoins, if compared to fiat casinos which will be attached to your credit card or banking personal informations. And regards agility of the transactions, well, it will depend on the current conditions of the network, but it usually doesn't take too long to have a deposit or withdrawl finished, at least taking Stake.com as example. Another positive point is that the cashout fees aren't expensive. For the reasons presented I think crypto gambling is totally advantageous for gamblers that fiat betting isn't missed in anyways.

the advantage of using crypto for most reputable bookies here is that you don't need to submit kyc. and they have pretty good list of alts other than btc. if he wants fast, you can usually find TRX, XRP or LTC with very minimal fees. so yes, even if you use different alts, the odds remain the same, so it is up to the player which alt he is comfortable to play with.
the downside of fiat betting is the compulsory KYC especially if you are using your credit/debit card or any third party financial services.

Use whatever is more convenient for you, if you have cryptocurrencies then use them and if you have fiat then use it as well, there is no point in trying to convert your money from one currency to the other as you will just be charged fees and lose some money in the conversion that you are not going to recover, now if you are looking for ways to gamble anonymously then without a doubt gambling with cryptocurrencies is way better than to gamble with fiat by a wide margin.

When the investment was made in the form of fiat, the profit from it will be moderate. But the same will be double or triple when the investment made on the crypto. With that when you get the payments in crypto, you can earn additional from it by just holding it.This was the major difference between crypto and fiat.You should use the crypto on betting of football matches. I will assure that, you won't get disappointed by this move. Most of professional bet was happening like this now.

They both are almost the same thing. They follow same betting principles which deals about winning or loosing and probabilities. It only comes with certain differences in the sense of convenience. Which is most convenience to you as a gambler. From understanding cryptos and how to actually fund your bet account to making withdrawals on wins. Now, fiat betting could be a little easier for some users because, its everything traditional and may not necessarily require much of a know how. Cryptos, you might need to calculate the fiat equivalent of what your staking but, fiat's doesn't need non  of that. Again, your funds or winnings in a crypto bet appreciate with the price change in the market but fiat has got non of that. In the end, its really up to a gambler on which to prefer.

In terms of speed, crypto deposits/withdrawals are unbeatable.

Fiat sportsbetting often have long wait times for deposit especially when you're dealing with bank transfers.

However, I think that odds wise you are likely to get better odds on fiat betting exchanges like Betfair. It's not a big difference overall, but it still adds up over time.

If casino is a wholly crypto casino they won't be really having a withdrawal/deposit method for fiat. While the fiat casinos, usually, they're focused in fiat too.
They don't have the choice or option to give to their customers in crypto. But I guess in the near future, majority of them are going to support both deposits and withdrawals to have various choices for their customers.

It depends....
If you already have cryptos, bet on cryptos because it will be safer and faster than converting them to Fiat. Likewise, you will also be able to withdraw your crypto earnings anonymously from many sites (which don't require KYC).

But if you choose Fiat, the number of sites you can bet on increases a lot, especially for sports and championships that aren't very popular.

All matters with someones preference because not all would really be minding about kyc and still do proceeds to play no matter what but for those people who do really mind off about anonymity then crypto would
be the best option but if not then fiat casinos will be your choice.This is where people do mainly prefer on basing on their needs and preference.Choices would be on personal preference
and we do have lots of legit and reputable gambling sites in crypto market.You do just need to search up.

Other opinion about this will not really matter since its your personal choice on what can give you convenience upon using those what you ask. But for us we really prefer to bet using crypto since we can bet everywhere as long as there is a internet connection as well we can get updated and bet fast when there's a good event or match up to bet on. But anyways maybe you can get additional more knowledge to convince what you like but any of this will still depends on your taste.

Depends on the odds usually I find they can differ somewhat. Though, I tend to find myself betting in fiat instead of Bitcoin just because I value my Bitcoin more than my fiat. I also quite like long accumulators with insane odds have actually coming in. So, for that to happen I've got to have a gambling site which allows winning more than most Cryptocurrency sites allow.

Definitely not recommended though. I'd say even if you trust the website your using, you should be keeping your winnings in a wallet that you own that you generated yourself, and therefore only you have the private keys too.

Ideally, you should only be depositing the amount that you want to bet at the time you want to bet it, that way it prevents spending more than you would have liked i.e feeding a gambling addiction, plus it somewhat protects against loss of coins.

The fees are generally quite acceptable these days.

In terms of security you are probably going to find fiat ones better.

Fiat sportsbooks are generally going to be more regulated than the crypto ones, and barring account suspensions they are legally liable to hold your funds securely for you.

There is a lot less regulation but a lot more efficiency in the online crypto sportsbook space. The odds are going to be slightly worse but I think that's worth it.

The use of crypto is seemed to be our big advantage as we can make a deposit directly to our account anytime which gives convenience to gamblers, unlike fiat. If that particular site will accept crypto, I'd prefer to use crypto as well. I don't think fees really matter but probably it was the time consumed when using fiat money. I'd rather spend a few bucks for the fees to send crypto than spend more time going outside.

The convenience aspect of using cryptocurrency is the reason why on my end I do prefer to use cryptocurrency to pay on my bets whenever I am participating in any sports betting. I mean like for example, I would be going to place a bet on boxing fights then the currency that I need to use to pay for my bets is a different money denomination then I have no choice but to transfer my fiat into that denomination like $. I believe that is also the main advantage of using cryptocurrency to others.

The answer to this I very subjective and varies as per person preferences. There's always a pros and cons when using both crypto and fiat. Crypto is perfect if you want to bet with privacy while fiat is perfect is you are always a law conscious person and you want to track all your expenses in fiat terms. So overall crypto is much better to fiat if you want a hassle free online gambling experience because no one knows what's your gambling activities.

Crypto users will answers betting use crypto is more good than Fiat and Fiat users also will be opinion betting use Fiat is better than crypto so as the posts above said this could be subjective depend on people thought because both of ways have their own advantages and disadvantages however because this is crypto forum which plenty of us using crypto for our gambling activities then possibly gambling using crypto will dominated the answers

There is no best method to bet as that will depend on you.
What method do you think can give you comfortable feelings to bet, that is what you should choose.
You do not have to follow the other people as they will have their own method and basically, we choose what we want based on something that we can enjoy and accept with something that may happen later.
Both ways, fiat money and crypto are secured and fast as long as you can know how to secure it.

I think crypto betting is the best method and using the advantage of placing my bets anonymously without or avoid going to a betting shop to bet via fiat i.e using traditional money, in my country many people has negative perspection of people who goes to betting shops to place bet as gamblers and irresponsible people, however since I adopted the of use crypto for my daily transactions, I also utilizes it to bet online and swiftly all the transactions is securely done in my house.

With the covid-19 outbreak and the need for social distance, you should rather use more online betting sites to avoid having contact with cash and people so I will suggest you more of cryptocurrency than paper money, if you are familiar with online crypto casinos it is easy and fast to deposit and use with low fees.
I suggest cryptocurrency betting to enhance strict social distance to minimize the spread of the virus.

There are only two options that you need to do in soccer betting.
• Option one: online/gambling sites, they offer many types of crypto, depending on what you use, all types are good, Bitcoin is even better, good to use.
• Option two: Seriously, if you're betting on soccer betting, live venues in your neighborhood, it's best to use paper money.

Addition: talking about betting using the best currency, if you use an online site outside this forum, they mostly don't use crypto options, you can use paper currency in your country for betting, Of course you have to choose an online gambling site that is honest and responsible.
If you play on online gambling sites in this forum, make sure the best is crypto currency, doge and Bitcoin are also top.

If that casino offers to use crypto, you can use crypto and lucky you, we have so many good casinos that have those options so you can use crypto to place your bet. I never use fiat money to gamble but I have some experience playing gambling in some casinos using crypto and I like that because we have so many coins that we can use to gamble. Using crypto is more secure and fast and the best part is you can gamble without revealing your identity on some casinos that do not require KYC.

Now the time has come that any use of fiat cannot take place without identity verification.  But in the case of cryptocurrency, there are still options for the anonymity of your identity.  In those casinos that do not require KYC.  This is a huge plus, because there are many different situations in life when a player would like to remain anonymous, for example, he hides that he is addicted to gambling from his family or is simply afraid that someone will find out about his money and will blackmail him.  Many such circumstances can be grounds for anonymity.  And cryptocurrency without KYC is now the last option to remain anonymous.

Fiat sportsbooks are more secure for me, but if you like to enjoy anonymity then crypto sportsbook is the answer for you. The secret here is don't risk all you got in one sportsbook as that would help you minimize the risk. Actually, I have been gambling for years using a crypto sportsbook and I'm happy to tell you that I did not encounter any serious problem.

Crypto is always my first choice when it comes to betting since I don't have to go through the extra verification stuff unlike with fiat sportsbooks plus the services are good enough as crypto sportsbooks are slightly getting competitive.

It also depends on your criteria since there are people who don't mind getting verified and tbh fiat sportsbooks are still miles better than most crypto sportsbooks(promotion, odds, markets,etc). Instead of comparing the two, it's better to look at which currency would be the best in your case.

Go all-in for online gambling as it offers you the best privacy and easy means if playing gambling games, it deposits are easy and fast so I will advise you to choose online gambling over physical casino.

If this would particularly pertain to online usage, then I think crypto betting would be convenient. Although this would depend on the users’ preferences of course, because in crypto there would be lesser regulation compared to fiat, as already stated by the others. Moreover, there would be higher fees, but all of this do add up for the efficient flow of transactions. Nonetheless, the choice would be depending on the user’s preferences, environment, currency, and even financial capacity.

It depends on your personal choice but I usually prefer betting using cryptocurrency especially if the market is in a good situation. I also find it more convenient since most gambling sites these days support lots of cryptocurrencies. Online gambling is also a hit during this pandemic so I believe that it's wiser to use crypto than fiat which is traditionally being used in physical casinos.

I don't gamble with fiat... I am only crypto! Before (like +15 years) it was complicated to gamble with fiat, it was hard to deposit and even harder to withdraw, so local casinos were the best option! With crypto I started to gamble online, easy access without much hassle, fast deposit and withdraws, no stupid procedures, and of course choice of games was amazing! And now after all those years, I don't even think to gamble with fiat!

It depends on the situation because if you are in an actual casino and they require a fiat then you do not have a choice; typically, there are only a few casinos that accept bitcoin as payment, so their primary payment method is fiat; however, in an online casino, bitcoin is one of their payment methods, and you can choose whether to pay with fiat or cryptocurrency. My preference is for cryptocurrency when shopping online, but fiat is the best option when shopping in person.

I think whIch way is the best way to bet always comes down to the odds first and foremost. Once you’ve kind of honed in on that then you decided from there.  I guess technically your cost basis of your bitcoin comes in to play. Personally I stated gambling again once I found out that there were online casinos accepting bitcoin. It just makes things so much easier when it comes to deposits and withdraws. For me personally I prefer using bitcoin.

it depends on you, I think because all of them have risks and advantages and disadvantages of each.
on the other hand it may be different because it refers to the experience and desires of each person.
maybe in terms of crypto this will be more profitable because they don't have rules that are too difficult to run in contrast to fiat.
but it will definitely get pros and cons from some parties

If you've never tried betting with crypto, it's best to learn and understand before doing so, because if you ask those who bet using crypto, crypto is definitely better than fiat because it's faster, simpler, more convenient and more cost effective.

and another reason because those who bet with crypto they have bet with fiat before which in the end they choose crypto to bet, because crypto is much better than fiat and also profitable if the crypto we use the price goes up.

Secure : I think the issue of security  is based on the company and the site first as compared to the crypto or fiat therefore it does mean that you have to choose for yourself where you wanna gamble but most of the gambling sites use cryptocurrencies now a days and have more variety therefore people generally use cryptos.

Fast: Both of them I guess, the gambling sites now provide instant transfers which does mean that you can deposit instantly which is a good thing

Online usage: you can use both cryptocurrencies and fiat but with cryptocurrencies it's more private overall as compared to the fiat.

It is really an individual choice! Crypto and fiat both are good but if you don't want to reveal your identity, then you would want to use cryptocurrency and crypto based casino. But if you don't have any issues with your identity, you can go ahead with both.

Both of these options are fast and cheap. But if online gambling is illegal in your country, then you wouldn't have any other choice than cryptocurrency I believe!

The best method to bet on football matches is to bet only the money you can afford to lose and don't bet all your money on one game. Even with the most save bet we can manage to lose money. As for betting crypto or fiat money I don't really see a difference there. Most of the big bookmakers accept fiat money and the major crypto coins. I would say it comes down to what free money you have, if you have a lot of fiat money in your savings account I would rather use that. You can always convert your winnings into cryptos later.

Depends on where you play. If they accept only fiat, then fiat, if crypto then only crypto, if both, well that's up to you. It's a matter of choice, there's really no "best" or "worse" option here since, well, we're talking about two mediums that are both well used on the sports betting scene. Most sports betting sites use cryptos that have pretty fast transactions so I don't think it'd be any slower than fiat transactions plus, it's transparent, so that would probably be better on that note.

Personally, I use cryptocurrency for betting as it gives me an opportunity to bet without providing my documents to third parties. In my country the sale of personal data is widespread, so I try to avoid KYC and other procedures to prove my identity. My acquaintance uses only fiat bookmakers as he doesn't even think about it so it's everyone's personal choice. 

Both fiat and crypto has their own security system, which one is better is about preference.
If you are new to crypto online betting, you need to learn about it first to avoid some common mistakes.
I myself use both fiat and crypto for my gambling activity, I use fiat in local casino since long time ago and I started to use crypto since few years back.
I cant compare which one is better as each method has its own advantage and disadvantage.

The crypto casinos will grow its popularity because they can cover their identity by not sending documents for the KYC. It will help people who want to play gambling but do not want to verify their account, which they will find hard to get on the fiat gambling websites. But it also gives a problem for the gamblers as they can get addicted to gambling if they forget to control themselves while playing gambling anonymously. The growth of crypto gambling websites will make fiat gambling websites lose some of their members because besides playing gambling, they can also earn something that will be more worth it than in the fiat gambling websites.

You will make your choice by depending what is available with you. If you have cryptocurrency you can bet with, if you have fiat currency you can also use it to bet. Only you can make this decision .

If you want to separate the issue of betting and the issue of cryptocurrencies, then use stablecoins. This will avoid the impact of cryptocurrency volatility on your deposit. As for the most convenient bookmaker, the choice is quite wide, but you have to choose for yourself, since there are risks everywhere and no one wants to give financial advice to take on extra responsibility. Check the bookmaker threads on this forum, you can learn a lot of information from there.

Looking at your question, have you encountered any problem with betting with either cryptocurrency or paper money because except you have any problem you can raise the question then. Outside that it depends on the betting site condition for betting if they make provision for any of them and it depends on you also regarding the one you want to use.

Everyone has a choice to make, either of them both can be used to bet.
Best for this is the one thats user friendly to anyone, but i still think more of the paper form are being used.
User can find online betting tedious and hard for them to carry out, this is as a result of over famiarization of the paper betting system.
Advice:  One should be flexible while trying totake such decisions, you can use both of them anyways.

It depends on the funds that you currently have.

Most people would bet using their cryptocurrencies (given that we are here in a bitcoin forum) due to the convenience and availability that it provides but I personally prefer to bet using fiat. The problem with betting cryptocurrencies is like you are betting gold- its value may increase in the near future. Suppose you bet $20 worth of BTC today (2021), its value may significantly increase let us say maybe 5-10 years from now due to its inflationary nature.

That is why, whenever people ask me which currency they should bet on, they should always go with FIAT.

What do you like to bet with? there is no specific benchmark because we only adjust to casinos that do provide bets that have been provided. But most of us always bet crypto over fiat. We love that crypto betting in that you will have a value estimate that increases as the price goes up. Automatically our bets will have more value if using crypto. But again it comes back to the availability of the Casino you are using.

Cryptocurrencies are subject to strong volatility compared to fiat money, so I would not refer this to the pluses of using cryptocurrencies in the gambling industry and betting as the price of the asset used can both rise and fall. You may as well keep cryptocurrencies in your cold wallet and sell them when the asset goes up in price and use fiat money for gambling and betting.

Today using a bet with paper money doesn't too effective or is convenient due to having a covid the event organizers don't want to handle a large number of people unless they make an event which is through their TV or Online Bet. That's the thing adopting the use of the cryptocurrency most of the people today are using it and now can effective more because adopting the use of it not only in investments, fees, transaction but also to play gambling reason why becomes trend nowadays.

When it comes to convince and easy funding I go for crypto currency because there will be no need for currency conversion especially for international gambling but if it's on a local betting platform then fiat will do the job perfectly. Both crypto betting and fiat betting has their own pros and crons so it all depends on your location and what platform you choose to use for your bets

In the early days it might have been possible to find some opportunity and arbitrage situations going on with crypto sites, nowadays however they are all using the same statistics companies to put out the same odds as fiat gambling companies. You're unlikely to find any noticeable difference. One advantage or disadvantage you might get from crypto betting is movement in the underlying asset you hold more than making money from the bets. If you're a fan of Bitcoin and a small scale gambler, maybe someone who lays their bets when they can get a nice promotion, then it might work in your favor to hold a sportsbook wallet balance which could increase in fiat terms without doing anything else. Besides that and taking advantage of different special offers, there is no noticeable difference and crypto might have a difference if exchange fees are expensive or transactions are slow.