Crypto Betting vs FIAT Betting

[terrific]

aren’t decentralized casinos automatically crypto casinos because decentralization means that they are most likely using privacy enhancing algorithms hence crypto will be the most important factor to be used here

You are right, decentralized casinos are actually crypto casinos because most of them if not all are accepting cryptos.
So, they fall to the category that they're also a crypto casino but not a lot to choose in the industry that are decentralized.
Because if they are no longer working, it's because that the community has lesser support on these kinds of gambling platforms.
Some are still trying to win over the market and their community but, I think that it's going to take a while until people goes back and show interest to decentralized casinos.

[Kavelj22]

As for me, I mainly play using crypto in international online casinos simply because I’m used to it. In fact, the highest I’ve ever deposited in fiat casinos is less than $2 every time I play. So while I use both, I still prefer crypto casinos overall.

Is it possible to deposit only $2 in Fiat based online casinos? Can you please paste the name of those casinos?
Back to 2014-2015, i used to play small bets in planetwin356 (i can't tell if it's still active) and the minimum allowed amount to deposit was $10 using Neteller or Skrill. Since that time, i really don't expect casinos lowered the minimum deposit to $2. Even crypto-based online casinos allow a minimum of not less than few bucks (not less than $10) depends on the network you chose.

[GreatArkansas]

As for me, I mainly play using crypto in international online casinos simply because I’m used to it. In fact, the highest I’ve ever deposited in fiat casinos is less than $2 every time I play. So while I use both, I still prefer crypto casinos overall.

Is it possible to deposit only $2 in Fiat based online casinos? Can you please paste the name of those casinos?
Back to 2014-2015, i used to play small bets in planetwin356 (i can't tell if it's still active) and the minimum allowed amount to deposit was $10 using Neteller or Skrill. Since that time, i really don't expect casinos lowered the minimum deposit to $2. Even crypto-based online casinos allow a minimum of not less than few bucks (not less than $10) depends on the network you chose.

I don't also don't think it's good or advisable to deposit only worth of $2 fiat because some banks or platform could charge you high fees, especially those fixed fees not by percentage of how much you deposit in such gambling platforms.

[Fivestar4everMVP]

aren’t decentralized casinos automatically crypto casinos because decentralization means that they are most likely using privacy enhancing algorithms hence crypto will be the most important factor to be used here

You are right, decentralized casinos are actually crypto casinos because most of them if not all are accepting cryptos.
So, they fall to the category that they're also a crypto casino but not a lot to choose in the industry that are decentralized.
Because if they are no longer working, it's because that the community has lesser support on these kinds of gambling platforms.
Some are still trying to win over the market and their community but, I think that it's going to take a while until people goes back and show interest to decentralized casinos.

Yeah, decentralized casinos have no business with fiat currencies, that is, all decentralized casinos actually and not some, any decentralized casino that is accepting fiat currencies is not in reality a decentralized casino.

A decentralized casino simply means a blockchain based casinos where even the games are hosted on the blockchain in the form a smart contract, and not on some server that is controlled by some persons or company, and so also is their deposit and withdrawal system blockchain based as well where even the game developers and the casino owners don't have access to the smart contract and wallets where users deposit their funds and withdraw from, you and I know that fiat isn't managed on the blockchain but are managed by banks, so any casino that has any dealings with banks as a result of accepting fiat deposits from customers isn't a decentralized casino.

[Kavelj22]

As for me, I mainly play using crypto in international online casinos simply because I’m used to it. In fact, the highest I’ve ever deposited in fiat casinos is less than $2 every time I play. So while I use both, I still prefer crypto casinos overall.

Is it possible to deposit only $2 in Fiat based online casinos? Can you please paste the name of those casinos?
Back to 2014-2015, i used to play small bets in planetwin356 (i can't tell if it's still active) and the minimum allowed amount to deposit was $10 using Neteller or Skrill. Since that time, i really don't expect casinos lowered the minimum deposit to $2. Even crypto-based online casinos allow a minimum of not less than few bucks (not less than $10) depends on the network you chose.

I don't also don't think it's good or advisable to deposit only worth of $2 fiat because some banks or platform could charge you high fees, especially those fixed fees not by percentage of how much you deposit in such gambling platforms.

I think you somehow missed my point about that it's not even possible to deposit this tiny amount, unless i am missing some updates about Fiat deposits into online casinos. And as you said, banks or payment means will charge a lot more than $2 in service fees. So how is it possible to deposit this amount? Even if some casinos allow deposits in tiny amounts less than $2, there should be not supported by some deposit methods.

[fruktik]

Thanks guys, got a lot of insights from you fellas.

And fyi to some of the lads, I didnt say FIAT betting wasnt growing, ofcourse its growing at an incredible rate, but the no of restrictions and user issues of FIAT platforms also have been growing insanely, do you not think a decentralized platform would be of larger benefit? - in the long term?

Personally, I see the future in a person remaining in a private state, that is, decentralized casinos can still gain momentum in a few years. Why? In the modern world, it is quite dangerous to leave personal data at every step. The consequences can be completely unpredictable. Therefore, the bet will be on crypto casinos, where the player does not leave any information about himself, which increases the level of human security not only in the information space.

[Fredomago]

In fact, it is the decentralized casino betting that has been struggling due to the limited games integration and sustaining players for the long term.  One example that these decentralized casinos are struggling is cited on this artcle: Top Crypto Casinos Face 98% User Decline in 2025.  

It is possible that due to the limited games offered, players easily got bored and looked for another platform that could meet their gaming needs/wants.

Not only about the limited games that they are offering. But people don't really like the idea of decentralized gambling.

They have to connect their wallet and each deposit or move they do is they'll have to confirm the transaction before proceeding.

Whether we like that kind of deposit and withdrawal. It just so happen that many of the users are not used to decentralized gambling. Also if it's about the centralized platforms and common ones, many prefer that and they find it easier to use.

Yeah, as long as they trust the site they don't bothered to submit whatever is needed to easily access and quickly played the game that desire to play, it's an individual perspective though as there are gamblers who are comfortable using decentralized and willing to connect thier crypto wallet while others are not and they more than willing to make a kyc and play using their fiat.

both are being used it matters on how a gambler choose things out as they understand both benefits and risk.

[terrific]

aren’t decentralized casinos automatically crypto casinos because decentralization means that they are most likely using privacy enhancing algorithms hence crypto will be the most important factor to be used here

You are right, decentralized casinos are actually crypto casinos because most of them if not all are accepting cryptos.
So, they fall to the category that they're also a crypto casino but not a lot to choose in the industry that are decentralized.
Because if they are no longer working, it's because that the community has lesser support on these kinds of gambling platforms.
Some are still trying to win over the market and their community but, I think that it's going to take a while until people goes back and show interest to decentralized casinos.

Yeah, decentralized casinos have no business with fiat currencies, that is, all decentralized casinos actually and not some, any decentralized casino that is accepting fiat currencies is not in reality a decentralized casino.

A decentralized casino simply means a blockchain based casinos where even the games are hosted on the blockchain in the form a smart contract, and not on some server that is controlled by some persons or company, and so also is their deposit and withdrawal system blockchain based as well where even the game developers and the casino owners don't have access to the smart contract and wallets where users deposit their funds and withdraw from, you and I know that fiat isn't managed on the blockchain but are managed by banks, so any casino that has any dealings with banks as a result of accepting fiat deposits from customers isn't a decentralized casino.

Because many people thought of decentralized casinos as a buzz word and not only that, they think that they've been using some different platforms.
And that's why if it's all about going with those casinos, it's not really for them. Going with smart contracts, it's quite of a hassle and so if someone isn't depth of using it, they might just give up.
There are fiat in all decentralized casinos and so, the systems and payment methods there are all running through crypto and that's the reason why some might misunderstood it as it probably supports fiat but no.

[livingfree]

Not only about the limited games that they are offering. But people don't really like the idea of decentralized gambling.

They have to connect their wallet and each deposit or move they do is they'll have to confirm the transaction before proceeding.

Whether we like that kind of deposit and withdrawal. It just so happen that many of the users are not used to decentralized gambling. Also if it's about the centralized platforms and common ones, many prefer that and they find it easier to use.

Yeah, as long as they trust the site they don't bothered to submit whatever is needed to easily access and quickly played the game that desire to play, it's an individual perspective though as there are gamblers who are comfortable using decentralized and willing to connect thier crypto wallet while others are not and they more than willing to make a kyc and play using their fiat.

both are being used it matters on how a gambler choose things out as they understand both benefits and risk.

Yeah, both ends are there.

Those who would be easy to connect their metamask or other wallets for convenience and the others that just like to go through kyc.

Both works for everyone of us but the numbers don't add up for most of these decentralized ones because we're seeing that what's more used are the centralized casinos.

[Fredomago]

Not only about the limited games that they are offering. But people don't really like the idea of decentralized gambling.

They have to connect their wallet and each deposit or move they do is they'll have to confirm the transaction before proceeding.

Whether we like that kind of deposit and withdrawal. It just so happen that many of the users are not used to decentralized gambling. Also if it's about the centralized platforms and common ones, many prefer that and they find it easier to use.

Yeah, as long as they trust the site they don't bothered to submit whatever is needed to easily access and quickly played the game that desire to play, it's an individual perspective though as there are gamblers who are comfortable using decentralized and willing to connect thier crypto wallet while others are not and they more than willing to make a kyc and play using their fiat.

both are being used it matters on how a gambler choose things out as they understand both benefits and risk.

Yeah, both ends are there.

Those who would be easy to connect their metamask or other wallets for convenience and the others that just like to go through kyc.

Both works for everyone of us but the numbers don't add up for most of these decentralized ones because we're seeing that what's more used are the centralized casinos.

Indeed,  and they keep growing as there are so many new centralized casinos that's been introduced, we see more and more gamblers are okay in providing their identity either to use fiat or crypto as long as they can go along and enjoy the game, just like every gamblers around it's more on your own take and how you'll see comfort when betting.

[Dr.Bitcoin_Strange]

Crypto casinos seems to be the game changer right now at the moment, since most of the casino launched this few yours has always been crypto integrated casinos. But however, for me, I literally have no problem gambling on any of these two, since fiat uses KYC and likewise majority of the crypto casinos too, for transparency and fraud protection against it's users. Because literally, apart from the payment methods, these casinos are all just the same, and as such, since the medium of payment do not influence our chances of winning, then it will be a total waste of time to bother about it.

Just like me too, I don't have any issues using both fiat and crypto casinos, perhaps I have been using a fiat casino and sports book until I joined the forum and started seeing so many crypto casinos and I began to use some of them. I don't have any difficulty in using either of the casino and even if am using crypto casino, my deposit is usually with USDT and not even with other crypto.