Gambling with stablecoins, Fiat, or crypto?

[Rampagoe004]

I prefer to gamble with stablecoins most of the time. Also, I like betting with fiat, and I have gambled with bitcoin before. I think it's best to use stablecoins because there is no chance of volatility, most casinos use USDT. However trusted casino platforms allow gamblers to choose different currencies to bet on, not only fiat and local currencies but also cryptocurrencies nowadays are preferred by people.

Yes, maybe there are also many who gamble with stablecoins, it is easier to carry out gambling transactions, using fiat can also be done in gambling. I myself have also bet with fiat. Yes, most casinos use USDT and different currencies depending on which country the gambler is playing in to bet, in this era of growing number of ways that crypto can be targeted, many people now prefer betting besides using USDT and fiat.

[Mia Chloe]

In my particular case, I prefer fiat poker rooms because the traffic and software, as well as the security (not only of your account but also anti-bots and collusion) cannot be compared with crypto rooms. When I have played casino games with crypto I prefer only Bitcoin because as I play for a short time (typically to test a room I am advertising) I don't care about the possible price fluctuations in the short term.

I think personally I'll go for stable coins and my reasons are quite simple. Firstly casinos that accept fiat are often KYC regulated and require some decent levels of KYC verification to be able to even make a deposit. And place a bet . On the other hand crypto casinos usually offer optional KYC with almost no limits or restrictions. Most of the time people will prefer to use stable coins like USDT which would definitely make it feel like making use of the good old fiat without having to do KYC verifications.
Making use of other crypto currencies is not a bad idea as long as it's ok by the gambler in question. however some gamblers may hesitate making use of bitcoin since they take it more seriously as an investment plan than a regular crypto for normal P2P transactions.

[Bitcoin_people]

The title says it all. Which currency do you prefer to use when betting? Is it stablecoins, good-old Fiat, or traditional cryptocurrencies such as Bitcoin or Ethereum?

I always prefer to use Bitcoin when holding even though there is some volatility it is still my preference. But most players use stablecoins for betting while some people prefer to use cryptocurrencies. People who use stablecoins don't want to be exposed to market volatility, but people who use currencies like Bitcoin and Ethereum are often exposed to market volatility. But in any case I personally prefer virtual currencies bitcoin and ethereum for betting and it is the best for me.

[wheelz1200]

Gambling with crypto us like gambling on top of gambling.  By the time ypu win or lose it could actually hurt or help you.  Meaning if you lost but the coin went down anyway in price then ypu really didn't lose that much value, so long as ypu buy the same amount back at the lower price.  But on the flip side if ypu win but the price goes down ypu increase your stack of coins but not fiat value of that stack.  I don't mind gambling with either to be honest.  It's small enough to not impact my life one way or another.

[Forsyth Jones]

Gambling with crypto us like gambling on top of gambling.  By the time ypu win or lose it could actually hurt or help you.  Meaning if you lost but the coin went down anyway in price then ypu really didn't lose that much value, so long as ypu buy the same amount back at the lower price.  But on the flip side if ypu win but the price goes down ypu increase your stack of coins but not fiat value of that stack.  I don't mind gambling with either to be honest.  It's small enough to not impact my life one way or another.

The important thing for me is to win at bets and have fun, learning how to position myself better. Betting is a 50/50 risk thing anyway, so it doesn't matter to me whether I win or lose, because I bet very little anyway, and I still don't have the confidence to bet larger amounts.

Regarding the question in this topic, I always use crypto like Bitcoin and Litecoin to fund my casino account, as it is faster, cheaper and more private. I prefer casinos that support crypto, I've never used stablecoins to fund my accounts or fiat. For me, the casino accepting crypto is more important, as it is an additional use for my coins.

Even more so now that Bitcoin fees are cheap, anyway, in cases of congestion in the mempool, just use a cheaper coin for this, like Litecoin.