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Author Topic: Why not just gamble with fiat?  (Read 21231 times)
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March 06, 2019, 10:40:07 PM
 #61

Fiat casinos are actually regulated and you won't get some shady off shore website witholding your funds because you didn't pass a background check.  It seems like none of these crypto services even offer anonymity and transactions are actually slower than fiat services.  Whats even the benefit of using crypto to gamblefor you guys?
yes it may be a good point for sometimes but the chances depends on how a person decided to gamble he wants to gamble with cryptocurrency then no one should be stop him and the profit and loss only faced by him so the decision maker is each and every person.
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March 07, 2019, 12:23:37 AM
 #62

Maybe people will compatible with the gambling of cryptocurrencies casinos so it will also been and good way to develop the cryptocurrency field so I don't think trusting only one way kamling will not be enough write factor for development of this field.

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March 07, 2019, 07:49:55 AM
 #63

for matches at the gambling table, fiat will be good. but when playing online casino, or jack, or something else, using crypto is the best and the best.
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March 07, 2019, 07:56:01 AM
 #64

Maybe people will compatible with the gambling of cryptocurrencies casinos so it will also been and good way to develop the cryptocurrency field so I don't think trusting only one way kamling will not be enough write factor for development of this field.
We are very confident to gamble with cryptocurrencies and for the first choice of coin, it is bitcoin. Cryptocurrency casino's has existed and paving those gamblers that doesn't find confidence to gamble with those fiat casino's.

And through it, that contributed to the market of cryptocurrencies until it was recognized. There's no one that stops people to gamble with fiat, you can do it as you want and you can gamble with crypto as you want, anytime.

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March 07, 2019, 09:08:41 AM
 #65

The days of anonymity are over.  All the casinos make you do KYC for large withdraws now.  There may be a few left that don't but they are sketchy and are likely to just keep your coins in the end.

What counts as large withdrawals? How much, roughly would you say?

Also, why are more and more casinos insisting on KYC? They know customers don't like it, so they must be getting pressure from authorities for AML reasons. Or?
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March 07, 2019, 12:54:12 PM
 #66

for matches at the gambling table, fiat will be good.

Well thats what Actual or Real gambling means in which we are betting using Fiats in table,or tokens from casino as well in which i use to play daily from wayback when i was still single and addicted

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but when playing online casino, or jack, or something else, using crypto is the best and the best.
Ofcourse we can’t use Fiat in crypto gambling sites lol,but in some sites they are offering fiat for betting things that for me is more addicting and expensive
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March 07, 2019, 02:39:03 PM
 #67

basically people are gambling using fiat because most of the time they are buying coins using fiat and they are just playing online, the good thing gambling on cryptocurrency are, first, less hassle you can focus well. Second, you can control your playing time you can go back whenever you want to. The same thing when you are betting thru fiat of cryto is being risky, you can go for fast win or lose it is up to you.
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March 07, 2019, 05:16:11 PM
Merited by sana54210 (3)
 #68

I think majority of people who play fiat gambling now are either not aware of cryptocurrency gambling or do not know how to go about it yet. Majority have chosen cryptocurrency gambling over fiat because of the many advantages it has given over fiat gambling and overtime it has proved to be a  more  effective and a more secured medium for gambling.

I like the robbery instance you gave, just imagine after winning a fiat lotto and way home, one is been robbed and most times this robbery can be planned, you can imagine the trauma this would cause,  while this cannot happen wit
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March 07, 2019, 08:27:06 PM
 #69

I don’t think gambling with fiat can in any way be compared to gambling with cryptocurrency.

Fiat gambling is cool actually but it is not for everyone, some rejoins or countries do not allow gambling and that definitely means fiat cannot happen in such countries and unlike cryptocurrency gambling, even residents of countries that do not allow gambling can do this at the comfort of their homes, and there are also people are shy to disclose to people they gamble, they just want to make their money secretly without anyone having traces to their sources of income, people like this would rather choose cryptocurrency gambling because it gives more privacy and lastly. Concurrency gambling is much more secured.

Returns and money saved in the wallet and can be withdrawn at will and unlike fiat, someone else is aware of your win and God forbid one becoming a target
You are basing your fact on the base of when block chain technology has been widely accepted, you can’t compare the acceptance of FIAT to CRYPTO and until crypto reaches every part of the world.

FIAT gambling will still be better than CRYPTO currency gambling, how many of the world’s population has even heard about the block chain industry, in my country we have barely 5% of the population who have heard, known or accepted crypto currency in which only 3% of them are already using it but thinking of FIAT, virtually everyone in my country uses Dollars which Dollar exchange center is even one of the major business here. So FIAT gambling will always be more relevant than CRYPTO gambling.
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March 07, 2019, 08:38:35 PM
 #70

Everywhere people doesn't get legalized support to gamble with fiat. In those legalized countries people make use of the chance, while the same is not gonna benefit the users from the gambling banned countries. For their desire gambling websites with cryptocurrency acceptance is the best choice over the fiat usage.
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March 07, 2019, 09:02:40 PM
 #71

The two obvioud advantages of using cryptos instead of fiat when depositing on casinos are:
- You can do it from anywhere in the world, and you are wrong about how long you transaction will take (for some cryptos, it can take less time than FIAT)
- Anonimity for small deposits/withdrawals.

Also, it is a way to let the world know about the existance of cryptocurrencies.

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March 07, 2019, 11:34:54 PM
 #72

I think majority of people who play fiat gambling now are either not aware of cryptocurrency gambling or do not know how to go about it yet. Majority have chosen cryptocurrency gambling over fiat because of the many advantages it has given over fiat gambling and overtime it has proved to be a  more  effective and a more secured medium for gambling.

I like the robbery instance you gave, just imagine after winning a fiat lotto and way home, one is been robbed and most times this robbery can be planned, you can imagine the trauma this would cause,  while this cannot happen wit
Definitely right.Crypto gambling has more advantages compared to fiat gambling knowing it offers more bonuses and treats and the security it brings too far from fiat gambling.The robbery has always been a scenario to those who win from fiat gambling so if you want to be more safe after winning such games,then better to play on crypto gambling.

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March 07, 2019, 11:50:29 PM
 #73

Fiat casinos are actually regulated and you won't get some shady off shore website witholding your funds because you didn't pass a background check.  It seems like none of these crypto services even offer anonymity and transactions are actually slower than fiat services.  Whats even the benefit of using crypto to gamblefor you guys?

Crypto has lower transaction costs to me and also FIAT is heavily against the use of cards for use with gambling, it causes problems maybe even has an effect on credit score.   Crypto is often way less trouble to use also consider many countries gambling is heavily taxed and restricted maybe even banned

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March 08, 2019, 01:28:09 PM
 #74

...also FIAT is heavily against the use of cards for use with gambling, it causes problems maybe even has an effect on credit score.   

This is a very good point. The number of times I have had my cards frozen by the bank due to gambling deposits... insane.
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March 08, 2019, 08:51:43 PM
 #75

The days of anonymity are over.  All the casinos make you do KYC for large withdraws now.  There may be a few left that don't but they are sketchy and are likely to just keep your coins in the end.

What counts as large withdrawals? How much, roughly would you say?

Also, why are more and more casinos insisting on KYC? They know customers don't like it, so they must be getting pressure from authorities for AML reasons. Or?

They were probably made to do the kyc by governments just like cryptocurrency exchange were made to comply. Gambling on decentralized  platforms should be possible without kyc, so why not try them?
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March 08, 2019, 09:57:25 PM
 #76

Gambler's are always looking were he/she can get easy and convinient to make money without hassle. Crypto currency is one of the best gambling games via online without hassle like wasting of time to go in tradional casino house to play gamble unlike in crypto anywhere we are can do gamble if the internet connection is.available.
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March 08, 2019, 10:13:36 PM
 #77

Whoever thinks that bank transfers are faster than crypto and should educate himself. All of my banks need at least 12 hours to transfer money within the country and about 2 days to send money abroad. You can make it faster by paying a hefty fee. It costs 2 dollars to speed up the process. At the same time crypto fees are usually lower than 50 cents and need less than an hour to appear on your casino account.
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March 08, 2019, 10:30:29 PM
 #78

Fiat casinos are actually regulated and you won't get some shady off shore website witholding your funds because you didn't pass a background check.  It seems like none of these crypto services even offer anonymity and transactions are actually slower than fiat services.  Whats even the benefit of using crypto to gamblefor you guys?
yes I agree with your statement but the people don't want to use facing the way of money making at all at any time because they need to explore any time that's why cryptocurrency is more addictive and also more impressive for the investor to get spend a lots of time here that's why the choice depends on the situation of investor.
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March 10, 2019, 07:04:02 PM
 #79

Crypto gambling is unique at it's own too. I bet non fiat casino will offer you to bet 0.001 usd and so on, at least I have never seen such thing, bitcoin suits dice the most. On another hand anonymity is the most serious factor too, some people may have problem in jobs if they have any gambling history so with bitcoin casinos you protect your privacy and sometimes your win may rise or fall because of so changeable price.
Yes, I don’t think there’s any fiat casino that offers such amount to gamble. Fiat casinos are usually more expensive. Cryptocurrency gambling gives opportunity to everyone to be a partaker and the anonymity it gives is the reason many would always choose crypto gambling over fiat. I can’t even imagine myself involving in Fiat gambling but for cryptocurrency gambling, I think I e would really enjoy that.

I think majority of people who play fiat gambling now are either not aware of cryptocurrency gambling or do not know how to go about it yet.
That must be a valid point. I have seen many people got into cryptos just for the reason of gambling (also many gamblers have shared only after cryptos they had turned as gamblers). When considering the advantages of gambling with cryptos, I am afraid in near future itself there will not be any more fiat based gambling as everyone will switch over to the "most comfortable" one.
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March 11, 2019, 07:25:25 AM
 #80

Fiat casinos are actually regulated and you won't get some shady off shore website witholding your funds because you didn't pass a background check.  It seems like none of these crypto services even offer anonymity and transactions are actually slower than fiat services.  Whats even the benefit of using crypto to gamblefor you guys?

Assuming that when you gamble using resources OTHER than fiat, you are gambling online, let me provide you a list on why most people prefer using cryptocurrencies/digital cash:

  • 1. Gambling online provides convenience to the user as it eliminates the need to visit casinos;
  • 2. Gambling online provides anonymity to the user if they preferred to be unknown;
  • 3. You have the option to choose which resource you can gamble, thus making it versatile;
  • 4. It is relatively safer to gamble on your home; and
  • 5. It can actually help someone to control/limit their spending if they are gambling using cryptocurrencies (as they are scarce).

I hope this answers your question as I already summarized some of the reasons on why I think people gamble cryptocurrencies than fiat.

R


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