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Author Topic: Gambling with Fiat or Crypto?  (Read 3046 times)
Questat
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November 19, 2019, 10:33:50 PM
 #121

Mostly, everybody is sharing the same crypto gambling journey here on how it all started and how it went.

I agree as I have not seen anyone here promoting his fiat gambling sites, maybe some of us have tried fiat gambling but I'm pretty sure we share that same experience telling that crypto gambling is better than fiat gambling.

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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November 19, 2019, 11:16:13 PM
 #122

Mostly, everybody is sharing the same crypto gambling journey here on how it all started and how it went.

I agree as I have not seen anyone here promoting his fiat gambling sites, maybe some of us have tried fiat gambling but I'm pretty sure we share that same experience telling that crypto gambling is better than fiat gambling.
We can tell it was better cause we are in the internet era and most likely more gamblers are preferred to play online gambling rather than offline casinos. We are already in the advancement of technology, it is good also to maximize the use of our crypto. And these gambling innovations will lead us to a better gambling experience and in our very comfortable zone.
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November 19, 2019, 11:24:30 PM
 #123

Mostly, everybody is sharing the same crypto gambling journey here on how it all started and how it went.

I agree as I have not seen anyone here promoting his fiat gambling sites, maybe some of us have tried fiat gambling but I'm pretty sure we share that same experience telling that crypto gambling is better than fiat gambling.
The community here is much dedicated to cryptocurrency usage and associated services. This is the reason to find more and more crypto based promotions getting importance than fiat based services. In simple there will be people who are interested and finds convenient with fiat usage, but for some reason they don't reveal it.

From my personal experience I find cryptocurrency into gambling as the big thing that has made gambling easy accessible and increased the trust. Because, there will be instant settlement on winning which won't be that precise as cryptocurrency in fiat.
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November 19, 2019, 11:47:15 PM
 #124

Mostly, everybody is sharing the same crypto gambling journey here on how it all started and how it went.

I agree as I have not seen anyone here promoting his fiat gambling sites, maybe some of us have tried fiat gambling but I'm pretty sure we share that same experience telling that crypto gambling is better than fiat gambling.
We can tell it was better cause we are in the internet era and most likely more gamblers are preferred to play online gambling rather than offline casinos. We are already in the advancement of technology, it is good also to maximize the use of our crypto. And these gambling innovations will lead us to a better gambling experience and in our very comfortable zone.
Majority of high rollers are still using offline casinos for a reason. Some of themd doesn't feel the enjoyment in gambling online but there are plenty of people who prefer to gamble online for the sake of convenience and anonimity. We can really say that online gambling is the furure way to gamble but we can't deny the fact that offline casino still gives more enjoyment since we experience it personally. On the other hand, both of them are useful depending on the person's availability and satisfaction.
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November 20, 2019, 02:48:12 AM
 #125

Gambling with fiat is hard forbiden in my country  Grin
if I play with crypto I feel relieved I won't end up in prison , and I feel comfortable when playing with crypto because it is not related to bank accounts that are personal data

So that makes us gambling using crypto. That happens too in my country. I glad to see that I can gamble using crypto. Although I am not a heavy gambler with using big money, using crypto can help me to prevent from using my money because I don't want to see losing in fiat. The other reason why we use crypto to play gambling is we can use the different coin for gamble so we can choose any coin which is not too expensive to gamble.

Yups agreed dude
even if I use crypto to gamble I feel a different sensation, I like not having the burden of losing my money and just playing for fun.  and even I can get more profits than gambling using fiat

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November 20, 2019, 06:19:51 AM
 #126

Anyone who gambles online knows that cryptocurrencies are better and easier to use. Easy and fast deposits, same as withdrawals, there are no bothering about KYC, cards, documents, and many other things that drives us crazy!
When I started with online gambling it was a pain in the ass for me to deposit and withdraw money, with cryptocurrencies everything was so easy and simple. I will never return to fiat online gambling!
You're right about the convenience part and the fast withdraw part to be one of the basic reasons why most gamblers like crypto gambling sites but the last I checked there are still some crypto gambling sites that also bothered their site users with the KYC procedure sometimes when the players are winning.

There are, that's true, but we don't need to use them. There are good casinos that don't ask for KYC, with any cryptocurrency. Those casinos that ask for KYC are probably registered in some countries that have strong gambling regulations, it's their obligation to apply KYC if they wish to have a legitimate business.
Exactly some casinos ask for KYC that's why most of the gamblers avoid spending their money in an online casino. People use to play with fiat as for this they will not worry about providing your KYC mostly newly joined gamblers feel hesitation to gamble with crypto. I like both but with fiat, I feel more comfortable as in crypto people are so clever to scam you.
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November 20, 2019, 06:57:38 AM
 #127

Exactly some casinos ask for KYC that's why most of the gamblers avoid spending their money in an online casino.
That's not the reason  why, its really normal to see some  casinos asking for KYC but then there are also casinos that don't require KYC

its the gamblers choice here, they can gamble at any casinos that they feel comfortable wit.

People use to play with fiat as for this they will not worry about providing your KYC mostly newly joined gamblers feel hesitation to gamble with crypto. I like both but with fiat, I feel more comfortable as in crypto people are so clever to scam you.
What I know is that fiat casinos usually requires KYC as they are regulated and the fact that you are funding your balance from you bank or any online processor, that alone can create some trail on whom the money is coming from, which in crypto its not easy to trace as transactions can be anonymous.

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November 20, 2019, 07:18:15 AM
 #128


id go for both .  why ? because im playing a gambling where crypto is not yet accepted  . there are unique games here and cool features where i cannot find on a crypto based gambling that we currently have these days  .  on the other hand i also use a crypto and i play gambling using it as bets .  both medium are good have thier advantages so i cant say if what medium are best in terms of gambling
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November 20, 2019, 08:15:06 AM
 #129

Fiat is definitely more convenient for people mostly to due to the huge numbers of products and services that accept fiat currencies.
But I would prefer Cryptocurrency and probably physical fiat currency for physical casinos, for the benefit of anonymity and censorship-resistant.

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November 20, 2019, 04:44:25 PM
 #130

i believe that the number of gambling sites that uses crypto are so much more when compare to the gambling site that uses a fiat  . people that play on fiat gambling sites may find thier selve's swithcing on these gambling site that uses a crypto  and of course that include's me    . after i tried gambling on crypto based gambling site , i experienced to get hook on the game because i can easily deposit and withdrew which i dont experience on the gambling site that i used before which only accept fiat because they ask kyc and so many verfications which is a hassel to me  .
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November 20, 2019, 05:33:37 PM
 #131

Mostly, everybody is sharing the same crypto gambling journey here on how it all started and how it went.

I agree as I have not seen anyone here promoting his fiat gambling sites, maybe some of us have tried fiat gambling but I'm pretty sure we share that same experience telling that crypto gambling is better than fiat gambling.

It all depends just a case say I play with btc and lost in gambling worth 0.1 and today it may be worth around 820$ and say in future btc rises to 1200$ for 0.1 then you lose this opportunity as well of making money . So should be clever to use it .

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November 20, 2019, 05:42:23 PM
 #132

Fiat is definitely more convenient for people mostly to due to the huge numbers of products and services that accept fiat currencies.
But I would prefer Cryptocurrency and probably physical fiat currency for physical casinos, for the benefit of anonymity and censorship-resistant.
Well, it depends on what people like. Both currencies are useful I guess, and it doesn't matter if that is digital or physical. You can't probably the digital in live casino nor maybe fiat you can use in an online gambling casino. But as of now, there are numerous numbers of gambling sites growing like a mushroom because of cryptocurrencies that easy to use in gambling and fast transaction. So, there is a chance that digital currencies will lead as a huge number of users in gambling and I prefer into it.









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November 20, 2019, 08:48:55 PM
 #133

I did gamble use crypto more than fiat gamble and i do not have any plan to switch my habit because crypto gambling offering gamble can do everywhere even without leaving my room i still can gamble but indeed with gamble use crypto we can't meet our opponents while gamble but it doesn't matter for me and one of my main reasons to gambling use crypto because i couldn't find land based casino in my country
Depending on your nature, crypto gambling is the right thing for you. If staying alone, making bets and enjoying outcomes is you style, then you must be glad to have digital currencies around. The most amazing thing about this is the winning are not merely winnings but an investment in themselves. If you gamble with bitcoin, then no doubt your winning will increase in their worth over time.

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November 20, 2019, 10:21:01 PM
 #134

Mostly, everybody is sharing the same crypto gambling journey here on how it all started and how it went.

I agree as I have not seen anyone here promoting his fiat gambling sites, maybe some of us have tried fiat gambling but I'm pretty sure we share that same experience telling that crypto gambling is better than fiat gambling.
Everyone can testify the difference of local gambling to crypto gambling and I think most of the experiences here are great. There are obviously bad experiences but it's part of our journey.

But today, we can say that it's really convenient to gamble at home and with crypto. No need to verify yourself and get into KYC unless the casino you're playing asks you to.

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November 21, 2019, 01:45:07 PM
 #135

If someone is being an online gambler then crypto will be the best choice for him,easy cashout and better sites compared to online fiat gambling sites but when we go to the physical casino then there will be some issues on spending the crypto or people don't want to reveal they are related to cryptos.

I am sure he will like crypto as the payment because, with crypto, he doesn't have to worry about sending his coin to the gambling site. Besides that, he will see that when he deposited the coin to his account in the gambling site will be arriving in less than one hour. That person can feel free to play without using his real name because many gambling sites can hide personal identity without sending any document.

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November 21, 2019, 03:50:19 PM
 #136

If someone is being an online gambler then crypto will be the best choice for him,easy cashout and better sites compared to online fiat gambling sites but when we go to the physical casino then there will be some issues on spending the crypto or people don't want to reveal they are related to cryptos.

I am sure he will like crypto as the payment because, with crypto, he doesn't have to worry about sending his coin to the gambling site. Besides that, he will see that when he deposited the coin to his account in the gambling site will be arriving in less than one hour. That person can feel free to play without using his real name because many gambling sites can hide personal identity without sending any document.

I'm not even sure that people who play in physical casinos will like crypto to gamble there. And in my opinion the physical casino can't be compared to the online casino system because it's clearly different. But crypto gambling sites are still superior here compared to fiat gambling sites.

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November 21, 2019, 03:55:14 PM
 #137

My answer is obviously crypto because I only gamble a lot when I know that I can use crypto when gambling.
I tried fiat gambling but there are strict requirements on reputable gambling sites but with crypto, you don't need to comply with the KYC and you also don't need to comply with the high minimum deposit as here you can do it even at $10 value or even less.

I would say that crypto provide convenient to small time gamblers and there we are talking of volume of gamblers because casinos cater small time gamblers and I am sure in the near future, crypto gambling will be the trend.

Agree. There's no need for KYC in online gambling sites which accept cryptocurrencies. That's a plus, since this way, governments will be unable to truly track the gambler in order to obtain tax from his/her earnings. Of course, we cannot discard the possibility of governments enforcing KYC/AML rules on crypto gambling sites as well, since they've already been successful doing so at centralized exchanges.

Despite this, I believe that crypto provides far more benefits than Fiat in the online gambling industry. With crypto, it's possible to send/receive micropayments providing a greater level of flexibility to both the gambler and the casino owner. The benefits are greater with fee-less cryptocurrencies like EOS, Steem, Nano, and IOTA. Once you start gambling with crypto, you experience a whole new level of possibilities that were not possible before with Fiat. It feels good to be anonymous using crypto when betting on an online gambling site. Even with Bitcoin's pseudonymous nature, it's possible to obtain anonymity via other means.

Nonetheless, with the many benefits crypto provides on top of Fiat, I believe that it'll transform the gambling industry for the better. Casino operators will find crypto attractive than Fiat itself because of its benefits. Eventually, we'll be able to see physical casinos accepting crypto by a large scale. At least, we'll have many options to choose from in the online world of gambling. Just my opinion Smiley

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November 21, 2019, 06:08:48 PM
 #138

I did gamble use crypto more than fiat gamble and i do not have any plan to switch my habit because crypto gambling offering gamble can do everywhere even without leaving my room i still can gamble but indeed with gamble use crypto we can't meet our opponents while gamble but it doesn't matter for me and one of my main reasons to gambling use crypto because i couldn't find land based casino in my country
Depending on your nature, crypto gambling is the right thing for you. If staying alone, making bets and enjoying outcomes is you style, then you must be glad to have digital currencies around. The most amazing thing about this is the winning are not merely winnings but an investment in themselves. If you gamble with bitcoin, then no doubt your winning will increase in their worth over time.
Yeah, this is your own choice as to if you feel comfortable with fiat then you can gamble with fiat and if you like to gamble with crypto then you can use crypto for gambling. For online we will need to have crypto like bitcoin etc and in the regular casino, I prefer using fiat as for them it’s reliable to use fiat instead of crypto so keep both in your pockets while gambling.
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November 21, 2019, 06:54:33 PM
 #139

~~~
If you want to maintain privacy, cryptocurrency is the right choice.
Crypto is anonymous, allowing users to maintain their privacy as gamblers. The use of cryptocurrency as a currency that can be used to bet will not make gamblers think about prices. But IMO, they only think about how to collect as much cryptocurrency as possible through betting.

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November 21, 2019, 10:35:03 PM
 #140

~~~
If you want to maintain privacy, cryptocurrency is the right choice.
Crypto is anonymous, allowing users to maintain their privacy as gamblers. The use of cryptocurrency as a currency that can be used to bet will not make gamblers think about prices. But IMO, they only think about how to collect as much cryptocurrency as possible through betting.

Or people use to think it's anonymous, but as soon as you try to exchange with fiat, you hit the KYC wall... then all your historic transactions are revealed.
Unless ofcourse you never exchange for fiat... that might be a viable option in the future if more stores start accepting BTC.
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