Gambling with Fiat or Crypto?

[maydna]

I prefer to use crypto to gamble than using fiat because I cannot find a gambling place here, so when I knew about crypto, and I saw that there a crypto gambling site, I tried to play using bitcoin first. But after I knew and have Dogecoin, I choose Dogecoin to play gamble because I see and calculate that it's cheaper if I use Dogecoin to gamble than to use bitcoin. Besides that, the Dogecoin will arrive fast than bitcoin, and the transaction fee is not too big compared with bitcoin.

And even though there is a gambling place here, I still using crypto and playing gambling online because I don't want my government to track me down and investigate me. Gambling with fiat and crypto will have advantages and disadvantages, and that will depend on the gambler itself, which coin that will he choose to gamble.

[1714854045]

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[1714854045]

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[Oasisman]

Volatility is not gonna be a problem when you use stable coins.
The two most basic reasons why gamblers in crypto space chooses crypto over fiat is because of It's complete anonymity while placing bets and avoid excessively taxed after you won. These are also the reason why the mainstream local wallet in my country are very strict with huge amount of deposited crypto in your wallet. They are making phone interviews to account holders who made huge deposits and withdrawals in their wallet, and If you happen to mention about gambling, your account will be limited the amount of deposits and withdrawals.

Anyway, I've seen discussions closely related to this topic and I'm not sure If I have participated on those discussions, but you guys can find different kinds of suggestions and answers from members.

Here its is:

https://bitcointalk.org/index.php?topic=5176651.0

https://bitcointalk.org/index.php?topic=5100084.0

[alexsandria]

What's best for gambling online? Crypto or Fiat? As for me, I'd rather go full crypto than Fiat for many obvious reasons. Crypto may be extremely volatile, but it's anonymous (depending on the coin) and censorship-resistant. Fiat may bring convenience to people that are not tech-savvy enough to understand crypto, but it can easily be traced by worldwide governments.

Crypto enables online casinos to perform their operations in a somewhat anonymous fashion. Both the gambler and the owner benefits from this. But I understand that crypto is still not accepted at physical casinos. In this regard, Fiat is the winner.

Nonetheless, what are your thoughts?

They are both good. However, if you want to remain constant what I mean the expenses and the gains are all at the same line you'll be good o using fiats in your game. In addition, casinos are legal there maybe an illegal but the issues are maybe on the permit stuff and requirements but mostly are legal. Going back, if you want an extreme challenge with your expenses and gains what I mean is that the changes that crypto has that direclty affect your expenses and gains, then, you'll be good with crypto. But they are both good.

[Hypnosis00]

In my opinion better to try or use all to learn different things in life then if this brings so much convenience to you so example of that

Here in crypto better i think to use cryptocurrency because you can use also this for holding or investing like double purpose then
if fiat i think we can use this also like cryptocurrency in online world if you want stable price then for me i use this more on real life

Not because we are in crypto we should have to use crypto either, cause the reality many gamblers are still using fiat over crypto.

In some consideration that we are using crypto gambling sites, nothing to do but to spend crypto out there but more gamblings which are not. Since for now, we have those options either fiat or crypto, can't leave the fact that many gamblers will still consider fiat to use. And for me, I'd used them both.

[Ararbermas]

Actually fiat and crypto is both good when it comes gambling.  But for me i always prefer to used crypto because through the volatility I'm able to gain some profits unlike fiat.and in our country if you use fiat through online it's not easy and you need more applications and you need to used your identity not the same with crypto which is through any crypto wallet you can withdraw and deposit anytime without hassle.

[Landak]

I prefer to gamble using crypto, actually gambling in my country is illegal and can be ensnared by the law. more dangerous if gambling using Fiat because the flow of money transactions directly from the gambling place and into our account (ATM), the transaction is monitored by the bank and the government. different from crypto, which is anonymous so in my opinion it is safer, the proof is that until now I have never been entangled law when gamble using crypto.

[BitcoinsGreat]

What's best for gambling online? Crypto or Fiat? As for me, I'd rather go full crypto than Fiat for many obvious reasons. Crypto may be extremely volatile, but it's anonymous (depending on the coin) and censorship-resistant. Fiat may bring convenience to people that are not tech-savvy enough to understand crypto, but it can easily be traced by worldwide governments.

Crypto enables online casinos to perform their operations in a somewhat anonymous fashion. Both the gambler and the owner benefits from this. But I understand that crypto is still not accepted at physical casinos. In this regard, Fiat is the winner.

Nonetheless, what are your thoughts?

It depends upon the place you are gambling. If you are gambling online then the best way is to gamble with the crypto money. But if you are going in a physical casino, then it is better to play with fiat. Also most physical casino does not offer you to play with crypto so the options are limited if you are at casino in your town.

[acroman08]

What's best for gambling online? Crypto or Fiat? As for me, I'd rather go full crypto than Fiat for many obvious reasons. Crypto may be extremely volatile, but it's anonymous (depending on the coin) and censorship-resistant. Fiat may bring convenience to people that are not tech-savvy enough to understand crypto, but it can easily be traced by worldwide governments.

Crypto enables online casinos to perform their operations in a somewhat anonymous fashion. Both the gambler and the owner benefits from this. But I understand that crypto is still not accepted at physical casinos. In this regard, Fiat is the winner.

Nonetheless, what are your thoughts?

It doesn't really matter if crypto is not accepted in an offline casino, cryptocurrency is relatively new compared to fiat and it not being accepted in
an offline casino is understandable and cannot be considered as lost for cryptocurrency. it is also obvious that with all this online gambling site that
accepts cryptocurrency, fiat will still dominate the gambling market more than cryptocurrency since fiat exists longer and known and accepted by everyone.
both of the currencies have advantages. I'd rather use fiat in an online local casino and cryptocurrency in an offshore online casino because there are
gambling games that aren't available/restricted in our local online casino.

[TheUltraElite]

In this context I would also like to point out that some recent sites like Roobet and TrueFlip allows fiat to be deposited. Traditionally crypto based gambling sites which are having a service ANN in this forum do not take fiat deposits but I guess these sites have found a way to use them to pay their providers or their games.

Obviously the use of crypto is recommended for its privacy and "anonymity". Using fiat in countries where gambling is prohibited will attract unwanted attention of the law enforcement and whales who are gambling big stashes of coins would not prefer to use them.

Although I would like to see an analytic from the aforementioned sites about the distribution of funds on the basis of crypto VS fiat and deposit VS withdrawal.

[ralle14]

Here in crypto better i think to use cryptocurrency because you can use also this for holding or investing like double purpose then
if fiat i think we can use this also like cryptocurrency in online world if you want stable price then for me i use this more on real life

The investment part in cryptocurrencies or volatility while you're gambling with it is more like a double edge sword it could be good or bad depending on when you'll sell them on the exchanges. It's not always better since the value could go down at any given time an example is the regression that happened last year. But there are many people like us who would rather take the losses to avoid the inconveniences you'd get from online fiat casinos.

[Ailmand]

Each gambler has its own preferences some likes crypto due to its convenience and its anonymity. There are gamblers who are not techy and prefer traditional gambling. I sometimes like to play online gambling and sometimes get bored with it easily, and prefer playing with my friends. Another thing, there are certain games that fiat gamblers cannot play if they use cryptocurrency, likewise with fiat gambling.

[jrrsparkles]

What's best for gambling online? Crypto or Fiat? As for me, I'd rather go full crypto than Fiat for many obvious reasons. Crypto may be extremely volatile, but it's anonymous (depending on the coin) and censorship-resistant. Fiat may bring convenience to people that are not tech-savvy enough to understand crypto, but it can easily be traced by worldwide governments.

Crypto enables online casinos to perform their operations in a somewhat anonymous fashion. Both the gambler and the owner benefits from this. But I understand that crypto is still not accepted at physical casinos. In this regard, Fiat is the winner.

Nonetheless, what are your thoughts?

When we are interested in gambling online the cryptos are perfect choice not only for anonymity also for easy withdrawal compared to fiat which takes time to get receive after the tax amount deducted from total rewards.But in cryptos we can get the rewards all for us,no share to governments.

Its not accepted in physical casino worldwide due to government restrictions but from this we can't assume fiat is the winner,maybe for now but future is dependent with online so cryptos will pick the spot.

[Genemind]

Well, as for me, I will always choose to gamble with crypto especially when I'm using any crypto gambling platform. First, it's compatible to use crypto in online gambling. Next, my gains could be profitable when the market situation gets better. Also, there are lots of potential altcoins which are good for gambling and hold it later on when we reach our target goal.

[AbuBhakar]

Well, as for me, I will always choose to gamble with crypto especially when I'm using any crypto gambling platform. First, it's compatible to use crypto in online gambling. Next, my gains could be profitable when the market situation gets better. Also, there are lots of potential altcoins which are good for gambling and hold it later on when we reach our target goal.

Transactions transferring fiat in online gambling were too risky as we need to connect some our bank accounts or paypal and those who accepted this method may not be legit same with using cash in physical casinos as it dangerous to hold cash, so I'll choose crypto too. Less risk as it's easy to deposit crypto depending on what alt which preferred that can cause us for small transaction fees.

[noormcs5]

Well, as for me, I will always choose to gamble with crypto especially when I'm using any crypto gambling platform. First, it's compatible to use crypto in online gambling. Next, my gains could be profitable when the market situation gets better. Also, there are lots of potential altcoins which are good for gambling and hold it later on when we reach our target goal.

I also prefer gambling with bitcoins and crypto. The only thing which make me to avoid using fiat online is that i feel it is not secure to give our credit card information online. Since the introduction of bitcoins, the hassle of using / registering credit card online is gone and one can free play gambling with crypto currencies.

[AakZaki]

What's best for gambling online? Crypto or Fiat? As for me, I'd rather go full crypto than Fiat for many obvious reasons. Crypto may be extremely volatile, but it's anonymous (depending on the coin) and censorship-resistant. Fiat may bring convenience to people that are not tech-savvy enough to understand crypto, but it can easily be traced by worldwide governments.

Crypto enables online casinos to perform their operations in a somewhat anonymous fashion. Both the gambler and the owner benefits from this. But I understand that crypto is still not accepted at physical casinos. In this regard, Fiat is the winner.

Nonetheless, what are your thoughts?

I also prefer to use Crypto when playing gambling, because besides my work in the field of Crypto I always set aside a portion of funds for just gambling entertainment.

With the development of the Digital World I am sure that one day the physical casino can receive payments using Crypto, for the convenience of prospective gambling players, if they do not hold cash.

[CodyAlfaridzi]

What's best for gambling online? Crypto or Fiat? As for me, I'd rather go full crypto than Fiat for many obvious reasons. Crypto may be extremely volatile, but it's anonymous (depending on the coin) and censorship-resistant. Fiat may bring convenience to people that are not tech-savvy enough to understand crypto, but it can easily be traced by worldwide governments.

Crypto enables online casinos to perform their operations in a somewhat anonymous fashion. Both the gambler and the owner benefits from this. But I understand that crypto is still not accepted at physical casinos. In this regard, Fiat is the winner.

Nonetheless, what are your thoughts?

For me, it's full crypto because gambling is illegal here lol so no way I'm risking linking my bank account with illegal gambling site. Crypto is simply more convenient because most crypto casino/sportsbook don't ask for KYC, you can simply register, deposit, and gamble. I also never been to a physical casino, can't really compare the experience about online and offline gambling.

[Inkdatar]

I stopped gambling but still I would always prefer to gamble with crypto over fiat, don't see any reason to go through fiat hassle.

Good thing you stop gambling, I'm in the situation also of not playing gambling. I will choose to gamble with crypto because of anonymity than fiat and not hassle in terms of deposit and withdrawal. We have options at what do we prefer when it comes to gambling as long you are at ease to do it and can give you entertainment.

[Japinat]

What's best for gambling online? Crypto or Fiat?

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.

[bhabygrim]

I like to gamble with crypto more than Fiat I like to stay at home rather than go out hang out with friends or whatever.
So I find it more efficient for me to gamble in crypto since I could do it at home rather than gambling with Fiat where I need to finds some place to gamble or find a person who would bet against me.