Gambling with Fiat or Crypto?

[suvo05]

If you are betting from my country then you need to choose crypto over Fiat. In actuality, gambling is not permitted in our country. But gov doe not used to regulate the online gambling websites, especially a websites where we can play with crypto.

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[Abiky]

Please name a view because lately, I see that FIAT is better to gamble with because cryptocurrencies have very high volatility.

During deeps, I rather like to play with FIAT than cheap, underpriced crypto.

When BTC is on ATH then I like to spend it of course but when is under 10K per BTC I rather choose FIAT. When we add KYC/AML really I don't see any advantages left for crypto casinos.

The only benefit Fiat has in relation to crypto is the stable prices. Other than that, crypto wins by a long shot. With crypto, you'll be able to gamble at online gambling sites in a completely (almost) anonymous way. Of course, this applies mostly to decentralized gambling sites which rely on the blockchain instead of a central operator. Most centralized gambling sites that accept crypto have started requiring ID verification from its players. This totally defeats the purpose of crypto which was meant to be free from middleman or other third parties. That's why you'll be able to obtain the most benefits in a decentralized gambling site with the power of crypto.

Other benefits of crypto includes micropayments (not possible with Fiat since it's not highly divisible), cheaper fees, and faster transaction processing times. When you gamble with crypto, you can deposit/withdraw almost instantly (depending on the cryptocurrency). You can also place bets smaller than $0.01 with crypto than doing so with Fiat. The advantages are numerous except for the fact that crypto prices are volatile. If it wasn't for that, many casinos and online gambling sites would've adopted crypto massively by now.

Nonetheless, people will always have a choice whenever they'd want to gamble with Fiat or crypto. But we cannot deny the fact, that most casinos rely on Fiat than crypto just because the former is much more stable in price than the latter. Just my opinion

[bassbity]

We gambling there are 2 online and real tradional. I often play gambling online and that's what I often do, but in gambling, I prefer to use crypto than fiat because crypto is easier to withdrawal and deposit, but fiat in my area is difficult when depositing. so there I prefer crypto even though the price is often fluctuating for me it doesn't matter that gambling is my pleasure.
Playing gambling at the table is not my pleasure because I always lose whether what happens to myself when playing real gambling always loses only a few wins. hmm

In my area, we can send/deposit some money through their bank account, and they give credit to our account so we can start to gamble. I don't want to use that way since I need to spend that money. Besides that, I think my banks will be suspicious if I do that because they prohibit their members from sending any money for unknown transactions, and they will investigate both accounts.

Sometimes there I have a little trouble not being able to send money or deposit to a gambling account because the bank is always suspicious of what I'm doing and I've also been frozen my ATM in a few weeks because of unknown transactions.
I prefer to buy crypto first from someone and then I can deposit via crypto safely and quickly there I can gamble after what I want right.
So gambling in crypto is a favorite

[bassbity]

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Lol, you repeat again that fiat is real money. Or you probably mean physical fiat... physical =real?
 Guess you don't gamble online with your local virtual fiat currency or you don't really gamble on local gambling sites.  I kind of understand your point though.

Hahaha, I hope now I make it right

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For us who earn crypto in online or in this forum to be specific, we might not value our crypto that much compared to the fiat that we earned through our day job as what we are earning here can be considered as extra income or maybe appropriate to call it as reward and with that reward its just right to enjoy it and gambling is one of them.

Personally I feel what michellee has stated, I am less worried to loss my crypto compared to the depositing fiat to a gambling site.

Thank you for explaining what I mean.

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We gambling there are 2 online and real tradional. I often play gambling online and that's what I often do, but in gambling, I prefer to use crypto than fiat because crypto is easier to withdrawal and deposit, but fiat in my area is difficult when depositing. so there I prefer crypto even though the price is often fluctuating for me it doesn't matter that gambling is my pleasure.
Playing gambling at the table is not my pleasure because I always lose whether what happens to myself when playing real gambling always loses only a few wins. hmm

In my area, we can send/deposit some money through their bank account, and they give credit to our account so we can start to gamble. I don't want to use that way since I need to spend that money. Besides that, I think my banks will be suspicious if I do that because they prohibit their members from sending any money for unknown transactions, and they will investigate both accounts.

Sometimes there I have a little trouble not being able to send money or deposit to a gambling account because the bank is always suspicious of what I'm doing and I've also been frozen my ATM in a few weeks because of unknown transactions.
I prefer to buy crypto first from someone and then I can deposit via crypto safely and quickly there I can gamble after what I want right.
So gambling in crypto is a favorite

[michellee]

We gambling there are 2 online and real tradional. I often play gambling online and that's what I often do, but in gambling, I prefer to use crypto than fiat because crypto is easier to withdrawal and deposit, but fiat in my area is difficult when depositing. so there I prefer crypto even though the price is often fluctuating for me it doesn't matter that gambling is my pleasure.
Playing gambling at the table is not my pleasure because I always lose whether what happens to myself when playing real gambling always loses only a few wins. hmm

In my area, we can send/deposit some money through their bank account, and they give credit to our account so we can start to gamble. I don't want to use that way since I need to spend that money. Besides that, I think my banks will be suspicious if I do that because they prohibit their members from sending any money for unknown transactions, and they will investigate both accounts.

Be careful if you use your bank account to send the money for gamble because the banks can do anything to our account and they can freeze our account in anytime. You should avoid that way if you want to gamble and you can choose to gamble using crypto. I am sure that you will get another experience in gambling and you will be like to stay in the crypto gambling games

[iamsheikhadil]

If you are betting from my country then you need to choose crypto over Fiat. In actuality, gambling is not permitted in our country. But gov doe not used to regulate the online gambling websites, especially a websites where we can play with crypto.

Kind of same thing here along with restrictions on even fiat gambling but the thing is everything is verbal and not really any one follows the rules, the government knows very well that gambling is something which can't be just stopped by making it illegal lmao. Gambling is deeply connected to life itself only.

[lienfaye]

If you are betting from my country then you need to choose crypto over Fiat. In actuality, gambling is not permitted in our country. But gov doe not used to regulate the online gambling websites, especially a websites where we can play with crypto.

Kind of same thing here along with restrictions on even fiat gambling but the thing is everything is verbal and not really any one follows the rules, the government knows very well that gambling is something which can't be just stopped by making it illegal lmao. Gambling is deeply connected to life itself only.

Just like what you two have said gambling is restricted here as well and you cant expose your gambling activity if you dont want to pay the penalty for playing gambling (restrictions are only implemented in our town city). But some games are permitted like lotteries and other classic gambling games everytime there's a fiesta in other town. I prefer to gamble using fiat but because its not permitted and to be safe it would be better to gamble online using crypto particularly btc.

[TheUltraElite]

Be careful if you use your bank account to send the money for gamble because the banks can do anything to our account and they can freeze our account in anytime.

You really dont want to use your bank account to send money for casinos specially if your country has prohibited gambling. If you local laws are good with it then do it at your own risk. Often Income Tax officials snoop on whales and attempt to extort money from them to keep their record clean.

You should avoid that way if you want to gamble and you can choose to gamble using crypto. I am sure that you will get another experience in gambling and you will be like to stay in the crypto gambling games

Of course crypto is much more safer than using fiat. The reason why crypto based gambling is popular is just this. Bitcoin is censorship resistant somewhat anonymous currency to use and still remain to some extent non-traceable with your spending.

The answer to OP's question is obviously crypto but fiat casinos exist just for the sake of the ambience.

[youdacapt]

for security reasons I chose crypto, I have a friend who deals with the police because it can be tracked from their bank, something that worries me. On the crypto gambling platform there is also a dividend project, so I can temporarily lock in for better profits, and it's also good to minimize my desire to do wd.

[michellee]

You really dont want to use your bank account to send money for casinos specially if your country has prohibited gambling. If you local laws are good with it then do it at your own risk. Often Income Tax officials snoop on whales and attempt to extort money from them to keep their record clean.

Yep, although my local laws are good, I don't want to send money for casinos, but maybe I can use my friend's bank account to send that money to the gambling place. I heard that in some countries, the Income Tax officials snoop on whales, and they ask for the security money to the whales so they can be saved for doing anything they want.

Of course crypto is much more safer than using fiat. The reason why crypto based gambling is popular is just this. Bitcoin is censorship resistant somewhat anonymous currency to use and still remain to some extent non-traceable with your spending.

The answer to OP's question is obviously crypto but fiat casinos exist just for the sake of the ambience.

In a country that gambling is prohibited, the casino will exist in secret and only people who invited or knows with the old gamblers that will come to that casino. They don't invite people who they don't know because they don't want their government to know about what they did in those places.

[HatakeKakashi]

It depends to the person what they think is the best to use in gambling is either crypto or fiat but for me what ever we used as long as we win in our playing that is good . But for sure after we play gambling using crypto once we win for sure we will convert to fiat. But for me I wsnt to play gambling by using cryptocurrency because Im big fan of cryptocurrency and it's look like we use chips and then after we play we convert into our fiat which is the money. Im not suprised if most players choose crypto because obviously we are are in crypto community.

[huige007]

It depends to the person what they think is the best to use in gambling is either crypto or fiat but for me what ever we used as long as we win in our playing that is good . But for sure after we play gambling using crypto once we win for sure we will convert to fiat. But for me I wsnt to play gambling by using cryptocurrency because Im big fan of cryptocurrency and it's look like we use chips and then after we play we convert into our fiat which is the money. Im not suprised if most players choose crypto because obviously we are are in crypto community.

The choice of crypto or fiat depends on many factors such as the availability of land casinos and good security in them. In most of the states where land casinos are banned by state, people go for online gambling which is mostly played with the help of cryptocurrencies. Indeed it is not surprising to see people gambling with cryptocurrencies because they simply want to earn digital currencies easily.

[Maotezi]

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've only played it once a casino with Fiat money.
I'm more for the variant of gambling in online casinos and giving real money.
There is no better way to gamble than to gamble online in crypto money.
At home in your home, without the dangers and other factors of the outside world, transactions are faster, "Money is faster in your wallet than out of your wallet."
And more interesting is crypto gambling than fiat, in my opinion.

[Capt00]

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I've only played it once a casino with Fiat money.
I'm more for the variant of gambling in online casinos and giving real money.
There is no better way to gamble than to gamble online in crypto money.
At home in your home, without the dangers and other factors of the outside world, transactions are faster, "Money is faster in your wallet than out of your wallet."
And more interesting is crypto gambling than fiat, in my opinion.

For this wide growth of online gambling and much-appreciated crypto gambling, we can't decline some instances that more gamblers will be now in online gambling. Definitely, we could find an easy and fast transfer transaction when we are using crypto and this is how gamblers are often to choose rather than to stick used of fiat (not unless if we are just gambling in offline casinos).

[ethereumhunter]

For this wide growth of online gambling and much-appreciated crypto gambling, we can't decline some instances that more gamblers will be now in online gambling. Definitely, we could find an easy and fast transfer transaction when we are using crypto and this is how gamblers are often to choose rather than to stick used of fiat (not unless if we are just gambling in offline casinos).

That is what people did if they use crypto for playing gambling because, with crypto, they have an easy way to send any popular coins to the gambling site so they can start to gamble. We are now in the era of the internet, and everything has transformed into the digital, including the gambling industry. The gambling industry is trying to run globally, and now, with the crypto, the gambling industry can reach many people to come to their site.

[CryptoVzla]

i would like to gambling with crypto, because your earning can change anytime if the crypto going up,
so my favourite betting is bitcoin ofcourse

[henmark]

I depend on the situation, if I do online gambling I use crypto which in my opinion is simpler and easier when betting online gambling.
and if I do traditional or real gambling I use fiat to bet, and I usually play card gambling with fiat bets on the table.

Gambling with bitcoins is easy for withdrawals and deposits because no verification are required on bitcoins based casinos and sportsbooks but at the same time we have to admit the fact that the crypto casinos are not so popular and don't offer the same range of betting odds and games as some of the big ambling websites like bet365 provides.

Personally as more and more crypto gambling websites are coming into the market, they establish too like directbet did and now sportsbet seems to be the best one but I might be mistaken.

[Janation]

i would like to gambling with crypto, because your earning can change anytime if the crypto going up,
so my favourite betting is bitcoin ofcourse

That is not always the case.

You know how volatile Bitcoin and cryptocurrencies right? And you are gambling too so you are not just risking your cryptos in gambling but also you are dealing with its volatility. I am not saying that cryptocurrencies are the worst to use in online casinos but it is that you should know that you are risking your cryptocurrencies in gambling, and always remember that you are gambling so losing them is not that far.

[michellee]

i would like to gambling with crypto, because your earning can change anytime if the crypto going up,
so my favourite betting is bitcoin ofcourse

You need to be careful if you use bitcoin because of the price, although it is not too high right now, it will still make us sad if somehow we are loose. But if you use altcoin to gamble, I don't think that the loss will make you sad because the value is not too high, depending on bitcoin. So I guess you can compare from using bitcoin and altcoin, and you will see which will be a good option for you to gamble. I prefer to keep my bitcoin in a wallet and don't use it for playing gambling because I want to wait for the bitcoin price increase, so when I sell my bitcoin, I will make a lot of money.

[Landak]

i would like to gambling with crypto, because your earning can change anytime if the crypto going up,
so my favourite betting is bitcoin ofcourse

I also like to gamble using crypto because there are already many gambling places supporting various crypto (cheap ones), even though we only have a small capital we can still bet differently if we use fiat it must have a lot of capital (my experience). and the advantages of crypto, it's true that the price can change at any time, if the price goes up, surely we can benefit many times over. get profit from betting and get more profit from the price of crypto that goes up.