Gambling with Fiat or Crypto?

[Visbay]

When I knew Bitcoin, I started playing gambling. So I used this currency to play comfortably compared to Fiat money. I don't care what's going on with the Bitcoin price at least it's still worth. It's easier to use Bitcoin because making a deposit doesn't require a personal identity. As we know we have to provide a full name and bank account to deposit on gambling sites using fiat money. The most important thing for me is to remain anonymous.

So that the player of here wants to use crypto coins instead of fiat because  literally crypto is easy to use need only some step and you can play a gambling games anonymous . But mostly in the real world ppeople use fiat because it is tradition when also the gambling games is not using technology or the only play a gambling games traditional but both is useful.

Majority of the gamblers are using both types of currencies i.e. fiat and digital currencies depending upon the nature of the game and most probably upon the nature of the house. If the house is land casino, there are maximum chances they would demand from you paper money not even the plastic money would be acceptable. Online gambling aligns well with cryptocurrencies as they are easy to handle.

This has become a trend nowadays that people prefer to use bitcoins for gambling. Actually it is dependent upon the state you belong to .Some areas have relatively flexible legal systems and the people their do use paper money for exchange of money in gambling .But need of being anonymous is still a demand when you gamble. Hence using the cryptocurrencies is a solution to this problem.

Yeah, you really need to remain careful while gambling if the casino has a fiat gambling system they prefer gambling with fiat as it’s easy to exchange resources and if you want to use online gambling then you can move towards crypto. Anonymity is also needed for gambling for security as it’s good to stay anonymous in gambling online casino so the choice is all yours either you like crypto or fiat.

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[btc78]

After I learned Bitcoin, I started playing gambling. So I used this currency to play comfortably compared to Fiat money. I don't care what's going on with the Bitcoin price at least it's still worth. It's easier to use Bitcoin because making a deposit doesn't require a personal identity. As we know we have to provide a full name and bank account to deposit on gambling sites using fiat money. The most important thing for me is to remain anonymous

and that is why we are in cryptocurrency because we want respect in our privacy things that banks cannot offer so many of us turns into crypto gambling than fiat.

i can feel you because we have the same reason why we are enjoying the Crypto than regular money to spend in gambling online.

[ethereumhunter]

Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

No, I cannot hide from the government because they will be suspicious of my bank account, and they will investigate me, and ask me where the money comes. That could be true that the exchanges will apply verification to avoid the illegal use of the money, and they want to help the government to prevent the bad thing that can come later. At that time, we can get trouble if we don't follow their rules, and that will make us cannot withdraw the money.

[shoreno]

After I learned Bitcoin, I started playing gambling. So I used this currency to play comfortably compared to Fiat money. I don't care what's going on with the Bitcoin price at least it's still worth. It's easier to use Bitcoin because making a deposit doesn't require a personal identity. As we know we have to provide a full name and bank account to deposit on gambling sites using fiat money. The most important thing for me is to remain anonymous

and that is why we are in cryptocurrency because we want respect in our privacy things that banks cannot offer so many of us turns into crypto gambling than fiat.

i can feel you because we have the same reason why we are enjoying the Crypto than regular money to spend in gambling online.

for me i also enjoy using crypto but it does not come to my mind that i use crypto more than fiat because of the identity or privacy issues but because crypto is what i have  . i work online and they pay me crypto so why should i use fiat money when i already have a crypto ? besides i didnt have a fiat money at most times because i am a person that has alotof debts and alot of daily and monthly expenses to pay  . when i see a casino or a kind of gambling  offline i think i can play using fiat but only with small amounts compare to what i can spend using a crypto online .

[Questat]

Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

No, I cannot hide from the government because they will be suspicious of my bank account, and they will investigate me, and ask me where the money comes. That could be true that the exchanges will apply verification to avoid the illegal use of the money, and they want to help the government to prevent the bad thing that can come later. At that time, we can get trouble if we don't follow their rules, and that will make us cannot withdraw the money.

Then just give the government the right cut if they ask through "taxes"..we can always hide with our government if we are smart but most people can't so they easily get caught and if they don't have the knowledge to hide, they should just comply with the rules to avoid problem in the future.

let's just enjoy while there are still exchanges that don't require KYC.

[joshy23]

After I learned Bitcoin, I started playing gambling. So I used this currency to play comfortably compared to Fiat money. I don't care what's going on with the Bitcoin price at least it's still worth. It's easier to use Bitcoin because making a deposit doesn't require a personal identity. As we know we have to provide a full name and bank account to deposit on gambling sites using fiat money. The most important thing for me is to remain anonymous

and that is why we are in cryptocurrency because we want respect in our privacy things that banks cannot offer so many of us turns into crypto gambling than fiat.

i can feel you because we have the same reason why we are enjoying the Crypto than regular money to spend in gambling online.

Yes that's the first thing who attracts new bitcoin gamblers realizing that it's easy to send funds without any problem to provide your information
as you can just send your funds and play all the way. Enjoy your stay and not to worry that your true identity is needed.

[orange_marmalade]

I'm not familiar with the minimum amount of betting in fiat, but I know a crypto gambling platform where you can invest and play with the most minimum amount you can. i think this one lottoshi.io  just check.. haven't really deep dive into it

[LogitechMouse]

I have tried them both already and I will share my experience with them.

Gambling in fiat is more hassle than gambling in crypto. I'm not saying that I'm gambling in casinos but in our town, every year there are some group of people who are building a place where people are gambling there and we call it "peryahan". There people are using fiat money to gamble. It is fun but at the same time, more hassle for me. To be honest, I don't end up there winning because or greediness.

Gambling in crypto is less hassle for some reasons. If you have a computer in your home, internet connection and the most important thing that you need, crypto then you are good to go already. You don't need to go outside and gamble because you can gamble already even you are in your home. Less hassle for me.

[akmal1984]

I have tried them both already and I will share my experience with them.

Gambling in fiat is more hassle than gambling in crypto. I'm not saying that I'm gambling in casinos but in our town, every year there are some group of people who are building a place where people are gambling there and we call it "peryahan". There people are using fiat money to gamble. It is fun but at the same time, more hassle for me. To be honest, I don't end up there winning because or greediness.

Gambling in crypto is less hassle for some reasons. If you have a computer in your home, internet connection and the most important thing that you need, crypto then you are good to go already. You don't need to go outside and gamble because you can gamble already even you are in your home. Less hassle for me.

It makes sense indeed what you say. Now people prefer to do things instantly. If you can do it from the room why bother to go out with all the greater risks. Maybe for the future people will be increasingly crowded who make bets using crypto.although the attraction of playing at the casino directly also always attracts visitors. However, with crypto the gambling process becomes easier

[ethereumhunter]

Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

No, I cannot hide from the government because they will be suspicious of my bank account, and they will investigate me, and ask me where the money comes. That could be true that the exchanges will apply verification to avoid the illegal use of the money, and they want to help the government to prevent the bad thing that can come later. At that time, we can get trouble if we don't follow their rules, and that will make us cannot withdraw the money.

Then just give the government the right cut if they ask through "taxes"..we can always hide with our government if we are smart but most people can't so they easily get caught and if they don't have the knowledge to hide, they should just comply with the rules to avoid problem in the future.

let's just enjoy while there are still exchanges that don't require KYC.

If we used crypto, we could hide our money from the government. We can hold the money in the crypto form, and we don't convert that coins, or if we want to convert the coin, we can use the exchanges as the store of the money. Or we can use a wallet which supports to store the stable coins.

Yes, we can use the exchanges that don't require KYC so we can hide our money from the government

[huige007]

Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

No, I cannot hide from the government because they will be suspicious of my bank account, and they will investigate me, and ask me where the money comes. That could be true that the exchanges will apply verification to avoid the illegal use of the money, and they want to help the government to prevent the bad thing that can come later. At that time, we can get trouble if we don't follow their rules, and that will make us cannot withdraw the money.

Then just give the government the right cut if they ask through "taxes"..we can always hide with our government if we are smart but most people can't so they easily get caught and if they don't have the knowledge to hide, they should just comply with the rules to avoid problem in the future.

let's just enjoy while there are still exchanges that don't require KYC.

If we used crypto, we could hide our money from the government. We can hold the money in the crypto form, and we don't convert that coins, or if we want to convert the coin, we can use the exchanges as the store of the money. Or we can use a wallet which supports to store the stable coins.

Yes, we can use the exchanges that don't require KYC so we can hide our money from the government

Gambling must be done using the cryptocurrency because this is the best way of making your actions anonymous. In this way even if a person is involved in some kind of illegal activity then that is not notified to the legal authorities. Crypto currency has no static identity and is not controlled by the government so it is easy to be used as compared to the fiat.

[MyIdeas]

Sometimes I have some 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 because of unknown transactions I've also been frozen by my bank for a few weeks. I prefer to buy crypto from someone first, and then I can safely and quickly deposit crypto where I can play anything I want. So it's easier for me to play in crypto, I have to say it's a great technology.

yes before the invention of crypto it was very hard for the gamblers to access the online casinos and the online casinos were also not earning enough because of these issues but after the invention of bitcoin and altcoins it because easy for everyone to play in online casinos even the citizens of those countries got access to online casinos where gambling is banned because of which online casinos earned a high income and their business flourished.

[GreatBug]

Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

No, I cannot hide from the government because they will be suspicious of my bank account, and they will investigate me, and ask me where the money comes. That could be true that the exchanges will apply verification to avoid the illegal use of the money, and they want to help the government to prevent the bad thing that can come later. At that time, we can get trouble if we don't follow their rules, and that will make us cannot withdraw the money.

Then just give the government the right cut if they ask through "taxes"..we can always hide with our government if we are smart but most people can't so they easily get caught and if they don't have the knowledge to hide, they should just comply with the rules to avoid problem in the future.

let's just enjoy while there are still exchanges that don't require KYC.

If we used crypto, we could hide our money from the government. We can hold the money in the crypto form, and we don't convert that coins, or if we want to convert the coin, we can use the exchanges as the store of the money. Or we can use a wallet which supports to store the stable coins.

Yes, we can use the exchanges that don't require KYC so we can hide our money from the government

Gambling must be done using the cryptocurrency because this is the best way of making your actions anonymous. In this way even if a person is involved in some kind of illegal activity then that is not notified to the legal authorities. Crypto currency has no static identity and is not controlled by the government so it is easy to be used as compared to the fiat.

This thread put my thoughts in words. And with werkwerkwerk, I've seen lottoshi.io and they are exactly doing what's mentioned above.

[Bitinity]

Sometimes I have some 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 because of unknown transactions I've also been frozen by my bank for a few weeks. I prefer to buy crypto from someone first, and then I can safely and quickly deposit crypto where I can play anything I want. So it's easier for me to play in crypto, I have to say it's a great technology.

Is this happening to almost your local bank accounts? I mean, is there any regulations from the local bank related to gambling activity? Here in my country especially based on my own experience, I have never experienced such thing. I mean the bank never freeze my account because I use my bank account for gambling activity. But to be honest, I do not really understand whether the bank does not care about it or the bank does not notice it. At least I've been using my local bank accounts to gamble for years already and it is still fine.

[Fundamentals Of]

Sometimes I have some 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 because of unknown transactions I've also been frozen by my bank for a few weeks. I prefer to buy crypto from someone first, and then I can safely and quickly deposit crypto where I can play anything I want. So it's easier for me to play in crypto, I have to say it's a great technology.

Is this happening to almost your local bank accounts? I mean, is there any regulations from the local bank related to gambling activity? Here in my country especially based on my own experience, I have never experienced such thing. I mean the bank never freeze my account because I use my bank account for gambling activity. But to be honest, I do not really understand whether the bank does not care about it or the bank does not notice it. At least I've been using my local bank accounts to gamble for years already and it is still fine.

There are countries that prohibit gambling as the main source of bank deposit if you are only an ordinary gambler. There has to be a stable and legitimate source of income other than just gambling wins. Especially online gambling and with crypto as the main currency, I guess the banks are going to be very strict on that.

By the way, I use both fiat and crypto in gambling.

[Visbay]

I have tried them both already and I will share my experience with them.

Gambling in fiat is more hassle than gambling in crypto. I'm not saying that I'm gambling in casinos but in our town, every year there are some group of people who are building a place where people are gambling there and we call it "peryahan". There people are using fiat money to gamble. It is fun but at the same time, more hassle for me. To be honest, I don't end up there winning because or greediness.

Gambling in crypto is less hassle for some reasons. If you have a computer in your home, internet connection and the most important thing that you need, crypto then you are good to go already. You don't need to go outside and gamble because you can gamble already even you are in your home. Less hassle for me.

It makes sense indeed what you say. Now people prefer to do things instantly. If you can do it from the room why bother to go out with all the greater risks. Maybe for the future people will be increasingly crowded who make bets using crypto.although the attraction of playing at the casino directly also always attracts visitors. However, with crypto the gambling process becomes easier

Yes we can gamble with crypto so easily for this we can game online using our phone or PC so it’s good to gamble online but the problem is crypto user remain anonymous and you will not be able to that with whom you are actually gambling that’s why I prefer using crypto only to invest my money and use fiat for gambling I know it's little hard-working but enjoyable too.

[ReiMomo]

Yes we can gamble with crypto so easily for this we can game online using our phone or PC so it’s good to gamble online but the problem is crypto user remain anonymous and you will not be able to that with whom you are actually gambling that’s why I prefer using crypto only to invest my money and use fiat for gambling I know it's little hard-working but enjoyable too.

I disagree with this, using fiat in gambling is too very risky in our part if that is online gambling. You know why? - just because it will be linked to your personal details through using your bank account or credit card. What is the problem of being anonymous in gambling? That was most gamblers like for the purpose of privacy. I still prefer using crypto in gambling than fiat.

[panjul07]

Yes we can gamble with crypto so easily for this we can game online using our phone or PC so it’s good to gamble online but the problem is crypto user remain anonymous and you will not be able to that with whom you are actually gambling that’s why I prefer using crypto only to invest my money and use fiat for gambling I know it's little hard-working but enjoyable too.

I disagree with this, using fiat in gambling is too very risky in our part if that is online gambling. You know why? - just because it will be linked to your personal details through using your bank account or credit card. What is the problem of being anonymous in gambling? That was most gamblers like for the purpose of privacy. I still prefer using crypto in gambling than fiat.

Using fiat where you need to link your bank account is indeed risky but it applies for those who live in countries where gambling is an ilegal activity.
I do not think it is risky to use fiat for those who live on countries where gambling is a legal activity.
So be wise as always to choose which one to gamble, I myself prefer to use crypto since few years back although some time I still use fiat.

[ethereumhunter]

If we used crypto, we could hide our money from the government. We can hold the money in the crypto form, and we don't convert that coins, or if we want to convert the coin, we can use the exchanges as the store of the money. Or we can use a wallet which supports to store the stable coins.

Yes, we can use the exchanges that don't require KYC so we can hide our money from the government

Gambling must be done using the cryptocurrency because this is the best way of making your actions anonymous. In this way even if a person is involved in some kind of illegal activity then that is not notified to the legal authorities. Crypto currency has no static identity and is not controlled by the government so it is easy to be used as compared to the fiat.

That is why people who are using cryptocurrency prefer to use crypto to playing gambling because they can hide their identity from other people including from the government. But I am afraid if cryptocurrency is used for illegal activity because that can make the cryptocurrency cannot grow in the future. Maybe it is better if we are telling people that cryptocurrency is not just for illegal activity so that they will know the good of cryptocurrency.

[imstillthebest]

If we used crypto, we could hide our money from the government. We can hold the money in the crypto form, and we don't convert that coins, or if we want to convert the coin, we can use the exchanges as the store of the money. Or we can use a wallet which supports to store the stable coins.

Yes, we can use the exchanges that don't require KYC so we can hide our money from the government

Gambling must be done using the cryptocurrency because this is the best way of making your actions anonymous. In this way even if a person is involved in some kind of illegal activity then that is not notified to the legal authorities. Crypto currency has no static identity and is not controlled by the government so it is easy to be used as compared to the fiat.

That is why people who are using cryptocurrency prefer to use crypto to playing gambling because they can hide their identity from other people including from the government. But I am afraid if cryptocurrency is used for illegal activity because that can make the cryptocurrency cannot grow in the future. Maybe it is better if we are telling people that cryptocurrency is not just for illegal activity so that they will know the good of cryptocurrency.

why hid your self ? are you shy or what  ? gambling is not a crime or illegal as long as its allowed on your country so its okay to use fiat if you think fiat is accesible and easier for you  . people use crypto for gambling , like me but it does not mean that i hate fiat and i dont use it for gambling   . infact i still use  my fiat for offline gambling here on our city  . i never tried fiat for online tho because i dont have a credit card or a debit card  , my paypal wasnt also funded  before .