Gambling with Fiat or Crypto?

[ShowOff]

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.

There are several countries that have been known to legalize gambling, and I dont think gamblers should hide their identities unless they want privacy in their social culture.
The following is a list of countries that do not prohibit gambling activities or authorize gambling as far as I know.

Code:

1. China
2. Hongkong
3. Singapure
4. Greece
5. Spain
6. Italy
7. etc

If a gambler wants to continue to maintain their privacy, gambling using crypto is the solution. But can someone or the government find the owner of the crypto address when exchanging it fiat and withdraw it to a bank account ?
KYC is intended for exchange aimed at anticipating fraudulent behavior such as money laundering, illegal transactions and financing of terrorism. IMO, if the government wants to conduct an investigation in cooperation with the stock exchange, the identity of the account holder will also be known. What do you think ?

[Faxmate]

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.

For crypto users anonymity does not matter as they know how to deal with it. I like gambling with crypto as it is technology that invented for our relaxation so if we want to be that much good gambler along with ease then choose online gambling with crypto it’s safe and easy way of gambling. We can gamble according to need if you like you can gamble with fiat in regular casino.

[MyIdeas]

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.

Yes there are many gamblers the families of whom are not gambler and if a person is not gambler he do not like gambling because of that they know that they family members are not gamblers and they do not like gambling seeing this they like to gamble in private and they do not want that someone know about them. For them gambling with fiat was hard or impossible so the solution for them is gambling with cryptocurrencies.

[l3pox]

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.

Yes there are many gamblers the families of whom are not gambler and if a person is not gambler he do not like gambling because of that they know that they family members are not gamblers and they do not like gambling seeing this they like to gamble in private and they do not want that someone know about them. For them gambling with fiat was hard or impossible so the solution for them is gambling with cryptocurrencies.

but don't you think a person has to get crypto somehow?
why would it be easier for them to gamble with crypto taking into  account that there's way more friction on the process of exchanging fiat to crypto than gambling straight with fiat (on credit card, as an example)?

or they're just earning their crypto on an open site, like here, or working for it?

[potatopower]

It will always be crypto and even in the near future I didn't intend to use fiat in online gambling. One explanation is the rule. There's no specific law in our country regarding crypto gambling, so I'm pretty safe from regulation, despite how much I've played or earned. I'm still unfamiliar with using fiat gambling site. What if they need KYC that I'm ignoring or they're unlawfully operating that might smear my clean reputation. So when you have online gambling operation, choosing crypto is the best thing to do.

[adzino]

It will always be crypto and even in the near future I didn't intend to use fiat in online gambling. One explanation is the rule. There's no specific law in our country regarding crypto gambling, so I'm pretty safe from regulation, despite how much I've played or earned. I'm still unfamiliar with using fiat gambling site. What if they need KYC that I'm ignoring or they're unlawfully operating that might smear my clean reputation. So when you have online gambling operation, choosing crypto is the best thing to do.

Rule? That does not explain anything and why you want to use crypto currencies. Yeah, since there is no specific laws, you might end up doing something illegal in an unknowing way unintentionally. Too bad, it is no longer safe from regulation. Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.
You should always read the terms of service first of a casino before you start playing over there.

[Ziskinberg]

Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.

I haven't feel that, I have used a lot of crypto gambling sites until now and I have never receive a message from them asking to comply with the KYC requirement, I think this vary from country to country.

[michellee]

It will always be crypto and even in the near future I didn't intend to use fiat in online gambling. One explanation is the rule. There's no specific law in our country regarding crypto gambling, so I'm pretty safe from regulation, despite how much I've played or earned. I'm still unfamiliar with using fiat gambling site. What if they need KYC that I'm ignoring or they're unlawfully operating that might smear my clean reputation. So when you have online gambling operation, choosing crypto is the best thing to do.

As long as our country doesn't prohibit cryptocurrency, we can still use crypto to gamble, but maybe the government can ban access to visit the gambling site. And if that happens, we can visit the gambling website using the VPN so we can play gambling using cryptocurrency. I think the KYC is only applied in some of the gambling websites, and if we don't want to complete the KYC, we can search the gambling site, which doesn't require KYC.

[stadus]

As long as our country doesn't prohibit cryptocurrency, we can still use crypto to gamble, but maybe the government can ban access to visit the gambling site. And if that happens, we can visit the gambling website using the VPN so we can play gambling using cryptocurrency. I think the KYC is only applied in some of the gambling websites, and if we don't want to complete the KYC, we can search the gambling site, which doesn't require KYC.

There's always a lot of gambling sites that will offer that kind of policy as they know the demand from gamblers who are prohibited to gamble.
With crypto, that's the trend now and the good thing on why this market is growing is because people does not really care about the documentation of being legal but it's reputation online and with that gamblers will patronize them although the risk is high.

[onrise]

Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.

I haven't feel that, I have used a lot of crypto gambling sites until now and I have never receive a message from them asking to comply with the KYC requirement, I think this vary from country to country.

I think the traffic will divert to those sites which still does not require KYC and if most sites start with KYC then people would either quit or sites where still no KYC is required all will move to that and that site will make lot of money as well . No user is sure how their KYC could be misused so for safety they avoid such sites .

[ethereumhunter]

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 .

Maybe you can show yourself in gambling, but I prefer to stay hiding from other people. I prefer to play gambling without anyone knows although gambling is allowed in my country. Besides that, I never go to the real casino, but I gamble on the gambling website in my room. That is why I don't use fiat to gamble, but I use crypto to gamble, and until now, I never try to play online gambling using fiat because that means, I need to deposit from my bank account.

[l3pox]

Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.

I haven't feel that, I have used a lot of crypto gambling sites until now and I have never receive a message from them asking to comply with the KYC requirement, I think this vary from country to country.

I think the traffic will divert to those sites which still does not require KYC and if most sites start with KYC then people would either quit or sites where still no KYC is required all will move to that and that site will make lot of money as well . No user is sure how their KYC could be misused so for safety they avoid such sites .

KYC safety depends on many factors
but totally agree with you
in general users would prefer no KYC website than one with KYC.

[purebitco]

In real life, I have never visited a casino, and I don't worry about it. I never visit betting offices to bet on results in sports, but I usually prefer to do so online. In fact, using crypto currency for ease of use is more appealing to me, and I don't like using cash for gambling. While it is easier to control yourself when using cash, using cash in gambling is not a very good thing for me, nor is it very logical and easy to do because of country regulations. That's why I prefer to use gambling with crypto money.

[Nimbulan]

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.

[hahay]

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.

You only gamble using bitcoin and not for fiat, because at the beginning you have said if you start gambling after knowing bitcoin and that proves you are not gambling using fiat even though it is in real life. This is the reason why someone chooses to gamble using crypto or bitcoin because one definite thing is about profits with the aim of collecting more bitcoin apart from the main purpose of being anonymous.

[vintages]

Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.

I haven't feel that, I have used a lot of crypto gambling sites until now and I have never receive a message from them asking to comply with the KYC requirement, I think this vary from country to country.

Same here too, I haven't experience that too. Though I feel maybe the this could be particularly on new gambling sites or when the user IP location are dictated to be from certain countries. Most especially countries where crypto gambling are prohibited. Though, on a general note sometimes collecting KYC on crypto gambling kinda makes no sense.

[Questat]

Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.

I haven't feel that, I have used a lot of crypto gambling sites until now and I have never receive a message from them asking to comply with the KYC requirement, I think this vary from country to country.

Same here too, I haven't experience that too. Though I feel maybe the this could be particularly on new gambling sites or when the user IP location are dictated to be from certain countries. Most especially countries where crypto gambling are prohibited. Though, on a general note sometimes collecting KYC on crypto gambling kinda makes no sense.

If they will collect information, that means they are not a crypto gambling site.

it should be this way.
FIAT casinos collection information for KYC while crypto casinos does not. it's hard to mix both in one single casino as there's a chance in the long run that they will be strictly requiring information as they are already registered by the government.

if I have to choose, I want pure anonymity like directbet in the past.

[Faxmate]

Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.

I haven't feel that, I have used a lot of crypto gambling sites until now and I have never receive a message from them asking to comply with the KYC requirement, I think this vary from country to country.

Same here too, I haven't experience that too. Though I feel maybe the this could be particularly on new gambling sites or when the user IP location are dictated to be from certain countries. Most especially countries where crypto gambling are prohibited. Though, on a general note sometimes collecting KYC on crypto gambling kinda makes no sense.

If they will collect information, that means they are not a crypto gambling site.

it should be this way.
FIAT casinos collection information for KYC while crypto casinos does not. it's hard to mix both in one single casino as there's a chance in the long run that they will be strictly requiring information as they are already registered by the government.

if I have to choose, I want pure anonymity like directbet in the past.

Yeah in crypto you will remain anonymous and no one would be able to know about your identity, people love it and it’s sign of safety for them but I think gaming with crypto is not good choice because we should store crypto while use fiat for gambling and it makes both side earning, crypto is expensive investment for gambling I know out put will also be bigger but in gambling there is always risk, BTW it’s not suggestion but only my opinion.

[Abiky]

I actually prefer altcoins these days, for two reasons. Firstly altcoins are easier to gamble and cheaper as well, when you gamble with 2 dogecoins you are not risking too much money and its much more fun, you have to bet with like 100 satoshi if you want to not risk too much bitcoins and that doesn't feel that comfortable, however I can gamble with many 100 litoshi and I could be gambling basically nothing at all and still have fun, so the price plays a big point in picking alts over btc.

Secondly I have too much useless and worthless coins right now, finding out there is a place I can gamble with that money gives them a purpose, I mostly lose all of them which is fine because I saw them as useless anyway but sometimes I win and just exchange it to bitcoin and withdraw.

Altcoins are much more flexible to gamble with than Bitcoin itself, as they're cheaper and faster to use. Not many online gambling sites accept a wide variety of cryptocurrencies. But those that do have a great advantage over Bitcoin-only casinos. Even though crypto has become extremely popular in the mainstream world, Fiat is still the dominant currency for casinos and online gambling sites alike. After all, Fiat is much more stable in price than crypto itself. It's hoped that an increase in the scalability of underlying blockchain networks would increase adoption of crypto within online gambling sites. Otherwise, the high transaction load would cause fees to rise making crypto impractical for micro betting and more.

A huge advantage of crypto towards Fiat is that it can be used without the need for ID verification. There are many online gambling sites out there (like the one under my sig) which don't require the gambler to verify his/her identity. This provides convenience above all else, as crypto can be used online as you would use physical cash in the real world. Anonymity proves to be wonders in the online gambling industry thanks to the inception of crypto and Blockchain technology. Better yet, decentralized gambling sites have no middleman or central operator in charge of the bankroll. This gives a greater level of fairness and trust from everyday gamblers than traditional casinos and gambling sites which only accept Fiat.

Nonetheless, it's hoped that the number of crypto gambling sites would increase over time. As long as decentralized solutions are being worked on (mostly in the form of smart contracts), most people will prefer to use crypto for gambling than Fiat itself. In the end, everything will depend on the specific person's preferences over one currency or another. You can't avoid Fiat casinos from operating within the mainstream world, the same way you can't do so with crypto. Neither ends will replace one another, which is good for diversity in the gambling industry. Just my thoughts

[Visbay]

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 .

Maybe you can show yourself in gambling, but I prefer to stay hiding from other people. I prefer to play gambling without anyone knows although gambling is allowed in my country. Besides that, I never go to the real casino, but I gamble on the gambling website in my room. That is why I don't use fiat to gamble, but I use crypto to gamble, and until now, I never try to play online gambling using fiat because that means, I need to deposit from my bank account.

People mostly love to play online because most of the gamblers are working people so when they get free time they start visiting gambling site and it’s really a source of enjoyment for them. We can gamble at the real casino but it will disclose your privacy and people will know that you are gambling so you must have money so better avoid sharing your KYC with people and unknown sites.