Gambling with Fiat or Crypto?

[Abiky]

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?

[crzy]

I don’t play online casinos with fiat money because i usually go to actual casinos and play there, and mostly use my bitcoin to gamble online which is more convenient for me. Crypto gambling enables us to have fun even if we are at home and makes transactions even faster and still your identity is unknown. Online gambling using fiat money is quiet boring for me, i’d rather explore the cryptoworld and have fun.

[Duzter]

Gambling with crypto is more comfortable than doing the same with fiat. The process involved is big, and that requires patience to fulfill all the necessities required from the banking end. With crypto these days websites have got inbuilt wallets for majority of the cryptocurrencies in the top order. I prefer to play with bitcoin, ethereum and xrp.

[DarkDays]

Personally, I tend to gamble with fiat since the poker houses I play at only accept fiat (e.g. chips). However, I've dabbled with online gambling with cryptocurrencies on several different platforms including casinos and sportsbooks, but I wouldn't say this is my usual.

So far, I don't think I've seen any gambling platforms that offer both cryptocurrency and fiat gambling. Though I would expect it would be quite easy to integrate into brick and mortar casinos, but quite difficult for online casinos due to regulatory issues.

[Twinkledoe]

I don’t play online casinos with fiat money because i usually go to actual casinos and play there, and mostly use my bitcoin to gamble online which is more convenient for me. Crypto gambling enables us to have fun even if we are at home and makes transactions even faster and still your identity is unknown. Online gambling using fiat money is quiet boring for me, i’d rather explore the cryptoworld and have fun.

Online casinos make your life easier so to speak. We are lucky that we have crypto now that can be used on these online gambling sites. But for physical casinos, of course, I still use fiat as crypto is not yet of use in my local casino. But most of the time, I use online casinos for so many reasons that everyone is already enjoying - comfort of playing while you are at home, no distraction, no need to dress up or any of that sort and many more.

[bisdak40]

Crypto enables online casinos to perform their operations in a somewhat anonymous fashion. Both the gambler and the owner benefits from this.

Just what you have said, I chose crypto over the other because of less hassle and anonymous, it is also fast.

With the emergence of online crypto casino, people can now gamble even on the move, they can bet anywhere they want as long as they have their android phone with them. Though not an advantage all the time but still it give convenience to those people who really like to bet.

[logfiles]

Crypto for me any day, any time.

Where i come from the tax on gambling winnings is so high and it breaks my heart see almost over 20% of my winnings go to the ridiculous tax collectors . But ever since i discovered bitcoin and crypto. I am able to gamble on websites outside my jurisdiction and receive my winning without anybody even knowing  
This could not be possible at all with Fiat

[harizen]

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?

As for me, every currency or asset used is the best since Gambling is Gambling. If I saw a certain bet or games that catch my interest, then I will take it no matter what is used on either crypto, fiat, etc. Been doing gambling outside the crypto world that's why I don't have a concern or issue regarding gambling with the used of fiat.

But honestly, there shouldn't be a fiat vs crypto comparison here since the majority of people here in this forum will surely choose crypto. Also, both have advantages and disadvantages. If we take this discussion outside the crypto forum, we will surely see that most people have different preferences regarding these.

[rodel caling]

I prepared crypto online gambling than fiat online gambling, honestly believe me or not I am not playing gambling before through online because of crypto online gambling I start enjoy to get the opportunity. I gamble fiat illegal gambling in my street it called pusoy  a card games, but after I try online crypto gambling I enjoy it no hassle to caught by the authorities.

[Oilacris]

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?

We already have several mega threads about this topic.

https://bitcointalk.org/index.php?topic=5176651.0
https://bitcointalk.org/index.php?topic=5100084.0
https://bitcointalk.org/index.php?topic=5074880.0

[pakhitheboss]

We love Cryptocurrency because of its features like decentralization, anonymity, less charges and easy to transact.

There are countries that do not allow gambling and have strict laws. Cryptocurrency based gambling are like safe heaven for these gamblers. This is one of the primary reason why Bitcoin casinos are a hit.

Problem with Fiat is transaction charges and the chances of it getting declined, while you try to deposite it to the gambling platform. That does not seems to be a problem when you are using cryptos.

[aioc]

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'll also go for Crypto for convenience, I don't have a credit card right now, but that does not mean that even I don't have option I will not pick Crypto, I like the anonymity and it's faster to transfer coins using Crypto, and of course gambling sites are already going Crypto too.

[janggernaut]

Since we are on bitcointalk forum, i think you alraedy know the answer from most of us even though we don't reply on this thread. Gambling with fiat is like an old way to gamble and it's seems will be fully changed  to cryptocurrency in some years later. If we can gamble by annonymous and we can do that everytime and everywhere we want, i don't see any reason for us to gamble with fiat anymore

[rand1919]

There are many benefits to using a digital currency like Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash over US dollars, British pounds, euros, South African rands, Japanese yen, and other currencies. Ill talk about BTC betting here. Perks of BTC betting are:

1. Privacy Considerations with Bitcoin Gambling
2. Bitcoin is the New Fad and Bitcoin Gambling is the Next Step
3. You Can Get Bitcoin Bonuses at Bitcoin Casinos
4. Bitcoin Gambling Allows You to Avoid Geolocation-based Restrictions
5. Safety & Security When Playing Online

Only minus for me is volatility. Volatility in Bitcoin does not yet have a generally accepted index since cryptocurrency as an asset class is still in its nascent stages, but we do know that Bitcoin is capable of volatility in the form of 10x changes in price versus the U.S. dollar, in a relatively short period of time.

[Oceat]

Nah better stick to fiat if that's all gonna happen besides fiat has been used widely before the cryptocurrency exist. If you were a small player better use fiat but if you are a big time player, you might wanna switch to cryptocurrency if you want to protect your identity and you will have some security of privacy if you use cryptocurrency over the internet.

[notblox1]

Crypto is much better for betting, and if you find good place for betting with no kyc that is even better.
I am not a fan of all the paper work and sending my personal identification to everyone

[Abiky]

Crypto for me any day, any time.

Where i come from the tax on gambling winnings is so high and it breaks my heart see almost over 20% of my winnings go to the ridiculous tax collectors . But ever since i discovered bitcoin and crypto. I am able to gamble on websites outside my jurisdiction and receive my winning without anybody even knowing  
This could not be possible at all with Fiat

That's exactly what I wanted to highlight about. Crypto's pseudonymous nature works wonders when gambling as our earnings don't go to the taxman directly. As long as you don't disclose how many crypto you've earned, you'll be safe from paying any taxes at all. A cut of 20% of your winnings is a lot when there's lot of money involved. Thankfully, crypto reduces fees and gives us control of our own money so that we could do whatever we want with it. That's why I've been gambling online with crypto instead of Fiat. I'm sure that once people notice the true benefits of crypto, they won't turn back to Fiat anytime soon (especially for gambling). Given that crypto is much more divisible than Fiat, it provides greater flexibility for gambling site operators. Micro-earnings can be sent to the winning gambler without any additional costs (depending on the cryptocurrency, of course). With Fiat, the minimum you can send is $0.01 (in terms of USD) (although it could be higher depending on credit card processing fees, and other factors).

Nonetheless, gambling with crypto may be highly beneficial but it could become troublesome for serious gamblers if governments implement fierce regulations within the crypto-gambling industry. They could easily force online gambling sites which accept crypto to require players some form of ID verification for KYC/AML compliance. If that happens, then we're doomed as everything will be exactly the same as Fiat. Just my thoughts

[Coin_trader]

Crypto for sure, If the volatility is the only concern in crypto then just use stable coin whenever you have done in gambling for the day and just convert it back again to crypto that whatever you desired to use in gambling.
I do this often times when I'm tight with funds and using my personal earnings in FIAT to convert to crypto for gambling. Using fiat to play online gambling is really hassle. All online casino that accepting fiat
needs a document about you so that they comply on the law. Some country prohibits online gambling too so it's very hard to find a legit casino that accepting fiat.

[AniviaBtc]

Personally, I tend to gamble with fiat since the poker houses I play at only accept fiat (e.g. chips). However, I've dabbled with online gambling with cryptocurrencies on several different platforms including casinos and sportsbooks, but I wouldn't say this is my usual.

At least you tried to join those online gambling, and you experienced how advantageous it is. It is faster and secured when gambling online using cryptocurrency. Try it to become your usual activity when you play.

So far, I don't think I've seen any gambling platforms that offer both cryptocurrency and fiat gambling. Though I would expect it would be quite easy to integrate into brick and mortar casinos, but quite difficult for online casinos due to regulatory issues.

You said above that "you'd joined online gambling with cryptocurrency on many different platforms," but why you've not seen any gambling platforms that offer both cryptocurrency and fiat? In my experience, YES, it is easy and fast transactions. Although it has regulatory issues is still function and updated day by day to avoid more problems, because it is just an online platform, it means digital.

I suggest you try to use FortuneJack, and this can be a BTC casino. It has many games and a variety of promotions, bonuses, and it is transparent for the users. It can manage eight different cryptocurrency and 500 more casino games. There are no other online gambling platforms that are well-founded like this.

[mich]

I would recommend new punters to the world of crypto gambling rather then fiat gambling
If you are new here and reading this now, you must have a interest to come to this site BITCOINtalk
Using crypto for faster transactions and lots of betting options is the way to go