Gambling with Fiat or Crypto?

[DevilSlayer]

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.

It is better to gambling with crypto than using fiat money. There are online casinos that requiring their users to submit their i.d's before they able to play in online casino using fiat money. You can ensure that in gambling trhough cryptocurrencies are less hassle. Remember that there is also illegal casino so there are risks if you will gamble with fiat currencies.

[mitchr4]

I started playing gambling when I got to know Bitcoin. So I have been comfortable playing using this currency compared to Fiat money. I don't care what happens to the price of Bitcoin at least it still has value. Using Bitcoin is easier because it doesn't require a personal identity to make a deposit. As we know to deposit on gambling sites using fiat money, we must provide a full name and bank account. Staying anonymous is the most important thing for me.

[teosanru]

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 think its better to go with fiat than to go with crypto. It' because of my personal reasons. I feel cryptocurrencies as just number and don't feel it as money. Therefore i don't even feel sad when I lose it. This is pretty harmful when it comes to gambling because you won't feel you are losing money so you won't stop gambling. However some people object that crypto gambling is safer because you atleast don't get notice in the eyes of your government and you can even hide most of your earnings and not pay taxes on it.

[Capt00]

It is better to gambling with crypto than using fiat money. There are online casinos that requiring their users to submit their i.d's before they able to play in online casino using fiat money. You can ensure that in gambling trhough cryptocurrencies are less hassle. Remember that there is also illegal casino so there are risks if you will gamble with fiat currencies.

It is only at the initial stage had a meaning if you play on Fiat or cryptocurrency. I for myself almost after each game transferred cryptocurrency to the value in dollars. After a while, I stopped doing this, as I was already used to certain rates in cryptocurrency.

Crypto become popular because of crypto gambling sites that help to promote the use of this currency. And for some reason that gamblers are preferred to make use of this rather than using fiat money because they want anonymity.
We can have this advantage in using crypto but in a certain thing that we can't deny that we will just convert it into fiat money after withdrawal. This means that we are using both of them in gambling.

[pandukelana2712]

-snip-

Don't forget if using crypto is more anonym than fiat.
People are more comfortable with crypto because of those things, IMO
But some crypto casino doing KYC nowaday.

[onrise]

I don't gamble with crypto right now when everything is down. I don't feel like paying more Bitcoins compared to my local fiat currency. At the moment I use fiat, once the Bitcoin value goes up again I will switch back to crypto gambling.

People try to save the crypto beacuse their is always a chance that prices will Shoot up in coming time and will make us rich but Fiat currency will only deprecate and not otherwise . And in gambling you will lose out maximum times than winning it .

[Abiky]

I was always happy to be able to play with crypto in casinos without the KYC/AML check but lately, this is not the case and despite we are playing with cryptocurrencies, casinos still demand verification documents when one tries to withdraw any winnings. So, if you want to play with crypto and verification is not an issue for you then there is a lot of casinos where you can deposit cryptocurrencies and play, but I think that many people will finally choose FIAT casinos if KYC/AML verification will be fully implemented, because it is much easier for many to deposit and withdraw FIAT (still only an estimated 3% of people use crypto). Because of regulations, crypto casinos are loosing a very big advantage they had against FIAT casinos.

Unfortunately, governments have successfully implemented KYC/AML rules within crypto gambling sites too. While this defeats the purpose of anonymity, one could easily resort to other means such as decentralized gambling sites which rely on smart contracts. So far, gambling sites of this type haven't required a single user to comply with KYC/AML. After all, there's no central operator in charge of the online casino. Tightening regulations towards the crypto-gambling industry would only make matters worse over the long term. Still, I believe that some crypto-gambling sites would be able to survive for the foreseeable future if they comply with every single regulation imposed by worldwide governments.

Nonetheless, with the many benefits crypto gambling provides on top of Fiat, I'm sure that we'll able to see new sites emerge over time. It's only a matter of how many people will adopt crypto within the mainstream world, to make the crypto-gambling industry relevant. The growth is still there, but at a slow pace than usual. If physical casinos started accepting crypto more thoroughly, we would see more gamblers using crypto on top of Fiat. Sometimes I'd wish that all casinos would turn out to crypto instead of Fiat, but it seems very unlikely this will happen anytime soon because of crypto's volatility and regulatory uncertainty. All in all, people at least have different options to choose from whenever it's gambling with crypto or Fiat within the mainstream world. Just my thoughts

[maydna]

We can have this advantage in using crypto but in a certain thing that we can't deny that we will just convert it into fiat money after withdrawal. This means that we are using both of them in gambling.

I guess that will not be a problem since we have the services that will help us to convert the crypto into fiat money. People who involved in crypto will still prefer using crypto to gamble because we don't have to get many things to prepare, and we can get directly to play the gambling games after we deposit. Besides that, the most advantage of crypto gambling game is we can hide our identity from any people, so we don't have to tell them that we are playing gambling.

[Faxmate]

It seems most of the bigtime gambler is now prefer to use the cryptocurrency when playing because of its anonymity. If ever you want to experience a good gambling game its better to use fiat currency and go to the casino and play different games. I know in online gambling it is also accept fiat currency but sometime it takes a lot of time to deposit unlike in cryptocurrency that just take few minutes. For me, I will rather use cryptocurrency in playing gambling than using fiat because I want to secure my personal information.

But not all of the bigtime gamblers does use the cryptocurrency now. I highly believe they miss the feeling of going out to go the casino to play games. Because sometimes, the best feeling of playing casino is when you have other people playing with you as well and you can see each others. But since the virualization of online casinos and gambling sites now do already have a chat box for users, it makes the feeling real as well.

If we count these days maybe big gamblers are taking their foots step a little away with crypto currency since they are losing if the value if they are holding a huge volume on there wallets and for sure some of them shake there heads for seeing the current condition that's why sometimes I rather prefer to bet fiat since I can assure that I will not lose on volatility and will get the flat amount but in other hand maybe crypto is more convenient to use and also it's so different to play online and in real time since you will feel alone and be bored if you are the one who plays at home while in gambling for sure you will became excited since the ambiance and the presence of your opponent make the game more exciting.

Crypto gambling is actually a nice thing. It has made possible for players to enjoy playing with digital currencies which in itself is an amazing experience. Players should not care about the market bleeds because definitely, they are not gambling for making profits as this cannot happen. Tradition casinos are for people who like an environment with energetic audience. Some people do not like that.

[huige007]

I was always happy to be able to play with crypto in casinos without the KYC/AML check but lately, this is not the case and despite we are playing with cryptocurrencies, casinos still demand verification documents when one tries to withdraw any winnings. So, if you want to play with crypto and verification is not an issue for you then there is a lot of casinos where you can deposit cryptocurrencies and play, but I think that many people will finally choose FIAT casinos if KYC/AML verification will be fully implemented, because it is much easier for many to deposit and withdraw FIAT (still only an estimated 3% of people use crypto). Because of regulations, crypto casinos are loosing a very big advantage they had against FIAT casinos.

Doing verification every time you withdraw is not very comforting but this is done for the security purposes. Playing in crypto currencies has its own pros and cons. Winning a bet is like doubling the amount and investing at the same time. As far as regulations are considered, no decentralized coin plans for that. The percentage of crypto gamblers will be also increasing with time as these coins are the future.

[Debonaire217]

I guess that will not be a problem since we have the services that will help us to convert the crypto into fiat money. People who involved in crypto will still prefer using crypto to gamble because we don't have to get many things to prepare, and we can get directly to play the gambling games after we deposit. Besides that, the most advantage of crypto gambling game is we can hide our identity from any people, so we don't have to tell them that we are playing gambling.

And you are quite have a point there, even if people will try to convert their funds going back to fiats after a profit in gambling, the point here is that, they prefer gambling using cryptocurrency. We all know that there is really other gambling sites that utilizes fiat funds, national currencies to transact. And for me, the reason why people choose cryptocurrency is because it is comparably safe and anonymous. This feature enables people to play at their convenience without fear of being a subject to illegal gambling.

[wwzsocki]

Nonetheless, with the many benefits crypto gambling provides on top of Fiat...

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.

[FerdinandBol]

Nonetheless, with the many benefits crypto gambling provides on top of Fiat...

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.

With that logic you're better off buying crypto with fiat during the bottom and using crypto to gamble. Vice versa sell the top and use fiat to gamble...

[bitzizzix]

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.

[scopatumana]

Haha...I wouldn't single out any of them because the end of the day it is money we're talking about. And don't forget Cryptos can be bought to in s much as Fiat has a quality of being difficult to get. If it's your money then it's your money  That's how i see it. Coz using $100 worth of BTC for betting wouldn't be any different from using same $100 in Fiat.

[AjithBtc]

Haha...I wouldn't single out any of them because the end of the day it is money we're talking about. And don't forget Cryptos can be bought to in s much as Fiat has a quality of being difficult to get. If it's your money then it's your money  That's how i see it. Coz using $100 worth of BTC for betting wouldn't be any different from using same $100 in Fiat.

This is where you make a mistake. When you place the bet in terms of fiat on sports betting and you've won it. Here you'll get the respective equivalent value. Same time if you've done the same in terms of bitcoin what you'll get is based on the market. Here it could go low as well as can increase. There is risk, but it is quite simple than betting on a gambling house that works with fiat.

[seoincorporation]

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.

I think the same, cryptos make gambling more accessible for anyone, i don't gamble with fiat at all but with cryptos is fun to do it sometimes.

I think the fact that anyone can bet cryptos now days is a problem because any child could use cryptos and place bets... casinos doesn't realy have a way to prove the user behind the bet is an adult.

[Debonaire217]

I think the same, cryptos make gambling more accessible for anyone, i don't gamble with fiat at all but with cryptos is fun to do it sometimes.

I think the fact that anyone can bet cryptos now days is a problem because any child could use cryptos and place bets... casinos doesn't realy have a way to prove the user behind the bet is an adult.

Honestly, it is quite scary to play using fiats now a days I rather gamble online since I also have works to accomplish, I do not have time to go to casino, and since I am in the cryptocurrency space where we all know gambling sites are prevalent, why don't we maximize our opportunity to gamble using cryptocurrency? I am planning to sell my tokens from bounty so I could have funds to play just for fun.

[Russlenat]

I think the same, cryptos make gambling more accessible for anyone, i don't gamble with fiat at all but with cryptos is fun to do it sometimes.

I think the fact that anyone can bet cryptos now days is a problem because any child could use cryptos and place bets... casinos doesn't realy have a way to prove the user behind the bet is an adult.

Honestly, it is quite scary to play using fiats now a days I rather gamble online since I also have works to accomplish, I do not have time to go to casino, and since I am in the cryptocurrency space where we all know gambling sites are prevalent, why don't we maximize our opportunity to gamble using cryptocurrency? I am planning to sell my tokens from bounty so I could have funds to play just for fun.

When you are providing your information just to comply with the requirement of the fiat casinos, that's scary especially if your country is not pro gambling.

Also, with your information on the gambling sites, we don't know what they would do with it, so for more comfort and safety, gambling with crypto is really the trend now, people who are just gambling in fiat should try gambling with crypto, its the same entertainment they will get but gambling with crypto is more secured... fiat gambling is more suitable only for high rollers as they would surely abide with the requirements as long as they can gamble with their range.

[michellee]

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.

I think that it will be a good idea if we can gamble depend on the situation because we live in real life and we often socialize with other people. Some of them will ask us to play a card, and of course, with some money inside the games. And that will be better if we can use the limits in traditional gambling as we don't want to get the lose of the money. But I still prefer to play gambling with crypto than fiat because I don't have to risk my real money.