Fiat-betting to crypto+betting

[Gosgosking]

Cryptocurrency betting have made betting so easy for users, betting can be done at any point of time  one  don't have to travel from one point to the other to take bet. Betting can be done with any of the digital currency without stress and after betting withdrawal  can  take place at any point. According to OP all class of individual can go into  betting not as before where betting was meant for a particular class of people.

[Woodie]

Fiat betting was once the order of the day making online betting difficult to play mostly for international gamblers that have no access to international money transfer services like money gramme, PayPal, Wester Union and so many more. Online gambling was mostly difficult then but now.

The days of moneybookers, neteller and many others was a different era indeed but for someone using bitcoin for the first time will go through any e currency procedure of KYC which can be a headache for some but with familiarity the process becomes super easy.

The regime of Bitcoin has made online transactions easier for everyone.

Purchasing bitcoin at market value is not as easy as it sounds for first time buyers for starters and secondly you need to do your homework of finding the best crypto betting platform to avoid jumping in the deep end which has so many requirements before you start playing.

Gone are those days where you will have to queue in a betting shop to play bets(sport bet mostly)
Gone are those days where online betting is limited.
Gone are those days where there are few betting sites available for bet enthusiasts.
Gone are those days when gambling is for the rich.
Gone are those days where international sport betting transactions are stressful.
Gone are those days when people are afriad to buy Bitcoin.

Now we have some many altcoins that can be use to play bets online. We are gradually walking into the blockchain era. God bless Satoshi Nakamoto.

What advantage does the crypto betting has over Fait betting?

Gone are the days people were subjected to all these fiat ways betting, but technology came to the rescue and the rest is history! Bitcoin up up and away.....

[Oshosondy]

Purchasing bitcoin at market value is not as easy as it sounds for first time buyers for starters and secondly you need to do your homework of finding the best crypto betting platform to avoid jumping in the deep end which has so many requirements before you start playing.

There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

Gone are the days people were subjected to all these fiat ways betting, but technology came to the rescue and the rest is history! Bitcoin up up and away.....

TK wouldn't say gone are the days of fiat but there are truly alternatives now which are cryptocurrencies, but the majority of people still make use of fiat for betting, crypto betting sites are just still on the rise.

[maju69]

There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

Use only trusted exchanges and it already provides a sense of security from the unexpected to avoid scammers. Indeed research is important, but for someone who already believes in Bitcoin there is no need to go too deep. Just need to visit a secure exchange.

Perhaps most crypto bets such as using casino-provided altcoins are more likely to have low shipping costs. For beginners who really want to try betting crypto, it won't be too much of a burden.

[qwertyup23]

Purchasing bitcoin at market value is not as easy as it sounds for first time buyers for starters and secondly you need to do your homework of finding the best crypto betting platform to avoid jumping in the deep end which has so many requirements before you start playing.

There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

Oops be careful with that kind of mindset. You are right that adoption is indeed higher but this also gives the opportunity for scammers to conceal themselves and cause it appear that they legit/genuine, but which is not. Remember that the more BTC adoption goes recognized, the more reason for scammers to take advantage of such situation.

Proper research is always the key in order to avoid any scams in dealing with an exchange. Remember also that prevention is always better than cure- that is why always read reviews and feedbacks in order to strengthen the security.

[romero121]

Purchasing bitcoin at market value is not as easy as it sounds for first time buyers for starters and secondly you need to do your homework of finding the best crypto betting platform to avoid jumping in the deep end which has so many requirements before you start playing.

There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

Oops be careful with that kind of mindset. You are right that adoption is indeed higher but this also gives the opportunity for scammers to conceal themselves and cause it appear that they legit/genuine, but which is not. Remember that the more BTC adoption goes recognized, the more reason for scammers to take advantage of such situation.

Proper research is always the key in order to avoid any scams in dealing with an exchange. Remember also that prevention is always better than cure- that is why always read reviews and feedbacks in order to strengthen the security.

Proper research lets the user stay cautious from scammers. Important thing that needs to be focused is the buying option. Different gambling platforms support buying of cryptocurrencies through third party services. This will make the platform trusted as well as lets you get the cryptocurrency with ease than using different sources for buying.

[Zilon]

There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

Use only trusted exchanges and it already provides a sense of security from the unexpected to avoid scammers. Indeed research is important, but for someone who already believes in Bitcoin there is no need to go too deep. Just need to visit a secure exchange.

Perhaps most crypto bets such as using casino-provided altcoins are more likely to have low shipping costs. For beginners who really want to try betting crypto, it won't be too much of a burden.

More people are getting awareness on Bitcoin and crypto currency and many scammers are taking advantage of the age to create fake exchange links and most new users might not know much on how to choose a legit exchange for themselves. My primary advice is seeking help from trusted people on how to get the right addresses for legitimate exchanges

Cryptocurrency gambling is just the surest and easiest gambling options available now that just cross across boarders so having a legit exchange gives one an edge ready for the crypto gambling industry

[AmoreJaz]

There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

Use only trusted exchanges and it already provides a sense of security from the unexpected to avoid scammers. Indeed research is important, but for someone who already believes in Bitcoin there is no need to go too deep. Just need to visit a secure exchange.

Perhaps most crypto bets such as using casino-provided altcoins are more likely to have low shipping costs. For beginners who really want to try betting crypto, it won't be too much of a burden.

More people are getting awareness on Bitcoin and crypto currency and many scammers are taking advantage of the age to create fake exchange links and most new users might not know much on how to choose a legit exchange for themselves. My primary advice is seeking help from trusted people on how to get the right addresses for legitimate exchanges

Cryptocurrency gambling is just the surest and easiest gambling options available now that just cross across boarders so having a legit exchange gives one an edge ready for the crypto gambling industry

this is the reason why there are so many phishing websites that are luring naive users and even offering too good to be true promises. so before you sign up, make sure the site is the official one, you can practically search it via web, if there is/are existing complaints or issues.
in terms of crypto gambling, if you are already here in the forum, better play on known reputable casinos with existing thread here. because they can easily help you if they have account in the forum. but if you are playing on a casino which can't be found here, that would be hard for other users to assist you.

[South Park]

The truth is, I believe that betting with crypto is much better because there are many ways to be anonymous, currently the platforms are demanding a lot of KYC, which can be equated with the requirements of FIAT money, which always require being registered and having certain identification, currently it is a prerequisite for some platforms. When we make bets with crypto it is simpler, they can be made at any time of the day and the ease is that it can be done in any cryptocurrency that the platform accepts, this guarantees the low fee required.

KYC vs no-KYC will always be like a cat and rat game
even if gonverments enforce casinos to ask for KYC they could move to different countries where there aren't laws like that

KYC can hurt more than help too because it incentive people to fake documents and create an incentive for black markets to be stronger on stolen documents
idk

Governments around the world are power hungry, they want more and more power but it comes to a point in which people realize that their everyday lives are many times harder than usual just because the governments cannot stop interfering with them, most people that gamble are not interested in laundering money or anything like that, they just want to enjoy the games and yet we need to endure being treated as criminals when the only thing we wanted was to get some fun, so it is no wonder why casinos that respect the privacy of their users are so popular now.

[Finestream]

What advantage does the crypto betting has over Fait betting?

There's so many advantages of why people prefer to bet using crypto rather than fiat and because it is already in a form of a digital currency, that makes it perfect and it is already converted in every currency throughout the world and people can now easily place their bets fast in a secure line. You just have to know where are the proper sites to gamble without getting scammed.

Also, it's is decentralized meaning there's no government authority or a middle man who monitors every move you make with your own money/asset. So in this space, you get to control your own money and every transactions you do without worrying about the tax and it's also secure and private because your identity isn't attached.

[l3pox]

What advantage does the crypto betting has over Fait betting?

The only advantage is the true essence of crypto: It's borderless and can't be controlled. So you can bet from anywhere without being afraid to lost your money.

But it has some disadvantages too, of course: with crypto betting is much more easier for books to block you and steal your money.

tradeoffs
we always have to remember that there are risks when sending crypto to wallets you don't control the keys (like any online casino)
but you can probably trust the most famous ones and the ones who are advertising here on bitcointalk for years now.

[Lanatsa]

What advantage does the crypto betting has over Fait betting?

The only advantage is the true essence of crypto: It's borderless and can't be controlled. So you can bet from anywhere without being afraid to lost your money.

But it has some disadvantages too, of course: with crypto betting is much more easier for books to block you and steal your money.

tradeoffs
we always have to remember that there are risks when sending crypto to wallets you don't control the keys (like any online casino)
but you can probably trust the most famous ones and the ones who are advertising here on bitcointalk for years now.

Just some common sense for you to do on making out deposits into platforms or sites which is more reputable or known but it isn't bad to test out new sites either but you do know the risk is high which

its is understandable that you would or should stick out on reputable ones to make yourself get involved with less risk but speaking with betting or gambling activity itself then risk would really be just

the same or odds on making profits.Crypto and Fiat betting does have difference with just simply basing with centralized and being decentralized.

[l3pox]

<...>
Just some common sense for you to do on making out deposits into platforms or sites which is more reputable or known but it isn't bad to test out new sites either but you do know the risk is high which

its is understandable that you would or should stick out on reputable ones to make yourself get involved with less risk but speaking with betting or gambling activity itself then risk would really be just

the same or odds on making profits.Crypto and Fiat betting does have difference with just simply basing with centralized and being decentralized.

oh, you're right!
no problem on testing new websites, in these cases it's good to keep in mind that they can be more risky so coud be a good idea to deposit just a fraction of the total amount you'd deposit on other websites.
for sure

[Lordshiva]

Well actually i prefer both kinds of gambling/betting. Initially i started with fiat betting only and for 2-3 years i done only that . then when i got introduced to bitcoin i started betting with that, the only problem i faced in bitcoin when bitcoin started to fall at that time it started to divert my mind and that sometimes result in loss as well because i tried to cover that as well.

[Quidat]

Well actually i prefer both kinds of gambling/betting. Initially i started with fiat betting only and for 2-3 years i done only that . then when i got introduced to bitcoin i started betting with that, the only problem i faced in bitcoin when bitcoin started to fall at that time it started to divert my mind and that sometimes result in loss as well because i tried to cover that as well.

Im a fiat gambler wayback on which using up my credit card which it cant really be denied that transaction is a breeze but of course everything you had done is tracked speciall on how you do spend up your money and of course you're been monitored by your bank
plus having more interest rates out of your credit and when crypto had pop out in the market and seeing anonymity and easy access
then it cant really be denied that experience was the best.

[madnessteat]

For me, as for many other crypto-enthusiasts, the main advantage of using cryptocurrencies in betting and other areas is the ability to remain anonymous when making payments. Besides, I don't need to go somewhere to play slots or poker. I do not need to make payments from my bank card, which allows bank officials to know more about me than they should. 

[paxmao]

Betting has historically been a well known use of bitcoin and crypto in general. There is something about the first people that adopted crypto in the early stages that hints to an interest for taking risks and betting. Apart from that, betting is a way of laundering money and, again, there is no point in denying that some crypto users really want that type of thing.

[Rengga Jati]

I cannot say which is better.
But for me, crypto better is my first option, and this is much better. Except for privacy, it is also about availability.
Betting or gambling is illegal in my country. But I can actually find so many gambling with fiat, but of course, they are doing this by avoiding police 

This is simply why crypto betting is more suitable to do.
Although there are also some online websites that also provide fiat currencies to the bet, I will prefer to choose crypto betting.
Easiness, privacy, fast, and we can also find them on reputable gambling platforms, with lower fees also.

[wxa7115]

Also, it's is decentralized meaning there's no government authority or a middle man who monitors every move you make with your own money/asset. So in this space, you get to control your own money and every transactions you do without worrying about the tax and it's also secure and private because your identity isn't attached.

This is not exactly correct, after all we must remember the blockchain is public and anyone can look at very single transaction that was ever made, so I am sure governments are keeping track of everything that is happening on the blockchain, however the advantage of bitcoin comes from the fact you can open a wallet without the need to go through KYC or to wait in line as you would need to do so in a bank, something important during the times of the pandemic.

However even with that monitoring taking place I still think bitcoin is way superior to what you can get with the fiat system and it has created a perfect combination with the gambling industry, which is why it has grown significantly even during the pandemic.

[carlfebz2]

I cannot say which is better.
But for me, crypto better is my first option, and this is much better. Except for privacy, it is also about availability.
Betting or gambling is illegal in my country. But I can actually find so many gambling with fiat, but of course, they are doing this by avoiding police 

This is simply why crypto betting is more suitable to do.
Although there are also some online websites that also provide fiat currencies to the bet, I will prefer to choose crypto betting.
Easiness, privacy, fast, and we can also find them on reputable gambling platforms, with lower fees also.

You could actually make differences even you do just close your eyes because you could actually spot out the differences of a centralized and a decentralize
one which it isnt really hard to tell on which is more better.

There are really just people whom do really love still on dealing with fiat which is less hassle but yeah its centralized yet you are using banks
on doing gambling.

Unlike in crypto which is really in total opposite direction.