Fiat-betting to crypto+betting

[Lanatsa]

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

Majority of us do really hate up KYC that's why its just really that part of common sense on which one you would really be preferring into and there are lots of options out there for you to take.

Its just understandable that you would really be complying verifications when you do deal with fiat bookies and none for those who are
crypto platforms which majority is been preferring into.

Your choice which one you would really like to deal with.

[sunsilk]

Majority of us do really hate up KYC that's why its just really that part of common sense on which one you would really be preferring into and there are lots of options out there for you to take.

Its just understandable that you would really be complying verifications when you do deal with fiat bookies and none for those who are
crypto platforms which majority is been preferring into.

Your choice which one you would really like to deal with.

We don't like us being asked for KYC.

But when the casino where we're staying does, we have no option but just to take on it and go on with what they're asking for. Dealing with it is the only choice especially if you have big funds being there.

It's liked being hostage as I've read from someone telling how it's like he's being asked for KYC before touching his own money.

[xSkylarx]

Majority of us do really hate up KYC that's why its just really that part of common sense on which one you would really be preferring into and there are lots of options out there for you to take.

Its just understandable that you would really be complying verifications when you do deal with fiat bookies and none for those who are
crypto platforms which majority is been preferring into.

Your choice which one you would really like to deal with.

We don't like us being asked for KYC.

But when the casino where we're staying does, we have no option but just to take on it and go on with what they're asking for. Dealing with it is the only choice especially if you have big funds being there.

It's liked being hostage as I've read from someone telling how it's like he's being asked for KYC before touching his own money.

Accept this, and what will happen is that those gamblers who are too lazy to do KYC will go to another website that does not require KYC. However, if they do have funds in that website, we are usually forced to perform KYC. I know they will keep it private with data privacy, but I don't have 100 percent trust in that. Still, we don't have anything to do but do the KYC or transfer to another website, but as a lazy gambler, I usually transfer to another website because there are so many now.

[AicecreaME]

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 regime of Bitcoin has made online transactions easier for everyone.

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?

Online betting has become more popular and played all over the world. It made the lives of those people who want to play easier because they can bet whenever they want to, wherever they are. It's more convenient to use and it adds on the entertainment aspect of most people, especially right now that we are in the middle of a pandemic.

I agree to most of what you have said, but I have other parts where I beg to disagree as well. It's true that the era of traditional betting is almost gone because almost everything is digitalized nowadays. The technology is evolving and so are the products and services being offered. Hence, most bettings also adapted to the changes and made their way online. There are now so many websites to choose from. You just have to pick what suits your preferences. However, I don't agree that gambling is only for the rich. Gambling is for everyone, before and up until today. Only that it became more inclusive because of the transition.

People can pick between fiat at crypto betting. Either of the two is okay as long as they are betting responsibly. But to answer your question, I think the advantages crypto betting has to offer over fiat betting would be: having more options, it is diverse in terms of betting payment and withdrawal, some of it does not require KYC which is a plus for those people who are uncomfortable with it, has more privacy, easy to claim prizes (in reputable sites).

[danherbias07]

I think the big advantage is you don't need to go out and be safe at playing at your own home.
You can play slots, dice, blackjack and even poker with just the minimum use of a bluff and still have fun. Cryptocurrencies + pandemic is a good combination and it's like everything is written for it to happen. I am not saying I am happy the pandemic came but it did open up a lot of eyes into how they can make their lives easier by using other means such as cryptocurrencies for paying bills and gambling in this case.
As of now, I keep a bit of stablecoins which I don't do before just because it's the faster way to transact and widely accepted.

[michellee]

1. It's more private

Honestly speaking, no it's not. Crypto betting is slowly moving to fiat gambling standards. More and more sportsbooks are now asking for KYC. That said, the casino part of crypto gambling is still very safe and respects privacy.

Indeed. The government seems to want to know who the player is and trying to ask KYC to the casino and maybe that is why the casino is trying to apply KYC to their members. But hopefully, there is still a crypto betting that does not require KYC to its members, especially if the crypto betting site is hosted in the country that allows gambling. So we have our options to select which crypto betting site we will use to gamble and always avoid playing in the crypto gambling site that requires KYC.

[Lucasgabd]

Majority of us do really hate up KYC that's why its just really that part of common sense on which one you would really be preferring into and there are lots of options out there for you to take.

Its just understandable that you would really be complying verifications when you do deal with fiat bookies and none for those who are
crypto platforms which majority is been preferring into.

Your choice which one you would really like to deal with.

it's interesting because apart of our personal opinions on that KYC is useless, it hurts more than helps.
but of course the ones that makes these rules doens't seem to care, or don't even think about the second order effects on their decisions.

[Zilon]

Crypto betting has come to solve the issues and limitations we had while gambling with fiat. We had issues like currency conversion mostly for international gambling sites, issues of KYC verification before withdrawal and deposit, issues of government regulation on gambling. Crypto gambling brought a new era to the gambling sector.

[Lanatsa]

Crypto betting has come to solve the issues and limitations we had while gambling with fiat. We had issues like currency conversion mostly for international gambling sites, issues of KYC verification before withdrawal and deposit, issues of government regulation on gambling. Crypto gambling brought a new era to the gambling sector.

When this market had existed then all of things had been changed on which those centralized and some factors that do block a certain individual because of such factors which would really be that a big problem or would prohibit you out on playing because not all does have credit/debit card which means its really
a hard part on doing so. When crypto had existed then it did really solve of of those problem in related to this manner.

[worldofcoins]

Crypto betting is better compared to fiat-betting for these reasons -

- You don't have to pay taxes on your deposits and withdrawals on a crypto casino.
- You have faster deposits and withdrawals
- Significantly less house edge compared to fiat-based betting, People have been telling me they're betting in a casino that charges them with 20% house edge and I say it's crazy.

[Lucasgabd]

Crypto betting has come to solve the issues and limitations we had while gambling with fiat. We had issues like currency conversion mostly for international gambling sites, issues of KYC verification before withdrawal and deposit, issues of government regulation on gambling. Crypto gambling brought a new era to the gambling sector.

like satoshi said: new territory of freedom  
not sure if he envisioned ALL the applications that would be able to use this territory, but maybe...
gambling included, be it good or bad

[carlfebz2]

Crypto betting is better compared to fiat-betting for these reasons -

- You don't have to pay taxes on your deposits and withdrawals on a crypto casino.
- You have faster deposits and withdrawals
- Significantly less house edge compared to fiat-based betting, People have been telling me they're betting in a casino that charges them with 20% house edge and I say it's crazy.

Adding up;

-You could play whenever you do like since you can access it through online.
-No need of credit/debit cards
-No need for personal information
-You can play with small amounts
-Anonymous

You could really tell the difference if you do tend to experience both.

[tippytoes]

1. It's more private

Honestly speaking, no it's not. Crypto betting is slowly moving to fiat gambling standards. More and more sportsbooks are now asking for KYC. That said, the casino part of crypto gambling is still very safe and respects privacy.

Indeed. The government seems to want to know who the player is and trying to ask KYC to the casino and maybe that is why the casino is trying to apply KYC to their members. But hopefully, there is still a crypto betting that does not require KYC to its members, especially if the crypto betting site is hosted in the country that allows gambling. So we have our options to select which crypto betting site we will use to gamble and always avoid playing in the crypto gambling site that requires KYC.

Actually, there are still a lot of known crypto sportsbooks in this forum that don't require KYC. However, if you are high roller, expect that the casino may possibly ask your KYC as per requirement of their gambling license. But other than this KYC stuff, crypto casinos have other advantages as you can play with other alts and let's say, you can play cheap. You can even bet in some casinos like 100 sats or its equivalent in other alts. So if you just want to enjoy the game and want to have fun bet, you can always do.

[adzino]

Crypto betting does provide a lot of advantages.
1. It's more private
2. It have more options
3. It's more varied and more games are available on the sites, more colourful as well.
4. The online betting is more successful while integrated with the crypto, online fiat betting is not that interesting for people ( very good for quarantine )
5. You can also bet internationally easier than betting with fiat hands down.
There are many more things as well, for me I prefer betting with cryptocurrencies since fiat doesn't come with much options.

You do have a lot of advantages, but not those that are on your list.

1. Most of the crypto casino will require you to go through some sort of KYC. So you no longer remain "private".
2. Such as? Fiat casinos have better gambling options in my opinion. But Crypto casinos are catching up.
3. More varied but most of them are almost identical.
4. How is crypto better any different than fiat betting? It's all the same. Just different mode of payment.
5. Makes no sense.

[Oasisman]

1. It's more private

Honestly speaking, no it's not. Crypto betting is slowly moving to fiat gambling standards. More and more sportsbooks are now asking for KYC. That said, the casino part of crypto gambling is still very safe and respects privacy.

2. It have more options

Actually, crypto gambling sites are miles behind when it comes to fiat online casinos but yeah better than local sportsbook where you have to wait in queues and then go back to cash your winnings.

I believe crypto gambling was much better with no restrictions and KYC but the way it's going now, I can't say it's progressing too well.

Time would inevitably come that every crypto casino and exchanges would require KYC mandatorily.
So, I guess anonymity will no longer be an advantage in the next few years.
What I can personally see in an online crypto betting as an advantage is the comfortability of betting experience inside your room especially during this pandemic. Easy access and faster transaction.

I don't think there's an online casino that has no restrictions because it will be abused especially the reward system.
I only agree that online casino is better without the KYC.

[bL4nkcode]

We are gradually walking into the blockchain era. God bless Satoshi Nakamoto.

I would say it's because of digital transformation, though crypto/blockchain pull lots of advantages for betting/gambling. But these advantages have a lot of risks as well, e.g. your personal information.

Online/crypto betting have more risks regarding money transferring as well, one mistake is a huge mess, can't be refunded by any means, and unfollowing or do against TOS/T&C is equivalent to closing an account and etc. that's why reading T&C is a huge help before registering and following instructions is a must in any digital activities, else accept the consequences.

[sunsilk]

Majority of us do really hate up KYC that's why its just really that part of common sense on which one you would really be preferring into and there are lots of options out there for you to take.

Its just understandable that you would really be complying verifications when you do deal with fiat bookies and none for those who are
crypto platforms which majority is been preferring into.

Your choice which one you would really like to deal with.

We don't like us being asked for KYC.

But when the casino where we're staying does, we have no option but just to take on it and go on with what they're asking for. Dealing with it is the only choice especially if you have big funds being there.

It's liked being hostage as I've read from someone telling how it's like he's being asked for KYC before touching his own money.

Accept this, and what will happen is that those gamblers who are too lazy to do KYC will go to another website that does not require KYC. However, if they do have funds in that website, we are usually forced to perform KYC. I know they will keep it private with data privacy, but I don't have 100 percent trust in that. Still, we don't have anything to do but do the KYC or transfer to another website, but as a lazy gambler, I usually transfer to another website because there are so many now.

Yes, that how it goes.

If we don't like that we're asked for it, we'll just take our funds and withdraw it from here to there, to the another casino that don't asks it.

And when the new casino where we deposited starts to ask the same, then we'll just do the same thing. But if the casino where in we play asks that we do like them, we wouldn't mind complying.

[goinmerry]

Is it really necessary to discuss the advantages of crypto betting over fiat betting? For what? Encouragement?

Remember not all gamblers are crypto-oriented and simply just don't want to crypto. It will be biased if we will just push our own preferences to them. As long as gamblers are enjoying advantages at either fiat or crypto betting, that's what matters.

Choose what you preferred, simple as that.

I don't understand why you are actively promoting one of the biggest crypto casino and sportsbook, if you don't like crypto gambling and don't see how it's better than fiat one. This gambling platform is fully committed to crypto gambling and doesn't even offer to bet with stable coins, then members of its community are mostly crypto fans. Moreover fiat gambling operators don't need publicity they are already everywhere on internet and in real life.

What are you even saying? Did you understand the context of my post? Where did I mention that I don't like crypto gambling? Of course I will choose crypto gambling because like I said, choose what we preferred. And just because I'm promoting a sportsbook, it doesn't mean they will have control of our preference.

You can't control the preferences of others just because you are in crypto gambling over fiat gambling. You can't also say that just because in our eyes we see crypto gambling is better over fiat, that should be the same view on other people, especially on fiat gambling.

[michellee]

1. It's more private

Honestly speaking, no it's not. Crypto betting is slowly moving to fiat gambling standards. More and more sportsbooks are now asking for KYC. That said, the casino part of crypto gambling is still very safe and respects privacy.

Indeed. The government seems to want to know who the player is and trying to ask KYC to the casino and maybe that is why the casino is trying to apply KYC to their members. But hopefully, there is still a crypto betting that does not require KYC to its members, especially if the crypto betting site is hosted in the country that allows gambling. So we have our options to select which crypto betting site we will use to gamble and always avoid playing in the crypto gambling site that requires KYC.

Actually, there are still a lot of known crypto sportsbooks in this forum that don't require KYC. However, if you are high roller, expect that the casino may possibly ask your KYC as per requirement of their gambling license. But other than this KYC stuff, crypto casinos have other advantages as you can play with other alts and let's say, you can play cheap. You can even bet in some casinos like 100 sats or its equivalent in other alts. So if you just want to enjoy the game and want to have fun bet, you can always do.

If you are a high roller in a Sportbook, I think you can select the recommended Sportbook with reputation, even if that Sportbook requires KYC, because you will have a big chance to make a lot of money from the match. Besides that, using that Sportbook will not give you a problem in the future as they are one of the Sportbook that have a good reputation so they will not disappoint their customer. Placing a bet in the Sportbook or regular casino that requires KYC or is free from KYC with a limitation will depend on how you feel comfortable sending your document. So maybe that will be back to yourself before you register on the gambling website.

[alegotardo]

What advantage does the crypto betting has over Fait betting?

In my point of view, the main advantage was the variety of options that emerged.
Today it is possible to place bets from anywhere in bookmakers that are also anywhere in the world.
Of course, the crypto bets we have today may not be as secure as they once were, as they lack many regulations, but with so many good options out there, it is possible to greatly limit the risks.
Privacy is also another important factor that came up with crypto betting.