Crypto Bet: A wider Array of Altcoins are being usef

[Frankolala]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat. And that there is a greater interest in betting with Altcoins.
  Over the past two years,gamblers using crypto online instead of Fiat has significantly increased.The study comes from softswiss,which provides software for managing iGaming operations.The organization holds several gaming license and was the first company in the world to offer a Bitcoin optimized casino solution.
Softswiss said the share of crypto in Q1 2022, increased by almost 10%: from 26.3% to 35.9%. In comparison to the first quarter in 2020,the share of crypto currencies has grown by 29%. If such dynamic continue,the share of Fiat and crypto currencies may become equal over the course of the next year,as Fiat currently is the most popular choice for online betting,64% of people use Fiat.
https://beincrypto.com/crypto-bets-a-wider-array-of-altcoins-are-being-used/

[1715229245]

1715229245

[bittraffic]

I tried searching for its source but only other coin news are appearing. You will have to register on softswiss to really check their data but here is one of the link that I think is known in this forum.

I believe the use of crypto is increasing in betting compare to fiat. But BTC is more used in casinos than than altcoins though., there is just no data about it.

Code:

https://beincrypto.com/crypto-bets-a-wider-array-of-altcoins-are-being-used/

[swogerino]

Crypto betting offers the most comfortable way of betting for a lot of people.Some persons are gamblers but they also have a family and do not want their wife to find out in their credit card statement that they are gambling.The credit card statement can be seen by family members while by playing with crypto is very difficult to see,in this way this is the most comfortable form of gambling and therefore it is only natural that this will only increase with the passing of time as more and more people join in.

[bitterguy28]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat. And that there is a greater interest in betting with Altcoins.
  Over the past two years,gamblers using crypto online instead of Fiat has significantly increased.The study comes from softswiss,which provides software for managing iGaming operations.The organization holds several gaming license and was the first company in the world to offer a Bitcoin optimized casino solution.
Softswiss said the share of crypto in Q1 2022, increased by almost 10%: from 26.3% to 35.9%. In comparison to the first quarter in 2020,the share of crypto currencies has grown by 29%. If such dynamic continue,the share of Fiat and crypto currencies may become equal over the course of the next year,as Fiat currently is the most popular choice for online betting,64% of people use Fiat.
https://beincrypto.com/crypto-bets-a-wider-array-of-altcoins-are-being-used/

You have just showing how cheap your company is mate , not even posting your ANN Thread as formal as it was  so i believe that you are not trustworthy in terms of gambling.

I will not even checking that site of yours lol .

but Indeed that it is Gambling that we love doing and with of course using altcoins lol.

[traderethereum]

It seems that starting last year, crypto gambling has started to grow even bigger than in previous years.
And that makes crypto gambling able to attract the attention of people who are used to gambling using fiat to switch to using crypto.
Crypto casinos offer convenience for gamblers to play gambling without providing detailed information.
In addition, gamblers have a large selection of coins that can be used to deposit and withdraw their money.

[acroman08]

You have just showing how cheap your company is mate , not even posting your ANN Thread as formal as it was  so i believe that you are not trustworthy in terms of gambling.

I will not even checking that site of yours lol .

but Indeed that it is Gambling that we love doing and with of course using altcoins lol.

I don't think OP is advertising a gambling site or any site, if you click the link and look at the title of the article you'll see that the OP just copied it. I know it must have been confusing since there is a gambling site called cryptobet.com(which is currently down)

[fiulpro]

Ofcourse.
You have to understand that the transfer fee of Bitcoin is very high as compared to other *Altcoins* who have a much lower transfer fee which means the users might save a lot if they are super frequent with gambling as well. I think other that that you must find better sites to actually get into as well. There are certain sites which can give you better options than the site you mentioned is not looking safe and you can also refer to BTCGOSU for further information about the current sites and you can also try playing on the sites which are using tokens perse. There are a lot of places that you can find using ETH but there won't be conversion possible.

[Pmalek]

I am actually surprised that the market share of cryptocurrency casino is over 35%. I thought those numbers were far lower. I think in the future some of the best fiat casinos and sportsbooks will adopt crypto in order to not lose their customers to other platforms. I am talking about giants giants like bwin, bet365, William Hill, etc. It's obvious that people are getting more and more hooked gambling with crypto and the reasons don't matter.

[YOSHIE]

I'm sure many have said and conducted studies about gambling and crypto, indeed crypto is relatively safe and easy to use by gambling users in general, rather than fiat and traditional gambling.

The proliferation of digital game-based crypto types, more and more gambling sites that offer sites and games in Altcoin, what's more, NFT games are now booming, with an ecosystem, technology and blockchain are available, it can be predicted that by 2022 gambling sites that provide deposits and withdrawals with crypto gambling sites, for example there are 1000 sites listed, maybe 2025 it can be 3x or all gambling sites will use Altcoins for their main requirements.

No wonder the current gambling industry based on studies is more favored by gambling users.

[Doell]

I read the article shared above, interestingly Ethereum and Litecoin also increased by a few percent. But still Bitcoin dominates crypto gambling, what @Pmalek said is true fiat gambling platforms will gradually start thinking about accepting Crypto so as not to lose customers. By the way, after Bitcoin hit ATH previously we saw a lot of new gambling sites popping up too, I think the price trend became the attraction of gambling companies.

[Haunebu]

This is common knowledge op. So many gamblers around the world including me utilise popular cryptocurrencies like BTC, LTC, Doge etc in order to avoid KYC and enjoy gambling anonymously online.

Cryptocurrencies are especially useful in countries that ban gambling completely(Offline and Online). However, I am not expecting crypto share to overtake FIAT share anytime soon.

[Fivestar4everMVP]

Probably those still gambling with fiat currencies are those who are not into crypto yet, cus I honestly do not understand why people will still gamble with fiat when they can actually do it easily with crypto.
Crypto has made online transactions very easy, most especially in gambling, I personally have never gambled with fiat again ever since I got into crypto.
I understand that fiat still have the bigger market share in gambling only because crypto is still a growing form of payment, I believe with time, as more people come into this space, crypto is gonna become the dominant currency for the gambling world.

[boyptc]

It's actually going there.

We all knew how big and becoming bigger crypto gambling is. This is providing the ease to most users and even there are countries that have banned physical gambling, their citizens have the choice to gamble online with crypto and anonymously.

But thing is starting to change due to many casinos asking for KYCs. And if that user is from a country that has banned gambling and it's also prohibited by the casino, they'll be stopped to use the platform.

They have no choice but to accept it and likely to look for another place to gamble which supports the crypto that they use to gamble.

[Quidat]

This is common knowledge op. So many gamblers around the world including me utilise popular cryptocurrencies like BTC, LTC, Doge etc in order to avoid KYC and enjoy gambling anonymously online.

Cryptocurrencies are especially useful in countries that ban gambling completely(Offline and Online). However, I am not expecting crypto share to overtake FIAT share anytime soon.

All possibilities is there yet we've seen on how fast crypto gambling industry make it big in a short span of time or several years which do really generates out tons of revenue and its true that its been already in default that lots of coin options for us to make use since there are gamblers/players who do really likes to play with altcoins instead of BTC alone.The more options to have the
better and much preferred by most people on this market.

[Wexnident]

It isn't that odd to be fair, there are crypto casinos out there that solely accept crypto after all and people are rather accepting of them. It's probably the most successful industry really in terms of considering how Crypto is used as a medium of payment, compared to others that are close to non-existent. There's also the matter that compared to other industries, casinos are the only ones (afaik) that has pretty much created a separate industry for crypto, e.g. crypto casinos and fiat casinos. It wouldn't be odd then to see crypto usage in casinos to grow because of that.

[rodskee]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat. And that there is a greater interest in betting with Altcoins.
  Over the past two years,gamblers using crypto online instead of Fiat has significantly increased.The study comes from softswiss,which provides software for managing iGaming operations.The organization holds several gaming license and was the first company in the world to offer a Bitcoin optimized casino solution.
Softswiss said the share of crypto in Q1 2022, increased by almost 10%: from 26.3% to 35.9%. In comparison to the first quarter in 2020,the share of crypto currencies has grown by 29%. If such dynamic continue,the share of Fiat and crypto currencies may become equal over the course of the next year,as Fiat currently is the most popular choice for online betting,64% of people use Fiat.
https://beincrypto.com/crypto-bets-a-wider-array-of-altcoins-are-being-used/

Am not sure what is your motive in this topic mate  , but if you are considering about Altcoins using for gambling ? I am  considering as Gambling  being held using multiple funds , even crypto users are using Fiat at some point because i am also in that matter .

anyway lets see what will be the main answers of the majority in this community .

[Pmalek]

Probably those still gambling with fiat currencies are those who are not into crypto yet, cus I honestly do not understand why people will still gamble with fiat when they can actually do it easily with crypto.

You make it sound like it's difficult to gamble with fiat. It isn't. Fiat casinos and sportsbooks have been around much longer than crypto casinos and they work just the way they are supposed to. I have started gambling on sports before I got interested in Bitcoin and I still do it. I actually prefer losing fiat than BTC, so I play more on traditional platforms. I wager Bitcoins on the things I consider safe bets. 

Crypto has made online transactions very easy, most especially in gambling...

Any computer literate person shouldn't have difficulties making a transaction either to a fiat or a crypto casino. Neither of the two are easier or more difficult than the other.

[michellee]

I think gamblers switch from using fiat to crypto because it is easy to use crypto and can be used for gambling too. In addition, people who start using crypto also see crypto as a way of investing because of the many options they can use as their investment. As an option to gamble, they are facilitated with lots of coins to gamble on and with the low cost of sending and withdrawing transactions that are cheaper than fiat.

[rhomelmabini]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat. And that there is a greater interest in betting with Altcoins.
  Over the past two years,gamblers using crypto online instead of Fiat has significantly increased.The study comes from softswiss,which provides software for managing iGaming operations.The organization holds several gaming license and was the first company in the world to offer a Bitcoin optimized casino solution.
Softswiss said the share of crypto in Q1 2022, increased by almost 10%: from 26.3% to 35.9%. In comparison to the first quarter in 2020,the share of crypto currencies has grown by 29%. If such dynamic continue,the share of Fiat and crypto currencies may become equal over the course of the next year,as Fiat currently is the most popular choice for online betting,64% of people use Fiat.
https://beincrypto.com/crypto-bets-a-wider-array-of-altcoins-are-being-used/

People tend to embrace new things and using crypto to gamble online is a trend right now and people are noticing how convenient it was too. If I were to pick which one is best, I think online betting or gambling is best when playing online especially if you're just into luck based gambling. The pandemic help this industry to even expand.

[dimonstration]

I think gamblers switch from using fiat to crypto because it is easy to use crypto and can be used for gambling too. In addition, people who start using crypto also see crypto as a way of investing because of the many options they can use as their investment. As an option to gamble, they are facilitated with lots of coins to gamble on and with the low cost of sending and withdrawing transactions that are cheaper than fiat.

The pandemic is another factor that highlights the advantage of crypto via fiat since it has lot of limitation and restrictions when it comes to online gambling. I don't know if we can already say that crypto casino is already gaining more players than fiat without any legit statistics to support but one thing is for sure that crypto casino increase there volume and valuation when pandemic hits so maybe online fiat casino is now starting to slowly adopt crypto.

[AicecreaME]

Crypto betting offers the most comfortable way of betting for a lot of people.Some persons are gamblers but they also have a family and do not want their wife to find out in their credit card statement that they are gambling.The credit card statement can be seen by family members while by playing with crypto is very difficult to see,in this way this is the most comfortable form of gambling and therefore it is only natural that this will only increase with the passing of time as more and more people join in.

Agree with this. Crypto betting has been widely used by gamblers due to the reasons you've mentioned such as to avoid card history of gambling betting and of course, to hide the transactions about it from their relatives most especially to their family, wife, or girlfriend/boyfriend. Although I'm not quite certain regarding the usage of altcoins in gambling website and casinos. Because as far as i know, the most popular and widely used in casinos is bitcoin.

I seldom hear that a website is accepting altcoins in betting. But I know there are a few already accepting it. Not just being wide used though. Perhaps OP you could put where you got the information so that we could also verify.

[kaya11]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat. And that there is a greater interest in betting with Altcoins.
  Over the past two years,gamblers using crypto online instead of Fiat has significantly increased.The study comes from softswiss,which provides software for managing iGaming operations.The organization holds several gaming license and was the first company in the world to offer a Bitcoin optimized casino solution.
Softswiss said the share of crypto in Q1 2022, increased by almost 10%: from 26.3% to 35.9%. In comparison to the first quarter in 2020,the share of crypto currencies has grown by 29%. If such dynamic continue,the share of Fiat and crypto currencies may become equal over the course of the next year,as Fiat currently is the most popular choice for online betting,64% of people use Fiat.
https://beincrypto.com/crypto-bets-a-wider-array-of-altcoins-are-being-used/

There are lots of features that crypto gambling offers, that is why the players moves in. They can see how easy it is to manage, being anonymous, less transaction fees and so many perks. Since crypto currencies is gaining worldwide acceptance, they are felt secured that it is safe to play in some trustworthy crypto gamble sites. While traditional mode of payments are still an option for withdrawals, it is slowly changing, and crypto currencies are replacing them. These are just some examples why players or gamblers are slowly switching, thus crypto currencies dominating the world of gambling.

[Cling18]

I think gamblers switch from using fiat to crypto because it is easy to use crypto and can be used for gambling too. In addition, people who start using crypto also see crypto as a way of investing because of the many options they can use as their investment. As an option to gamble, they are facilitated with lots of coins to gamble on and with the low cost of sending and withdrawing transactions that are cheaper than fiat.

The pandemic is another factor that highlights the advantage of crypto via fiat since it has lot of limitation and restrictions when it comes to online gambling. I don't know if we can already say that crypto casino is already gaining more players than fiat without any legit statistics to support but one thing is for sure that crypto casino increase there volume and valuation when pandemic hits so maybe online fiat casino is now starting to slowly adopt crypto.

Pandemic is one of the factors why most gamblers have switched to using fiat to crypto because of the convenience that it provides especially during the times that physical casinos have closed. Gamblers are now comfortable using crypto when it comes to gambling because it could also provide profit as they invest in it. People always seek convenience and comfortability and that's what cryptocurrency could provide in gambling.

[zidanw]

Pandemic is one of the factors why most gamblers have switched to using fiat to crypto because of the convenience that it provides especially during the times that physical casinos have closed. Gamblers are now comfortable using crypto when it comes to gambling because it could also provide profit as they invest in it. People always seek convenience and comfortability and that's what cryptocurrency could provide in gambling.

In addition to that, crypto has opened a way and provided the chance and availability of gambling when it comes to countries that have been prohibiting gambling activities among its citizens a and borders. Crypto has also change the game when it comes to the different offerings of games and gimmicks done in gambling.

[gantez]

Cryptocurrency has opened the gambling platforms more to the people. It appearing like every gambling site will set up the cryptocurrency option for players convenient, if you don't do that you are not consider as the top crypto platforms. But bitcoin still remains the first choice of coins use in the game.

[wxa7115]

I am actually surprised that the market share of cryptocurrency casino is over 35%. I thought those numbers were far lower. I think in the future some of the best fiat casinos and sportsbooks will adopt crypto in order to not lose their customers to other platforms. I am talking about giants giants like bwin, bet365, William Hill, etc. It's obvious that people are getting more and more hooked gambling with crypto and the reasons don't matter.

Even if the data was legitimate I think that what it means is that within the gambling solutions offered by that company they are seeing a share of 35% bitcoin and 65% fiat.

However there are many other providers and casinos which have implemented their own solutions which probably do not offer cryptocurrencies at all, which means that the amount of money being gambled with bitcoin is way lower than the percentage that we are being given in this tread.

[Jody.Drummer]

It's no wonder why crypto gambling has become a favorite in recent years. Apart from maintaining their anonymity, they will definitely make crypto the most effective gambling option. As for fiat, you will have interest expense when you withdraw it to your account. Fiat gambling is mostly available at local casinos in every country. Meanwhile, if we use crypto as an alternative to gambling, of course we can be wider in accessing cross-country gambling. That is why crypto is experiencing good growth as a gambler's choice.

[Sterbens]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat. And that there is a greater interest in betting with Altcoins.
  Over the past two years,gamblers using crypto online instead of Fiat has significantly increased.The study comes from softswiss,which provides software for managing iGaming operations.The organization holds several gaming license and was the first company in the world to offer a Bitcoin optimized casino solution.
Softswiss said the share of crypto in Q1 2022, increased by almost 10%: from 26.3% to 35.9%. In comparison to the first quarter in 2020,the share of crypto currencies has grown by 29%. If such dynamic continue,the share of Fiat and crypto currencies may become equal over the course of the next year,as Fiat currently is the most popular choice for online betting,64% of people use Fiat.
https://beincrypto.com/crypto-bets-a-wider-array-of-altcoins-are-being-used/

People tend to embrace new things and using crypto to gamble online is a trend right now and people are noticing how convenient it was too. If I were to pick which one is best, I think online betting or gambling is best when playing online especially if you're just into luck based gambling. The pandemic help this industry to even expand.

Let's review gambling since the pandemic. Both fiat and crypto casinos have become the choice of gamblers in betting their money. Although actually gambling is a risky thing to lose in an instant. Regardless of the fact that crypto is the solution to reach gambling wherever it is. Fiat has certain limitations that are only used by people who are not very fond of crypto. While crypto gamblers can use both as an option.
It is this advantage that makes crypto casinos more dominant when it comes to betting. Plus crypto casinos are popping up that offer massive welcome bonuses, promo, and others that I don't think fiat casinos offer too much.

[magneto]

Not surprising.

I think the primary driver of these statistics is the fact that mainstream influencers are now adopting crypto based casinos and telling others to use it.

There are some concerns with this, though, especially with the surge of "fake money" players who seem to be whales but are in reality just sponsored by the casinos themselves. But overall this is a great trend.

[AmoreJaz]

It's no wonder why crypto gambling has become a favorite in recent years. Apart from maintaining their anonymity, they will definitely make crypto the most effective gambling option. As for fiat, you will have interest expense when you withdraw it to your account. Fiat gambling is mostly available at local casinos in every country. Meanwhile, if we use crypto as an alternative to gambling, of course we can be wider in accessing cross-country gambling. That is why crypto is experiencing good growth as a gambler's choice.

and with the long list of alts available in those online casinos, gamblers have the option to use alts with cheaper fees. and this is also why these casinos can accept small time gamblers. and they can play at the comfort of your home without worrying about anyone looking over your shoulder. i believe during the pandemic period, a lot discovered the world of crypto gambling as they got stuck in their homes and looking for ways how to remove that boredom particularly those gamblers at offline casinos.

[DoublerHunter]

It's no wonder why crypto gambling has become a favorite in recent years. Apart from maintaining their anonymity, they will definitely make crypto the most effective gambling option. As for fiat, you will have interest expense when you withdraw it to your account. Fiat gambling is mostly available at local casinos in every country. Meanwhile, if we use crypto as an alternative to gambling, of course we can be wider in accessing cross-country gambling. That is why crypto is experiencing good growth as a gambler's choice.

^ Probably that is right, many gamblers now prefer to use crypto over fiat because they know that they can play without exposing privacy which is a good option to start. The good thing is, that not only does the BTC network has good potential in all coins that can be used in gambling but there is also some blockchain network that can be used in gambling. I did not surprise that the time will come there are more and more casinos that accept crypto, from fiat to crypto because they know that there are many gamblers who prefer to use crypto over fiat.

[dothebeats]

Lots of coins but only a handful are being accepted by most casinos. Gamblers are limited by their platforms most of the time, though from the profitability perspective, I do understand where they're coming from. But it will also be good if platforms start recognizing other coins and accept them already if the demand and interest is there. But then again, it's not that entirely easy to do so for the platform. Good thing though that most of the coins most platforms choose are those with low fees and fast confirmation times: things that really matter for the gambler that they surely appreciate.

[Darker45]

If I'm not mistaken, one of the earliest use-case of Bitcoin was as a gambling bet. Satoshidice was already in operation in 2012. So it is not surprising that over the years, the growth of crypto gambling is already recognizable.

And it has proven to be very profitable as well. Proof of this is the huge sponsorships of crypto gambling platforms in international sports teams and leagues.

Perhaps one of the main reasons why a lot of gamblers are choosing crypto over fiat is the certain amount of anonymity in it. You are not obliged to submit personal and financial information if you want to play in a crypto gambling site.

[Poker Player]

Although some of you have questioned it, what the OP says does not surprise me. Cryptocurrency gambling has grown just as the shitcoins market has grown. Recently we are seeing a recovery of Bitcoin dominance as happens in crises, but last year, although with peaks, the trend was to lose dominance versus shitcoins. Bitcoin is one but shitcoins do not stop being launched, so many people buy them to see if they hit the jackpot. As for gambling specifically, you can't bet with most of the ones that are launched but one of the reasons to bet with them are fast confirmation times and fees, as mentioned, apart from seeing a possibility of higher potential return.

[Nrcewker]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat. And that there is a greater interest in betting with Altcoins.
 

I guess the reason for choosing cryptos over fiat is due to to the anonymous nature of Cryptos.
Many crypto sportsbook don't ask for KYC if you bet in limit.
In the other hand 98% of the Fiat sportsbook force you to do KYC before placing any bet.
This may be the major reason for people showing interest into crypto and alts and betting into it.
Moreover there are also some people who choose Bitcoins and alts to bet only because of it’s asset value.
Suppose if they bet 0.005 BTC and due to good fortune they won and make around 0.01 BTC and in the next week Bitcoin’s price rises, so definitely in this scenario they will make more profits .
So I guess this is the mindset of people who chooses crypto gambling instead of FIAT gambling.

[michellee]

The pandemic is another factor that highlights the advantage of crypto via fiat since it has lot of limitation and restrictions when it comes to online gambling. I don't know if we can already say that crypto casino is already gaining more players than fiat without any legit statistics to support but one thing is for sure that crypto casino increase there volume and valuation when pandemic hits so maybe online fiat casino is now starting to slowly adopt crypto.

That's right because with this pandemic, people are encouraged to work from home and are not allowed to go anywhere, thus making them use the internet more often than before. From there, it is used by providers who use cryptocurrencies to advertise everywhere and eventually people see crypto and get curious. People who are used to gambling using fiat feel curious about gambling using crypto then they try it and eventually become interested in using it and move to crypto.

[stepwilli]

That's not surprising because cryptos right now are popular compared to where they are few years ago. The more the people learn crypto, the more use cases that they unlock and that includes crypto gambling. Not only crypto gambling but many fiat gambling sites have also emerged. This is due to the pandemic where the offline casino business is slowing down, resulted for those owners and gamblers to migrate online.

Other than cryptos, fiat-based online payments are also becoming a thing now and many companies are still creating their own brands. They are the rival of cryptos other than the stable coins and cryptos that are owned by banks and governments.

[Maus0728]

That's not surprising because cryptos right now are popular compared to where they are few years ago. The more the people learn crypto, the more use cases that they unlock and that includes crypto gambling. Not only crypto gambling but many fiat gambling sites have also emerged. This is due to the pandemic where the offline casino business is slowing down, resulted for those owners and gamblers to migrate online.

Other than cryptos, fiat-based online payments are also becoming a thing now and many companies are still creating their own brands. They are the rival of cryptos other than the stable coins and cryptos that are owned by banks and governments.

Fiat based online payments are already a thing years a go. Even the implementation of it towards the gambling industry were not new. They've just managed to apply the fast transaction idea and the blockchain technology of the crypto but only just using their local fiat. Lastly, if you are more onto gambling especially in your local gambling industry, fiat gambling platforms are common. it's just not popular to some due to it being illegal or there are regulations applied.

[adzino]

1. They are choosing crypto currencies over fiat to gamble because it is just very easy to add your funds and withdraw it. Almost instant with no delays. No risk of your funds getting stuck or rejected by the bank or high transaction fees.

2. They prefer altcoins because altcoins are comparatively faster when it comes to deposit. Almost instant confirmation and a very low fee allows them to start gambling as soon as they send the funds.

[bittraffic]

1. They are choosing crypto currencies over fiat to gamble because it is just very easy to add your funds and withdraw it. Almost instant with no delays. No risk of your funds getting stuck or rejected by the bank or high transaction fees.

2. They prefer altcoins because altcoins are comparatively faster when it comes to deposit. Almost instant confirmation and a very low fee allows them to start gambling as soon as they send the funds.

One would forget they are actually spending money while using altcoins. In the stories of the early adopters of crypto, they were just betting Dogecoin like its nothing. They bet 10K-20K Doge in one roll of dice. Some of us today are also doing the same with SHIB in dice. They don't mind the quantity because he altcoin is cheap.

Couldn't consider this an advantage in using altcoin especially if the altcoin has potential.

[South Park]

1. They are choosing crypto currencies over fiat to gamble because it is just very easy to add your funds and withdraw it. Almost instant with no delays. No risk of your funds getting stuck or rejected by the bank or high transaction fees.

2. They prefer altcoins because altcoins are comparatively faster when it comes to deposit. Almost instant confirmation and a very low fee allows them to start gambling as soon as they send the funds.

I think it is natural that we are seeing people slowly migrating to cryptocurrencies and decide to use them instead of fiat as simply the advantages that they can get by doing so are too important to ignore, the speed factor is really important, many people want to gamble immediately and do not want to wait for a fiat transaction to go through, something that only takes a few minutes with the right altcoins.

[dimonstration]

The pandemic is another factor that highlights the advantage of crypto via fiat since it has lot of limitation and restrictions when it comes to online gambling. I don't know if we can already say that crypto casino is already gaining more players than fiat without any legit statistics to support but one thing is for sure that crypto casino increase there volume and valuation when pandemic hits so maybe online fiat casino is now starting to slowly adopt crypto.

That's right because with this pandemic, people are encouraged to work from home and are not allowed to go anywhere, thus making them use the internet more often than before. From there, it is used by providers who use cryptocurrencies to advertise everywhere and eventually people see crypto and get curious. People who are used to gambling using fiat feel curious about gambling using crypto then they try it and eventually become interested in using it and move to crypto.

Nice input, Actually I was encouraged to gamble more online due to boredom in the house during pandemic. My only source of entertainment was gambling during that time even though I’m not a regular gambler before and also plus the fact that I’m more engaged on gambling in the forum. The transition of fiat based casino to crypto casino is very noticeable as we can see already in the gambling section forumthe increasing number of new casino entering each day and some of them are indeed fiat based that recently add crypto to there wallets as currency. I think this figure will explode more once the pandemic have another round of outbreak which is haplening now on some countries.

[shasan]

I think gamblers switch from using fiat to crypto because it is easy to use crypto and can be used for gambling too. In addition, people who start using crypto also see crypto as a way of investing because of the many options they can use as their investment. As an option to gamble, they are facilitated with lots of coins to gamble on and with the low cost of sending and withdrawing transactions that are cheaper than fiat.

Still now crypto is not traceable that's why people feel free to use crypto instead of fiat a lot of people as they cant gambling with fiat for legal law of those country. And also, at the same time they can buy crypto with their black money too but it is too difficult to buy fiat  and also it takes more time than crypto to be deposited.

[Wiwo]

As the gambling industry keeps growing the rate of cryptocurrency online gambling has increased significantly lately since 2018-to 2022 the number of cryptocurrency gambling has multiplied in a significant proportion and Bitcoin has the highest figure when it comes to cryptocurrency usage on online casinos. There is no doubt that many crypto gambling sites are developing their native altcoin tokens that are used on their platform which allow for a wide range of advantages over Bitcoin usage on such gambling sites and with the Bitcoin scalability set back some gambling sites choose to use such altcoin for faster and cheaper transactions.

[AmoreJaz]

I think gamblers switch from using fiat to crypto because it is easy to use crypto and can be used for gambling too. In addition, people who start using crypto also see crypto as a way of investing because of the many options they can use as their investment. As an option to gamble, they are facilitated with lots of coins to gamble on and with the low cost of sending and withdrawing transactions that are cheaper than fiat.

Still now crypto is not traceable that's why people feel free to use crypto instead of fiat a lot of people as they cant gambling with fiat for legal law of those country. And also, at the same time they can buy crypto with their black money too but it is too difficult to buy fiat  and also it takes more time than crypto to be deposited.

let's put it this way, there are many advantages that a gambler can get from using these crypto casinos. now, it depends on him how he will take advantage of it. if the casino is allowing the use of VPN, that's very attractive to those players who are residing from areas where gambling is not very welcome. and they can find the chance to play because of these casinos. and with the long list of alts that some casinos are accepting, that's another one that they can enjoy also. they can play anonymously, using small amt of funds, what more can they ask for?

[Hamphser]

I think gamblers switch from using fiat to crypto because it is easy to use crypto and can be used for gambling too. In addition, people who start using crypto also see crypto as a way of investing because of the many options they can use as their investment. As an option to gamble, they are facilitated with lots of coins to gamble on and with the low cost of sending and withdrawing transactions that are cheaper than fiat.

Still now crypto is not traceable that's why people feel free to use crypto instead of fiat a lot of people as they cant gambling with fiat for legal law of those country. And also, at the same time they can buy crypto with their black money too but it is too difficult to buy fiat  and also it takes more time than crypto to be deposited.

let's put it this way, there are many advantages that a gambler can get from using these crypto casinos. now, it depends on him how he will take advantage of it. if the casino is allowing the use of VPN, that's very attractive to those players who are residing from areas where gambling is not very welcome. and they can find the chance to play because of these casinos. and with the long list of alts that some casinos are accepting, that's another one that they can enjoy also. they can play anonymously, using small amt of funds, what more can they ask for?

You know that people wont never be that contented even if things or all has been provided already which you would really be seeing these complaints to be that very common as long they could criticize

or something whether its a true or valid one or simply just trolling on something which could really be understandable.We do almost have everything when it comes or via means
of accessibility + anonymity which most gamblers could really hope or ask for.

[LUCKMCFLY]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat. And that there is a greater interest in betting with Altcoins.
  Over the past two years,gamblers using crypto online instead of Fiat has significantly increased.The study comes from softswiss,which provides software for managing iGaming operations.The organization holds several gaming license and was the first company in the world to offer a Bitcoin optimized casino solution.
Softswiss said the share of crypto in Q1 2022, increased by almost 10%: from 26.3% to 35.9%. In comparison to the first quarter in 2020,the share of crypto currencies has grown by 29%. If such dynamic continue,the share of Fiat and crypto currencies may become equal over the course of the next year,as Fiat currently is the most popular choice for online betting,64% of people use Fiat.
https://beincrypto.com/crypto-bets-a-wider-array-of-altcoins-are-being-used/

I think that the main reason for using more cryptocurrencies than fiat money is that you have more control over it, also that cryptocurrencies have an enormous facility to be handled with greater fluidity and sometimes the value in fiat is not seen, which means that at At the time of playing, the player only sees what he will win in terms of crypto but not fiat, the value of fiat is sometimes like a double-edged sword that blocks the player or opens up his decision not to control whatever you spend, it is necessary to emphasize that the volatility of cryptocurrencies makes it say that at a time that it is lost, it can be recovered if the cryptocurrencies that it still has rise in price because the price of btc rises.

[shasan]

First of all the spelling of the title of the topic should be changed to used from usef. The use of altcoin is increasing day by day as the fee of altcoin is too low and comparing with pair it is flexible to users along with transaction fees. Altcoin is very first and user feel secure for their privacy reason.

[coin-investor]

I am actually surprised that the market share of cryptocurrency casino is over 35%. I thought those numbers were far lower. I think in the future some of the best fiat casinos and sportsbooks will adopt crypto in order to not lose their customers to other platforms. I am talking about giants giants like bwin, bet365, William Hill, etc. It's obvious that people are getting more and more hooked gambling with crypto and the reasons don't matter.

It will double in the next few years, I thought it's higher than that figure because almost every week we have a new casino launching here, these stable or old fiat casinos will soon accept Cryptocurrency because it's now what people prefer to play, they have privacy and anonymity compared to fiat where they are exposed, it's hard to be a supporter or investor of Cryptocurrency and yet supporting fiat-based casino, it's just a matter of time.

[CaVO32]

First of all the spelling of the title of the topic should be changed to used from usef. The use of altcoin is increasing day by day as the fee of altcoin is too low and comparing with pair it is flexible to users along with transaction fees. Altcoin is very first and user feel secure for their privacy reason.

The OP should re-visit his thread and yes, need to rectify the typo error on his title.  Alts are becoming popular not only because of the low fees but because of its availability in the casino, they can also play small. Small timers have no problem using small amount of funds if they just want to have fun. Because if you will go to traditional casino, can you go there just having 10 bucks in your pocket? I think you will be hesitant to go inside, right?

[batang_bitcoin]

Alts are becoming popular not only because of the low fees but because of its availability in the casino, they can also play small. Small timers have no problem using small amount of funds if they just want to have fun. Because if you will go to traditional casino, can you go there just having 10 bucks in your pocket? I think you will be hesitant to go inside, right?

Yes, there's a requirement if you typically go to the usual and traditional casinos. But gambling with crypto casinos has a wide various acceptance of cryptos.
They're the ones where gamblers can easily deposit the coins that they like. And those that usually use altcoins, they also have bitcoin but they don't want to spend it because the purpose of it why they hold it is for HODL.

[uneng]

Altcoins may be getting a little more popular in comparison to last year's Q1. But it's undeniable bitcoin's dominance is still overwhelming, as we can see on the article provided by OP:



Interesting that eth's usage has increased 3,45%, even though it has the most expensive fees of crypto market for transactions.

Anyway, it is expected crypto influence in gambling industry continues rising faster and faster from now on, since the marketing is so strong and the promotions very competitive.

[Pmalek]

It will double in the next few years, I thought it's higher than that figure because almost every week we have a new casino launching here, these stable or old fiat casinos will soon accept Cryptocurrency because it's now what people prefer to play, they have privacy and anonymity compared to fiat where they are exposed.

It's a double-edged sword. It's true that we see new casinos popping up almost daily, but so do scam accusations and various issues from players who play at unlicensed and unknown platforms. If you get scammed by such a casino, chances are you will never get your money back.

Regulated fiat casinos are more secure in that regard, and you always have regulators and institutions to turn to if you aren't treated properly. Who do you turn to if you play at an unlicensed crypto casino that has no registered address, no public owner, and accepts only crypto? I am sure that some of the new crypto gambling sites are owned by scammers who got caught with their previous projects and now they are back with a new name and design. 

[wildan88]

It is expected that the majority of people are still using fiat as they get used on that but it is good to know that there is an increase of interest of people in using cryptocurrency in gambling site I am sure that there is a lot of gambling site that that acccepts cryptocurrency that didn't open ANN thread here in the forum.

[South Park]

It is expected that the majority of people are still using fiat as they get used on that but it is good to know that there is an increase of interest of people in using cryptocurrency in gambling site I am sure that there is a lot of gambling site that that acccepts cryptocurrency that didn't open ANN thread here in the forum.

It is true that this forum is not at the center of where most of the action takes place and there are many casinos that ignore it and just promote themselves in social media, however it is undeniable that this forum is still influential and the majority of the most important casinos do in fact have an ANN thread here in the forum, as they understand the need to respond as quickly as possible to any problem that may arise and give it a prompt resolution, this in turn is helping cryptocurrency casinos to get more popular to the point that I think that in a decade or two several of them could rival fiat casinos in terms of popularity.

[lienfaye]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat.

Its not surprising if many gamblers now are using crypto to play online because its more convenient and less hassle and there's no need to undergo kyc especially to those who prefer to play anonymously. But I think Bitcoin is still the most popular crypto used by gamblers, though its possible that some gamblers opt to use alts due to low fees and fast transaction. Anyway, is there an accurate data to base the percentage of gamblers using crypto?

[Desmong]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat. And that there is a greater interest in betting with Altcoins.
  Over the past two years,gamblers using crypto online instead of Fiat has significantly increased.The study comes from softswiss,which provides software for managing iGaming operations.The organization holds several gaming license and was the first company in the world to offer a Bitcoin optimized casino solution.
Softswiss said the share of crypto in Q1 2022, increased by almost 10%: from 26.3% to 35.9%. In comparison to the first quarter in 2020,the share of crypto currencies has grown by 29%. If such dynamic continue,the share of Fiat and crypto currencies may become equal over the course of the next year,as Fiat currently is the most popular choice for online betting,64% of people use Fiat.
https://beincrypto.com/crypto-bets-a-wider-array-of-altcoins-are-being-used/

All these started doing the covid-19 period where everybody was indoor. People had nothing to do with there time than to play online games and gamble to earn money since there was no other alternative for individual to work and earn money. Crypto gambling because more popular that the rate at which people go into gambling was enormous. The crypto gambling is becoming more popular and is making users to dump fiat as time goes on.

[South Park]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat. And that there is a greater interest in betting with Altcoins.
  Over the past two years,gamblers using crypto online instead of Fiat has significantly increased.The study comes from softswiss,which provides software for managing iGaming operations.The organization holds several gaming license and was the first company in the world to offer a Bitcoin optimized casino solution.
Softswiss said the share of crypto in Q1 2022, increased by almost 10%: from 26.3% to 35.9%. In comparison to the first quarter in 2020,the share of crypto currencies has grown by 29%. If such dynamic continue,the share of Fiat and crypto currencies may become equal over the course of the next year,as Fiat currently is the most popular choice for online betting,64% of people use Fiat.
https://beincrypto.com/crypto-bets-a-wider-array-of-altcoins-are-being-used/

All these started doing the covid-19 period where everybody was indoor. People had nothing to do with there time than to play online games and gamble to earn money since there was no other alternative for individual to work and earn money. Crypto gambling because more popular that the rate at which people go into gambling was enormous. The crypto gambling is becoming more popular and is making users to dump fiat as time goes on.

Without a doubt the pandemic made gambling with cryptocurrencies way more attractive than in the past, people that were experimenting lockdowns were looking for any way in which they could entertain themselves during that time and gambling seemed like a good way to do it, and when we add the anonymity that gambling with cryptocurrencies bring to us then it is not really that surprising that as times passes this industry is getting more and more popular, now fiat casinos are still too dominant but it would not surprise me if in a few decades some of the most popular casinos around the world dealt exclusively with cryptocurrencies.

[mak013]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat. And that there is a greater interest in betting with Altcoins.
  Over the past two years,gamblers using crypto online instead of Fiat has significantly increased.The study comes from softswiss,which provides software for managing iGaming operations.The organization holds several gaming license and was the first company in the world to offer a Bitcoin optimized casino solution.
Softswiss said the share of crypto in Q1 2022, increased by almost 10%: from 26.3% to 35.9%. In comparison to the first quarter in 2020,the share of crypto currencies has grown by 29%. If such dynamic continue,the share of Fiat and crypto currencies may become equal over the course of the next year,as Fiat currently is the most popular choice for online betting,64% of people use Fiat.
https://beincrypto.com/crypto-bets-a-wider-array-of-altcoins-are-being-used/

All these started doing the covid-19 period where everybody was indoor. People had nothing to do with there time than to play online games and gamble to earn money since there was no other alternative for individual to work and earn money. Crypto gambling because more popular that the rate at which people go into gambling was enormous. The crypto gambling is becoming more popular and is making users to dump fiat as time goes on.

I don`t think that covid-10 helped to improve crypto gambling. It isn`t a problem with online casinos without cryptocurrencies - everyone can gamble from home without difficulties with wallets and crypto exchanges. I think that at least last 2 years we hear about cryptocurrencies from everyone. So people tries to understand what is it and how it works. And as a part of it is crypto gambling.

[Slow death]

The reason why cryptocurrencies are being used more in casinos in recent times is due to the fact that it is easier for anyone to create an account at an online casino and then play. Can you imagine how difficult it would be if casinos only accepted fiat and people were forced to KYC? how many people would do KYC, go to the bank to deposit money and be playing in a casino where the only option would be to deposit in FIAT? banks are complicated, banks have a lot of bureaucracy, and it would be hard to justify where the money is going every day. while with cryptocurrencies everything became easier. people don't need to worry about KYC and banks. they can only buy cryptocurrencies using bank accounts and then they can play at will for a long time until their money fits or if they win a lot of money they only have to withdraw in parts to the bank

[Jody.Drummer]

All these started doing the covid-19 period where everybody was indoor. People had nothing to do with there time than to play online games and gamble to earn money since there was no other alternative for individual to work and earn money. Crypto gambling because more popular that the rate at which people go into gambling was enormous. The crypto gambling is becoming more popular and is making users to dump fiat as time goes on.

Depending on how the dominant community knows about crypto gambling or even fiat gambling itself, it has increased since the pandemic took place. Actually what I noticed was the environment in which people started playing in online casinos. Be it fiat or crypto gambling, crypto gambling is dominated by those who have interacted with crypto for a long time. Meanwhile, new gamblers still use fiat as a means of paying their bets.

This can only be seen on a regional scale, depending on whether people are more familiar with crypto or not.

[LUCKMCFLY]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat. And that there is a greater interest in betting with Altcoins.
  Over the past two years,gamblers using crypto online instead of Fiat has significantly increased.The study comes from softswiss,which provides software for managing iGaming operations.The organization holds several gaming license and was the first company in the world to offer a Bitcoin optimized casino solution.
Softswiss said the share of crypto in Q1 2022, increased by almost 10%: from 26.3% to 35.9%. In comparison to the first quarter in 2020,the share of crypto currencies has grown by 29%. If such dynamic continue,the share of Fiat and crypto currencies may become equal over the course of the next year,as Fiat currently is the most popular choice for online betting,64% of people use Fiat.
https://beincrypto.com/crypto-bets-a-wider-array-of-altcoins-are-being-used/

All these started doing the covid-19 period where everybody was indoor. People had nothing to do with there time than to play online games and gamble to earn money since there was no other alternative for individual to work and earn money. Crypto gambling because more popular that the rate at which people go into gambling was enormous. The crypto gambling is becoming more popular and is making users to dump fiat as time goes on.

I understand the fact of seeking to bet with altcoins, now much more because of the current market situation, I know that this does not have much to do with gambling, but in some way there will always be a direct connection between them, it is for this reason that some players as the market is so low and the altcoins are so low, that they resort to gambling to try to multiply those coins, because trading for now is somewhat difficult to win with those coins, it is more feasible sometimes to make a couple of bets and leave something to chance to see what happens, I think that is one of the reasons why many seek to bet with altcoins.

[Desmong]

It has been reported that the online gambling industry has shown more people are starting to use crypto to gamble online forgoing Fiat. And that there is a greater interest in betting with Altcoins.
  Over the past two years,gamblers using crypto online instead of Fiat has significantly increased.The study comes from softswiss,which provides software for managing iGaming operations.The organization holds several gaming license and was the first company in the world to offer a Bitcoin optimized casino solution.
Softswiss said the share of crypto in Q1 2022, increased by almost 10%: from 26.3% to 35.9%. In comparison to the first quarter in 2020,the share of crypto currencies has grown by 29%. If such dynamic continue,the share of Fiat and crypto currencies may become equal over the course of the next year,as Fiat currently is the most popular choice for online betting,64% of people use Fiat.
https://beincrypto.com/crypto-bets-a-wider-array-of-altcoins-are-being-used/

We ba know that gambling on with cryptocurrency is more safer and privacy covered than using the normal fiat method where you will have to disclose your credit card details to a casino having the power to remove your fund even without your permission. Cryptocurrency gambling just like using altcoins is a smart  way to gamble even with a volatile market. There are stable coins one can use to prevent volatility of the market from giving a strange price that could reduce the value of our holdings.

[Jawhead999]

We ba know that gambling on with cryptocurrency is more safer and privacy covered than using the normal fiat method where you will have to disclose your credit card details to a casino having the power to remove your fund even without your permission. Cryptocurrency gambling just like using altcoins is a smart  way to gamble even with a volatile market. There are stable coins one can use to prevent volatility of the market from giving a strange price that could reduce the value of our holdings.

When you're playing on casino where they ask your KYC, you're no longer safe and privacy protected. Every casino have a power to confiscate your funds since you don't have full control over your funds. Stable coins is similar like fiat where the price suppose to stick $1, what's the different than? and yeah don't forget about UST stable coin can fall down to below $0.1

[asyakashi]

I think some banking laws prohibit their customers from transacting for gambling, it might be detected as illegal. Meanwhile, the existence of cryptocurrency makes it easier for them from blocking accounts and cryptocurrencies in online transactions are indeed very easy to use. Using altcoins with gambling also seems easier to calculate, with very low withdrawal fees.

[SirLancelot]

We ba know that gambling on with cryptocurrency is more safer and privacy covered than using the normal fiat method where you will have to disclose your credit card details to a casino having the power to remove your fund even without your permission. Cryptocurrency gambling just like using altcoins is a smart  way to gamble even with a volatile market. There are stable coins one can use to prevent volatility of the market from giving a strange price that could reduce the value of our holdings.

Safer in terms of privacy related matters because cryptos are anonymous but when it comes to other stuffs, no. Crypto is not safer because it is more volatile and you can already start losing your money even if you don't start gambling yet and also transactions here are non reversible so make sure you have enough knowledge before dealing with cryptos because you can lose your crypto in the process, also once we get hacked or scam, it will be hard to trace the criminals. This is something that cant be experience when using a fiat. I am no way of defending fiat but I am still a crypto supporter that is why I am here but I am only telling the difference between them.

[shasan]

if you will go to traditional casino, can you go there just having 10 bucks in your pocket? I think you will be hesitant to go inside, right?

Agreed with you about the re-visit of the op. You are right that there is no way to go to a traditional casino with only 10 bucks even many gambling site does not allow 10 buks in btc but they allow with altcoin. And another thing is that altcoin can be available in shorten time than bitcoin. That is another reason of being famous of altcoin.

[South Park]

The reason why cryptocurrencies are being used more in casinos in recent times is due to the fact that it is easier for anyone to create an account at an online casino and then play. Can you imagine how difficult it would be if casinos only accepted fiat and people were forced to KYC? how many people would do KYC, go to the bank to deposit money and be playing in a casino where the only option would be to deposit in FIAT? banks are complicated, banks have a lot of bureaucracy, and it would be hard to justify where the money is going every day. while with cryptocurrencies everything became easier. people don't need to worry about KYC and banks. they can only buy cryptocurrencies using bank accounts and then they can play at will for a long time until their money fits or if they win a lot of money they only have to withdraw in parts to the bank

Another reason simply has to do with the fact that many people like to keep their gambling a secret from their families or their coworkers, even in many places in which gambling is legal there is still a stigma against those that are gamblers, as many people think they are addicted to it even if they have their gambling under control, and the stigma is even worse at countries where gambling is illegal, so it makes sense that people like to gamble at cryptocurrency casinos as a way to keep a higher level of privacy.

[goldkingcoiner]

I think that perhaps the biggest issue with using a diverse array of altcoins is the legal and regulatory aspect. When online gambling casinos use Bitcoin, they can feel safer than when they use some new or untested alternative which may or may not turn out to be a security risk or a regulatory risk. Especially if the coin is ruled a security under the sec for example.

How do you avoid this in your online gambling casino?

[mak013]

I think that perhaps the biggest issue with using a diverse array of altcoins is the legal and regulatory aspect. When online gambling casinos use Bitcoin, they can feel safer than when they use some new or untested alternative which may or may not turn out to be a security risk or a regulatory risk. Especially if the coin is ruled a security under the sec for example.

How do you avoid this in your online gambling casino?

There are many altcoins which had recommended themselves, i don`t see a problem to use them. But the problem can be that some altcoins have big commissions(ETH), some have problems with blockchain stability(SOL), some altcoins have high volatility, for use some of them you have to use new cryptowallet or register on some new exchange. Right now i use 3 cryptowallets, registered on 6 cryptocurrencies exchanges and it is a problem sometimes to remember where my altcoins are.