Crypto Bet: A wider Array of Altcoins are being usef

[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.

[1715284823]

1715284823

[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