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/

[1715428089]

1715428089

[1715428089]

1715428089

[1715428089]

1715428089

[1715428089]

1715428089

[1715428089]

1715428089

[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.