Crypto VS Fiat Online Gambling as per Google trends

[elevates]

Recently I was fiddling with Google Trends. I did a random trend search with the keyword crypto gambling and found out it was doing quite well. Then I thought about comparing it with USD gambling. The results make me realize that crypto gambling is more popular than fiat gambling online.



For those who are not able to understand the above graph. The following image provides you with your answer.



I know what the topic is about but my curiosity led me to ask myself which cryptocurrency is mainly used for online gambling. I found out that Bitcoin, Bitcoin Cash, and Ethereum are the most popular crypto for gambling.

The next question that came to my mind was why users tend to ignore stablecoin (USDT). My reasoning was that they provide an absolute figure of your win/loss. I understand why Bitcoin is the most popular crypto on gambling platforms.

What I did not understand is why to use Bitcoin Cash or Ethereum. Why not use crypto with a cheap transaction fee and instant transfer? Before I end I have another question for those who are constantly gambling. Which is your most preferred cryptocurrency for gambling?

[Oshosondy]

USD is not only the fait that is existing. It is not only the fiat on many international gambling sites. There are many local fiat gambling sites too. If I should compare, I think fiat is still leading.

People are also using stable coins like USDT and other coins to gamble too. That is the reason those coins are listed among the coins you can use to gamble on crypto gambling sites.

[ryzaadit]

We are not in the 90 anymore.

So, right now every business scheme is more popular on online. It's not only effected casino but also other sector as well we are in the generation while everything can be access by online.

So, landbase casino right now is quite need to adjust for the change,

[kryptqnick]

Perhaps the issue here is that people who want to gamble with fiat probably won't use the phrase "USD gambling" because they just think of it as gambling, without reflecting upon the currency. Fiat gambling is the standard, so people would just be looking for gambling without specifying the currency, whereas those looking to gamble with cryptos might add the word 'crypto' into the search. So perhaps comparing 'online gambling' to 'crypto gambling' would be more accurate.
Moreover, online gambling is banned in the US, and people from other countries who gamble with fiat probably do that with their local fiat.

[btc_angela]

The next question that came to my mind was why users tend to ignore stablecoin (USDT). My reasoning was that they provide an absolute figure of your win/loss. I understand why Bitcoin is the most popular crypto on gambling platforms.

Perhaps that's why it is called crypto gambling though? I mean why would gamblers uses USDT, a stable coin as compare to crypto like BTC, ETH.

What I did not understand is why to use Bitcoin Cash or Ethereum. Why not use crypto with a cheap transaction fee and instant transfer? Before I end I have another question for those who are constantly gambling. Which is your most preferred cryptocurrency for gambling?

I reckon that it's more faster as compare to BTC, deposit and withdrawal are instant, although as far as I know, Ethereum as well is suffering from network congestion right now, like BTC. And Bitcoin Cash as far as I know is big blocks so transactions and fees are cheap.

[Cantsay]

What I did not understand is why to use Bitcoin Cash or Ethereum. Why not use crypto with a cheap transaction fee and instant transfer? Before I end I have another question for those who are constantly gambling. Which is your most preferred cryptocurrency for gambling?

I don't use Ethereum because of the gas fee, but I do use USDT for gambling. I either deposit in Bitcoin or use USDT (Binance Smart Chain or Polygon), and if I have some other token like trons, I sometimes deposit with it.

Op, there are people who have enough Ethereum at their disposal and believe Ethereum is better than other tokens, so you won't expect such a person to start using Bitcoin Cash for deposit; I'll always go with the idea of using what you have if you have Bitcoin Cash make your deposit with it, if you have Trons make your deposit with it, if you have a shitcoin that nobody has ever heard of and the casino accepts it you can continue with your deposit.

[Aikidoka]

I don't think there's a huge difference between gambling with crypto and fiat currency. A gambler will gamble wherever the option is available. However, with crypto, it may be easier since you may not need to go through certain verification processes. In addition to that, your chart only shows values in USD, but there are many other local currencies such as EUR and others. Therefore, I don't think that chart is entirely accurate if you're talking about gambling worldwide

People are also using stable coins like USDT and other coins to gamble too. That is the reason those coins are listed among the coins you can use to gamble on crypto gambling sites.

I know many people using USDT and other coins to gamble instead of bitcoin, probably it's because of the high fees of bitcoin's transactions or maybe they just feel comfortable gambling that way.

[masulum]

-snip-
The next question that came to my mind was why users tend to ignore stablecoin (USDT). My reasoning was that they provide an absolute figure of your win/loss. I understand why Bitcoin is the most popular crypto on gambling platforms.

What I did not understand is why to use Bitcoin Cash or Ethereum. Why not use crypto with a cheap transaction fee and instant transfer? Before I end I have another question for those who are constantly gambling. Which is your most preferred cryptocurrency for gambling?

I myself am one who does not refuse to use USDT, on various occasions I chose to use USDT because of the fast confirmation process. As long as the provider supports this payment, I use it more often.

Likewise with the presumption why not use a cheap crypto? You may need to study it, there are many casinos that accept coins like Doge. I think providers opt for coins that have large communities to prioritize as payouts. along with user requests for the gambler's favorite provider, they will add payment methods regularly.

[piebeyb]

Only rich gamblers use ethereum to gamble because of high gas fees only rich people want to burn their money on gas and transaction fees, I prefer to use BNB bsc is much cheaper and even Matic or XLM is much cheaper than gambling using crypto ETH. I am a little surprised why so many people use it in gambling when it is clear that it is a waste of money for each transaction.

Crypto casinos are now much more accessible and people prefer to use them because of the fast transactions and easy to play through mobile browsers only, after all land casinos have been abandoned a lot as people prefer to play comfortably using their mobile phones and crypto.  

[_act_]

We are not in the 90 anymore.

So, right now every business scheme is more popular on online. It's not only effected casino but also other sector as well we are in the generation while everything can be access by online.

So, landbase casino right now is quite need to adjust for the change,

This is not about land based casinos, there have been online casinos before crypto are existing. There are many online fiat gambling sites.

I know many people using USDT and other coins to gamble instead of bitcoin, probably it's because of the high fees of bitcoin's transactions or maybe they just feel comfortable gambling that way.

Some people also like stable coins because stable coin prices are stable with USD price.

There are sometimes that bitcoin transaction fee is far cheaper than stable coin transaction fee. Bitcoin transaction fee depends on how the mempool is.

[alastantiger]

What I did not understand is why to use Bitcoin Cash or Ethereum. Why not use crypto with a cheap transaction fee and instant transfer? Before I end I have another question for those who are constantly gambling. Which is your most preferred cryptocurrency for gambling?

My preferred cryptocurrency for gambling are bitcoin and USDT. I started using bitcoin because it has been there but then during late 2022 and early 2023 during the market crash, I noticed my favorite casino switched to USDT. That was the moment I started using it even after market price improved I stuck with USDT and used bitcoin only occasionally.
Well for now, with the high transaction fees, I am stuck with USDT until there is a turn around.

[gantez]

I know what the topic is about but my curiosity led me to ask myself which cryptocurrency is mainly used for online gambling. I found out that Bitcoin, Bitcoin Cash, and Ethereum are the most popular crypto for gambling.

This coins mentioned here are top priority coins in cryptocurrency. They have the character of cryptocurrency over fiat which is fast processing, good speed delivery. You can also consider to it the reduced fees above traditional currency like USD or Euro.

To also set up your cryptocurrency gambling account is not complicated and fast if you understand how to use your internet and that take away the third party and other delay from desk to desk registration approval.

Casino is not only business now using cryptocurrency as payment for service because the development has come all over financial services. It is fast and secure using crypto than traditional method like credit card or banks.

[Dr.Bitcoin_Strange]

I may be wrong, but I think that might not also be an accurate result. Have you tried to get that result from different sources and compare if they are still the same? I know that a lot of casinos use Bitcoin or Ethereum as their means of payment, but these casinos still allow people in other countries to deposit in their local currency apart from dollar, so I assume that Fiat is also dominating. I think I have seen about two or just one casino that also added TRX, BNB, and ADA to their payment and deposit methods, so it's not that some casinos don't add other crypto with a low fee deposit, but I think there are not many casinos that do add other cryptos apart from Bitcoin, Bitcoin Cash, and Ethereum.

[Wexnident]

...I'm actually just surprised that "USD gambling" is even a searched term. Like wouldn't people just idk, search gambling in itself? Crypto gambling is understandable though, crypto is still a relatively new term after all and associating it with gambling is kind of new-ish in terms of people who don't know what crypto actually is (even though they're literally the same, just that the other uses crypto and decentralized features, if they even exist in the first place in casinos).

What I did not understand is why to use Bitcoin Cash or Ethereum. Why not use crypto with a cheap transaction fee and instant transfer? Before I end I have another question for those who are constantly gambling. Which is your most preferred cryptocurrency for gambling?

I'd simply say it's preference? I mean I can't really question rich people's mindset when they use Ethereum with its sky-high fees all the time. I mostly prefer Doge and Litecoin nowadays but I used to play with BTC and ETH way back when I first started. Fees were something that was a pain in the ass back then, but I didn't really think of looking for alternatives since I didn't know much about coins.

[retreat]

If we compare between regular online gambling platforms and crypto gambling, of course it is more popular the usual online gambling platforms that support fiat as their payment. Your keywords here are quite wrong, considering that people rarely search for online gambling platforms called "USD Gambling", usually they will put the keywords "gambling" or "online gambling". However, it must be admitted that most ordinary online gambling platforms have started to look at crypto as their payment support because it is faster and easier.

-snip-

What I did not understand is why to use Bitcoin Cash or Ethereum. Why not use crypto with a cheap transaction fee and instant transfer? Before I end I have another question for those who are constantly gambling. Which is your most preferred cryptocurrency for gambling?

Most people these days use Bitcoin as their payment on popular crypto gambling platforms or tokens like USDT (BNB Chain) because of their safety and reliability. I'm not sure about using other tokens for payments, even if they offer speed and instant transactions, because I feel unsure about it. And therefore I prefer to use Bitcoin or USDT (BNB Chain) on my favorite gambling platform.

[Rruchi man]

I may be wrong, but I think that might not also be an accurate result. Have you tried to get that result from different sources and compare if they are still the same? I know that a lot of casinos use Bitcoin or Ethereum as their means of payment, but these casinos still allow people in other countries to deposit in their local currency apart from dollar, so I assume that Fiat is also dominating...

You did a search for "Crypto gambling" , you should have done a search for "fiat gambling" which is broader in perspective than just "USD gambling" which restricts the results to the United States and countries that have the USD as their major currency. A search result for "fiat gambling" will put the currency of all the countries in the world into consideration before a data is given.

The results that was given to you, compared crypto gamblers and gamblers who gamble with fiat which is the USD based on your location. It is possible that in your location crypto gamblers have overtaken fiat gamblers, but it is not the same in other locations.

[ethereumhunter]

If you are outside the USA, I think the results will be different from what you find. Online gambling is now increasingly popular, especially in crypto casinos that are more famous than ever.

People don't ignore USDT or other stablecoins but already have their favorite coins so they don't need any other coins. But they can use USDT if they want and it's up to them. Each gambler must have their own reasons for using bitcoin over other coins. But at times like these, it seems they have switched to using coins with low transaction fees or some have decided to stop gambling for a while.

[Yatsan]

I may be wrong, but I think that might not also be an accurate result. Have you tried to get that result from different sources and compare if they are still the same? I know that a lot of casinos use Bitcoin or Ethereum as their means of payment, but these casinos still allow people in other countries to deposit in their local currency apart from dollar, so I assume that Fiat is also dominating. I think I have seen about two or just one casino that also added TRX, BNB, and ADA to their payment and deposit methods, so it's not that some casinos don't add other crypto with a low fee deposit, but I think there are not many casinos that do add other cryptos apart from Bitcoin, Bitcoin Cash, and Ethereum.

In most cryptogambling sites, there are options a gambler may choose with regards to the currency as a mode of payment to both withdrawal and deposit. Likewise with fiat based gambling sites wherein different currencies are being used. In my country, our main currency is the mode of payment but I still choose betting using cryptocurrencies; one reason is to avoid taxes especially to my winnings. Tax in my area in particular with gambling is I guess one of the biggest. But for sure it is more convenient given the number of platforms offering gambling games. In cryptogambling sites, I avoid using big tokens because of large gas fees. Alternatives are better in order to lessen the fees.

[Bureau]

For me Google trends are a good indicator. Considering the worst situation of USD, i believe this is just the beginning. The trend shows Google search for crypto gambling is going down. Which I assume will spike up when we will have Bull run.

As I am still newbie into crypto gambling, I assume it's all about getting the best returns considering the market conditions.

A stablecoin will only give you the USD value. Wherein a Crypto gained might give anyone a higher return in a Bull market. Just HODL and you would get a positive outcome. If you lost still you gain if you hold. 🧐😀

[decodx]

I believe that this graph is not an accurate representation. For example, some online casinos accept US dollars, British pounds, and euros, while others may accept currencies such as Canadian dollars, Australian dollars, Japanese yen, etc. All of these are fiat currencies used in various regions around the globe. So it goes without saying that players from different countries will prefer to use their own currency to play and make transactions. While the USD is likely the most widely used, the significance of the others should not be overlooked. For instance, I would never use the term "USD gambling" in my search.