Pros and Cons of Crypto vs. Traditional Gambling

[maydna]

But if the credit card company doesn't allow you to use a credit card to play gambling, you can use your bank account to deposit the money. But you have to be prepared if the bank asks about the status of your suspected transaction.

You can easily use bank transfer to transfer money to your gambling account, but those are local gambling sites. If it is foreign, it is possible that bank transfer may not be available. On the foreign gambling sites that I have used before, I used mastercard for deposit which is only the option, but wire transfer for withdraw which is the only option that people from my country have.

It might be better to gamble at local casinos so it will be easy for him to choose a payment provider. But what's scary about using a local bank is that when we get a big win and send it to our bank account, the bank can ask us where the money came from. And if our country doesn't allow gambling, it can get us in trouble because there are sure to be all kinds of questions that will be asked of us. That's why playing gambling using crypto is recommended to us because it can avoid various questions from the bank.

[rahmad2nd]

As crypto gambling’s popularity rises, traditional gambling’s popularity wanes. But before jumping into crypto gambling, it’s important to know the pros and cons of both. Below, we list three pros and three cons for traditional gambling and crypto gambling.

~~

To be honest, I don't see any pros and cons of crypto and traditional gambling. in fact, if you know, the traditional definition has a broad meaning. we can even interpret it, the traditional type of gambling in the past that was played between players with other players. for me, it's all how you interpret it for yourself. So, I don't think there is a significant difference. why, because it depends on how I react to it and differentiate between crypto casinos and traditional casinos. simple isn't it, you don't even have to worry about the pros and cons.

Anyway, the point we're going to do is gamble. however, if, you prefer traditional gambling, you can do as you wish. and if on the contrary, you will benefit from all the conveniences available including the various features. the point is, just enjoy it if you really like this one hobby without the need to be affected by your pros and cons of these two types of gambling. in fact I would say, if gradually, crypto gambling will further develop by keeping up with increasingly sophisticated technological developments.

[Frankolala]

As crypto gambling’s popularity rises, traditional gambling’s popularity wanes. But before jumping into crypto gambling, it’s important to know the pros and cons of both. Below, we list three pros and three cons for traditional gambling and crypto gambling.

Traditional Gambling Pros
Familiarity
Online sports betting has been around for close to 30 years. We’re familiar with how traditional online sports betting works.

Most available sports betting options
Sportsbooks don’t allow betting on every available options. But they do allow most sports betting options.

Bets are in U.S. dollars or other fiat currency
It’s easy to bet in your nation’s currency. Traditional gambling allows us to wager in dollars if we’re a U.S. citizen or Canadian dollars if we’re Canadian.

In my country, you can only use fiat for betting at a local sports book be it offline or online. There are no options for cryptocurrencies. No local sports book would even try have a crypto option as most young people who occupy their customer based either do not have cryptocurrencies or would rather hold their cryptocurrency that stake it. Only a hand few would be willing to take that risk.

As per your cons, we don't use credit cards over here only debit cards. And one can do debt-gambling expect the person is gambling with other people's money.

You are right in Nigeria one can do debit gambling, cryptocurrency isn't used to gamble in out locality instead we use fiat. Using your debit card to fund your gambling wallet is what the casinos prefer.

I don't even think that anyone in my country will love to gamble with their cryptocurrency because they see it more precious than fiat. But is you are gambling on an online casino that accept crypto and that is the only payment method then one wouldn't have any choice than to gamble with crypto because you need to entertain yourself. I do gamble in the forum with crypto.

[seleme]

Crypto trading has more downsides for addicted gamblers, IMHO. There are many ways to find out alternative methods but addicted gamblers can deposit their whole crypto portfolio in one night to chase big wins, it is not a secret for us. Pro sides are there as well but I think cons are more than pros for addicted gamblers on online crypto platforms.

[letteredhub]

As crypto gambling’s popularity rises, traditional gambling’s popularity wanes. But before jumping into crypto gambling, it’s important to know the pros and cons of both. Below, we list three pros and three cons for traditional gambling and crypto gambling.

The traditional gambling houses still has a base for those conservative gamblers that uses fiat to gamble finding it difficult to make use of the online crypto cansinos but what makes the online gambling casinos so renowned with lots of people trooping in is because of its convenience. From anywhere at all you can sit down and gambling without having to walk or drive miles to a traditional gambling casino where it's located. But AFAIK the pros and cons of the both are subjective to the choice of the gamblers why they choose to use online crypto or traditional fiat casinos.

[coin-investor]

As crypto gambling’s popularity rises, traditional gambling’s popularity wanes. But before jumping into crypto gambling, it’s important to know the pros and cons of both. Below, we list three pros and three cons for traditional gambling and crypto gambling.

Its very clear the cons outweighs the pros that is why majority of gamblers are jumping to Online Crypto platform, gamblers wants control on how they spend their money on their gambling activity and they want a level of annonimity they feel they are more protected playing in Crypto casinos, and they also have wider choice of Crypto to use, they can save on fees plus the withdrawal is instant.

Many Fiat based online casinos are now adopting Crypto and they are now accepting it besides credit card for their old clients but new clients will always prefer Cryptocurrency, as the popularity of online casinos increased new players will always prefer to use Cryptocurrency.

[uneng]

Crypto trading has more downsides for addicted gamblers, IMHO. There are many ways to find out alternative methods but addicted gamblers can deposit their whole crypto portfolio in one night to chase big wins, it is not a secret for us. Pro sides are there as well but I think cons are more than pros for addicted gamblers on online crypto platforms.

Then I think we could add online gambling in general. Besides crypto casinos, also the fiat virtual casinos. Technology brings accessibility, although it works on both ways, including the facility of losing funds, when the person is out of control playing impulsively. These cases are so serious that it may be necessary for the addicted gambler to stay away from the internet for a while, until he can make sure his addiction is under control, otherwise he won't resist the temptation of accessing one casino or another from the so many of the available options.

The relation between gambling addiction and virtual casinos are indeed much more harmful than between gambling addiction and physical casinos, because when that is the case, it's easier to control the gambler by taking him to an area where there are no casinos available. However, with the internet you can't do this, because it's everywhere!

[dunfida]

Crypto trading has more downsides for addicted gamblers, IMHO. There are many ways to find out alternative methods but addicted gamblers can deposit their whole crypto portfolio in one night to chase big wins, it is not a secret for us. Pro sides are there as well but I think cons are more than pros for addicted gamblers on online crypto platforms.

Then I think we could add online gambling in general. Besides crypto casinos, also the fiat virtual casinos. Technology brings accessibility, although it works on both ways, including the facility of losing funds, when the person is out of control playing impulsively. These cases are so serious that it may be necessary for the addicted gambler to stay away from the internet for a while, until he can make sure his addiction is under control, otherwise he won't resist the temptation of accessing one casino or another from the so many of the available options.

The relation between gambling addiction and virtual casinos are indeed much more harmful than between gambling addiction and physical casinos, because when that is the case, it's easier to control the gambler by taking him to an area where there are no casinos available. However, with the internet you can't do this, because it's everywhere!

There's a certain market audience on a specific field and instead on making up some comparison it would be better if its not because it is really that catering different field on different sets of gamblers because we know that

not all would really be sharing up on the same interest specially on playing gambling.In terms of features and offerings then their difference is significant and we arent that blind of it. It is really just its better to stick out
on which place you do see that it would really be that suiting out on your interest, we know that there are ones who are really that not preferring on sticking on a single place and would really be liking to have some upgrades at least. Most of the time, we do really value our identity or privacy and this is why lots of gamblers would really be looking that crypto gambling is great and something that should be considered.

Traditional gambling or crypto gambling, then it would really be still on your choice on what you should gonna choose basing up on your interest and preference in the end of the day.

[danherbias07]

Traditional gambling for me is the physical casino. The new gambling method is online gambling sites. Maybe because I have not experienced playing with the online betting site where they only accept online cash but I did see them before although I have not tried it because of the fear of losing my money.
I think that's one point of these gambling sites that accepts cryptocurrency, they also want to prove that even the secured coins which are cryptocurrencies can be used in their realm.
This means we will just have to know if they are a trustworthy company because we already knew our coins are secured and no interest rates need to be paid.
As of now, I am using Bitcoin as my means of betting and I like it better this way than using cash or stablecoins.

[Josefjix]

Traditional gambling for me is the physical casino. The new gambling method is online gambling sites. Maybe because I have not experienced playing with the online betting site where they only accept online cash but I did see them before although I have not tried it because of the fear of losing my money.
I think that's one point of these gambling sites that accepts cryptocurrency, they also want to prove that even the secured coins which are cryptocurrencies can be used in their realm.
This means we will just have to know if they are a trustworthy company because we already knew our coins are secured and no interest rates need to be paid.
As of now, I am using Bitcoin as my means of betting and I like it better this way than using cash or stablecoins.

Trusts is the main attribute to consider when dealing with the gambling system. We anticipate in convenient systems, probably the ones that favours our strategy and maps. They accept coins for gambling in the recently updated betting that I'm familiar with, and it's incredibly simple and accessible with just your mobile smart phones. I believed traditional gambling to be a sort of gambling that has never kept up with the newly updated area. Of sure, everything is improving for the better, and we should push the system to a new level. It will not be easy, but things always become evident when we deal with them directly

[ethereumhunter]

Traditional gambling for me is the physical casino. The new gambling method is online gambling sites. Maybe because I have not experienced playing with the online betting site where they only accept online cash but I did see them before although I have not tried it because of the fear of losing my money.
I think that's one point of these gambling sites that accepts cryptocurrency, they also want to prove that even the secured coins which are cryptocurrencies can be used in their realm.
This means we will just have to know if they are a trustworthy company because we already knew our coins are secured and no interest rates need to be paid.
As of now, I am using Bitcoin as my means of betting and I like it better this way than using cash or stablecoins.

Trusts is the main attribute to consider when dealing with the gambling system. We anticipate in convenient systems, probably the ones that favours our strategy and maps. They accept coins for gambling in the recently updated betting that I'm familiar with, and it's incredibly simple and accessible with just your mobile smart phones. I believed traditional gambling to be a sort of gambling that has never kept up with the newly updated area. Of sure, everything is improving for the better, and we should push the system to a new level. It will not be easy, but things always become evident when we deal with them directly

Both traditional gambling and online gambling have their respective advantages and disadvantages. We cannot say that online gambling is superior or better than traditional gambling and vice versa because there are fans for each type of gambling. And crypto casinos nowadays also cannot be compared to fiat casinos because each has its fans. We only need to choose an online casino or a traditional casino for gambling and casinos that can provide comfort in playing gambling for us. But each online or offline casino will keep abreast of technological developments so that online and offline casinos will always update their systems to keep their casinos safe.

[20kevin20]

I’ll chime in and add another pro to the crypto gambling list: you can stay addicted without having to risk money you own. Or, you used to be able to do it at least.

There was Freebitcoin and PrimeDice (my ole lovers lol) which allowed you to claim a faucet and gamble it. I won around 0.02 BTC a few years ago by gambling the PrimeDice faucet claim with a 0.01% win chance. Literally $0 investment except electricity and time and a now-worth ~$600 win for it! I don’t know of any fiat gambling sites/casinos that let you claim free money to gamble with.

[QueenVera]

As crypto gambling’s popularity rises, traditional gambling’s popularity wanes. But before jumping into crypto gambling, it’s important to know the pros and cons of both. Below, we list three pros and three cons for traditional gambling and crypto gambling.

Traditional Gambling Pros
Familiarity
Online sports betting has been around for close to 30 years. We’re familiar with how traditional online sports betting works.

Most available sports betting options
Sportsbooks don’t allow betting on every available options. But they do allow most sports betting options.

Bets are in U.S. dollars or other fiat currency
It’s easy to bet in your nation’s currency. Traditional gambling allows us to wager in dollars if we’re a U.S. citizen or Canadian dollars if we’re Canadian.

Traditional Gambling Cons
Credit card companies may not allow you to fund your gambling account
Credit card companies are middle entities. They give you credit and then help you facilitate transactions. Because it’s the credit card company’s money, they have the right to dictate how you spend your money.

Credit card companies hate sportsbooks. Bottom line? They won’t allow you to fund your sportsbook account with their money. Also, funding with credit cards requires paying big fees, sometimes, over 10%.



Keep reading→ https://n2g.io/1f1f79d

The world has gone digital and the use of technology have enhanced various aspects of the human life including for those that gamble, so since cryptocurrency is the current evolution of money many gamblers would want to move the latest trend and move into crypto gambling, the online gambling with fiat currencies have also evolved and currently there are many crypto casino and betting sites, that accepts the use of cryptocurrency to stake and make predictions on games and it's been very beneficial because it's promotes fast transaction, safer and secured due to the introduction of blockchain technologies into crypto casino and so forth.
 However the cryptocurrency is not generally accepted globally yet and is not even a legal tender in many countries, so since it not been adapted by many societies alot of individuals still don't know about it also there are people living in rural areas especially third class countries that are not used to modern technologies that still prefers to go to the local casino and gambling shop to stake their bet.
 But however the Crypto gambling is more preferable and with time it would be wide known and adapted by everyone due to the vast spread of modern technologies and information world wide, the crypto gambling promotes saver and secured gambling system, offers use of divers Cryptocurrencies, promotes transparency, offers low service charges as well as fast banking transaction, compared to what the traditional gambling offers.

[Oshosondy]

I’ll chime in and add another pro to the crypto gambling list: you can stay addicted without having to risk money you own. Or, you used to be able to do it at least.

There was Freebitcoin and PrimeDice (my ole lovers lol) which allowed you to claim a faucet and gamble it. I won around 0.02 BTC a few years ago by gambling the PrimeDice faucet claim with a 0.01% win chance. Literally $0 investment except electricity and time and a now-worth ~$600 win for it! I don’t know of any fiat gambling sites/casinos that let you claim free money to gamble with.

If you want to claim money on Freebitco, it is just 0.00000007 BTC every hour. That is very small. Bitcoin price has decreased below $30000, but if I should use $30000 to calculate it, that is just $0.0021 dollar for an hour. That is a thousand times before you can earn $2.1. I prefer deposit bonus and other promotional offers that other gambling sites offer instead.

[SmartGold01]

This might differs from your country of residence unlike our country there are free access to fund with your card or possible make some direct transfer using our local currency to the gambling site without any delay it quickly reflects to your balance on the gambling site. The decision are being made by bettor to either fund their account or not there is no restrictions to funds one's account unlike the traditional gambling site where one often go with fiat and they sets some restriction on the whether it's your decision to gamble with such amount to avoid accusation and theft from the betting shops.

[ryzaadit]

Crypto is also betting in "USD". Most crypto-casino are using instantly convert the balance into (USD) after we deposit with the rate at the time you deposit, it's to avoid volatility crypto (that's why). Also now, most of casino already can support other fiat currency converted example like (Stake) they support many local currency you can using for the main balance betting.

[Wiwo]

I’ll chime in and add another pro to the crypto gambling list: you can stay addicted without having to risk money you own. Or, you used to be able to do it at least.

There was Freebitcoin and PrimeDice (my ole lovers lol) which allowed you to claim a faucet and gamble it. I won around 0.02 BTC a few years ago by gambling the PrimeDice faucet claim with a 0.01% win chance. Literally $0 investment except electricity and time and a now-worth ~$600 win for it! I don’t know of any fiat gambling sites/casinos that let you claim free money to gamble with.

If you want to claim money on Freebitco, it is just 0.00000007 BTC every hour. That is very small. Bitcoin price has decreased below $30000, but if I should use $30000 to calculate it, that is just $0.0021 dollar for an hour. That is a thousand times before you can earn $2.1. I prefer deposit bonus and other promotional offers that other gambling sites offer instead.

Deposits or welcome bonuses are far more preferable than faucet claiming on Freebitco or any other site that offers claims of free money hourly since the rewards are small and one has to waste a lot of time before being able to claim a tangible amount from the faucet.

But with the deposit bonus,  all that you need to do is to be able to wager to meet its requirements and if you are lucky enough,  you could win more rewards from trying to meet the bonus requirements so in the end,  it becomes a win-win situation for a smart gambler.

[goaldigger]

Crypto is also betting in "USD". Most crypto-casino are using instantly convert the balance into (USD) after we deposit with the rate at the time you deposit, it's to avoid volatility crypto (that's why). Also now, most of casino already can support other fiat currency converted example like (Stake) they support many local currency you can using for the main balance betting.

Both casinos have to adopt or else they will be left behind, crypto casinos can't still operate without a fiat back up since many gamblers still prefer a more secured way to protect their money against volatility. Same thing with the fiat casinos since the trend is with crypto right now, if they will not adopt for sure gamblers will leave them and that can hurt their business. Both market have their own pros and cons, just choose what's best for you.

[Aikidoka]

Crypto trading has more downsides for addicted gamblers, IMHO. There are many ways to find out alternative methods but addicted gamblers can deposit their whole crypto portfolio in one night to chase big wins, it is not a secret for us. Pro sides are there as well but I think cons are more than pros for addicted gamblers on online crypto platforms.

I can confirm that, like one of my friends did something like depositing all his bitcoins into a gambling website and went all-in. Luckily, it was an easy bet so he won. However, I immediately asked him after to not to do that again as what if he had lost all his money on that small bet? The odds were 1.2, but even with those odds losing would have left him feeling depressed for a long time.

I believe people should think more wisely before engaging in such risky bets. Losing all your savings can lead to severe consequences.

[inthelongrun]

This might differs from your country of residence unlike our country there are free access to fund with your card or possible make some direct transfer using our local currency to the gambling site without any delay it quickly reflects to your balance on the gambling site. The decision are being made by bettor to either fund their account or not there is no restrictions to funds one's account unlike the traditional gambling site where one often go with fiat and they sets some restriction on the whether it's your decision to gamble with such amount to avoid accusation and theft from the betting shops.

So it really differs from country to country. Although the last time I tried funding an online gambling account was more than 5 years ago, it was denied and I also inquired other banks but to no avail. I came from a very open country yet I doubt there is a change of stance from the bank's perspective. Thanks to casinos and sports betting sites that are now allowing cryptocurrencies to be used as regular currencies. Crypto betting sites are very friendly to me and my countrymen that bet regularly.