Gambling with stablecoins, Fiat, or crypto?

[mindrust]

I use litecoin or doge whichever is available.

I don’t use btc or eth because they have high fees. I lose a lot to the transaction fees while I can send ltc and doge nearly for free.

Stable coins are not even an option. They are available on many networks and it is easy to confuse them. I want to stay away from any form of FIAT too and it is because FIAT means regulation/kyc and stuff. Crypto means freedom. I value my freedom and privacy.

[iv4n]

Only crypto here... In my opinion, stablecoins are also crypto, they are centralized, but nobody sane holds stablecoins for too long. When I started I played only with BTC, then I tried many other coins & tokens. Some are very convenient for gambling, cheap & fast transactions allow us to move funds without losses. Some of them are especially good when BTC & ETH transaction fees start raging.

Lately, I play mostly with BTC. Now there are many different chains, we can move any coins with low fees. As you said, with crypto we have some freedom, we can play in many casinos without hassle. Deposits/withdrawals are fast and cheap, there is no waiting. So I don't think I will ever return to gambling with fiat...

[Adbitco]

Crypto is always the best option because they are less time consuming almost instantly than bitcoin, for instance, stake.com has lot of deposit options and you could get the preferred one to make your deposit without any delayed even though kyc is required it would be ideal to pass kyc before starting ones gambling adventure. The main point is to get reliable site to gamble if they are trusted and proven to fair enough while people used their platform fiat, stablcoin or crypto doesn't count the most important thing is quick deposit/withdrawal without much kyc restrictions.

[Jating]

The title says it all. Which currency do you prefer to use when betting? Is it stablecoins, good-old Fiat, or traditional cryptocurrencies such as Bitcoin or Ethereum?

Personally, I like to gamble with crypto not only because it's "KYC-free", but also because it represents freedom. The only downside is market volatility. Stablecoins always have their value pegged to Fiat (usually the USD), but they're too centralized and often lack investor protections or guarantees of any  kind. And then there's the choice of Fiat, but most (if not all) casinos or gambling sites require you to reveal your personal ID (KYC) to use them. In some countries it's even illegal to gamble online. So crypto for me, is the true winner here.

How about you?

Of course, for us it's going to be crypto, however, most of the casinos right now requires you to do mandatory KYC so it's just the same now with fiat based. Probably it's just the question of online or offline. Traditional base offers flexibility in my opinion, specially if you win big money, you will be paid upfront no questions about it. As compare to crypto based casinos wherein we see a lot of complains, only a few but still there are casino that might take some time because they need to investigate it further blah blah blah.

But if we have been using crypto for years, then for sure, it could be the best, but as gamblers, we have options right now. And then we have stablecoins or any another altcoins as our choice specially if the tx fees are too high.

So for me it doesn't matter, as long as I can continue to gamble, I will take it in every shape or form.

[Kemarit]

The title says it all. Which currency do you prefer to use when betting? Is it stablecoins, good-old Fiat, or traditional cryptocurrencies such as Bitcoin or Ethereum?

Personally, I like to gamble with crypto not only because it's "KYC-free", but also because it represents freedom. The only downside is market volatility. Stablecoins always have their value pegged to Fiat (usually the USD), but they're too centralized and often lack investor protections or guarantees of any  kind. And then there's the choice of Fiat, but most (if not all) casinos or gambling sites require you to reveal your personal ID (KYC) to use them. In some countries it's even illegal to gamble online. So crypto for me, is the true winner here.

How about you?

It's a combination for me, if I go online, then I will used crypto's, seldom to I play with fiat unless it's necessary. But things have evolved lately, as we all know that Bitcoin fees in the last year or so are not that cheap so enter LTC or Doge as options as they are very quick.

However, if we and my friends play, we go to traditional based so I also enjoyed playing outside. With the atmosphere or the settings, with free drink, and then there is entertainment with the bunch of guys you know for so long. And then at the end of the day, you got drunk, lost money but enjoy that night.

[bitbollo]

it depends on the type of platform I have to use or in general the type of bet I have to make.
if I want to play with a casino that allows me to bet with "single cent" then I have to use crypto (I prefer bitcoin but the high fees can be a disadvantage)
If I want to play on a betting exchange and take advantage of a liquid market, I necessarily have to use FIAT and relatevely market.

[BABY SHOES]

USDT stablecoin, alternatively in some altcoins that have cheap transactions while fiat is no longer used for gambling, I am a little worried about gambling using fiat because my country prohibits gambling.

Now there are still many casinos that are free not to KYC, but I don't know if there are casinos with fiat deposits requiring you to show your identity because they use fiat if there is such a thing then it will never be used again.

However now crypto casinos have become popular since casinos have grown rapidly to become big with the industry, for example casinos here some are well known and they are known as crypto casinos.

[Mr. Magkaisa]

The title says it all. Which currency do you prefer to use when betting? Is it stablecoins, good-old Fiat, or traditional cryptocurrencies such as Bitcoin or Ethereum?

Personally, I like to gamble with crypto not only because it's "KYC-free", but also because it represents freedom. The only downside is market volatility. Stablecoins always have their value pegged to Fiat (usually the USD), but they're too centralized and often lack investor protections or guarantees of any  kind. And then there's the choice of Fiat, but most (if not all) casinos or gambling sites require you to reveal your personal ID (KYC) to use them. In some countries it's even illegal to gamble online. So crypto for me, is the true winner here.

How about you?

         -     Well, for my part, when I gamble, fiat and cryptocurrency are often used as equals, but most of the time it's actually usdt and sometimes doge, Trx, and bnb. These are just a few of the most common ones, to be honest.

Also, if my KYC is required when I withdraw, I don't have a problem because I don't often win a large amount in my gambling, according to my experience. And it is better to gamble in a crypto casino that has a kyc free honestly speaking.

[EluguHcman]

Investing on highily volatile Crypto coins exempting Bitcoin and Ethereum has much been like a gambling to me so then, it is a considerable choice to have such coins which is not potential for term holding to be gambled with as much and it would be best preferable for me.

It is better I take the risk of loosing while desperately chasing the profits on gambling than loosing it all while hoping I was going to make profits when holding for investment profits.

Other end, betting with a stable coin would be an alternative alike the fiats while Bitcoin is definitely a no go area because it is an asset hope for my future against the tensions of the economy situations.

[Taskford]

The title says it all. Which currency do you prefer to use when betting? Is it stablecoins, good-old Fiat, or traditional cryptocurrencies such as Bitcoin or Ethereum?

Personally, I like to gamble with crypto not only because it's "KYC-free", but also because it represents freedom. The only downside is market volatility. Stablecoins always have their value pegged to Fiat (usually the USD), but they're too centralized and often lack investor protections or guarantees of any  kind. And then there's the choice of Fiat, but most (if not all) casinos or gambling sites require you to reveal your personal ID (KYC) to use them. In some countries it's even illegal to gamble online. So crypto for me, is the true winner here.

How about you?

I'm situational basis, since if the market is doing good and we don't encounter any network issue or other thing that can cause a high fees or network transaction congestion then provably crypto would be my option.

But if there's current issues ongoing with those matter then will choose to gamble using fiat since, I don't want to have any distraction like pending deposits or withdrawals if we push to do transaction or even pay more huge fee just to make our transaction fast.

But Fiat is never in my option since I don't want to encounter any troubles for using it and also I don't want to get stress by certain regulations.

[BlackBoss_]

I use litecoin or doge whichever is available.

I don’t use btc or eth because they have high fees. I lose a lot to the transaction fees while I can send ltc and doge nearly for free.

Litecoin and Dogecoin are like favorite choices for many people when Bitcoin blockchain is overwhelming and mempools are loaded too much.

Being accepted on many gambling sites is one of reasons to make Dogecoin is one of old altcoins that can survive in cryptocurrency market after many years. A meme coin that is widely accepted for use on many platforms, it is an important use case to make up Dogecoin value.

Stable coins are not even an option. They are available on many networks and it is easy to confuse them.

I stay with biggest stable coins like Tether USD (USDT) but I am not worrying about confusion among many stable coins. I am more cautious with risk of stable coin like it can be frozen in my wallets. With storage on a centralized platform, like a gambling site, it is bigger risk of fund freeze.

PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

[Baofeng]

I still prefer crypto, BTC, Doge and others. However, we have a local wallet app that integrates gambling already, so you can play with Evolution and other gambling operators so most of the time I'm using it and for sure most Filipinos here can relate to that app.

Nevertheless, if I will be given option, I will stay with Bitcoin as my main crypto to used. Although lately, we all know that mempool is congested because of deliberate attack from some entities that's why we go and used altcoins.

[boyptc]

The title says it all. Which currency do you prefer to use when betting? Is it stablecoins, good-old Fiat, or traditional cryptocurrencies such as Bitcoin or Ethereum?

Personally, I like to gamble with crypto not only because it's "KYC-free", but also because it represents freedom. The only downside is market volatility. Stablecoins always have their value pegged to Fiat (usually the USD), but they're too centralized and often lack investor protections or guarantees of any  kind. And then there's the choice of Fiat, but most (if not all) casinos or gambling sites require you to reveal your personal ID (KYC) to use them. In some countries it's even illegal to gamble online. So crypto for me, is the true winner here.

How about you?

Well, I want to still bet with fiat but mostly I'd bet with crypto, stablecoins, bitcoin or any crypto that's available on me.

The real winner here isn't about what we're going to choose but it is actually us, as the winners. Because of having plenty of options, we're able to have the real freedom to choose where we should gamble.

I guess that's what a real winner means to me.

[m2017]

The title says it all. Which currency do you prefer to use when betting? Is it stablecoins, good-old Fiat, or traditional cryptocurrencies such as Bitcoin or Ethereum?

My preference is cryptocurrencies.

Personally, I like to gamble with crypto not only because it's "KYC-free", but also because it represents freedom.

Since when did crypto become "KYC-free"? The KYC procedure applies in the same way to cryptocurrencies (and any form of money) in almost every online casino.

The only downside is market volatility.

This disadvantage becomes an advantage as soon as the market changes direction upward.

Stablecoins always have their value pegged to Fiat (usually the USD), but they're too centralized and often lack investor protections or guarantees of any  kind.

I don't trust stablecoins and would only risk using it for a very short period of time.

And then there's the choice of Fiat, but most (if not all) casinos or gambling sites require you to reveal your personal ID (KYC) to use them.

Fiat is a product from the last century that is inconvenient to use online. The main advantage of this is its offline application.

In some countries it's even illegal to gamble online. So crypto for me, is the true winner here.

That's right, crypto allows you to bypass local restrictions related to gambling.

[o48o]

The title says it all. Which currency do you prefer to use when betting? Is it stablecoins, good-old Fiat, or traditional cryptocurrencies such as Bitcoin or Ethereum?

Personally, I like to gamble with crypto not only because it's "KYC-free", but also because it represents freedom. The only downside is market volatility. Stablecoins always have their value pegged to Fiat (usually the USD), but they're too centralized and often lack investor protections or guarantees of any  kind. And then there's the choice of Fiat, but most (if not all) casinos or gambling sites require you to reveal your personal ID (KYC) to use them. In some countries it's even illegal to gamble online. So crypto for me, is the true winner here.

How about you?

Back in time used to gamble with BTC when was worth $300-1000. Winnings i cashed out and soon after i realized that i would have made more money just by holding it. I don't even want to remember how much btc i lost in total. Then i thought that i had learned my lesson and stopped playing completely and started trading. Then i found usdt and played where that was accepted,

That lasted for a while before i found out new SOL-based casino, that had connection to nfts i was holding at the time. I won sol, even got some free sol when they messed something up there and cashed that out. Sad thing is that it was 2022 and SOL was dropping to the ground, and didn't seem to have a bottom, only fud at the time. So i cashed out significant amount of SOL when it was under $20, because i was using that instead of usdt anyway, i wanted it to be more stable and not to lose all value.

So i learned my lesson again... until next time i have to re-learn it.

[nimogsm]

To be honest, I don’t think about it, it all depends on what I have on my balance right now for the game. Unless, if we are talking about bets on sporting events, then I bet a stronger equivalent and stemcoins are best suited for this. And for various games more It’s more convenient to bet various altcoins since there is a feeling that the price of 1 game is very cheap.

[coin-investor]

The title says it all. Which currency do you prefer to use when betting? Is it stablecoins, good-old Fiat, or traditional cryptocurrencies such as Bitcoin or Ethereum?

I never used fiat to gamble online I only used it offline, I only learned to play online because of Cryptocurrency, because of the easiness of using Cryptocurrency, you are safe and secure and the transaction is very fast and can be verified.

Online casinos and Cryptocurrency are made for each other, no wonder the industry reached the level of the most profitable industry.

My choice of Cryptocurrency is Bitcoin, but if the fee is too high I opted for Doge and Trx, these two are good replacements they are fast and offer very cheap transactions.

[bakasabo]

Strange to admit, but my attitude to cryptocurrency, after being so many year in it, is not as they are money or 100% money. This is expressed when I do actions with crypto, that ends with a negative result, i.e a loss, with a calm attitude. If I invest and lose fiat, I would be more disappointed, if I but an altcoin and its value goes down quickly. Probably "not care" factor is higher, compared to fiat. That is why I am more easy to deposit, gamble, and lose crypto, than fiat. I can say that I am greedy to gamble with fiat, or I feel sorry to lose fiat, when with crypto, when I lose, I might counter or correct it with "market price growth". That is why I gamble with crypto in 99/100 times. As to gambling with stable coins or other crypto, than for me it is not a big deal, as my balance and bets are displayed in $.

[Wapfika]

The title says it all. Which currency do you prefer to use when betting? Is it stablecoins, good-old Fiat, or traditional cryptocurrencies such as Bitcoin or Ethereum?

It depends on the market condition on what currency I’m using. I preferred stablecoin when the market is on bear market/consistently dumping to protect the value of my bankroll. I experienced before that all my profit erased just because the market suffer a huge price fluctuations downward while I’m still gambling.

On the other hand, I use crypto like BNB, XRP and Doge when the market is pumping hard so that I can ride the pump while enjoying gambling at the same time.


But in regular basis, I preferred stablecoin since I always convert all my profit to fiat after I finish my game.

[YOSHIE]

The title says it all. Which currency do you prefer to use when betting? Is it stablecoins, good-old Fiat, or traditional cryptocurrencies such as Bitcoin or Ethereum?

Currently I am in the realm of crypto casinos, I automatically gamble using crypto, such as: LTC, BTC and ETH, these are the three types of crypto that I often use, However, as time goes by and conditions like what happened yesterday, the cost of Bitcoin is expensive and also Ethereum, I have stablecoin reserves to consider when gambling, namely USDT, the advantage is that it has many networks such as Tron etc., I see the convenience of using USDT when making deposits or withdrawals, maybe that's almost all the casinos here.

Bottom line: crypto casinos have had the convenience of Bitcoin being created, it's no wonder many casinos using fiat features are switching to crypto, that's a real improvement over the current technological growth.