Gambling with stablecoins, Fiat, or crypto?

[Kelward]

Since I gamble in crypto enabled platforms, even if they have the option of fiat deposit, I do not give it a thought because I prefer crypto given the ease and peace of mind it offers. I do not feel comfortable entering my card details into different online platforms. Furthermore, gambling platforms have different different crypto deposit options of which I chose that which have less fees and faster confirmation time. However, despite the deposit options, I prefer seeing my balance in dollars to be able to properly manage my gambling in terms of amount to gamble with per round and also my target to win.

If we're talking about online gambling, then my preference is definitely cryptocurrency, especially because I hold cryptocurrencies so it is convenient for me to use them for gambling. Providing bank details for gambling is not a good option for me, except for physical bet shops where I can make payments in fiat, it's all about cryptocurrency. Bitcoin and usdt stablecoins are my preferences, but mostly stablecoins because of Bitcoin volatility and occasional mempool congestions.

[swogerino]

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 also play only with crypto from many years now,since I first get known to the cryptocurrencies,I also like their freedom which cannot be matched by any other money whatever it be from the FIAT range I mean as if you go with FIAT you need to verify yourself and even if you don't verify yourself the mean to deposit funds lets your identity seen to the casino team,in crypto is great as unless you verify yourself there is no way the casino to know that this wallet belong to this real person.

For the volatility it rarely happens to have huge swings in a small amount of time so for me that is also not a problem at all.

[Solosanz]

There's no such "KYC-free" or "freedom" when you gamble using crypto because most casinos nowadays are require to submit KYC including the casino you promoted. Even Bitcoin is a decentralized coin, if you the coin is in centralized site, the site can confiscate your coins.

I don't see any big difference between gamble using stablecoins or high volatility coins because in the end, you will loss your coins since gambling isn't for making money.

[Peanutswar]

I like using stablecoins because even the market is volatile still the value of your coin are as is so you don't need to worry too much, but I'm using bitcoin for my gambling entertainment of course its more convenient and bitcoin more likely are the first supported coin of a gambling casino so its a good thing to me but the cons like currently happening the price of the BTC fell so the value of your asset now if converted into fiat is also reduce still BTC is BTC but if you always love to cashout and caught with the market dump that's the time feels bad.

[ethereumhunter]

I prefer to use crypto to playing gambling although I can use stable coins, Bitcoin, Ethereum, or other cryptocurrency. That will depends on my mood and if I wants to use Bitcoin, I will directly send my Bitcoin or use my balance on my Stake's account so I don't have to deposit more money. Yes, we will have a chance to hide ourselves by using crypto casinos but we still needs to fills KYC if the casino asks to do KYC.

If in some countries gambling prohibit, people can use cryptocurrency to playing gambling so they can hide themselves from other people if they wants to playing gambling. But they may doing KYC when they wants to withdraws their money if there are requirement from casinos to do KYC. Cryptocurrency represents freedom but we can't fully free because there will be a need to do KYC from casinos so we must obey that rules from the casinos.

[panjul07]

I would prefer to use Crypto as my main currency for gambling especially TRX and LTC due to its cheap transaction fee.
Few years ago before when I have not heard about crypto, fiat is absolutely the only choice of payment method I use on fiat online casino.
Now crypto is my main currency when it comes to gambling, I have left the fiat online casinos I used to visit years ago.
Stable coins, some time I used it especially USDT BEP20 or TRC20, but my main option is still TRX most of the time.

[el kaka22]

I usually gamble with crypto ones a lot, but for the past few years I got used to gambling with some stablecoins as well and I have to say I do not hate it. I mean I never gamble with fiat, that's just not even an option for me and I will never do that, but between crypto and stable, while I prefer to gamble with crypto, I will definitely not be against stable neither, it just feels like it is going to be fine.

Stable was something I used to dislike, because I believed that centralized nature of it was something I dislike, and the reality is that for investment purposes I still dislike it, but then I realized I am putting it in gambling, meaning I already accept losing it, so for gambling purposes alone, stables are not that bad.

[boltz]

I prefer to use Tron to gamble for quite some years now and rarely I go with using fiat for gamble. I think Tron was design for gambling right ? and we can see this lately where the price didn't drop and actually maintain the price ( probably because people are gambling at Euro a lot using TRX ). For Fiat , I use RON ( my national currency ) to gamble on esports because the platform I use for TRX doesn't support cashout option at Esports and we all know trows can happen even where a team has 1.10 odds ...especially at Dota2.

[Hispo]

I personally prefer to gamble using stablecoins, instead of volatile Cryptocurrencies like Bitcoin and Ethereum. It is mostly because I consider myself to be a holder of Bitcoin and I am aware the long term activity in gambling can lead to the loss of our assets, I don't like losing Satoshis, besides, in my mind it makes it easier to track one's losses/win during the same session if one uses stablecoins pegged to the United States Dollar, instead of using Bitcoin units.

When comes to Fiat, here in my country is kind of bothersome to try to place bets using cash or bank tranferences it takes too long when compared to the shift Blockchain transactions of some chains like Ton, Tron and even Ethereum. Not even mention that it would imply the government would have an easier access to one's personal information, We don't like our government, so the least they know about each one of us, the better.

[Findingnemo]

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 hard to find crypto casinos without mandatory KYC these days so you might not have that perk anymore. Gambling with stable coins and crypto such as Bitcoin makes no difference in my opinion cause we just wager what we can afford to lose or atleast that's what we are supposed to do. But the thing with crypto casino is provably fair which gives us a satisfaction that the results are not rigged but gambling on fiat based online casino I am not really that comfortable for the same reason, I might be wrong and the results are fair too but with the exposure of crypto casinos I didn't get much chance to try Fiat based casinos other than some fantasy games.

[Z_MBFM]

Since I gamble in crypto enabled platforms, even if they have the option of fiat deposit, I do not give it a thought because I prefer crypto given the ease and peace of mind it offers. I do not feel comfortable entering my card details into different online platforms. Furthermore, gambling platforms have different different crypto deposit options of which I chose that which have less fees and faster confirmation time. However, despite the deposit options, I prefer seeing my balance in dollars to be able to properly manage my gambling in terms of amount to gamble with per round and also my target to win.

Crypto is one of the best options to make payments of any amount quickly without any hassle. Gambling sites are still banned in my country so it is most comfortable for me to use crypto casino sites here as no one can trace me how much amount I have invested there or how much amount I have withdrawn from there. When someone goes to deposit money from a bank on a banned site, he will encounter payment issues, it is normal for this, crypto deposit is a very easy and safe medium. so I always use crypto on casino sites. I have no experience using FIAT money in casinos so far

[Zigabel]

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?

The flexibility and hitch free nature of fiat has made more preferable to me than i would with other forms of payment that i can use to gamble, i know that gambling with cryptocurrencies can at some point be very interesting and fun because you may win a certain amount in crypto and after a while, the value increases and that turns out to be more profit for you.

For the sake of anonymity, obviously, crypto gambling platforms remains the best because the usage crypto in its entirety in most cases are usually anonymous and promotes anonymity. but looking at regions where gambling is legal and regulated and the casino needs to keep track on its customers, then there's no definitely no room for anonymity.

[KTChampions]

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?

If we talk about making money, I am sure that stablecoins should be used in gambling. This will allow you to use your strategy regardless of what phase the market is in and withdraw your profit (if it is haha) at any time rather than waiting a year or two for the right price. But in fact, I mainly use Bitcoin in gambling, because of habit and because no matter whether I win or lose, I am not going to exchange Bitcoin for Fiat until the ATH next cycle.

[criptoevangelista]

I prefer to accumulate bitcoins thinking about the future... I don't usually use other currencies because I don't buy them. So for practicality and price stability, I generally use Stablecoins... and there is also KYC-FREE.. which you cannot have using FIATS.

[acroman08]

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?

anything that is convenient which is mostly bitcoin or altcoins(but lately I've been using altcoins more). like you, I use crypto because it is usually available in casinos that do not require KYC upon registration, I like to gamble as anonymously as possible so gambling in crypto casinos that do not require KYC upon registration is always a good choice for me(that being said, no KYC upon registration isn't the only thing I am looking in a casino).

[aylabadia05]

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?

How about you?

The only type of crypto that I like is Bitcoin. Automatically I will not use Bitcoin for gambling. I also prepare stablecoins to buy Bitcoin. So far, the type of currency I use to gamble is fiat on gambling sites that do not support crypto coins. If I want to gamble at a crypto casino, then stable coins are what I use. That's my honest reason rather than having to get tangled up in parsing the words.

[Jaycoinz]

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 if it's because of KYC advantages then I think you would probably go back using fiat be a lot of these crypto casino are now required by the government to put or enforce the use of KYC verification for their customers.

Well for me I think it's because of the easy and simplicity of the whole use of cryptocurrency especially USDT and I prefer it because of its stable nature.

[topbitcoin]

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 me I prefer to use cryptocurrency, and the one I use most often is TRX, and sometimes also use Bitcoin, BNB, and sometimes use dogecoin, I never use FIAT currency to gamble, not about freedom but I think it's easier to do it without having to be complicated.

I also do KYC on the gambling platform I use, because I feel it's time to do KYC to continue gambling using my old account, again and again it's not about KYC stopping me from gambling and the desire for freedom from not using personal data in gambling.

Maybe some people do prioritize their freedom and anonymity but want to continue gambling so they use crypto as their alternative to hide their personal data from KYC.

[Doan9269]

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 also prefer the use of cryptocurrency in gambling because of the way I will enjoy making deposit to my crypto casino wallet and how the whole procedures has been made easy to do, being a bitcoiner or a crypto user, one will find it more comfortable in using the digital crypto he has and not to worry on the use of fiat, when my treasure is in cryptocurrency then I will definitely prefer the use of crypto and majorly the mentioned coins for me to gamble with, I've found crypto more interesting far better than the use of fiat for gambling and mostly I use bitcoin or USDT.

[coolcoinz]

In my case it's petty simple. I don't own any stablecoins. I see no reason to use them. They're more of a trader's escape.
So, that said, I also don't own any altcoins. I used to but nowadays I only hold a little bit of ETH.

Bitcoin is the only cryptocurrency I gamble with. I usually prefer to spend cash than my BTC because it's going to be worth more so I'd rather hold.