Topic: Crypto VS Fiat Online Gambling as per Google trends (Read 269 times)

The first page of this thread is full of spam. The second page is spammed with replies. I don't want to discuss the third page. Ultimately, everyone is trying to justify themselves but doesn't have a clue about what is being asked.

The gambling discussion child board is losing its value as it has become a sanctuary to achieve the target set for gambling signature campaign quotas. This has to end! I was trying to understand which crypto is mainly being used apart from those I listed, but I did not get a satisfying answer. Hence, I am locking this thread. Thanks to everyone who replied.

I gotta say, I don't agree with that. For starters, USDT and other stablecoins are still considered cryptocurrencies, no matter how you slice it. They're not officially backed by any country or central bank, so comparing them to fiat currencies just doesn't fly. And as for KYC, it's not just limited to fiat casinos. Any casino with a legit license from an authorized institution - whether they accept pure crypto, pure fiat, or a mix of both - will require KYC from their players if it's mandated by law.


No, the math is: No license = No government = No regulations = No KYC.

I think the comparison is about online casino usage between Fiat and Crypto but sadly @OP only present a USD usage compared to crypto usage which is very biased since the terms was fiat currency that includes all other fiat currencies.  Looking at the USD usage and the cryptocurrency usage in online gambling, it is clear that fiat currency is still leading in terms of casino usage.

I don't think cryptocurrency gambling usage is more popular than the fiat currency.  Online casino had been using fiat currency for deposits ever since it was established so it is very impossible for cryptocurrency to out perform it in a short period of time terms of online gambling usage.


I think otherwise, fiat currency online casino is adopting cryptocurrency because there is a new set of client packaged with it.   It is not because cryptocurrency is outperforming fiat currency but it is all about adding more audience to their platform.

Crypto-based casinos have been ruling fiat-based casinos for a long few years now, in fact, fiat-based casinos are shifting or adopting cryptocurrency, they have to because players are now moving to Crypto based casinos for better experience and convenience, and privacy protection, something fiat-based casinos cannot offer.
This trend is going to be permanent and the time will come there will be few fiat-based casinos, players are using Bitcoin BCH and Ethereum because this is the most popular coin in the community, its a currency of choice, and because Bitcoin is the top coin, and it will remain this way for many years.

Everything is much simpler, someone who wants to play in a casino or make a few bets just goes to Google and looks for the ratings of sites that are available in his region, maybe he will choose the site whose ad he saw earlier. Such sites usually provide an opportunity to play in the national currency and the player does not need to worry about buying cryptocurrency for this. They just put in some amount and play, and I doubt that Google can give us accurate statistics in this matter.

You will not get an accurate comparison between actual gambling that are done with FIAT and those that are done with Crypto currencies, because you are filtering "words" that are searched in Google.

People will not search for "USD gambling" or "Fiat casinos" when they are looking for a casino where they can gamble.... they will rather use the words "online gambling sites" 

Every gambler has a crypto that they like to gamble and most gamblers really like to use Bitcoin, but lately Bitcoin has increased transaction fees, so it seems that some gamblers are starting to switch to other cryptos that have lower fees and also a fast transaction process like you using XRP and Doge.
But for myself I have never used XRP or Doge at all because these tokens have prices that tend to be quite low so that if there is a price reduction, the value of the remaining balance that I have will also decrease.
Previously I always used Bitcoin and USDT but because we know for ourselves that Bitcoin has high fee constraints, my best choice is USDT, besides having a price that is as stable it also has fairly low fees with fairly fast transactions.

I think it's just based on what the gambler has, the gambler has Bitcoin cash so he uses it to deposit as well as Ethereum, because if you have to trade it first for Bitcoin just because to get the network fees it's cheaper where right now it won't give them fees either extra when exchanging them for Bitcoin or stablecoins. So gamblers will immediately make deposits based on what they currently have, that's why many casinos provide enough payment options to attract gamblers who also like or own coins other than Bitcoin. But I'm sure gamblers will choose coins that are more stable in price so that when they make withdrawals and want to sell them they won't experience a reduction in profit, because recently there was a casino that added PEPE coin as an option in their payment, and I would not choose this coin especially if I had to exchange my coin to PEPE coin because the value of this coin would reduce the profit I got considering this coin is just hype.

I will stick to what coins are available in my wallet, but I mostly use Bitcoin the consideration is that if you make a profit then the profit can be kept for the long term because the price of Bitcoin tends to provide better returns for long term holders, and also because I get paid from the signature campaign in the form of Bitcoin which is the income that I use when playing.

comparing crypto gambling and fiat gambling only according to google sources in my opinion it is not accurate because I think there are still many fiat gambling who use this method on the grounds that they do not know about crypto. even though crypto is currently a trend, it's only for investment or trading and maybe they don't know about gambling. because I have proven myself asking people in my city why not gamble using crypto and to their surprise they replied that it turns out that crypto can also be used as a gambling tool. so I can conclude like this.

about the question of favorite coins maybe some people will say bitcoin is the most popular because it is not centralized and fraud is very rare. I mean for example if gambling using other coins such as FTX and FTX collapses, of course we will definitely lose the value of the FTX coins.
it's different from gambling using bitcoin which will never lose value it's just that when the price drops we still have some that can be exchanged to a certain value.
on the other hand I still like bitcoin to bet because if I bet using bitcoin with a budget of $ 500 after that there is still $ 300 left and the bitcoin pump of course the remaining value of $ 300 will turn into $ 400 or $ 500.
so that's all my reasons why I still use bitcoin for gambling.

Why you're saying crypto casino is better than fiat casino? based on the picture you've posted, crypto casino was better than fiat casino, but the recent graph show if fiat casino suddenly increase and may likely surpass crypto casino.

I'd say crypto casino is better than fiat casino because you're more safer gamble through crypto casino and you don't need to go outside from your home if you're lazy couch potato.

 
People ignore it because most USDT casinos enforce KYC on the players. USDT is not exactly USD but it is still in a grey area so they still have have to comply with the government rules. When you send your money to a pure crypto casino however, none of that bullshit applies to you or to the casino anymore. Especially if the casino don't have a gambling licence, you are in the wonderland.

The math is simple:

No FIAT = No government = No regulations = No headaches.

It's an interesting data but more or less I don't see such a surprising data... because many people cannot use USD (for example here in the EU we really don't have the availability of this FIAT currency or if we have it would be truly expensive due bank commission).
Meanwhile cryptocurrencies are always quite "easy" and common to use and have a potentially "global" application area. an US citizen could use both. So there will always more people able to use crypto then USD.

When the USD usage is calculated against the cryptocurrency usage on gambling platforms we were able to see a big difference. The same when calculated against the entire fiat against the cryptocurrency usage we'll see the trend to be closer in percentage. Another thing, the growth of cryptocurrency used gambling sites were quite high. We can understand it easily through the existence of more and more number of cryptocurrency accepted gambling sites.

In the past it isn't possible to see cryptocurrency accepted gambling sites promotion anywhere. Now these platforms were sponsoring different teams and tournaments. We were able to see big visibility of the cryptocurrency accepted platforms. This slows down the usage of fiat into gambling.

Crypto gambling must have an increasing number of patrons. That's probably brought by the convenience provided by crypto gambling platforms. Although KYC is still a thing to many crypto platforms, this is not something that you will have to strictly comply upon signing up. So to a certain extent, you can be a little private with crypto gambling.

I'm also surprised that Bitcoin, Bitcoin Cash, and Ethereum are the top coins used. Bitcoin and Ethereum have high fees. Bitcoin Cash is not really an interesting option. Why not Dogecoin, Litecoin, Ripple, or stablecoins? They're cheaper and faster to transact.

Just depend though, maybe individuals are curious as what could be the numbers of crypto vs fiat online gambling. Sort of just out of curiosity and that's it. Either you understand and favor the numbers that Google is giving us.

It's because gambling in fiat could be land base or those traditional big casinos that we have seen in Vegas, or simply those online games that have been here way before the advent of crypto based casinos.

This is because gamblers holding specific token doesn’t want to convert their holdings while gambling hence they will just use fiat if they want to gamble outside of their investment. Most of the gamblers are just gambling if they want to increase their holdings or too bored on holding. Simply they are just playing with their investment and they don’t want to missed the opportunity when their holdings pump.


Bitcoin since it’s everybody’s holdings but if you mean preferred as in quick and cheap transaction fee then XRP and Doge for me.

This is what I was thinking. There is a difference between what people look for and what people finally bet on. You cannot establish a direct relationship and say that what people are looking for about cryptocurrencies are what they ultimately bet on in casinos. There will be some relationship, but we can't take it as an exact science. In fact, I don't remember ever having searched for 'bitcoin gambling' and perhaps, as with the recent fee spike, I could have searched for an altcoin with low transaction fees, but maybe I would have searched for 4 and in the end only used 1, or none because now they have lowered the fees and I would avoid having to exchange my bitcoin for altcoins.

This is actually true on which we know that there are different fiat we do have not only on USD which means that it is really just on the small side of the picture if we do speak about overall popularity.
Just as expected on which these kind of polls or surveys or whatsoever in speaking about statistics is that it couldnt really be precise.It would really be that a tedious tasks on trying out to learn up
all the actual numbers which we know that it would really be that vast if we do really tend to list one by one.Not all platforms would really be also that transparent if we do speak about
volume due to possible taxation or reduction which we know that numbers couldnt really be precise whether they would really be more than or lesser than with the actual thing.
Trends is something that couldnt be precisely be told that crypto had overtaken fiat because this isnt something that could be exactly be known but to know
that crypto is really gaining up some attention.

The fact has long been established, that Cryptocurrency casinos are now the preferred casinos to play over fiat-based casinos there are a lot of reasons why I will not explain all of this because we have so many threads that explain all of this besides the many articles online

I use USDT from time to time and if I'm not using it not because it reflects my win and loss figure I just find better alternatives

Because this is the most popular and there are more holders of these coins than all the other coins and they of course want to hit one stone with two birds if they win they've just accumulated these most popular and sought-after coins for their portfolio.

Some crypto-gambling sites have the service of buying directly cryptos on their platform with the use of third-party service. No need to face tremendous high fees and the transfer was instant. That's what others do instead of buying cryptos from the exchange and then transferring it to a gambling site. Regardless of the fees though, the gambler is just being a gambler.


I think there's a misleading here. USD gambling in general doesn't represent the whole online fiat gambling.

Fiat online gambling is no doubt growing its numbers too. As a gambling enthusiast, I both played at fiat and crypto gambling and as far as how I observed gambling here in our region, fiat online gambling is more popular than crypto gambling.

Anyways, is there really an accurate source that we can rely on for the comparison of their trends?