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?

I don't think cryptocurrency surpassed fiat gambling industry by any means even only with USD if we compare the online and offline casino of USD deposit will be higher than or equal to cryptocurrency gambling but I would like to see more gambling centric countries.
 But there is no second opinion about the growth of cryptocurrency casinos in the last few years because people found its more convenient than traditional fiat deposit in all the aspects.

Seem odd to see someone who will really be searching those terms on Google as most of the time, beginners will normally just search poker or strategies to win. Whatever the reason for someone to search "crypto gambling" has no intention to play on online casino but just researching. And is the search term "USD gambling"  

None of those search terms spark a trend but most probably gambling in fiat still wins the volume compared to people using crypto.

I never did any search about that like the OP did, and I think I feel less concerned about it until it becomes a necessary thing for me to do.

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But you are right; the factual result is based on the country of the individual, in which case it could be that gamblers who gamble with fiat overshadow crypto gamblers, or vice versa. You also made me understand it better now, thou, because since crypto is a general thing that can be used by any gambler in any country of the world, data will be collected considering all the countries where gamblers are using crypto to gamble, whereas when it comes to fiat, it only picks the data based on the country using USD. Which is to say that if all data is collected for all fait gambling in every country where gambling is permitted, the result could still prove that fait gambling really overshadows crypto gambling.

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.

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. 🧐😀

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.

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.

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.

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.


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.

...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).
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.

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.

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.

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.

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

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.

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.  

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.

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
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.

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.

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.


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.

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.

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,

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.

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?