Do you prefer the crypto online gambling or regular fiat casinos gambling?

Hirose UK

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Quote from: |MINER| on May 16, 2024, 03:09:04 PM

I will select those casinos and those payments mediums who have more security. As for gambling with the fiat currency we have to use our bank account or physical attendance it look bit of low privacy against the cryptocurrency. So I always gonna choose Crypto as well as I am also crypto attached guy.

But I think for fiat not everything has to be with bank account because there are several digital wallets that can be used and these will never include any privacy regarding the bank account we have.
Moreover, for crypto, usually some people also use exchange or trading platforms and it is clear that when registering on the platform will definitely use KYC, but will never be able to find out about personal data because only make deposits using wallet address on network used.
For myself, none of that is reason because the most important thing for me is the profits that can be utilized and also the security when I succeed in getting decent win.

Some fiat gambling sites have cheated by not paying customers winnings and this is the reason I have kept crypto-based gambling sites as the main option for several years.

angrybirdy

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Quote from: Oshosondy on May 13, 2024, 09:00:02 AM

Quote from: Ojinga on May 13, 2024, 08:53:27 AM

But gambling with coins will involves of spending more money on the play coins. Which have no value or gain at the moment (if they have value, they wouldn't be play coins, they do just be different kind of currency) So, you’re paying for the privilege of risking something of no value in the hopes of winning something of no value. That doesn’t even count as gambling anymore; that’s paying a fee for the privilege of keeping score on a random number generator. What's your own opinion towards this?

I do not understand what you mean by this. Either you are gambling with coins like bitcoin or you are gambling with fiat, they are money and they both have value.

The only reason I do not like gambling on fiat gambling sites again is because on the international gambling sites that I was using, only wire transfer can be used to withdraw by people in my country, it takes days or weeks before the money will be credited into my account, unlike crypto gambling sites that takes just few minutes to withdraw coins.

you understand correctly, he is just asking what we prefer, whether by the use of cryptocurrency or fiat (land based casino) because there are many here who gamble using their crypto coins. it depends on what people want because sometimes, when the value of crypto coins is high, they prefer to hold it instead of using it for gambling. Usually fiat based gambling is high tech, just connect the bank wallet to gambling sites to top up money then that's it, you can gamble without hassle.

SamReomo

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Quote from: _act_ on May 16, 2024, 09:18:37 AM

But did you know that many people are using casinos that accept cryptocurrencies, they did not provided KYC documents and thinking they are having privacy.

Yes, I know that and I believe they are right when they think about privacy when they deposit cryptocurrencies in those online casinos. We all know that crypto gives higher level of privacy as compare or fiat but I know that the ones who are high rollers should avoid doing that as they will face trouble in future if they deposit huge amount of cryptocurrencies in a casino that requires KYC verification.

Quote from: _act_ on May 16, 2024, 09:18:37 AM

If they read the terms and conditions of the casino, they will see that KYC is required and if they win and want to withdraw, the casino will ask them to get verified before they can withdraw.

Yes, I know that in some casinos KYC is required and that's clearly written in their terms and conditions but as far as I have noticed, the gamblers who play fairly and doesn't deposit huge amounts may not have trouble in withdrawing their winning even if they aren't KYC verified members at that casino. However, I highly recommend high rollers to avoid playing in KYC requiring casinos because they will have to go through verification process in order to withdraw their winnings.

|MINER|

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I will select those casinos and those payments mediums who have more security. As for gambling with the fiat currency we have to use our bank account or physical attendance it look bit of low privacy against the cryptocurrency. So I always gonna choose Crypto as well as I am also crypto attached guy.

SmartGold01

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Quote from: Odusko on May 15, 2024, 01:42:04 PM

Quote from: SmartGold01 on May 15, 2024, 02:41:02 AM

If I may get you correctly, gambling using fiat is more disadvantageous than the advantage it gives why because when you deposit coin such as bitcoin or BNB maybe could ETH and the market keeps increasing you would see that it will appreciate overtime than you who is deposited fiat and remain on a constant value so even though you lose or win the value won't change overtime rather would remain the way its. Please next try to make your reader understand what message you are trying to convey, at some point I got the whole thing twisted.

To some extent I may have to agree with you on the volitility of cryptocurrency based gambling against fiat or stable coins but then we also need to take note of the advantages also that comes with it when the reverse becomes the case, so what I do is that as possible Ng as gambling is already high risk, I can use bitcoin comfortably knowing that as long as I have set that amount to gamble with I can lose that said value regardless if I lose the bet or the value of the coin I use to stake the bet dropped significantly.

What we should know is that lost is inevitable on gambling and irrespective of any currency we are using to gamble and we could still lose them at the cause of trying to use a special currency to gamble, be it fiat or cryptocurrency we still lose them. But sometimes using them makes it bring advantage based on the regard that we won the bet and at some point when the values increases then we are cashing out additional amount to what we had already won from the bets as the case may be.

Ojinga

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Quote from: Beparanf on May 13, 2024, 09:39:25 AM

Am I right that you are considering crypto coins has no value when use on crypto casino? Because you are referring to play token coins and not crypto coins which can be considered as fun mode play.

You are comparing it wrongly and you should revise the topic on playing in the casino with fun tokens compared to real money since fiat casino and crypto casino are both using real money on all of their games. I can't say coins are off value in the economy coins are much more higher and betting

I'm not condemning the casino gambling, i do also prefer it more then the fiat casino gambling. In the economy now coins are much value than physical money now, so I can never compare it with real money what I'm saying is that in my opinion crypto casino gambling it's not much popular. So many people don't know about it with this process it seems less useless to them, but their are people who's benefiting from it and with this set of people it seems valuable. The conclusion here is that crypto casino gambling seems more on known to people more than the physical gambling.

leonair

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Crypto casino is always good because here we can deposit and withdraw as much as we want without any restrictions and it is instant. But if we want to use Fiat Casino then banking is from Jamela. Many types of problems are faced while depositing and withdrawing money. So I always avoid fiat money casinos and use crypto casinos if I want to gamble. There is a freedom in crypto that the banking sector lacks. This is why crypto has become so popular and crypto casinos are being used by more people

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Quote from: Kakmakr on May 15, 2024, 01:36:33 AM

I think casinos quickly realized, if you can remove the physical senses of "touch" and "sight" from handling currencies, then people spend more.

Example : Many moons ago, people played slots with casino coins and they physically handled the coins. The player received a bucket to hold the coins and you inserted the coins into the slot, when you wanted to play.

Now, people simply add money to a card and they hardly notice the balance going down. There are a mental break between you and your money... a lot like swiping a credit card or you using digital Crypto currencies. (Numbers on a screen)

Unfortunately same goes for the credit card world and cash world. If you asked someone to pay lets say 1000 dollars in cash, they would see how big it is, but you tell someone it is with credit card and 12 month instalments and you end up taking even more of their money later on.

The issue is that casinos realized that if you do not have cash on hand, then it means that you are going to gamble more, spend more, and that is why they do this. Crypto is about similar, you do not really see the money or hold the money, it is just numbers, it feels fake and you do not really feel like you are losing any money at all. If it was cash in your hand I bet that 90%+ of the gamblers wouldn't want to bet with this kind of money at all.

Solosanz

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Remember, you can gamble using fiat in online casino too, not necessary must be in land based casino.

There's no difference if you gamble using crypto or fiat, if you gamble using crypto, you need to value your bet equivalent in crypto instead of fiat. Same to fiat, when you gamble using fiat, don't value your fiat in crypto.

Actually life is choice, you make so many decision from two or more choices, whenever you didn't pick the best choice, try to learn instead of regretting over and over.

bitbollo

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I generally prefer crypto bookmakers/casino because they are simpler to use and offer a wider range of markets and options than classic bookmakers/casino.

however, crypto bookmakers DO NOT have an essential product...the betting exchange!
Without the volumes of the fiat markets this will remain a very complicated sector to "beat" Sad

but I think this is a product that we need and will make the difference in gambling scenario.

_act_

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Quote from: SamReomo on May 15, 2024, 02:16:34 PM

I know there's nothing wrong in using fiat for gambling purposes and many gamblers prefer to use it instead of cryptocurrencies but it's hard to get privacy when using fiat and that's why I avoid using fiat for gambling purposes because that somehow ruins the privacy part of it.

But did you know that many people are using casinos that accept cryptocurrencies, they did not provided KYC documents and thinking they are having privacy. If they read the terms and conditions of the casino, they will see that KYC is required and if they win and want to withdraw, the casino will ask them to get verified before they can withdraw. Some casinos will only give their customers withdrawal limit and if the customers have been withdrawing and passed the limit, the casino will ask for KYC. Reading casino terms and conditions is very important.

stomachgrowls

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Quote from: SamReomo on May 15, 2024, 02:16:34 PM

Quote from: Crypt0Gore on May 15, 2024, 04:45:49 AM

Also there is nothing wrong with using Fiat to gamble unless you have a problem with people seeing you as a gambler

I know there's nothing wrong in using fiat for gambling purposes and many gamblers prefer to use it instead of cryptocurrencies but it's hard to get privacy when using fiat and that's why I avoid using fiat for gambling purposes because that somehow ruins the privacy part of it.

We do know that we do came originally from fiat gambling on which we've been using this since the start of time or simply we do originated on this one. It did really just that turned out that crypto
was been that created and do really give out that best option if you are really that minding about when it comes to accessibility plus having that anonymity on which we know that this iisnt something that
you could really be able to obtain when you do play using up fiat. It would really be having those differences on which we know that this is something that could end up on someone preference.
There are ones who do really care and there are ones who doesnt.

So it would really be just that referring on how you would really be that liking on making use in between. It would really be according into your own needs or would really be basing
up on the availability because people would really be just that simply adapt on whats the things that in front of them.

SamReomo

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Quote from: Crypt0Gore on May 15, 2024, 04:45:49 AM

Also there is nothing wrong with using Fiat to gamble unless you have a problem with people seeing you as a gambler

I know there's nothing wrong in using fiat for gambling purposes and many gamblers prefer to use it instead of cryptocurrencies but it's hard to get privacy when using fiat and that's why I avoid using fiat for gambling purposes because that somehow ruins the privacy part of it.

ChiBitCTy

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This depends entirely on what kind of gambling I'm looking to do. If I'm looking to place some sports bets, then getting on my online casino's tends to make the most sense. If I'm looking to play a long game of Poker/Texas Hold'em, then being in person where I can use the art of "bluffing", reading other places faces etc that make Poker fun (to me), then being in person makes the most sense.

Mia Chloe

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Quote from: harapan on May 15, 2024, 05:58:04 AM

With your thread I can say that you strongly believe in Fiat currency than crypto currency and I don't know the reason for your decisions but crypto is better as pertaining the privacy and security but you don't get that with regular fiat casinos which is why you need to trust online crypto gambling and talking about coins not having value,how about trying stable coins and see the outcome.

You are quite right however both crypto and fiat casinos have their distinct advantages and disadvantages. However since we are currently in a dynamic era, people tend to prefer crypto currency accepting casinos to regular fiat casinos based on different reasons. One of them is the fact that fiat casinos usually tend to have. Bigger percentage allocation to taxes, compared to crypto casinos on the other hand which usually has very little or no tax at all. Another importance is the convenience of crypto casinos over fiat casinos since you are able to deposit funds into your casino wallet any time and anywhere without any form of fiat currency restrictions.
With crypto casinos gamblers are able deposit in crypto currencies and still stake with the individual rates of their local currencies.

jaberwock

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Quote from: _act_ on May 13, 2024, 05:17:57 PM

Quote from: Yogee on May 13, 2024, 05:14:47 PM

I think he's describing fiat vs. crypto. I don't know why he thought crypto doesn't have value but maybe OP used to play with some dead coins or haven't really tried one yet. I believe it's the latter and he probably doesn't know that he could also trade coins for fiat.

What I think more about this is that OP is not playing on casinos that are accepting cryptocurrencies. If he does not want coins that are volatile in price in the market he can go for stable coins like USDT while many casinos are accepting USDT on Tron network and its fee is cheap. I think he is just the fiat casino type that have no experience about cryptocurrencies at all.

I've tried both types of casinos and I can say that there are no big differences in terms of games or anything at all. So, if we will just use a stable coin to play on a crypto casino, then why can we just play on a fiat casino instead? But, if we are completely new in crypto, it's also nice to try and experience them even for once only. Me, as an experienced player of both casinos, I find my self hooked on the fiat casinos.

I think it is because deposits and withdrawals here are completely free of charge and they are also instant. It's interesting that even if they are already fiat-based, many of them are now still starting to support cryptos as one of their payment methods. I guess they are only/also giving crypto players a chance to experience what is like playing at their platforms.

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Quote from: SmartGold01 on May 15, 2024, 02:41:02 AM

If I may get you correctly, gambling using fiat is more disadvantageous than the advantage it gives why because when you deposit coin such as bitcoin or BNB maybe could ETH and the market keeps increasing you would see that it will appreciate overtime than you who is deposited fiat and remain on a constant value so even though you lose or win the value won't change overtime rather would remain the way its. Please next try to make your reader understand what message you are trying to convey, at some point I got the whole thing twisted.

To some extent I may have to agree with you on the volitility of cryptocurrency based gambling against fiat or stable coins but then we also need to take note of the advantages also that comes with it when the reverse becomes the case, so what I do is that as possible Ng as gambling is already high risk, I can use bitcoin comfortably knowing that as long as I have set that amount to gamble with I can lose that said value regardless if I lose the bet or the value of the coin I use to stake the bet dropped significantly.

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Quote from: adultcrypto on May 14, 2024, 06:39:22 PM

I started from physical gambling, it was actually fun because I made so many friends from visiting physical shops. The shops was also a nice place to network, share ideas and even strike other business deals outside gambling. However, since I started using online platforms to gamble, I hardly visit physical shops, the urge is not there. We can say therefore, that the comfort that online gambling brings is better than the fun that physical shops bring. This is right because gambling requires some form of privacy and confidentiality, and this is what online gambling have made possible.

I used to be very keen to play physical casino gambling but after emerge of online gambling I am not willing to play physical gambling. There are many who have changed their habits and an important reason for this change in habits is the convenience of online gambling. The game that I used to play in one of the physicals casinos, Now I have the opportunity to play at home. Moreover, the amount of games in online casinos is also higher than in physical casinos. No fiat based casino offers the convenience that I get to bet with crypto from the comfort of my own home. Which is why I have a special focus on online casinos.

Dr.Bitcoin_Strange

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Between Crytpo and fait casino, I don't see it as a difficult choice for me to choose the casino I want to bet on, and I don't also find it difficult to exchange my winnings from crypto to fiat. Although some casinos have delayed withdrawals, not really all casinos have this issue. I can actually use fait casino or crypto casino depending on the asset I have at hand. If I have my local currency at hand and I want to gamble with the money, I can deposit to the casino I want to use via bank transfer but if I have some Bitcoin too or other crypto that I want to spend on gambling, I will just deposit the crypto straight up. I don't have issues making a choice; I choose the casino I want to use depending on the available assets.

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Quote from: harapan on May 15, 2024, 05:58:04 AM

With your thread I can say that you strongly believe in Fiat currency than crypto currency and I don't know the reason for your decisions but crypto is better as pertaining the privacy and security but you don't get that with regular fiat casinos which is why you need to trust online crypto gambling and talking about coins not having value,how about trying stable coins and see the outcome.

He may have many experiences playing gambling using fiat currency than crypto currency. But that will be up to him and other people because there is no forcing for any people to playing gambling using fiat or crypto currency.
If they feels better to use fiat and still use fiat, they can use fiat and not to use crypto. But as we knows crypto can be used to playing gambling, we choose to use crypto to playing gambling because we can hides ourselves.
Maybe he needs to try to use crypto to playing gambling so he knows what's it feels and maybe he will like to use crypto than fiat too like us. Using stable coin is the other options for those who doesn't wants to use bitcoin or altcoin while they can buy the stable coin and send it to their gambling account.

Topic: Do you prefer the crypto online gambling or regular fiat casinos gambling? (Read 483 times)