Topic: Fiat-betting to crypto+betting (Read 849 times)
I still use both options, some features of fiat deposits can not be the same in crypto casinos. Like cashing out your coins will take longer due to obvious reasons while fiat withdrawals are better to spend in a few days. For larger amount, the additional time will be asked by casinos or bookies to check before confirming withdrawal on both cases.
Some can't avoid using fiat because for example if they are using their credit/debit card, so in this case, their identity is already submitted to the casino.
once more, it may depend on personal choices. That is why more options, we can get more choices.
One person may prefer to use crypto only.
Another person may choose fiat.
And Another person again may choose both crypto and also fiat.
As long as they are available for them, it is no problem.
In crypto betting it does not require their users for the mandatory KYC we'll some of the platforms required now for their level 1 verifications. Also, this keeps you anonymous there's no real name to prevent getting some serious cases. Also, the crypto has a cheaper feel still it depends on the coin you will use and if the market is already contested. Most platforms now are using the stable coin or fiat currency equivalent to the amount deposited so the user or player does not get frustrated on the market volatility.
Some can't avoid using fiat because for example if they are using their credit/debit card, so in this case, their identity is already submitted to the casino.
Actually even without linking users' debit or credit cards, personal information was already submitted as most fiat casinos are centralized and KYC is mandatory there. However, the convenience is there as it just needs 1 click for deposits. Fast and quick with cheap fees. However, that method can't only be applied to those cardholders. Unlike in crypto gambling sites, that even at a young age, they can access the gambling site with no problems that's why there are other threads concerning young ones being exposed to gambling at an early age.
Overall, self-preference is what we should follow. There are lots of advantages and disadvantages to both fiat and crypto sportsbooks. Choose if what we think we are comfortable using as in the first place, we are paying in return for convenience.
You are right. Just because most here are in crypto, they didn't truly understand some of the advantages of the fiat sportsbook. Privacy is all that matters but when they got scammed, they will report in the law not knowing crypto gambling sites are not under any jurisdiction of any country.
I'm also a crypto-gambling lover but not saying it's better compared to fiat gambling. I always do crypto-gambling but we should open our eyes and not be biased.
There are some fiat based gambling sites that provide much better odds than any other cryptocurrency based books but the advantage of cryptocurrency based book is that you have the freedom to withdraw at a much lower transaction fees while fiat based i need to spend some transaction fees while sending them to my bank account and it will be linked to my bank account that the funds came from gambling sites which i do not want everyone to see. Solely for that purpose i like gambling with cryptocurrency because of the privacy it gives me. I'm also a crypto-gambling lover but not saying it's better compared to fiat gambling. I always do crypto-gambling but we should open our eyes and not be biased.
Yeah, but some issues still can happen. And compare to fiat, if bad issue happens you can't go to court or law makers. Because crypto gambling platforms are beyond any jurisdictions. With fiat is much more simple, so, as fact - more safe. Be safe )))
You are right. Just because most here are in crypto, they didn't truly understand some of the advantages of the fiat sportsbook. Privacy is all that matters but when they got scammed, they will report in the law not knowing crypto gambling sites are not under any jurisdiction of any country.
I'm also a crypto-gambling lover but not saying it's better compared to fiat gambling. I always do crypto-gambling but we should open our eyes and not be biased.
That's correct, we still have the options to use crypto or either fiat, this will just depend on our choices.
Yeah, just choose whatever we like, available, and also a possibility. Some people may still prefer to use fiat both for online and offline gambling, and some prefer to choose crypto moreover for online gambling. That is why everyone may have their own choices. For online betting then we could still make use of our credit/debit cards which it isnt really that hassle but since we dont really like on getting traced on what we are doing online then it would be much preferable on using crypto to avoid those problems.
You can too, but unfortunately, sometimes there are those who are not available using both. Or there is a ban in a particular country. So is sometimes the use of fiat is more limited. Depends on the gambling platform and also the origin of the country too. Well yeah, more options, more choices that we can consider wisely for the best pick. Some can't avoid using fiat because for example if they are using their credit/debit card, so in this case, their identity is already submitted to the casino. But if you will deposit in crypto to the site, and only use casinos not requiring KYC, then, of course, it is more favorable on your part because you don't have to worry about your info getting submitted. In this case, the gambler has the choice where to go when he gambles. The casino will lay out their ToS but in the end, it is up to the gambler if he will play on that casino or not.
That's correct, we still have the options to use crypto or either fiat, this will just depend on our choices.
Yeah, just choose whatever we like, available, and also a possibility. Some people may still prefer to use fiat both for online and offline gambling, and some prefer to choose crypto moreover for online gambling. That is why everyone may have their own choices. For online betting then we could still make use of our credit/debit cards which it isnt really that hassle but since we dont really like on getting traced on what we are doing online then it would be much preferable on using crypto to avoid those problems.
You can too, but unfortunately, sometimes there are those who are not available using both. Or there is a ban in a particular country. So is sometimes the use of fiat is more limited. Depends on the gambling platform and also the origin of the country too. Well yeah, more options, more choices that we can consider wisely for the best pick. You could actually make differences even you do just close your eyes because you could actually spot out the differences of a centralized and a decentralize
one which it isnt really hard to tell on which is more better.
I didn't mean that I cannot see the difference, but I can't say which is better, because sometimes, everybody has a different opinion. And both have its good and also bad sides. one which it isnt really hard to tell on which is more better.
But for me, I prefer to choose crypto for gambling with at least some of the reasons I stated above.
Because of pandemic, I can't use fiat money anymore so switch to cryptocurrency based casinos because its more convenient now and I can easily use my crypto earnings to gamble which is more ok to me. Just choose what's best for you, and what's ore convenient for you gambling is fun.
There are people who do really mind much about privacy and thats why when crypto had existed then it did really boost up that kind of support not only on this gambling matter but also in other transactions as well.
Its good that we do have at least some have choices depending on our preference.
You could actually make differences even you do just close your eyes because you could actually spot out the differences of a centralized and a decentralize
one which it isnt really hard to tell on which is more better.
I didn't mean that I cannot see the difference, but I can't say which is better, because sometimes, everybody has a different opinion. And both have its good and also bad sides. one which it isnt really hard to tell on which is more better.
But for me, I prefer to choose crypto for gambling with at least some of the reasons I stated above.
Because of pandemic, I can't use fiat money anymore so switch to cryptocurrency based casinos because its more convenient now and I can easily use my crypto earnings to gamble which is more ok to me. Just choose what's best for you, and what's ore convenient for you gambling is fun.
What advantage does the crypto betting has over Fait betting?
The only advantage is the true essence of crypto: It's borderless and can't be controlled. So you can bet from anywhere without being afraid to lost your money.
But it has some disadvantages too, of course: with crypto betting is much more easier for books to block you and steal your money.
tradeoffs
we always have to remember that there are risks when sending crypto to wallets you don't control the keys (like any online casino)
but you can probably trust the most famous ones and the ones who are advertising here on bitcointalk for years now.
Yeah, but some issues still can happen. And compare to fiat, if bad issue happens you can't go to court or law makers. Because crypto gambling platforms are beyond any jurisdictions. With fiat is much more simple, so, as fact - more safe. Be safe )))
You could actually make differences even you do just close your eyes because you could actually spot out the differences of a centralized and a decentralize
one which it isnt really hard to tell on which is more better.
I didn't mean that I cannot see the difference, but I can't say which is better, because sometimes, everybody has a different opinion. And both have its good and also bad sides. one which it isnt really hard to tell on which is more better.
But for me, I prefer to choose crypto for gambling with at least some of the reasons I stated above.
I cannot say which is better.
But for me, crypto better is my first option, and this is much better. Except for privacy, it is also about availability.
Betting or gambling is illegal in my country. But I can actually find so many gambling with fiat, but of course, they are doing this by avoiding police
This is simply why crypto betting is more suitable to do.
Although there are also some online websites that also provide fiat currencies to the bet, I will prefer to choose crypto betting.
Easiness, privacy, fast, and we can also find them on reputable gambling platforms, with lower fees also.
You could actually make differences even you do just close your eyes because you could actually spot out the differences of a centralized and a decentralizeBut for me, crypto better is my first option, and this is much better. Except for privacy, it is also about availability.
Betting or gambling is illegal in my country. But I can actually find so many gambling with fiat, but of course, they are doing this by avoiding police
This is simply why crypto betting is more suitable to do.
Although there are also some online websites that also provide fiat currencies to the bet, I will prefer to choose crypto betting.
Easiness, privacy, fast, and we can also find them on reputable gambling platforms, with lower fees also.
one which it isnt really hard to tell on which is more better.
There are really just people whom do really love still on dealing with fiat which is less hassle but yeah its centralized yet you are using banks
on doing gambling.
Unlike in crypto which is really in total opposite direction.
Also, it's is decentralized meaning there's no government authority or a middle man who monitors every move you make with your own money/asset. So in this space, you get to control your own money and every transactions you do without worrying about the tax and it's also secure and private because your identity isn't attached.
This is not exactly correct, after all we must remember the blockchain is public and anyone can look at very single transaction that was ever made, so I am sure governments are keeping track of everything that is happening on the blockchain, however the advantage of bitcoin comes from the fact you can open a wallet without the need to go through KYC or to wait in line as you would need to do so in a bank, something important during the times of the pandemic.However even with that monitoring taking place I still think bitcoin is way superior to what you can get with the fiat system and it has created a perfect combination with the gambling industry, which is why it has grown significantly even during the pandemic.
I cannot say which is better.
But for me, crypto better is my first option, and this is much better. Except for privacy, it is also about availability.
Betting or gambling is illegal in my country. But I can actually find so many gambling with fiat, but of course, they are doing this by avoiding police
This is simply why crypto betting is more suitable to do.
Although there are also some online websites that also provide fiat currencies to the bet, I will prefer to choose crypto betting.
Easiness, privacy, fast, and we can also find them on reputable gambling platforms, with lower fees also.
But for me, crypto better is my first option, and this is much better. Except for privacy, it is also about availability.
Betting or gambling is illegal in my country. But I can actually find so many gambling with fiat, but of course, they are doing this by avoiding police
This is simply why crypto betting is more suitable to do.
Although there are also some online websites that also provide fiat currencies to the bet, I will prefer to choose crypto betting.
Easiness, privacy, fast, and we can also find them on reputable gambling platforms, with lower fees also.
Betting has historically been a well known use of bitcoin and crypto in general. There is something about the first people that adopted crypto in the early stages that hints to an interest for taking risks and betting. Apart from that, betting is a way of laundering money and, again, there is no point in denying that some crypto users really want that type of thing.
For me, as for many other crypto-enthusiasts, the main advantage of using cryptocurrencies in betting and other areas is the ability to remain anonymous when making payments. Besides, I don't need to go somewhere to play slots or poker. I do not need to make payments from my bank card, which allows bank officials to know more about me than they should.
Well actually i prefer both kinds of gambling/betting. Initially i started with fiat betting only and for 2-3 years i done only that . then when i got introduced to bitcoin i started betting with that, the only problem i faced in bitcoin when bitcoin started to fall at that time it started to divert my mind and that sometimes result in loss as well because i tried to cover that as well.
Im a fiat gambler wayback on which using up my credit card which it cant really be denied that transaction is a breeze but of course everything you had done is tracked speciall on how you do spend up your money and of course you're been monitored by your bankplus having more interest rates out of your credit and when crypto had pop out in the market and seeing anonymity and easy access
then it cant really be denied that experience was the best.
Well actually i prefer both kinds of gambling/betting. Initially i started with fiat betting only and for 2-3 years i done only that . then when i got introduced to bitcoin i started betting with that, the only problem i faced in bitcoin when bitcoin started to fall at that time it started to divert my mind and that sometimes result in loss as well because i tried to cover that as well.
<...>
Just some common sense for you to do on making out deposits into platforms or sites which is more reputable or known but it isn't bad to test out new sites either but you do know the risk is high which
its is understandable that you would or should stick out on reputable ones to make yourself get involved with less risk but speaking with betting or gambling activity itself then risk would really be just
the same or odds on making profits.Crypto and Fiat betting does have difference with just simply basing with centralized and being decentralized.
Just some common sense for you to do on making out deposits into platforms or sites which is more reputable or known but it isn't bad to test out new sites either but you do know the risk is high which
its is understandable that you would or should stick out on reputable ones to make yourself get involved with less risk but speaking with betting or gambling activity itself then risk would really be just
the same or odds on making profits.Crypto and Fiat betting does have difference with just simply basing with centralized and being decentralized.
oh, you're right!
no problem on testing new websites, in these cases it's good to keep in mind that they can be more risky so coud be a good idea to deposit just a fraction of the total amount you'd deposit on other websites.
for sure
Jump to: