Fiat-betting to crypto+betting - page 2.

Lanatsa

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Quote from: Lucasgabd on November 02, 2021, 12:23:25 PM

Quote from: johhnyUA on October 29, 2021, 12:51:48 PM

Quote from: Bushdark on October 25, 2021, 12:25:42 PM

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.

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.

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Quote from: johhnyUA on October 29, 2021, 12:51:48 PM

Quote from: Bushdark on October 25, 2021, 12:25:42 PM

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.

Finestream

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Quote from: Bushdark on October 25, 2021, 12:25:42 PM

What advantage does the crypto betting has over Fait betting?

There's so many advantages of why people prefer to bet using crypto rather than fiat and because it is already in a form of a digital currency, that makes it perfect and it is already converted in every currency throughout the world and people can now easily place their bets fast in a secure line. You just have to know where are the proper sites to gamble without getting scammed.

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.

South Park

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Quote from: Lucasgabd on October 26, 2021, 04:47:55 PM

Quote from: LUCKMCFLY on October 26, 2021, 12:25:10 AM

The truth is, I believe that betting with crypto is much better because there are many ways to be anonymous, currently the platforms are demanding a lot of KYC, which can be equated with the requirements of FIAT money, which always require being registered and having certain identification, currently it is a prerequisite for some platforms. When we make bets with crypto it is simpler, they can be made at any time of the day and the ease is that it can be done in any cryptocurrency that the platform accepts, this guarantees the low fee required.

KYC vs no-KYC will always be like a cat and rat game
even if gonverments enforce casinos to ask for KYC they could move to different countries where there aren't laws like that

KYC can hurt more than help too because it incentive people to fake documents and create an incentive for black markets to be stronger on stolen documents
idk

Governments around the world are power hungry, they want more and more power but it comes to a point in which people realize that their everyday lives are many times harder than usual just because the governments cannot stop interfering with them, most people that gamble are not interested in laundering money or anything like that, they just want to enjoy the games and yet we need to endure being treated as criminals when the only thing we wanted was to get some fun, so it is no wonder why casinos that respect the privacy of their users are so popular now.

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Quote from: Zilon on October 31, 2021, 02:49:46 PM

Quote from: maju69 on October 31, 2021, 11:39:19 AM

Quote from: Oshosondy on October 31, 2021, 02:20:14 AM

There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

Use only trusted exchanges and it already provides a sense of security from the unexpected to avoid scammers. Indeed research is important, but for someone who already believes in Bitcoin there is no need to go too deep. Just need to visit a secure exchange.

Perhaps most crypto bets such as using casino-provided altcoins are more likely to have low shipping costs. For beginners who really want to try betting crypto, it won't be too much of a burden.

More people are getting awareness on Bitcoin and crypto currency and many scammers are taking advantage of the age to create fake exchange links and most new users might not know much on how to choose a legit exchange for themselves. My primary advice is seeking help from trusted people on how to get the right addresses for legitimate exchanges

Cryptocurrency gambling is just the surest and easiest gambling options available now that just cross across boarders so having a legit exchange gives one an edge ready for the crypto gambling industry

this is the reason why there are so many phishing websites that are luring naive users and even offering too good to be true promises. so before you sign up, make sure the site is the official one, you can practically search it via web, if there is/are existing complaints or issues.
in terms of crypto gambling, if you are already here in the forum, better play on known reputable casinos with existing thread here. because they can easily help you if they have account in the forum. but if you are playing on a casino which can't be found here, that would be hard for other users to assist you.

Zilon

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Quote from: maju69 on October 31, 2021, 11:39:19 AM

Quote from: Oshosondy on October 31, 2021, 02:20:14 AM

There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

Use only trusted exchanges and it already provides a sense of security from the unexpected to avoid scammers. Indeed research is important, but for someone who already believes in Bitcoin there is no need to go too deep. Just need to visit a secure exchange.

Perhaps most crypto bets such as using casino-provided altcoins are more likely to have low shipping costs. For beginners who really want to try betting crypto, it won't be too much of a burden.

More people are getting awareness on Bitcoin and crypto currency and many scammers are taking advantage of the age to create fake exchange links and most new users might not know much on how to choose a legit exchange for themselves. My primary advice is seeking help from trusted people on how to get the right addresses for legitimate exchanges

Cryptocurrency gambling is just the surest and easiest gambling options available now that just cross across boarders so having a legit exchange gives one an edge ready for the crypto gambling industry

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Quote from: qwertyup23 on October 31, 2021, 01:06:18 PM

Quote from: Oshosondy on October 31, 2021, 02:20:14 AM

Quote from: Woodie on October 31, 2021, 01:49:36 AM

Purchasing bitcoin at market value is not as easy as it sounds for first time buyers for starters and secondly you need to do your homework of finding the best crypto betting platform to avoid jumping in the deep end which has so many requirements before you start playing.

There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

Oops be careful with that kind of mindset. You are right that adoption is indeed higher but this also gives the opportunity for scammers to conceal themselves and cause it appear that they legit/genuine, but which is not. Remember that the more BTC adoption goes recognized, the more reason for scammers to take advantage of such situation.

Proper research is always the key in order to avoid any scams in dealing with an exchange. Remember also that prevention is always better than cure- that is why always read reviews and feedbacks in order to strengthen the security.

Proper research lets the user stay cautious from scammers. Important thing that needs to be focused is the buying option. Different gambling platforms support buying of cryptocurrencies through third party services. This will make the platform trusted as well as lets you get the cryptocurrency with ease than using different sources for buying.

qwertyup23

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Quote from: Oshosondy on October 31, 2021, 02:20:14 AM

Quote from: Woodie on October 31, 2021, 01:49:36 AM

Purchasing bitcoin at market value is not as easy as it sounds for first time buyers for starters and secondly you need to do your homework of finding the best crypto betting platform to avoid jumping in the deep end which has so many requirements before you start playing.

There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

Oops be careful with that kind of mindset. You are right that adoption is indeed higher but this also gives the opportunity for scammers to conceal themselves and cause it appear that they legit/genuine, but which is not. Remember that the more BTC adoption goes recognized, the more reason for scammers to take advantage of such situation.

Proper research is always the key in order to avoid any scams in dealing with an exchange. Remember also that prevention is always better than cure- that is why always read reviews and feedbacks in order to strengthen the security.

maju69

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Quote from: Oshosondy on October 31, 2021, 02:20:14 AM

There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

Use only trusted exchanges and it already provides a sense of security from the unexpected to avoid scammers. Indeed research is important, but for someone who already believes in Bitcoin there is no need to go too deep. Just need to visit a secure exchange.

Perhaps most crypto bets such as using casino-provided altcoins are more likely to have low shipping costs. For beginners who really want to try betting crypto, it won't be too much of a burden.

Oshosondy

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Quote from: Woodie on October 31, 2021, 01:49:36 AM

Purchasing bitcoin at market value is not as easy as it sounds for first time buyers for starters and secondly you need to do your homework of finding the best crypto betting platform to avoid jumping in the deep end which has so many requirements before you start playing.

There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

Quote from: Woodie on October 31, 2021, 01:49:36 AM

Gone are the days people were subjected to all these fiat ways betting, but technology came to the rescue and the rest is history! Bitcoin up up and away.....

TK wouldn't say gone are the days of fiat but there are truly alternatives now which are cryptocurrencies, but the majority of people still make use of fiat for betting, crypto betting sites are just still on the rise.

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Quote from: Bushdark on October 25, 2021, 12:25:42 PM

Fiat betting was once the order of the day making online betting difficult to play mostly for international gamblers that have no access to international money transfer services like money gramme, PayPal, Wester Union and so many more. Online gambling was mostly difficult then but now.

The days of moneybookers, neteller and many others was a different era indeed but for someone using bitcoin for the first time will go through any e currency procedure of KYC which can be a headache for some but with familiarity the process becomes super easy.

Quote from: Bushdark on October 25, 2021, 12:25:42 PM

The regime of Bitcoin has made online transactions easier for everyone.

Purchasing bitcoin at market value is not as easy as it sounds for first time buyers for starters and secondly you need to do your homework of finding the best crypto betting platform to avoid jumping in the deep end which has so many requirements before you start playing.

Quote from: Bushdark on October 25, 2021, 12:25:42 PM

Gone are those days where you will have to queue in a betting shop to play bets(sport bet mostly)
Gone are those days where online betting is limited.
Gone are those days where there are few betting sites available for bet enthusiasts.
Gone are those days when gambling is for the rich.
Gone are those days where international sport betting transactions are stressful.
Gone are those days when people are afriad to buy Bitcoin.

Now we have some many altcoins that can be use to play bets online. We are gradually walking into the blockchain era. God bless Satoshi Nakamoto.

What advantage does the crypto betting has over Fait betting?

Gone are the days people were subjected to all these fiat ways betting, but technology came to the rescue and the rest is history! Bitcoin up up and away.....

Gosgosking

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Cryptocurrency betting have made betting so easy for users, betting can be done at any point of time one don't have to travel from one point to the other to take bet. Betting can be done with any of the digital currency without stress and after betting withdrawal can take place at any point. According to OP all class of individual can go into betting not as before where betting was meant for a particular class of people.

STT

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Quote from: Slow death on October 25, 2021, 05:04:18 PM

when a person bets 0.001 BTC and the bitcoin exchange is at $30,000, then the person wins a bet and have 0.002 BTC and after a few months the price rises to $60,000 the person manages to make a profit with a bet and still profit with bitcoin increase, this in my opinion Is fantastic

Never bet it all at once, even if you lose you could be ahead in that scenario.

The main advantage of crypto to me is segregation from your FIAT money which must be kept for bills. Not many people are required to pay a bill in crypto, you merely have to be sensible to start off in your allocated funds and you will benefit overall from drawing a line in the sand for what can be bet on games or not.

Reid

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The first is security. Lastly, is you can manage your own funds.
Leave it in the hands of the bank and you will be looking for money that vanishes without a single trace. Report it and they won't even check it, they will just say they do but nothing was really done until it take years and you will just let it go.
While in crypto, you know where your funds will go, you also have the receipt which is your transaction hash. The ease of playing at home is also the perk of an online gambling with cryptocurrencies as an option for payment.

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Quote from: palle11 on October 30, 2021, 04:38:45 PM

Quote from: Bushdark on October 25, 2021, 12:25:42 PM

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What advantage does the crypto betting has over Fait betting?

You have made some list and about the advantage I believe that fiat being a digital enabled currency, it takes away third party relation unlike fiat where money is paid to the gambling agent. It also reduces the likely denying of ticket money paid because it is there in blockchain for all to see and this is a major advantage of cryptocreency. Casinos are usual places that most likely have arguments so cryptocurrency is a transparent system that requires no argument by agent of casino because the blockchain exposes all transactions.

They do have some advantages to each other which we cant really deny on not to mention it out and its noticeable but if we do try to picture or determine on which one gives out the best or much better in terms of anonymity and accessibility then hands down to crypto betting where you could really get out these kind of features and benefits
but of course when it comes to security of funds or something which can be traced then fiat would be they key and this is why crypto gambling market did really boom
out just because of this main factors but somehow there are still people who do prefer on using fiat instead of crypto but well it serves out different market.

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Quote from: Bushdark on October 25, 2021, 12:25:42 PM

.
What advantage does the crypto betting has over Fait betting?

You have made some list and about the advantage I believe that fiat being a digital enabled currency, it takes away third party relation unlike fiat where money is paid to the gambling agent. It also reduces the likely denying of ticket money paid because it is there in blockchain for all to see and this is a major advantage of cryptocreency. Casinos are usual places that most likely have arguments so cryptocurrency is a transparent system that requires no argument by agent of casino because the blockchain exposes all transactions.

qwertyup23

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Quote from: Bushdark on October 25, 2021, 12:25:42 PM

What advantage does the crypto betting has over Fait betting?

First of all, it's all about the convenience it provides. Cryptocurrency betting has the advantage of convenience in terms of depositing or withdrawing as most websites offer such. Unlike in fiat, there are security risks that may happen (e.g. providing credit card details, personal information, etc.) whenever you try to withdraw funds. In addition, some gambling websites offer additional bonuses to accounts who deposit cryptocurrencies.

But in all honesty, even with the advantage of cryptocurrency betting, I would still choose to gamble fiat than cryptocurrencies since the latter is just too much valuable for long-term HODLing.

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Quote from: dothebeats on October 30, 2021, 02:01:13 AM

From where I'm at, fiat betting is still a thing, though of course these are done on closed doors and are almost secret to everyone not unless you're one of the regulars, or you know someone from the said betting circle. They are still being patronized by many, and are a regular go-to for people around here when they want to bet on something. Give it time before they figure out that online betting with crypto is far better than the ones that they have right now. Then again, it's really hard to deviate from decades-old bookies around here that already cemented its legacy as a household name when it comes to sports betting.

Where I live, crypto betting is still not popular because crypto users don't dominate. The other reason for the dominance of fiat betting is that it is friendly to all circles, because for them crypto betting is still not fully known and does not know how to use crypto as a whole. For example, in the area where I live, it's fairly small that no more than 10-15 people bet using crypto. The rest they still use fiat.

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Quote from: dothebeats on October 30, 2021, 02:01:13 AM

From where I'm at, fiat betting is still a thing, though of course these are done on closed doors and are almost secret to everyone not unless you're one of the regulars, or you know someone from the said betting circle. They are still being patronized by many, and are a regular go-to for people around here when they want to bet on something. Give it time before they figure out that online betting with crypto is far better than the ones that they have right now. Then again, it's really hard to deviate from decades-old bookies around here that already cemented its legacy as a household name when it comes to sports betting.

For me and in my country, the situation is complete different. As we are not having almost zero opportunity to bet with fiats (lotteries are available at some part of my country and in my state it is again fully banned), crypto gambling is the only option for all of us and I guess most of my friends got into gambling only after adapting cryptocurrencies especially bitcoins.

I guess my government will continue their neutral stand against crypto and crypto related gambling as bypassing government restriction will be easier and possible for anyone hence I guess government has left it to gambler's personal responsibility.

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Quote from: mardaed on October 30, 2021, 08:17:07 AM

Quote from: Beparanf on October 30, 2021, 05:53:17 AM

Quote from: timerland on October 29, 2021, 06:59:01 PM

I literally don't see a way that crypto gambling isn't the way forward.

The fact of the matter is that fiat sportsbooks have gained a reputation of being slow and having notorious KYC procedures that bar you from betting efficiently.

Crypto betting solves all of this and is much more user friendly.

Of course this assumption is based on the country that you are pertaining. Many country are too strict on online gambling especially on crypto casino since it is not regulated at all or there license is very limited. In my country, If you are caught that your money is came from an online casino, Your account will freeze as well as your funds since you are neglecting AML policy. Crypto is very convenient but there's also a limitations I when it comes to legality.

That is right. In some countries, like in the Philippines, there are online wallets that are very strict and thorough when it comes to checking the sources of the funds that comes in and out of the users’ accounts. And just what was stated, they will then freeze the account. Crypto may be convenient and more ideal, but in real life practice with consideration of rules and legalities, it is not feasible for all.

But still, people who use crypto like to use crypto gambling than use fiat because they can play gambling with convenience without thinking much about the regulations from their country. They will know where they can gamble and what site they can use so they do not have to worry about being frozen or blocking their account. Using crypto, they can send their coins to other wallets that they can control and send them into the exchanges or convert them into their fiat.

Topic: Fiat-betting to crypto+betting - page 2. (Read 866 times)