Fiat-betting to crypto+betting - page 4.

Oshosondy

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

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.

That is true, gambling was not that accessible to many people before unlike now, but not only because of this has been many improvement, also because of technology, phones where for the riches before, data were also for the rich before, but now everything is getting accessible with cheap prices.

Quote from: adzino on October 27, 2021, 03:13:53 PM

What advantage does the crypto betting has over Fait betting?

1. Most of the crypto casino will require you to go through some sort of KYC. So you no longer remain "private".
2. Such as? Fiat casinos have better gambling options in my opinion. But Crypto casinos are catching up.
4. How is crypto better any different than fiat betting? It's all the same. Just different mode of payment.

I have used three crypto casinos and betting site generally now, none require kyc
I have used crypto betting sites and I like their services very much, they are really coming up.
The different mode of payment makes crypto gambling sites easy to transfer money to making it more accessible.

rhomelmabini

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Quote from: RILWAN on October 28, 2021, 11:37:10 PM

The coming of blockchain eradicated so many problems in our daily lives and most especially in transactions processes, blockchain-based online gambling brought in many advantages with it.
Crypto solved the problem of middlemen in the transaction and also online gambling became the only option during the pandemic where social distance became paramount to our gaming life.

It has seen a huge leap when the pandemic hits worldwide, it maximize the potential on how we can use the blockchain and moreover it's more convenient to play considering some blockchain based gambling aren't that strict especially on KYC. These middlemen are just on the way when in fact we can play on our own, it's like they suck money from players and yet it's a hassle to have them.

Rruchi man

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I attach real value to my crypto portfolio, it is difficult for me to imagine myself betting with it. If fiat and crypto betting are options against each other, i'll rather and most probably choose the traditional fiat betting where value is fixed, that is for example, say i choose to gamble with $20 fiat currency, the value remains fixed unlike me choosing to stake 0.0004 of say BTC in gamble, we all know that the value is not fixed, and sometimes it may now become a case of me gambling with an amount i didn't bargain for.

virasog

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Quote from: worldofcoins on October 28, 2021, 07:45:20 AM

Do crypto casino owners that are unregulated or unregistered even pay tax cuts to any government? I doubt that.

No, they don't pay taxes when they are not even regulated. Most of them are operating illegally and governments don't even
know about them.

Quote from: RILWAN on October 28, 2021, 11:37:10 PM

The coming of blockchain eradicated so many problems in our daily lives and most especially in transactions processes, blockchain-based online gambling brought in many advantages with it.
Crypto solved the problem of middlemen in the transaction and also online gambling became the only option during the pandemic where social distance became paramount to our gaming life.

Yes, with crypto gambling the role of the middle man (broker) is very limited and now you can place bets directly on the matches.
However, with fiat betting, you cannot place any bet unless you have contact with broker. This saves cost as well as the time.

RILWAN

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The coming of blockchain eradicated so many problems in our daily lives and most especially in transactions processes, blockchain-based online gambling brought in many advantages with it.
Crypto solved the problem of middlemen in the transaction and also online gambling became the only option during the pandemic where social distance became paramount to our gaming life.

harizen

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Quote from: passwordnow on October 28, 2021, 06:48:59 PM

I agree, in many fiat bookies, you'll be required to comply but with crypto casinos, not all of them will force you to do as long as there's no suspicious activity on your account and they don't really ask for it.

KYC is mandated on fiat sportsbooks because those bookies are registered and licensed companies. In case of fraud, users are somehow protected and investigation might result in success because of transaction tracking.

In crypto, it's definitely a great advantage that we don't need to comply with KYC but unfortunately, there's a chance that most crypto gambling sites will now require it as centralization in crypto is now slowly taking place. For now, let's take advantage that we are not in that stage yet. But in case it's now happening, it should be expected.

passwordnow

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Quote from: alegotardo on October 27, 2021, 09:14:21 PM

In my point of view, the main advantage was the variety of options that emerged.
Today it is possible to place bets from anywhere in bookmakers that are also anywhere in the world.
Of course, the crypto bets we have today may not be as secure as they once were, as they lack many regulations, but with so many good options out there, it is possible to greatly limit the risks.

This is true although before cryptocurrencies emerged, the online fiat bookies were already in existence and everyone can do with just a few clicks or taps away just like what you're saying. But today, it's easier because of the quick adoption and variety of cryptocurrencies that we're free to choose from as long as it's supported by the bookie where we're playing at.

Quote from: alegotardo on October 27, 2021, 09:14:21 PM

Privacy is also another important factor that came up with crypto betting.

I agree, in many fiat bookies, you'll be required to comply but with crypto casinos, not all of them will force you to do as long as there's no suspicious activity on your account and they don't really ask for it.

2double0

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Quote from: Lucasgabd on October 28, 2021, 04:33:58 PM

You do have a lot of advantages, but not those that are on your list.

1. Most of the crypto casino will require you to go through some sort of KYC. So you no longer remain "private".

Which fiat casino lets you take out your money without kyc?
And for crypto casinos, they will let you play and take your money without kyc till some extent. Nobody can remain private on 'centralized exchanges' also if they want to sell their coins on that platform. Where goes the privacy then?

Quote

Fiat casinos have better gambling options in my opinion. But Crypto casinos are catching up.

If fiat casinos have better gambling options, I also know about some fiat casinos which started taking crypto as a form of deposit and withdrawal to allow more convenience to their customers.

Quote

3. More varied but most of them are almost identical.

I hope you are not referring to slots as they are all the same to me. Besides that, live betting also have look-alikes but we see fresh faces after visiting them though the game remains same everywhere.

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4. How is crypto better any different than fiat betting? It's all the same. Just different mode of payment.

Almost no difference, except the speed. If you do a wire transfer vs if you do a crypto deposit.

Quote

5. Makes no sense.

Why doesn't it make any sense? Crypto gives you the freedom to bet from anywhere while some fiat betting sites stop you from using them due to your country's regulations or your country being in their restricted list.

dunfida

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Quote from: Lucasgabd on October 28, 2021, 04:33:58 PM

Quote from: adzino on October 27, 2021, 03:13:53 PM

Quote from: fiulpro on October 25, 2021, 01:03:33 PM

~quarantine )
5. You can also bet internationally easier than betting with fiat hands down.
There are many more things as well, for me I prefer betting with cryptocurrencies since fiat doesn't come with much options.

You do have a lot of advantages, but not those that are on your list.
~~

of course 5 makes sense.
Depending on the country you live betting may be forbidden or some games may not be available
if you include varietis of betting (like elections, as an example) there's even more possibilities
One could be able to bet on the outcome of US elections even if they live in France, Japan or South Africa.

There might be some restrictions that could be seen on other countries but doesnt mean that the market isnt really open on almost everything.

Betting on other events on other countries which is indeed possible due to accessibility of those services/platforms which are providing for people
to be able to make out some bets which is the real beauty of things.

About choosing whether crypto or fiat then it will vary on your needs but you could really notice which one is really better
in terms of anonymity and easy access. Wink

Lucasgabd

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Quote from: adzino on October 27, 2021, 03:13:53 PM

Quote from: fiulpro on October 25, 2021, 01:03:33 PM

Crypto betting does provide a lot of advantages.
1. It's more private
2. It have more options
3. It's more varied and more games are available on the sites, more colourful as well.
4. The online betting is more successful while integrated with the crypto, online fiat betting is not that interesting for people ( very good for quarantine )
5. You can also bet internationally easier than betting with fiat hands down.
There are many more things as well, for me I prefer betting with cryptocurrencies since fiat doesn't come with much options.

You do have a lot of advantages, but not those that are on your list.

1. Most of the crypto casino will require you to go through some sort of KYC. So you no longer remain "private".
2. Such as? Fiat casinos have better gambling options in my opinion. But Crypto casinos are catching up.
3. More varied but most of them are almost identical.
4. How is crypto better any different than fiat betting? It's all the same. Just different mode of payment.
5. Makes no sense.

of course 5 makes sense.
Depending on the country you live betting may be forbidden or some games may not be available
if you include varietis of betting (like elections, as an example) there's even more possibilities
One could be able to bet on the outcome of US elections even if they live in France, Japan or South Africa.

iv4n

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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?

Well, my road is from live gambling (ground casinos, to not be confusing) to crypto gambling! Before crypto, I didn't try fiat online gambling! Simply I am from a third-world country, it wasn't simple and easy to deposit and withdraw, and I am really not sure how it goes now with foreign casinos, there are many online casinos from my country where we can deposit our own currency, but I didn't try them either... I am a full crypto gambler! My only experience with fiat casinos is 888 for a while year or two ago, and it was just to play poker... I tried some other games there, but I didn't like them very much!

With crypto I discovered the beauty of online gambling! Leveling up, getting bonuses and prizes, various promotions, wagering/multiplying wars... and all other stuff! For me, the main advantage was that I can play any game, easy registration, fast crypto deposits, and withdraws! I don't think about changing anything, I will stay crypto for sure!

worldofcoins

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Quote from: alegotardo on October 27, 2021, 09:14:21 PM

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

What advantage does the crypto betting has over Fait betting?

In my point of view, the main advantage was the variety of options that emerged.
Today it is possible to place bets from anywhere in bookmakers that are also anywhere in the world.
Of course, the crypto bets we have today may not be as secure as they once were, as they lack many regulations, but with so many good options out there, it is possible to greatly limit the risks.
Privacy is also another important factor that came up with crypto betting.

Yes, the price is the best thing with crypto betting.

Along with many other benefits including less house edge compared to the local casinos.
Do crypto casino owners that are unregulated or unregistered even pay tax cuts to any government? I doubt that.

alegotardo

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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?

In my point of view, the main advantage was the variety of options that emerged.
Today it is possible to place bets from anywhere in bookmakers that are also anywhere in the world.
Of course, the crypto bets we have today may not be as secure as they once were, as they lack many regulations, but with so many good options out there, it is possible to greatly limit the risks.
Privacy is also another important factor that came up with crypto betting.

michellee

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Quote from: tippytoes on October 27, 2021, 02:54:28 PM

Quote from: michellee on October 27, 2021, 09:03:41 AM

Quote from: darewaller on October 26, 2021, 05:03:49 PM

Quote from: fiulpro on October 25, 2021, 01:03:33 PM

1. It's more private

Honestly speaking, no it's not. Crypto betting is slowly moving to fiat gambling standards. More and more sportsbooks are now asking for KYC. That said, the casino part of crypto gambling is still very safe and respects privacy.

Indeed. The government seems to want to know who the player is and trying to ask KYC to the casino and maybe that is why the casino is trying to apply KYC to their members. But hopefully, there is still a crypto betting that does not require KYC to its members, especially if the crypto betting site is hosted in the country that allows gambling. So we have our options to select which crypto betting site we will use to gamble and always avoid playing in the crypto gambling site that requires KYC.

Actually, there are still a lot of known crypto sportsbooks in this forum that don't require KYC. However, if you are high roller, expect that the casino may possibly ask your KYC as per requirement of their gambling license. But other than this KYC stuff, crypto casinos have other advantages as you can play with other alts and let's say, you can play cheap. You can even bet in some casinos like 100 sats or its equivalent in other alts. So if you just want to enjoy the game and want to have fun bet, you can always do.

If you are a high roller in a Sportbook, I think you can select the recommended Sportbook with reputation, even if that Sportbook requires KYC, because you will have a big chance to make a lot of money from the match. Besides that, using that Sportbook will not give you a problem in the future as they are one of the Sportbook that have a good reputation so they will not disappoint their customer. Placing a bet in the Sportbook or regular casino that requires KYC or is free from KYC with a limitation will depend on how you feel comfortable sending your document. So maybe that will be back to yourself before you register on the gambling website.

goinmerry

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Quote from: Saint-loup on October 25, 2021, 06:01:32 PM

Quote from: goinmerry on October 25, 2021, 03:01:47 PM

Is it really necessary to discuss the advantages of crypto betting over fiat betting? For what? Encouragement?

Remember not all gamblers are crypto-oriented and simply just don't want to crypto. It will be biased if we will just push our own preferences to them. As long as gamblers are enjoying advantages at either fiat or crypto betting, that's what matters.

Choose what you preferred, simple as that.

I don't understand why you are actively promoting one of the biggest crypto casino and sportsbook, if you don't like crypto gambling and don't see how it's better than fiat one. This gambling platform is fully committed to crypto gambling and doesn't even offer to bet with stable coins, then members of its community are mostly crypto fans. Moreover fiat gambling operators don't need publicity they are already everywhere on internet and in real life.

What are you even saying? Did you understand the context of my post? Where did I mention that I don't like crypto gambling? Of course I will choose crypto gambling because like I said, choose what we preferred. And just because I'm promoting a sportsbook, it doesn't mean they will have control of our preference.

You can't control the preferences of others just because you are in crypto gambling over fiat gambling. You can't also say that just because in our eyes we see crypto gambling is better over fiat, that should be the same view on other people, especially on fiat gambling.

sunsilk

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Quote from: xSkylarx on October 26, 2021, 09:16:31 PM

Quote from: sunsilk on October 26, 2021, 06:43:53 PM

Quote from: Lanatsa on October 26, 2021, 05:59:29 PM

Majority of us do really hate up KYC that's why its just really that part of common sense on which one you would really be preferring into and there are lots of options out there for you to take.

Its just understandable that you would really be complying verifications when you do deal with fiat bookies and none for those who are
crypto platforms which majority is been preferring into.

Your choice which one you would really like to deal with.

We don't like us being asked for KYC.

But when the casino where we're staying does, we have no option but just to take on it and go on with what they're asking for. Dealing with it is the only choice especially if you have big funds being there.

It's liked being hostage as I've read from someone telling how it's like he's being asked for KYC before touching his own money.

Accept this, and what will happen is that those gamblers who are too lazy to do KYC will go to another website that does not require KYC. However, if they do have funds in that website, we are usually forced to perform KYC. I know they will keep it private with data privacy, but I don't have 100 percent trust in that. Still, we don't have anything to do but do the KYC or transfer to another website, but as a lazy gambler, I usually transfer to another website because there are so many now.

Yes, that how it goes.

If we don't like that we're asked for it, we'll just take our funds and withdraw it from here to there, to the another casino that don't asks it.

And when the new casino where we deposited starts to ask the same, then we'll just do the same thing. But if the casino where in we play asks that we do like them, we wouldn't mind complying.

bL4nkcode

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

We are gradually walking into the blockchain era. God bless Satoshi Nakamoto.

I would say it's because of digital transformation, though crypto/blockchain pull lots of advantages for betting/gambling. But these advantages have a lot of risks as well, e.g. your personal information.

Online/crypto betting have more risks regarding money transferring as well, one mistake is a huge mess, can't be refunded by any means, and unfollowing or do against TOS/T&C is equivalent to closing an account and etc. that's why reading T&C is a huge help before registering and following instructions is a must in any digital activities, else accept the consequences.

Oasisman

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Quote from: darewaller on October 26, 2021, 05:03:49 PM

Quote from: fiulpro on October 25, 2021, 01:03:33 PM

1. It's more private

Honestly speaking, no it's not. Crypto betting is slowly moving to fiat gambling standards. More and more sportsbooks are now asking for KYC. That said, the casino part of crypto gambling is still very safe and respects privacy.

Quote from: fiulpro on October 25, 2021, 01:03:33 PM

2. It have more options

Actually, crypto gambling sites are miles behind when it comes to fiat online casinos but yeah better than local sportsbook where you have to wait in queues and then go back to cash your winnings.

I believe crypto gambling was much better with no restrictions and KYC but the way it's going now, I can't say it's progressing too well.

Time would inevitably come that every crypto casino and exchanges would require KYC mandatorily.
So, I guess anonymity will no longer be an advantage in the next few years.
What I can personally see in an online crypto betting as an advantage is the comfortability of betting experience inside your room especially during this pandemic. Easy access and faster transaction.

I don't think there's an online casino that has no restrictions because it will be abused especially the reward system.
I only agree that online casino is better without the KYC.

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Quote from: fiulpro on October 25, 2021, 01:03:33 PM

Crypto betting does provide a lot of advantages.
1. It's more private
2. It have more options
3. It's more varied and more games are available on the sites, more colourful as well.
4. The online betting is more successful while integrated with the crypto, online fiat betting is not that interesting for people ( very good for quarantine )
5. You can also bet internationally easier than betting with fiat hands down.
There are many more things as well, for me I prefer betting with cryptocurrencies since fiat doesn't come with much options.

You do have a lot of advantages, but not those that are on your list.

1. Most of the crypto casino will require you to go through some sort of KYC. So you no longer remain "private".
2. Such as? Fiat casinos have better gambling options in my opinion. But Crypto casinos are catching up.
3. More varied but most of them are almost identical.
4. How is crypto better any different than fiat betting? It's all the same. Just different mode of payment.
5. Makes no sense.

tippytoes

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Quote from: michellee on October 27, 2021, 09:03:41 AM

Quote from: darewaller on October 26, 2021, 05:03:49 PM

Quote from: fiulpro on October 25, 2021, 01:03:33 PM

1. It's more private

Honestly speaking, no it's not. Crypto betting is slowly moving to fiat gambling standards. More and more sportsbooks are now asking for KYC. That said, the casino part of crypto gambling is still very safe and respects privacy.

Indeed. The government seems to want to know who the player is and trying to ask KYC to the casino and maybe that is why the casino is trying to apply KYC to their members. But hopefully, there is still a crypto betting that does not require KYC to its members, especially if the crypto betting site is hosted in the country that allows gambling. So we have our options to select which crypto betting site we will use to gamble and always avoid playing in the crypto gambling site that requires KYC.

Actually, there are still a lot of known crypto sportsbooks in this forum that don't require KYC. However, if you are high roller, expect that the casino may possibly ask your KYC as per requirement of their gambling license. But other than this KYC stuff, crypto casinos have other advantages as you can play with other alts and let's say, you can play cheap. You can even bet in some casinos like 100 sats or its equivalent in other alts. So if you just want to enjoy the game and want to have fun bet, you can always do.

Topic: Fiat-betting to crypto+betting - page 4. (Read 887 times)