After I learned Bitcoin, I started playing gambling. So I used this currency to play comfortably compared to Fiat money. I don't care what's going on with the Bitcoin price at least it's still worth. It's easier to use Bitcoin because making a deposit doesn't require a personal identity. As we know we have to provide a full name and bank account to deposit on gambling sites using fiat money. The most important thing for me is to remain anonymous
Topic: Gambling with Fiat or Crypto? (Read 3124 times)
-snip- Altcoins are much more flexible to gamble with than Bitcoin itself, as they're cheaper and faster to use. -snip-
Yes, altcoins should be better to use for gambling purposes. They have cheap transfer costs and can be transferred faster. It should be very helpful for every gambler because they can instantly get capitals to play gambling and can play at any time. -snip- A huge advantage of crypto towards Fiat is that it can be used without the need for ID verification. -snip-
Yeah, it is true. Crypto provides more privacy with anonymity concept. So, the gamblers probably feel more comfortable by hiding their identities. With the easiness of the internet connection, people tend to play gambling in their homes or in any place they like. They feel that they are free to choose the casino, and they don't have to go to the real casino. They found that they can play gambling without any restriction, and with crypto, they don't have to fill KYC like what they did in the real casino.
There is still a restriction and a lot of people doesn't like about it. There are still KYC in other sites, it may be fiat or crypto currency. In terms of not having KYC, online gambling have a limit of deposit and withdraw which is sometimes so annoying, then the fees that is so high sometimes. For me, it is better to gamble with fiat offline though that doesn't have anonimity like cryptos do.
I doubt that there is a casino without a limit. For example, a site wikl not let you withdraw a certain amount since there are rules for them for a minimum withdraw. If we will be talking about online and offline gamblinf, I prefer offline but it will be bad for me to be seen gambling since I am a teacher so I prefer gambling with cryptos since I have no choice. That is why I talk about the limitations.
With the easiness of the internet connection, people tend to play gambling in their homes or in any place they like. They feel that they are free to choose the casino, and they don't have to go to the real casino. They found that they can play gambling without any restriction, and with crypto, they don't have to fill KYC like what they did in the real casino.
There is still a restriction and a lot of people doesn't like about it. There are still KYC in other sites, it may be fiat or crypto currency. In terms of not having KYC, online gambling have a limit of deposit and withdraw which is sometimes so annoying, then the fees that is so high sometimes. For me, it is better to gamble with fiat offline though that doesn't have anonimity like cryptos do.
With the easiness of the internet connection, people tend to play gambling in their homes or in any place they like. They feel that they are free to choose the casino, and they don't have to go to the real casino. They found that they can play gambling without any restriction, and with crypto, they don't have to fill KYC like what they did in the real casino.
There is still a restriction and a lot of people doesn't like about it. There are still KYC in other sites, it may be fiat or crypto currency. In terms of not having KYC, online gambling have a limit of deposit and withdraw which is sometimes so annoying, then the fees that is so high sometimes. For me, it is better to gamble with fiat offline though that doesn't have anonimity like cryptos do.
Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.
I haven't feel that, I have used a lot of crypto gambling sites until now and I have never receive a message from them asking to comply with the KYC requirement, I think this vary from country to country.
it should be this way.
FIAT casinos collection information for KYC while crypto casinos does not. it's hard to mix both in one single casino as there's a chance in the long run that they will be strictly requiring information as they are already registered by the government.
if I have to choose, I want pure anonymity like directbet in the past.
why hid your self ? are you shy or what ? gambling is not a crime or illegal as long as its allowed on your country so its okay to use fiat if you think fiat is accesible and easier for you . people use crypto for gambling , like me but it does not mean that i hate fiat and i dont use it for gambling . infact i still use my fiat for offline gambling here on our city . i never tried fiat for online tho because i dont have a credit card or a debit card , my paypal wasnt also funded before .
Maybe you can show yourself in gambling, but I prefer to stay hiding from other people. I prefer to play gambling without anyone knows although gambling is allowed in my country. Besides that, I never go to the real casino, but I gamble on the gambling website in my room. That is why I don't use fiat to gamble, but I use crypto to gamble, and until now, I never try to play online gambling using fiat because that means, I need to deposit from my bank account.
With the easiness of the internet connection, people tend to play gambling in their homes or in any place they like. They feel that they are free to choose the casino, and they don't have to go to the real casino. They found that they can play gambling without any restriction, and with crypto, they don't have to fill KYC like what they did in the real casino.
Even now many are made easier in casino gambling so that players also enjoy playing it, gamblers will choose the easy one to gamble what they want, casino will become a favorite because with ease in crypto and do not have to do any KYC.
If the gambling site is easy to understand and not too difficult then it will be fun.
I prefer to gambling using cryptocurrency because it is more accessible and less hassle especially on crypto online gambling website because it is more easy all you just need to do is to deposit your money in the gambling website and start playing or gambling. Gambling with fiat is more hassle and fiat online gambling is very rare nowadays so people are getting hard on it because gambler prefer to play and gamble on a very easy way to access like crypto online gambling or online crypto casino and that's why I almost prefer to gambling using cryptocurrency.
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why hid your self ? are you shy or what ? gambling is not a crime or illegal as long as its allowed on your country so its okay to use fiat if you think fiat is accesible and easier for you . people use crypto for gambling , like me but it does not mean that i hate fiat and i dont use it for gambling . infact i still use my fiat for offline gambling here on our city . i never tried fiat for online tho because i dont have a credit card or a debit card , my paypal wasnt also funded before .
Maybe you can show yourself in gambling, but I prefer to stay hiding from other people. I prefer to play gambling without anyone knows although gambling is allowed in my country. Besides that, I never go to the real casino, but I gamble on the gambling website in my room. That is why I don't use fiat to gamble, but I use crypto to gamble, and until now, I never try to play online gambling using fiat because that means, I need to deposit from my bank account.
With the easiness of the internet connection, people tend to play gambling in their homes or in any place they like. They feel that they are free to choose the casino, and they don't have to go to the real casino. They found that they can play gambling without any restriction, and with crypto, they don't have to fill KYC like what they did in the real casino.
Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.
I haven't feel that, I have used a lot of crypto gambling sites until now and I have never receive a message from them asking to comply with the KYC requirement, I think this vary from country to country.
it should be this way.
FIAT casinos collection information for KYC while crypto casinos does not. it's hard to mix both in one single casino as there's a chance in the long run that they will be strictly requiring information as they are already registered by the government.
if I have to choose, I want pure anonymity like directbet in the past.
I prefer playing gambling using fiat and playing real gambling with friends and I play card gambling which I think is more interesting.
and I once tried playing online gambling using crypto and gambling that I played dice gambling, and at that time I always lost which made me not do it anymore and in my opinion dice gambling only relied on luck which in the end would lose too.
so I prefer to play gambling using fiat rather than crypto because I don't want to be addicted and in the end my coins run out in vain.
and I once tried playing online gambling using crypto and gambling that I played dice gambling, and at that time I always lost which made me not do it anymore and in my opinion dice gambling only relied on luck which in the end would lose too.
so I prefer to play gambling using fiat rather than crypto because I don't want to be addicted and in the end my coins run out in vain.
why hid your self ? are you shy or what ? gambling is not a crime or illegal as long as its allowed on your country so its okay to use fiat if you think fiat is accesible and easier for you . people use crypto for gambling , like me but it does not mean that i hate fiat and i dont use it for gambling . infact i still use my fiat for offline gambling here on our city . i never tried fiat for online tho because i dont have a credit card or a debit card , my paypal wasnt also funded before .
Maybe you can show yourself in gambling, but I prefer to stay hiding from other people. I prefer to play gambling without anyone knows although gambling is allowed in my country. Besides that, I never go to the real casino, but I gamble on the gambling website in my room. That is why I don't use fiat to gamble, but I use crypto to gamble, and until now, I never try to play online gambling using fiat because that means, I need to deposit from my bank account.
I actually prefer altcoins these days, for two reasons. Firstly altcoins are easier to gamble and cheaper as well, when you gamble with 2 dogecoins you are not risking too much money and its much more fun, you have to bet with like 100 satoshi if you want to not risk too much bitcoins and that doesn't feel that comfortable, however I can gamble with many 100 litoshi and I could be gambling basically nothing at all and still have fun, so the price plays a big point in picking alts over btc.
Secondly I have too much useless and worthless coins right now, finding out there is a place I can gamble with that money gives them a purpose, I mostly lose all of them which is fine because I saw them as useless anyway but sometimes I win and just exchange it to bitcoin and withdraw.
Secondly I have too much useless and worthless coins right now, finding out there is a place I can gamble with that money gives them a purpose, I mostly lose all of them which is fine because I saw them as useless anyway but sometimes I win and just exchange it to bitcoin and withdraw.
Altcoins are much more flexible to gamble with than Bitcoin itself, as they're cheaper and faster to use. Not many online gambling sites accept a wide variety of cryptocurrencies. But those that do have a great advantage over Bitcoin-only casinos. Even though crypto has become extremely popular in the mainstream world, Fiat is still the dominant currency for casinos and online gambling sites alike. After all, Fiat is much more stable in price than crypto itself. It's hoped that an increase in the scalability of underlying blockchain networks would increase adoption of crypto within online gambling sites. Otherwise, the high transaction load would cause fees to rise making crypto impractical for micro betting and more.
A huge advantage of crypto towards Fiat is that it can be used without the need for ID verification. There are many online gambling sites out there (like the one under my sig) which don't require the gambler to verify his/her identity. This provides convenience above all else, as crypto can be used online as you would use physical cash in the real world. Anonymity proves to be wonders in the online gambling industry thanks to the inception of crypto and Blockchain technology. Better yet, decentralized gambling sites have no middleman or central operator in charge of the bankroll. This gives a greater level of fairness and trust from everyday gamblers than traditional casinos and gambling sites which only accept Fiat.
Nonetheless, it's hoped that the number of crypto gambling sites would increase over time. As long as decentralized solutions are being worked on (mostly in the form of smart contracts), most people will prefer to use crypto for gambling than Fiat itself. In the end, everything will depend on the specific person's preferences over one currency or another. You can't avoid Fiat casinos from operating within the mainstream world, the same way you can't do so with crypto. Neither ends will replace one another, which is good for diversity in the gambling industry. Just my thoughts
Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.
I haven't feel that, I have used a lot of crypto gambling sites until now and I have never receive a message from them asking to comply with the KYC requirement, I think this vary from country to country.
it should be this way.
FIAT casinos collection information for KYC while crypto casinos does not. it's hard to mix both in one single casino as there's a chance in the long run that they will be strictly requiring information as they are already registered by the government.
if I have to choose, I want pure anonymity like directbet in the past.
Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.
I haven't feel that, I have used a lot of crypto gambling sites until now and I have never receive a message from them asking to comply with the KYC requirement, I think this vary from country to country.
it should be this way.
FIAT casinos collection information for KYC while crypto casinos does not. it's hard to mix both in one single casino as there's a chance in the long run that they will be strictly requiring information as they are already registered by the government.
if I have to choose, I want pure anonymity like directbet in the past.
Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.
I haven't feel that, I have used a lot of crypto gambling sites until now and I have never receive a message from them asking to comply with the KYC requirement, I think this vary from country to country.
When I knew Bitcoin, I started playing gambling. So I used this currency to play comfortably compared to Fiat money. I don't care what's going on with the Bitcoin price at least it's still worth. It's easier to use Bitcoin because making a deposit doesn't require a personal identity. As we know we have to provide a full name and bank account to deposit on gambling sites using fiat money. The most important thing for me is to remain anonymous.
You only gamble using bitcoin and not for fiat, because at the beginning you have said if you start gambling after knowing bitcoin and that proves you are not gambling using fiat even though it is in real life. This is the reason why someone chooses to gamble using crypto or bitcoin because one definite thing is about profits with the aim of collecting more bitcoin apart from the main purpose of being anonymous.
When I knew Bitcoin, I started playing gambling. So I used this currency to play comfortably compared to Fiat money. I don't care what's going on with the Bitcoin price at least it's still worth. It's easier to use Bitcoin because making a deposit doesn't require a personal identity. As we know we have to provide a full name and bank account to deposit on gambling sites using fiat money. The most important thing for me is to remain anonymous.
In real life, I have never visited a casino, and I don't worry about it. I never visit betting offices to bet on results in sports, but I usually prefer to do so online. In fact, using crypto currency for ease of use is more appealing to me, and I don't like using cash for gambling. While it is easier to control yourself when using cash, using cash in gambling is not a very good thing for me, nor is it very logical and easy to do because of country regulations. That's why I prefer to use gambling with crypto money.
Most of the online crypto gambling sites are now being forced to collect user information and make users go through KYC due to regulation.
I haven't feel that, I have used a lot of crypto gambling sites until now and I have never receive a message from them asking to comply with the KYC requirement, I think this vary from country to country.
I think the traffic will divert to those sites which still does not require KYC and if most sites start with KYC then people would either quit or sites where still no KYC is required all will move to that and that site will make lot of money as well . No user is sure how their KYC could be misused so for safety they avoid such sites .
KYC safety depends on many factors
but totally agree with you
in general users would prefer no KYC website than one with KYC.
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