Topic: Gambling with Fiat or Crypto? - page 10. (Read 3124 times)
It depends to the person what they think is the best to use in gambling is either crypto or fiat but for me what ever we used as long as we win in our playing that is good . But for sure after we play gambling using crypto once we win for sure we will convert to fiat. But for me I wsnt to play gambling by using cryptocurrency because Im big fan of cryptocurrency and it's look like we use chips and then after we play we convert into our fiat which is the money. Im not suprised if most players choose crypto because obviously we are are in crypto community.
You really dont want to use your bank account to send money for casinos specially if your country has prohibited gambling. If you local laws are good with it then do it at your own risk. Often Income Tax officials snoop on whales and attempt to extort money from them to keep their record clean.
Yep, although my local laws are good, I don't want to send money for casinos, but maybe I can use my friend's bank account to send that money to the gambling place. I heard that in some countries, the Income Tax officials snoop on whales, and they ask for the security money to the whales so they can be saved for doing anything they want.
Of course crypto is much more safer than using fiat. The reason why crypto based gambling is popular is just this. Bitcoin is censorship resistant somewhat anonymous currency to use and still remain to some extent non-traceable with your spending.
The answer to OP's question is obviously crypto but fiat casinos exist just for the sake of the ambience.
The answer to OP's question is obviously crypto but fiat casinos exist just for the sake of the ambience.
In a country that gambling is prohibited, the casino will exist in secret and only people who invited or knows with the old gamblers that will come to that casino. They don't invite people who they don't know because they don't want their government to know about what they did in those places.
for security reasons I chose crypto, I have a friend who deals with the police because it can be tracked from their bank, something that worries me. On the crypto gambling platform there is also a dividend project, so I can temporarily lock in for better profits, and it's also good to minimize my desire to do wd.
Be careful if you use your bank account to send the money for gamble because the banks can do anything to our account and they can freeze our account in anytime.
You really dont want to use your bank account to send money for casinos specially if your country has prohibited gambling. If you local laws are good with it then do it at your own risk. Often Income Tax officials snoop on whales and attempt to extort money from them to keep their record clean.Quote
You should avoid that way if you want to gamble and you can choose to gamble using crypto. I am sure that you will get another experience in gambling and you will be like to stay in the crypto gambling games 
Of course crypto is much more safer than using fiat. The reason why crypto based gambling is popular is just this. Bitcoin is censorship resistant somewhat anonymous currency to use and still remain to some extent non-traceable with your spending.The answer to OP's question is obviously crypto but fiat casinos exist just for the sake of the ambience.
If you are betting from my country then you need to choose crypto over Fiat. In actuality, gambling is not permitted in our country. But gov doe not used to regulate the online gambling websites, especially a websites where we can play with crypto.
Kind of same thing here along with restrictions on even fiat gambling but the thing is everything is verbal and not really any one follows the rules, the government knows very well that gambling is something which can't be just stopped by making it illegal lmao. Gambling is deeply connected to life itself only.
If you are betting from my country then you need to choose crypto over Fiat. In actuality, gambling is not permitted in our country. But gov doe not used to regulate the online gambling websites, especially a websites where we can play with crypto.
Kind of same thing here along with restrictions on even fiat gambling but the thing is everything is verbal and not really any one follows the rules, the government knows very well that gambling is something which can't be just stopped by making it illegal lmao. Gambling is deeply connected to life itself only.
We gambling there are 2 online and real tradional. I often play gambling online and that's what I often do, but in gambling, I prefer to use crypto than fiat because crypto is easier to withdrawal and deposit, but fiat in my area is difficult when depositing. so there I prefer crypto even though the price is often fluctuating for me it doesn't matter that gambling is my pleasure.
Playing gambling at the table is not my pleasure because I always lose whether what happens to myself when playing real gambling always loses only a few wins. hmm
In my area, we can send/deposit some money through their bank account, and they give credit to our account so we can start to gamble. I don't want to use that way since I need to spend that money. Besides that, I think my banks will be suspicious if I do that because they prohibit their members from sending any money for unknown transactions, and they will investigate both accounts.
Be careful if you use your bank account to send the money for gamble because the banks can do anything to our account and they can freeze our account in anytime. You should avoid that way if you want to gamble and you can choose to gamble using crypto. I am sure that you will get another experience in gambling and you will be like to stay in the crypto gambling games
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Lol, you repeat again that fiat is real money. Or you probably mean physical fiat... physical =real?
Guess you don't gamble online with your local virtual fiat currency or you don't really gamble on local gambling sites. I kind of understand your point though.
Hahaha, I hope now I make it right
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---For us who earn crypto in online or in this forum to be specific, we might not value our crypto that much compared to the fiat that we earned through our day job as what we are earning here can be considered as extra income or maybe appropriate to call it as reward and with that reward its just right to enjoy it and gambling is one of them.
Personally I feel what michellee has stated, I am less worried to loss my crypto compared to the depositing fiat to a gambling site.
Thank you for explaining what I mean.
We gambling there are 2 online and real tradional. I often play gambling online and that's what I often do, but in gambling, I prefer to use crypto than fiat because crypto is easier to withdrawal and deposit, but fiat in my area is difficult when depositing. so there I prefer crypto even though the price is often fluctuating for me it doesn't matter that gambling is my pleasure.
Playing gambling at the table is not my pleasure because I always lose whether what happens to myself when playing real gambling always loses only a few wins. hmm
In my area, we can send/deposit some money through their bank account, and they give credit to our account so we can start to gamble. I don't want to use that way since I need to spend that money. Besides that, I think my banks will be suspicious if I do that because they prohibit their members from sending any money for unknown transactions, and they will investigate both accounts.
Sometimes there I have a little trouble not being able to send money or deposit to a gambling account because the bank is always suspicious of what I'm doing and I've also been frozen my ATM in a few weeks because of unknown transactions.
I prefer to buy crypto first from someone and then I can deposit via crypto safely and quickly there I can gamble after what I want right.
So gambling in crypto is a favorite
We gambling there are 2 online and real tradional. I often play gambling online and that's what I often do, but in gambling, I prefer to use crypto than fiat because crypto is easier to withdrawal and deposit, but fiat in my area is difficult when depositing. so there I prefer crypto even though the price is often fluctuating for me it doesn't matter that gambling is my pleasure.
Playing gambling at the table is not my pleasure because I always lose whether what happens to myself when playing real gambling always loses only a few wins. hmm
In my area, we can send/deposit some money through their bank account, and they give credit to our account so we can start to gamble. I don't want to use that way since I need to spend that money. Besides that, I think my banks will be suspicious if I do that because they prohibit their members from sending any money for unknown transactions, and they will investigate both accounts.
Sometimes there I have a little trouble not being able to send money or deposit to a gambling account because the bank is always suspicious of what I'm doing and I've also been frozen my ATM in a few weeks because of unknown transactions.
I prefer to buy crypto first from someone and then I can deposit via crypto safely and quickly there I can gamble after what I want right.
So gambling in crypto is a favorite
Please name a view because lately, I see that FIAT is better to gamble with because cryptocurrencies have very high volatility.
During deeps, I rather like to play with FIAT than cheap, underpriced crypto.
When BTC is on ATH then I like to spend it of course but when is under 10K per BTC I rather choose FIAT. When we add KYC/AML really I don't see any advantages left for crypto casinos.
During deeps, I rather like to play with FIAT than cheap, underpriced crypto.
When BTC is on ATH then I like to spend it of course but when is under 10K per BTC I rather choose FIAT. When we add KYC/AML really I don't see any advantages left for crypto casinos.
The only benefit Fiat has in relation to crypto is the stable prices. Other than that, crypto wins by a long shot. With crypto, you'll be able to gamble at online gambling sites in a completely (almost) anonymous way. Of course, this applies mostly to decentralized gambling sites which rely on the blockchain instead of a central operator. Most centralized gambling sites that accept crypto have started requiring ID verification from its players. This totally defeats the purpose of crypto which was meant to be free from middleman or other third parties. That's why you'll be able to obtain the most benefits in a decentralized gambling site with the power of crypto.
Other benefits of crypto includes micropayments (not possible with Fiat since it's not highly divisible), cheaper fees, and faster transaction processing times. When you gamble with crypto, you can deposit/withdraw almost instantly (depending on the cryptocurrency). You can also place bets smaller than $0.01 with crypto than doing so with Fiat. The advantages are numerous except for the fact that crypto prices are volatile. If it wasn't for that, many casinos and online gambling sites would've adopted crypto massively by now.
Nonetheless, people will always have a choice whenever they'd want to gamble with Fiat or crypto. But we cannot deny the fact, that most casinos rely on Fiat than crypto just because the former is much more stable in price than the latter. Just my opinion
If you are betting from my country then you need to choose crypto over Fiat. In actuality, gambling is not permitted in our country. But gov doe not used to regulate the online gambling websites, especially a websites where we can play with crypto.
I depend on the situation, if I do online gambling I use crypto which in my opinion is simpler and easier when betting online gambling.
and if I do traditional or real gambling I use fiat to bet, and I usually play card gambling with fiat bets on the table.
and if I do traditional or real gambling I use fiat to bet, and I usually play card gambling with fiat bets on the table.
Maybe the reason for that is because, if you are in a casino, you wouldn't really took off your phone to scan and bet your funds right? To play in a legit casino, you need chips, you need tangible object to bet because that is one part of what casino is providing their gamblers, which is the excitement in winning and exchanging the chips they have to money.
Time will come that crypto will cover 50% of online gaming transaction.
It will. Even the smallest gambler in different parts of the world will prefer to gamble with crypto because it only requires a very minimal amount of money for you to start.that is one of the most stupid way to gamble ,borrowing money from others because gambling is more losing than winning so using others money will only lead to too much losses.gamble with your spare money to keep safer and prevent addiction.
This happens in reality and those gamblers that are actually doing it needs to be examined by an expert, a psychologist or of the same. Haha...I wouldn't single out any of them because the end of the day it is money we're talking about. And don't forget Cryptos can be bought to in s much as Fiat has a quality of being difficult to get. If it's your money then it's your money That's how i see it. Coz using $100 worth of BTC for betting wouldn't be any different from using same $100 in Fiat.
I think you need to look again on what's the difference between gambling with $100 worth of bitcoin to gambling with $100 plain fiat. The facility and convenience is what will dictate you the difference. 
Haha...I wouldn't single out any of them because the end of the day it is money we're talking about. And don't forget Cryptos can be bought to in s much as Fiat has a quality of being difficult to get. If it's your money then it's your money That's how i see it. Coz using $100 worth of BTC for betting wouldn't be any different from using same $100 in Fiat.
Whether fiat or cryptocurrency, both are money and none is bigger than the other when trying to earn it or get.
Moreover, you don't have to gamble with $100 before you gamble. One can gamble with as little as 10 dollars and still earn some money. It's all about the strategies you use.
If we would like to be in gambling and spend money, please see to it it won't comprise any, not from lending institutions nor a borrowed money from your friends cause we know already the possible result and I don't want to see people been in regrets just because of this.
The bigger the amount you've spends in gambling, the more you'd think to win also but it wasn't just easy, and the risk of loss will also be bad.
If we would like to be in gambling and spend money, please see to it it won't comprise any, not from lending institutions nor a borrowed money from your friends cause we know already the possible result and I don't want to see people been in regrets just because of this.
To borrow is normal but for gambling purposes I don't agree with that also.
if you follow the simple principle of gambling which is " do not risk what you can afford to lose" borrowing money should not happen.
Haha...I wouldn't single out any of them because the end of the day it is money we're talking about. And don't forget Cryptos can be bought to in s much as Fiat has a quality of being difficult to get. If it's your money then it's your money That's how i see it. Coz using $100 worth of BTC for betting wouldn't be any different from using same $100 in Fiat.
Whether fiat or cryptocurrency, both are money and none is bigger than the other when trying to earn it or get.
Moreover, you don't have to gamble with $100 before you gamble. One can gamble with as little as 10 dollars and still earn some money. It's all about the strategies you use.
If we would like to be in gambling and spend money, please see to it it won't comprise any, not from lending institutions nor a borrowed money from your friends cause we know already the possible result and I don't want to see people been in regrets just because of this.
Haha...I wouldn't single out any of them because the end of the day it is money we're talking about. And don't forget Cryptos can be bought to in s much as Fiat has a quality of being difficult to get. If it's your money then it's your money That's how i see it. Coz using $100 worth of BTC for betting wouldn't be any different from using same $100 in Fiat.
Whether fiat or cryptocurrency, both are money and none is bigger than the other when trying to earn it or get.
Moreover, you don't have to gamble with $100 before you gamble. One can gamble with as little as 10 dollars and still earn some money. It's all about the strategies you use.
Time will come that crypto will cover 50% of online gaming transaction.
The question is, how long we need to wait to see crypto cover 50% of gambling transactions?
It would be nice if there are some researches about the comparison between fiat gamblers vs crypto gamblers especially about its number and progress annually.
If there are some researches about it then we can get an easier prediction on when crypto will cover 50% in this gambling industry.
I myself still doubt that old fiat gamblers will move to crypto as they have been using fiat for long time already.
Ah, I make a mistake by writing that. Thank you for reminding me. I edit my post
Yes, fiat and crypto is money, but when I play gambling with crypto, I don't risk my real money, but I send some coin to the gambling website so I can directly play gambling. I mean I prefer to play gambling with crypto than fiat because if I use fiat to gamble, I need to use my money from my pockets.
Yes, you are right. Sometimes I used that way, but sometimes, I used some money from my trading profit to buy a coin and send it in to a gambling site. For me, that will be a solution for not using money from my pocket or money from my bank account so that I can save that money for another thing. But I don't always use the money from Bitvest or trading or another source because if the market is getting worst, I will stop gamble because I need to search for more profit.
Time will come that crypto will cover 50% of online gaming transaction.
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