Gambling with Fiat or Crypto? - page 3.

huige007

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Quote from: ethereumhunter on January 14, 2020, 10:08:52 AM

Quote from: Questat on January 13, 2020, 08:34:12 AM

Quote from: ethereumhunter on January 13, 2020, 07:45:09 AM

Quote from: ralle14 on January 12, 2020, 07:48:44 PM

Quote from: ethereumhunter on January 10, 2020, 09:55:11 AM

Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

No, I cannot hide from the government because they will be suspicious of my bank account, and they will investigate me, and ask me where the money comes. That could be true that the exchanges will apply verification to avoid the illegal use of the money, and they want to help the government to prevent the bad thing that can come later. At that time, we can get trouble if we don't follow their rules, and that will make us cannot withdraw the money.

Then just give the government the right cut if they ask through "taxes"..we can always hide with our government if we are smart but most people can't so they easily get caught and if they don't have the knowledge to hide, they should just comply with the rules to avoid problem in the future.

let's just enjoy while there are still exchanges that don't require KYC.

If we used crypto, we could hide our money from the government. We can hold the money in the crypto form, and we don't convert that coins, or if we want to convert the coin, we can use the exchanges as the store of the money. Or we can use a wallet which supports to store the stable coins.

Yes, we can use the exchanges that don't require KYC so we can hide our money from the government Grin

Gambling must be done using the cryptocurrency because this is the best way of making your actions anonymous. In this way even if a person is involved in some kind of illegal activity then that is not notified to the legal authorities. Crypto currency has no static identity and is not controlled by the government so it is easy to be used as compared to the fiat.

ethereumhunter

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Quote from: Questat on January 13, 2020, 08:34:12 AM

Quote from: ethereumhunter on January 13, 2020, 07:45:09 AM

Quote from: ralle14 on January 12, 2020, 07:48:44 PM

Quote from: ethereumhunter on January 10, 2020, 09:55:11 AM

Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

No, I cannot hide from the government because they will be suspicious of my bank account, and they will investigate me, and ask me where the money comes. That could be true that the exchanges will apply verification to avoid the illegal use of the money, and they want to help the government to prevent the bad thing that can come later. At that time, we can get trouble if we don't follow their rules, and that will make us cannot withdraw the money.

Then just give the government the right cut if they ask through "taxes"..we can always hide with our government if we are smart but most people can't so they easily get caught and if they don't have the knowledge to hide, they should just comply with the rules to avoid problem in the future.

let's just enjoy while there are still exchanges that don't require KYC.

If we used crypto, we could hide our money from the government. We can hold the money in the crypto form, and we don't convert that coins, or if we want to convert the coin, we can use the exchanges as the store of the money. Or we can use a wallet which supports to store the stable coins.

Yes, we can use the exchanges that don't require KYC so we can hide our money from the government Grin

akmal1984

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Quote from: LogitechMouse on January 14, 2020, 08:22:57 AM

I have tried them both already and I will share my experience with them.

Gambling in fiat is more hassle than gambling in crypto. I'm not saying that I'm gambling in casinos but in our town, every year there are some group of people who are building a place where people are gambling there and we call it "peryahan". There people are using fiat money to gamble. It is fun but at the same time, more hassle for me. To be honest, I don't end up there winning because or greediness. Cheesy

Gambling in crypto is less hassle for some reasons. If you have a computer in your home, internet connection and the most important thing that you need, crypto Cheesy

then you are good to go already. You don't need to go outside and gamble because you can gamble already even you are in your home. Less hassle for me.

It makes sense indeed what you say. Now people prefer to do things instantly. If you can do it from the room why bother to go out with all the greater risks. Maybe for the future people will be increasingly crowded who make bets using crypto.although the attraction of playing at the casino directly also always attracts visitors. However, with crypto the gambling process becomes easier

LogitechMouse

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I have tried them both already and I will share my experience with them.

Gambling in fiat is more hassle than gambling in crypto. I'm not saying that I'm gambling in casinos but in our town, every year there are some group of people who are building a place where people are gambling there and we call it "peryahan". There people are using fiat money to gamble. It is fun but at the same time, more hassle for me. To be honest, I don't end up there winning because or greediness. Cheesy

Gambling in crypto is less hassle for some reasons. If you have a computer in your home, internet connection and the most important thing that you need, crypto Cheesy

then you are good to go already. You don't need to go outside and gamble because you can gamble already even you are in your home. Less hassle for me.

orange_marmalade

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I'm not familiar with the minimum amount of betting in fiat, but I know a crypto gambling platform where you can invest and play with the most minimum amount you can. i think this one lottoshi.io Grin

just check.. haven't really deep dive into it

joshy23

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Quote from: btc78 on January 13, 2020, 04:06:12 AM

Quote from: ?? on ??

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

and that is why we are in cryptocurrency because we want respect in our privacy things that banks cannot offer so many of us turns into crypto gambling than fiat.

i can feel you because we have the same reason why we are enjoying the Crypto than regular money to spend in gambling online.

Yes that's the first thing who attracts new bitcoin gamblers realizing that it's easy to send funds without any problem to provide your information
as you can just send your funds and play all the way. Enjoy your stay and not to worry that your true identity is needed.

Questat

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Quote from: ethereumhunter on January 13, 2020, 07:45:09 AM

Quote from: ralle14 on January 12, 2020, 07:48:44 PM

Quote from: ethereumhunter on January 10, 2020, 09:55:11 AM

Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

No, I cannot hide from the government because they will be suspicious of my bank account, and they will investigate me, and ask me where the money comes. That could be true that the exchanges will apply verification to avoid the illegal use of the money, and they want to help the government to prevent the bad thing that can come later. At that time, we can get trouble if we don't follow their rules, and that will make us cannot withdraw the money.

Then just give the government the right cut if they ask through "taxes"..we can always hide with our government if we are smart but most people can't so they easily get caught and if they don't have the knowledge to hide, they should just comply with the rules to avoid problem in the future.

let's just enjoy while there are still exchanges that don't require KYC.

shoreno

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Quote from: btc78 on January 13, 2020, 04:06:12 AM

Quote from: ?? on ??

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

and that is why we are in cryptocurrency because we want respect in our privacy things that banks cannot offer so many of us turns into crypto gambling than fiat.

i can feel you because we have the same reason why we are enjoying the Crypto than regular money to spend in gambling online.

for me i also enjoy using crypto but it does not come to my mind that i use crypto more than fiat because of the identity or privacy issues but because crypto is what i have . i work online and they pay me crypto so why should i use fiat money when i already have a crypto ? besides i didnt have a fiat money at most times because i am a person that has alotof debts and alot of daily and monthly expenses to pay . when i see a casino or a kind of gambling offline i think i can play using fiat but only with small amounts compare to what i can spend using a crypto online .

ethereumhunter

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Quote from: ralle14 on January 12, 2020, 07:48:44 PM

Quote from: ethereumhunter on January 10, 2020, 09:55:11 AM

Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

No, I cannot hide from the government because they will be suspicious of my bank account, and they will investigate me, and ask me where the money comes. That could be true that the exchanges will apply verification to avoid the illegal use of the money, and they want to help the government to prevent the bad thing that can come later. At that time, we can get trouble if we don't follow their rules, and that will make us cannot withdraw the money.

btc78

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Quote from: ?? on ??

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

and that is why we are in cryptocurrency because we want respect in our privacy things that banks cannot offer so many of us turns into crypto gambling than fiat.

i can feel you because we have the same reason why we are enjoying the Crypto than regular money to spend in gambling online.

Visbay

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Quote from: supercanada1 on January 10, 2020, 01:52:09 PM

Quote from: Webetcoins on January 10, 2020, 07:02:41 AM

Quote from: bitcoin31 on January 09, 2020, 06:41:31 AM

Quote from: ?? on ??

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.

So that the player of here wants to use crypto coins instead of fiat because literally crypto is easy to use need only some step and you can play a gambling games anonymous . But mostly in the real world ppeople use fiat because it is tradition when also the gambling games is not using technology or the only play a gambling games traditional but both is useful.

Majority of the gamblers are using both types of currencies i.e. fiat and digital currencies depending upon the nature of the game and most probably upon the nature of the house. If the house is land casino, there are maximum chances they would demand from you paper money not even the plastic money would be acceptable. Online gambling aligns well with cryptocurrencies as they are easy to handle.

This has become a trend nowadays that people prefer to use bitcoins for gambling. Actually it is dependent upon the state you belong to .Some areas have relatively flexible legal systems and the people their do use paper money for exchange of money in gambling .But need of being anonymous is still a demand when you gamble. Hence using the cryptocurrencies is a solution to this problem.

Yeah, you really need to remain careful while gambling if the casino has a fiat gambling system they prefer gambling with fiat as it’s easy to exchange resources and if you want to use online gambling then you can move towards crypto. Anonymity is also needed for gambling for security as it’s good to stay anonymous in gambling online casino so the choice is all yours either you like crypto or fiat.

panjul07

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Quote from: ralle14 on January 12, 2020, 07:48:44 PM

Quote from: ethereumhunter on January 10, 2020, 09:55:11 AM

Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

It wont be a big problem IMO related to cashing out big win. If I'm in the position or big winning and worry about such thing then I'll just split it into many withdrawal. Send it to exchange lets say once a week or a month.
Or perhaps asks some trusted friends/family to use their bank accounts to cash out the big winning.

Fundamentals Of

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Quote from: ekans45 on January 12, 2020, 11:36:37 PM

Quote from: ralle14 on January 12, 2020, 07:48:44 PM

Quote from: ethereumhunter on January 10, 2020, 09:55:11 AM

Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

You can hide it through money laundering such as using mixers for your transaction become untracable since mixer's solution is to transfer such balance in a way that no one would know where it transfer that certain amounts. On the other hand, government are graduly tracking them down but it's still it's currently one of the best solution for you to hide your transactions online.

Or you can simply sell your coins through P2P transactions. It is not that hard to avoid the banks nowadays because there already millions of people into crypto. Or if you can spend and make use of cryptocurrencies without converting them into fiat, that would be better. You don't have to undergo all kinds of intrusive processes by the government and the banks.

ekans45

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Quote from: ralle14 on January 12, 2020, 07:48:44 PM

Quote from: ethereumhunter on January 10, 2020, 09:55:11 AM

Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

You can hide it through money laundering such as using mixers for your transaction become untracable since mixer's solution is to transfer such balance in a way that no one would know where it transfer that certain amounts. On the other hand, government are graduly tracking them down but it's still it's currently one of the best solution for you to hide your transactions online.

ralle14

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Quote from: ethereumhunter on January 10, 2020, 09:55:11 AM

Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

Kimi80

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I also prefer to gamble with crypto. I am trying to stay away from different fiat deposits, because of I do not like to stay the number of my card or wallet here and there. From the other side gambling with crypto gives more freedom: for example, when you participate in a gambling signature campaign, in the most of cases they send the payment on your balance on their gambling site, so i may skip deposit thing. But in that case you gample on the site of the signature campaign you receive payment from. But I like to switch from the site to site, so its OK for me.

supercanada1

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Quote from: Webetcoins on January 10, 2020, 07:02:41 AM

Quote from: bitcoin31 on January 09, 2020, 06:41:31 AM

Quote from: ?? on ??

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.

So that the player of here wants to use crypto coins instead of fiat because literally crypto is easy to use need only some step and you can play a gambling games anonymous . But mostly in the real world ppeople use fiat because it is tradition when also the gambling games is not using technology or the only play a gambling games traditional but both is useful.

Majority of the gamblers are using both types of currencies i.e. fiat and digital currencies depending upon the nature of the game and most probably upon the nature of the house. If the house is land casino, there are maximum chances they would demand from you paper money not even the plastic money would be acceptable. Online gambling aligns well with cryptocurrencies as they are easy to handle.

This has become a trend nowadays that people prefer to use bitcoins for gambling. Actually it is dependent upon the state you belong to .Some areas have relatively flexible legal systems and the people their do use paper money for exchange of money in gambling .But need of being anonymous is still a demand when you gamble. Hence using the cryptocurrencies is a solution to this problem.

ethereumhunter

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Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.

Webetcoins

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Quote from: bitcoin31 on January 09, 2020, 06:41:31 AM

Quote from: ?? on ??

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.

So that the player of here wants to use crypto coins instead of fiat because literally crypto is easy to use need only some step and you can play a gambling games anonymous . But mostly in the real world ppeople use fiat because it is tradition when also the gambling games is not using technology or the only play a gambling games traditional but both is useful.

Majority of the gamblers are using both types of currencies i.e. fiat and digital currencies depending upon the nature of the game and most probably upon the nature of the house. If the house is land casino, there are maximum chances they would demand from you paper money not even the plastic money would be acceptable. Online gambling aligns well with cryptocurrencies as they are easy to handle.

Janation

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Quote from: nasipadang on January 06, 2020, 04:53:34 AM

I prefer to use cryptocurrency for betting, my favorite site is sportsbet and I almost always use online sites. especially with guaranteed anonymity if we use cryptocurrency. the obvious reason is that I prefer not to use money from my job and choose to use crypto, the cryptocurrency that I earn where is a small part I use for gambling.

That is true though.

Though I want to use my fiat for gambling, there are a lot of times that online wallets does not want to transact money to some gambling sites. That is the reason I am using cryptocurrencies since I have no choice.

Topic: Gambling with Fiat or Crypto? - page 3. (Read 3102 times)