Gambling with Fiat or Crypto? - page 4.

Ucy

sr. member

Activity: 2632

Merit: 403

Bisq is a Bitcoin Fiat Dex. Use responsibly

Quote from: shoreno on January 09, 2020, 06:53:48 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.

not all . others prefer fiat and they dont care about thier identity or other hassels because they grown up with fiat and they already got used to it but for starters on online gambling they just discover another great way to gamble using cryptocurrency .

idk if crypto were now available to use for offline casinos as i never heard of any but i hear that cryptos were now be able to use on other offline service like atm and shopping , etc .

Probably in Crypto-friendly countries. And their usage will most likely be regulated there.

I guess people don't care about the identity thing because they have no choice. I found handing my ID to strangers (before discovering crypto) a bit creepy. I believe many feel thesame way.

StephenJH

hero member

Activity: 1470

Merit: 521

No more Rekt and Bust

I also prefer to play with the fiat money instead of the altcoins. There are such advantages like anonymous gambling, higher bonuses but the odds are not as good as in the other bookies for the crypto sports betting. For example, William Hill and Bet365 have the best odds after Pinnacle but none of the crypto sports betting sites come close to the odds by a variety of live betting choices.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

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.

swogerino

legendary

Activity: 3136

Merit: 1233

Bitcoin Casino Est. 2013

I think that nowadays the only ones who play with Fiat are the ones who has these casinos and that type of money more easily accessible and the opposite with crypto holders.Crypto holders like to play with crypto because they have it readily to spend without having to bring any government Id in order to verify their accounts.We know there are more people gambling with Fiat only because they don’t know crypto or they have difficulty using crypto.

kotajikikox

full member

Activity: 2478

Merit: 215

★Bitvest.io★ Play Plinko or Invest!

Quote from: Questat on January 09, 2020, 07:12:50 AM

Quote from: shoreno on January 09, 2020, 06:53:48 AM

idk if crypto were now available to use for offline casinos as i never heard of any but i hear that cryptos were now be able to use on other offline service like atm and shopping , etc .

That ATM is very important for crypto users like us so we can easily convert our crypto to fiat.
I think those offline casinos who supports crypto can do that, they have a lot of options to make their gamblers produce money, then that would help the business.

the problem is do we really have existing offline casino now that supports Bitcoin?or other cryptocurrency?in my location i believe that still in progress and no one is offering this service though you are correct that if Gambling sites wanted to expand their business then better give this offering to the Bettors as other option whenever they have out of fiat.

Questat

hero member

Activity: 2982

Merit: 610

Quote from: shoreno on January 09, 2020, 06:53:48 AM

idk if crypto were now available to use for offline casinos as i never heard of any but i hear that cryptos were now be able to use on other offline service like atm and shopping , etc .

That ATM is very important for crypto users like us so we can easily convert our crypto to fiat.
I think those offline casinos who supports crypto can do that, they have a lot of options to make their gamblers produce money, then that would help the business.

shoreno

full member

Activity: 1750

Merit: 118

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.

not all . others prefer fiat and they dont care about thier identity or other hassels because they grown up with fiat and they already got used to it but for starters on online gambling they just discover another great way to gamble using cryptocurrency .

idk if crypto were now available to use for offline casinos as i never heard of any but i hear that cryptos were now be able to use on other offline service like atm and shopping , etc .

bitcoin31

hero member

Activity: 1834

Merit: 523

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.

MWesterweele

hero member

Activity: 1372

Merit: 564

Quote from: narcopop on January 08, 2020, 11:09:49 AM

I, personally, don't know what to prefer. Both ways have their visible and impregnable perks.

Crypto, as a currency, of course has its well known ups and downs which affect betting itself, promos, etc. Fiat, on the other hand, doesn't have this excitement over the money that we can earn.

Some might say that fiat bookies have more comfortable banking options but it's not an incontestable rule. It all depends on the teams responsible for the product, not the market itself. I used to bet on both and both are great in their own manner.

I dont think any con sin crypto when I use that as my betting asset, it is more food for me, since I can make it as directly my source of investment when I won the game, I can use different altcoins if I want, then save it there till the that coin pumps in the market. I dont experienced using fiat, because I only gambled in online now, but as soon as I become expert I will try to gamble in casinos and make fiat as my mode of payment there.

passwordnow

hero member

Activity: 3066

Merit: 577

Leading Crypto Sports Betting & Casino Platform

Quote from: narcopop on January 08, 2020, 11:09:49 AM

I, personally, don't know what to prefer. Both ways have their visible and impregnable perks.

Crypto, as a currency, of course has its well known ups and downs which affect betting itself, promos, etc. Fiat, on the other hand, doesn't have this excitement over the money that we can earn.

Some might say that fiat bookies have more comfortable banking options but it's not an incontestable rule. It all depends on the teams responsible for the product, not the market itself. I used to bet on both and both are great in their own manner.

Very well said.
They have perks, advantages and disadvantages that we can depend on. So, basically a crypto guy will choose to say that it's crypto gambling is the best while the other will say the same thing. Whilst, we can be at the midst of it and enjoy the perks that we can have for having both.

narcopop

jr. member

Activity: 140

Merit: 6

I, personally, don't know what to prefer. Both ways have their visible and impregnable perks.

Crypto, as a currency, of course has its well known ups and downs which affect betting itself, promos, etc. Fiat, on the other hand, doesn't have this excitement over the money that we can earn.

Some might say that fiat bookies have more comfortable banking options but it's not an incontestable rule. It all depends on the teams responsible for the product, not the market itself. I used to bet on both and both are great in their own manner.

Faxmate

sr. member

Activity: 1071

Merit: 253

Quote from: Latviand on January 08, 2020, 01:47:14 AM

Quote from: Mumbeeptind1963 on January 08, 2020, 01:36:54 AM

Quote from: Fundamentals Of on January 06, 2020, 05:02:40 AM

Well, there are pros and cons in using crypto as well as fiat on gambling. For the most part, I am only thinking of what's convenient and so there are times and games in which I use fiat and there are also games in which I use crypto. I cannot use fiat in online casinos because of certain reasons but I can easily use crypto. On the other hand, I also cannot use crypto when gambling outside the internet. I mostly use fiat.

Yes, it all matters on where we are more comfortable, and where is more convinient, I rather choose cryptocurrency, because it is what I have now, and it will be good investment for me, I can hold the bets that I am already get from winning the game, and it can be good for a long term hold since today we can see that some altcoins are getting pump now, together with bitcoin.

Well, I also prefer using cryptocurrency or playing online casino that fiat currency maybe because I only started to play online than in a real casino place, but I experienced playing one time, but I don't like it because of crowded and hassle commuting. And its more great playing using a phone because we can relax and do other things while playing, right? And we can be entertained anytime and anywhe

It could happen in ill mannered staff casino because most of time casino members take care of this thing that no player get sad or any problem in playing. But if you think you don’t have good regular casino at your place then you can start online casino gambling for this you needs some coins like bitcoin so play whatever you feel comfortable with

Latviand

full member

Activity: 1540

Merit: 219

Quote from: Mumbeeptind1963 on January 08, 2020, 01:36:54 AM

Quote from: Fundamentals Of on January 06, 2020, 05:02:40 AM

Well, there are pros and cons in using crypto as well as fiat on gambling. For the most part, I am only thinking of what's convenient and so there are times and games in which I use fiat and there are also games in which I use crypto. I cannot use fiat in online casinos because of certain reasons but I can easily use crypto. On the other hand, I also cannot use crypto when gambling outside the internet. I mostly use fiat.

Yes, it all matters on where we are more comfortable, and where is more convinient, I rather choose cryptocurrency, because it is what I have now, and it will be good investment for me, I can hold the bets that I am already get from winning the game, and it can be good for a long term hold since today we can see that some altcoins are getting pump now, together with bitcoin.

Well, I also prefer using cryptocurrency or playing online casino that fiat currency maybe because I only started to play online than in a real casino place, but I experienced playing one time, but I don't like it because of crowded and hassle commuting. And its more great playing using a phone because we can relax and do other things while playing, right? And we can be entertained anytime and anywhe

Mumbeeptind1963

hero member

Activity: 1190

Merit: 568

Sovryn - Brings DeFi to Bitcoin

Quote from: Fundamentals Of on January 06, 2020, 05:02:40 AM

Well, there are pros and cons in using crypto as well as fiat on gambling. For the most part, I am only thinking of what's convenient and so there are times and games in which I use fiat and there are also games in which I use crypto. I cannot use fiat in online casinos because of certain reasons but I can easily use crypto. On the other hand, I also cannot use crypto when gambling outside the internet. I mostly use fiat.

Yes, it all matters on where we are more comfortable, and where is more convinient, I rather choose cryptocurrency, because it is what I have now, and it will be good investment for me, I can hold the bets that I am already get from winning the game, and it can be good for a long term hold since today we can see that some altcoins are getting pump now, together with bitcoin.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: ?? on ??

It will always be crypto and even in the near future I didn't intend to use fiat in online gambling. One explanation is the rule. There's no specific law in our country regarding crypto gambling, so I'm pretty safe from regulation, despite how much I've played or earned. I'm still unfamiliar with using fiat gambling site. What if they need KYC that I'm ignoring or they're unlawfully operating that might smear my clean reputation. So when you have online gambling operation, choosing crypto is the best thing to do.

Exactly. Those are crypto's strongest points against Fiat. I'm sure many casino/gambling operators will choose crypto over Fiat in the long run, due to the many benefits it provides. While governments can require operators to comply with KYC, the decentralized nature of crypto makes it impossible to enforce regulation at will. That's not the case with Fiat, as it's largely monitored and tracked by the government. With due time, we'll be able to see more crypto gambling sites being supported by serious gamblers worldwide. I believe this is just the beginning, as crypto and Blockchain are bound to improve over time.

The next big thing in the gambling industry are decentralized gambling apps. With the inception of ETH, EOS, TRON, and other smart contract based blockchains, gambling games have become truly censorship resistant without the need for middleman. This presents a greater level of fairness than traditional-based gambling. Neither gambling sites which accept Fiat will overcome those which accept crypto or vice versa. For some people, gambling with Fiat is the way to go while others would simply choose crypto over anything else. Gamblers are the ones who decide which currency to use on diverse situations in life. Just my opinion

Fundamentals Of

sr. member

Activity: 2366

Merit: 366

Well, there are pros and cons in using crypto as well as fiat on gambling. For the most part, I am only thinking of what's convenient and so there are times and games in which I use fiat and there are also games in which I use crypto. I cannot use fiat in online casinos because of certain reasons but I can easily use crypto. On the other hand, I also cannot use crypto when gambling outside the internet. I mostly use fiat.

nasipadang

sr. member

Activity: 1274

Merit: 252

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.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: Wish 107.5 on January 04, 2020, 07:20:01 AM

Quote from: michellee on January 04, 2020, 02:37:39 AM

Quote from: ?? on ??

Sometimes I have some 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 because of unknown transactions I've also been frozen by my bank for a few weeks. I prefer to buy crypto from someone first, and then I can safely and quickly deposit crypto where I can play anything I want. So it's easier for me to play in crypto, I have to say it's a great technology.

That would be bad news for you if the banks froze your bank account. Yes, choosing crypto as the way to gamble will give you a free to deposit any coin available in the gambling site, so you don't have to worry if your bank becomes suspicious about what you do. We can avoid investigating from the banks because they don't know if we use crypto to playing gambling. Even if they know we use crypto, it will hard to check on where we use the coin and what for we use the coin.

Indeed. Some high rollers in gambling also use mixers which makes their transaction be impossible to be tracked. On the other hand, small time gamblers which includeds us doesn't need that since it's not really illegal to gamble with crypto at all which gives us the freedom to play without worrying that the government may sue us for not paying taxes.

Yes, that is why I think many people now like to gamble using crypto because they can avoid taxes if they win some money. Besides that, they can send their win money to the exchanges, and with waiting for a while, they can send the coin at a higher price, so then when they convert to the local fiat, they will get a lot of money. With crypto, we can get the free chance to gamble, but that means we need to have control over ourselves if we don't want to get deeper into the gambling games.

salad daging

hero member

Activity: 1624

Merit: 791

Bitcoin To The Moon 📈📈📈

Quote from: bobyhodob on January 05, 2020, 05:48:37 AM

Gambling with crypto of course ia the best a way to hide from the law
in my country gambling is strictly prohibited but with crypto i can still play all day
even if I play in front of the police station maybe they won't notice XD
I hope here gambling with crypto will not be quickly known by the public, maybe one day they will make a law for it

they will not react if nobody reports, or track the flow of large amounts of bank funds to an online gambling platform. it's still very unlikely that the police can track the flow of crypto assets for regular players, this is my reason for using it. They are also still very difficult to deal with non-crypto gambling sites, due to the alleged strong backing by influential officials in their area.

Best Dreams

full member

Activity: 1008

Merit: 101

Quote from: ?? on ??

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.

It’s all about county regulation I like to gamble with money only because I think crypto is not used worthy we should gamble but with fiat. Crypto can be used only in online casinos otherwise we should keep crypto safe and use our flat money for gaming purposes. Right now most casinos will offer you online gambling with crypto but choose only what you like to use, but first visit the casino and do some research about it.

Topic: Gambling with Fiat or Crypto? - page 4. (Read 3102 times)