Gambling with Fiat or Crypto? - page 6.

Sterbens

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No according to me it is not good to gamble with crypto but it’s much better if you gamble with fiat because having crypto is our need for future but gambling is our entertainment we can carry both at a single time. Try to keep your crypto safe and gamble with fiat. Most people love to gamble with crypto because of safety and anonymity but I prefer gambling with fiat.

The decision for choosing between fiat and crypto is dependent upon the situation of the gambler. Some people prefer crypto for gambling because it makes them feel safer as the risk of legal issues decrease. On the other hand fiat gambling has also been evident in the countries where gambling has been declared officially permissible by the governmental bodies.
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It seems like there are also many who gamble using crypto but on average they only play dice to play gambling but for casino gambling, poker, etc. then it would be better to use fiat because of big bets in the gambling game so that senior gamblers prefer fiat to bet.
But not all governments allow gambling because some countries still prohibit gambling because it can be detrimental and criminal rates are high.

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Quote from: avikz on January 01, 2020, 10:41:02 AM

Quote from: Abiky on November 15, 2019, 05:30:40 PM

What's best for gambling online? Crypto or Fiat? As for me, I'd rather go full crypto than Fiat for many obvious reasons. Crypto may be extremely volatile, but it's anonymous (depending on the coin) and censorship-resistant. Fiat may bring convenience to people that are not tech-savvy enough to understand crypto, but it can easily be traced by worldwide governments.

Crypto enables online casinos to perform their operations in a somewhat anonymous fashion. Both the gambler and the owner benefits from this. But I understand that crypto is still not accepted at physical casinos. In this regard, Fiat is the winner.

Nonetheless, what are your thoughts? Huh

You should start a poll so that the result can be seen by the members!

The decision entirely depends on the country of residence. If gambling is legal in a country and the tax rate is low, anyone would prefer to play with fiat. Online casinos would not have much scope there! However, if gambling is legally banned in a country, the players would definitely choose to play with crypto because of anonymity it offers. So the matter is entirely situational.

No according to me it is not good to gamble with crypto but it’s much better if you gamble with fiat because having crypto is our need for future but gambling is our entertainment we can carry both at a single time. Try to keep your crypto safe and gamble with fiat. Most people love to gamble with crypto because of safety and anonymity but I prefer gambling with fiat.

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Quote from: Debonaire217 on January 02, 2020, 08:30:16 AM

This question really makes sense if we think of the fact that most big time gamblers are actually converting fiats to cryptocurrency meaning to say that both are being utilized simultaneously, because based form my experience, I couldn't afford to bet money I earned from crypto space, most of the time I deposit using fiats to test my luck and to earn. Sometimes I use their faucets just to test their system.

At first crypto is anonymous compared to fiat and for some people transactions that are associated with gambling can be a little bit problematic because of job and etc, so for this reason crypto is better. Another great reason why crypto is better than fiat in gambling is that it has some unique games that are rarely or almost never seen on fiat based casinos, that includes dice, crash and other games. Also you can bet as low as 0.00000001 bitcoin and that's 0.00014 USD, can you bet so low amount of fiat on any casino? No.
Also a lot of crypto casinos have faucet - free money to gamble + bitsler has free btslr coins and you can participate in daily 250$ free btslr coin wagering contest and also on weekly 3500$ free wagering contest.
So crypto casinos aren't something that you have to miss, that's another reason to choose crypto over fiat.

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Quote from: Debonaire217 on January 02, 2020, 08:30:16 AM

"snip"
because based form my experience, I couldn't afford to bet money I earned from crypto space, most of the time I deposit using fiats to test my luck and to earn. Sometimes I use their faucets just to test their system.

We are opposite, I like to bet the money earn in crypto than my fiat which I earn from my real job or business.

In crypto space, there's a lot of earning opportunity that we can grab, that is regardless of the market condition because crypto is still here and there are still business who offers a job people like us, so what I earn, I use it for entertainment which is gambling and I don't feel much pain even if I lose it, but of course I also save some and gamble just a certain amount only.

Debonaire217

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This question really makes sense if we think of the fact that most big time gamblers are actually converting fiats to cryptocurrency meaning to say that both are being utilized simultaneously, because based form my experience, I couldn't afford to bet money I earned from crypto space, most of the time I deposit using fiats to test my luck and to earn. Sometimes I use their faucets just to test their system.

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Quote from: trickshot22 on January 01, 2020, 01:20:15 PM

It depends on the person what they think the best way to use it in gambling is either crypto or fiat, but for me what we used as long as we win is good. But for sure we can convert to fiat after we play gambling using crypto if we win. But I don't want to play gambling for myself by using cryptocurrency because I'm a big fan of cryptocurrencies and it looks like we're using chips and after we're playing we're converting into our money fiat. I'm not shocked if most players prefer crypto because we're clearly in the crypto culture.

it really depends on personal preference and the availability of his funds at that moment. many are preferring crypto nowadays because they can play anonymously without worrying to submit any kyc docs. but when you play with fiat in online casino, that's where kyc begins...

MyIdeas

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Quote from: batang_bitcoin on December 31, 2019, 05:30:07 AM

Quote from: KnightElite on December 31, 2019, 05:10:56 AM

I do not gambling with fiat money because it is illegal in my country. There are legal casinos but the thing is it is very hassle because you need to go there in order to play and also their is a specific age in order to enter the casinos. I do gambling with cryptocurrency because it is not hassle. I can easily gamble my money by just creating an account in a gambling site. There is also gambling site that doesn't need my identity and for me it is better than to play in gambling with a requirements such as ID verification and many more.

What is that country? it's confusing as you have said gambling with cash is illegal then why is it that there are legal casinos? Does your government only allows its citizen to gamble to respective casinos that are legal and prohibits outside gambling like in public places that has no license to operate?
Base on your explanation, it got me confused of what's really the status of your country regards to gambling physically. But it's all good if you are okay gambling with crypto which makes you safe if your government doesn't allow people to gamble everywhere.

He means that gambling is illegal in his country at all so he is unable to gamble but he is gambling with cryptocurrencies because the governments cannot find the gambler who is gambling with cryptocurrencies, one reason is that cryptocurrencies are unable to trace and it is also a decentralized currency and do not need any bank account to transfer your money to gambling sites.

trickshot22

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It depends on the person what they think the best way to use it in gambling is either crypto or fiat, but for me what we used as long as we win is good. But for sure we can convert to fiat after we play gambling using crypto if we win. But I don't want to play gambling for myself by using cryptocurrency because I'm a big fan of cryptocurrencies and it looks like we're using chips and after we're playing we're converting into our money fiat. I'm not shocked if most players prefer crypto because we're clearly in the crypto culture.

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Quote from: Abiky on November 15, 2019, 05:30:40 PM

What's best for gambling online? Crypto or Fiat? As for me, I'd rather go full crypto than Fiat for many obvious reasons. Crypto may be extremely volatile, but it's anonymous (depending on the coin) and censorship-resistant. Fiat may bring convenience to people that are not tech-savvy enough to understand crypto, but it can easily be traced by worldwide governments.

Crypto enables online casinos to perform their operations in a somewhat anonymous fashion. Both the gambler and the owner benefits from this. But I understand that crypto is still not accepted at physical casinos. In this regard, Fiat is the winner.

Nonetheless, what are your thoughts? Huh

You should start a poll so that the result can be seen by the members!

The decision entirely depends on the country of residence. If gambling is legal in a country and the tax rate is low, anyone would prefer to play with fiat. Online casinos would not have much scope there! However, if gambling is legally banned in a country, the players would definitely choose to play with crypto because of anonymity it offers. So the matter is entirely situational.

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Quote from: KnightElite on December 31, 2019, 05:10:56 AM

I do not gambling with fiat money because it is illegal in my country. There are legal casinos but the thing is it is very hassle because you need to go there in order to play and also their is a specific age in order to enter the casinos. I do gambling with cryptocurrency because it is not hassle. I can easily gamble my money by just creating an account in a gambling site. There is also gambling site that doesn't need my identity and for me it is better than to play in gambling with a requirements such as ID verification and many more.

The fact is that legal casino charges tax to their customers which is bad for me in my opinion because the government is taking advantge of our profit. I'm not against that but if we can gamble without being taxed, then why shouln't we? That can only be possible by gambling illegally or gambling with cryptocurrency that's why some of us prefer gambling with crypto IMO. On the other hand, it's still fun to gamble with real casino because we see the game personally. It's not hassle if we have time to go out somewhere else.

batang_bitcoin

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Quote from: KnightElite on December 31, 2019, 05:10:56 AM

I do not gambling with fiat money because it is illegal in my country. There are legal casinos but the thing is it is very hassle because you need to go there in order to play and also their is a specific age in order to enter the casinos. I do gambling with cryptocurrency because it is not hassle. I can easily gamble my money by just creating an account in a gambling site. There is also gambling site that doesn't need my identity and for me it is better than to play in gambling with a requirements such as ID verification and many more.

What is that country? it's confusing as you have said gambling with cash is illegal then why is it that there are legal casinos? Does your government only allows its citizen to gamble to respective casinos that are legal and prohibits outside gambling like in public places that has no license to operate?
Base on your explanation, it got me confused of what's really the status of your country regards to gambling physically. But it's all good if you are okay gambling with crypto which makes you safe if your government doesn't allow people to gamble everywhere.

KnightElite

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I do not gambling with fiat money because it is illegal in my country. There are legal casinos but the thing is it is very hassle because you need to go there in order to play and also their is a specific age in order to enter the casinos. I do gambling with cryptocurrency because it is not hassle. I can easily gamble my money by just creating an account in a gambling site. There is also gambling site that doesn't need my identity and for me it is better than to play in gambling with a requirements such as ID verification and many more.

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Quote from: watergold on December 31, 2019, 04:49:13 AM

Quote from: TopT3ns on December 31, 2019, 03:04:53 AM

Quote from: panjul07 on December 31, 2019, 02:46:23 AM

Quote from: MWesterweele on December 31, 2019, 02:39:33 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.

Me also, I found out that it is more comfortable to use crypto in gambling, less hassle, unlike fiat you need to do so many things , you need to withdraw money in banks , and there are so many things you need to secure since it is a physical money, many people would see what you are bringing in casinos for example , in crypto you just only need to create account do some KYC and there you have it.

Gambling with fiat is not always using physical money as there are many online fiat casinos. Here in my country, online fiat casinos does not ask players to do KYC.
What we need to do is just register with bank accounts only, no personal documents needed. What makes me curious is that why most international online fiat casinos asks their players to do KYC while it is not mandatory in my country.

I know gambling is illegal in your country so no player wants their identity known because it is at risk, of course different from international casinos that have a license
Actually online gambling using fiat or crypto is not too different, the difference is only in value if fiat has a fixed value while crypto can change, another thing is fiat also takes a bigger fee because it involves several parties.

Same thing in my country gambling in my country is prohibited and illegal so it is difficult to make withdrawals and deposits so it is very risky if you use fiat.
But if you use crypto it can be done secretly because no one knows about sending crypto except me so it's safer to use crypto in my opinion.
Of course the price of crypto will always change but for gambling addicts it's not a problem for him.

Yes it does not matter if they bet in small amounts but what if betting large amounts, of course there are losses there
Actually there are stablecoin like USDT, USDC but not all online casinos accept this method

watergold

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Quote from: TopT3ns on December 31, 2019, 03:04:53 AM

Quote from: panjul07 on December 31, 2019, 02:46:23 AM

Quote from: MWesterweele on December 31, 2019, 02:39:33 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.

Me also, I found out that it is more comfortable to use crypto in gambling, less hassle, unlike fiat you need to do so many things , you need to withdraw money in banks , and there are so many things you need to secure since it is a physical money, many people would see what you are bringing in casinos for example , in crypto you just only need to create account do some KYC and there you have it.

Gambling with fiat is not always using physical money as there are many online fiat casinos. Here in my country, online fiat casinos does not ask players to do KYC.
What we need to do is just register with bank accounts only, no personal documents needed. What makes me curious is that why most international online fiat casinos asks their players to do KYC while it is not mandatory in my country.

I know gambling is illegal in your country so no player wants their identity known because it is at risk, of course different from international casinos that have a license
Actually online gambling using fiat or crypto is not too different, the difference is only in value if fiat has a fixed value while crypto can change, another thing is fiat also takes a bigger fee because it involves several parties.

Same thing in my country gambling in my country is prohibited and illegal so it is difficult to make withdrawals and deposits so it is very risky if you use fiat.
But if you use crypto it can be done secretly because no one knows about sending crypto except me so it's safer to use crypto in my opinion.
Of course the price of crypto will always change but for gambling addicts it's not a problem for him.

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Quote from: Sterbens on December 30, 2019, 01:33:13 PM

Quote from: Triffin on December 30, 2019, 11:11:30 AM

Quote from: janggernaut on December 29, 2019, 11:29:20 AM

Quote from: huige007 on December 29, 2019, 11:12:32 AM

Quote from: kotajikikox on December 26, 2019, 05:50:28 AM

i love my crypto and i dont want to waste and risk for gambling so i choose playing using Fiat whenever i wanna gamble now.
because i have learned to value my precious currency in my folio so why need to gamble when i have cash to make my habit filled?

This is really stupid and absurd to gamble with crypto because they keep increasing in value and once you lose them, it is really hard to win them back or even purchase via fiat. I personally feel that gambling with fiat is much more reliable and recoverable but here again you need to be careful. Investing too much fiat can also make you poor. I believe majority of land casinos have gambling games with fiat.

Read what he said, he prefer to gamble with fiat rather than crypto since it's more valuable for him instead fiat.

Quote from: pakhitheboss on December 29, 2019, 08:34:05 AM

I prefer it with crypto than fiat. With Fiat you cannot remain anonymous, you will get traced. In my country gambling is banned therefore I cannot use fiat, whereas crypto to a certain extent is anonymous and it is not easy to trace its origin.

And gamble with crypto is easier than fiat since you can do that online, not just like fiat, where do you need to bring your money to real casino

You are right that we can gamble at home with crypto and we will not have to go far away for gambling but the problem is in gambling you are not sure about win or lose and if you lose you will lose your previous saving and crypto is certain to give you profit if once you made plan to hold them so I prefer gamble with fiat only and keep my crypto safe.

Instead I will play crypto instead to gamble because it will be easier for me to make deposits to his gambling site, so I can gamble quietly when playing online, sometimes I also play offline gambling using real money but I like to regret it after gambling offline, but unlike crypto gambling I have no sense of regret when I lost or won.

In a country where it is legal their is no issue to play with fait as it is much better because in gambling we know the win-loss ratio. So why to lose the bitcoin or best currencies where it will yield you good returns and fiat will depricate over period.

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Quote from: huige007 on December 29, 2019, 11:12:32 AM

Quote from: kotajikikox on December 26, 2019, 05:50:28 AM

i love my crypto and i dont want to waste and risk for gambling so i choose playing using Fiat whenever i wanna gamble now.
because i have learned to value my precious currency in my folio so why need to gamble when i have cash to make my habit filled?

This is really stupid and absurd to gamble with crypto because they keep increasing in value and once you lose them, it is really hard to win them back or even purchase via fiat. I personally feel that gambling with fiat is much more reliable and recoverable but here again you need to be careful. Investing too much fiat can also make you poor. I believe majority of land casinos have gambling games with fiat

Are you a gambler yourself?

Or, let me rephrase the question, have you ever been gambling in any types of the casino (I mean, land-based or online varieties)? People may be gambling with crypto because it is the only option available to them. If you are going to say that people shouldn't gamble since it is a waste of money as well as potential profits ("really stupid and absurd to gamble with crypto because they keep increasing in value"), it is entirely up to a particular individual what to do with their money and how to spend it (for gambling or otherwise). Anyway, I don't think you would really love someone telling you what you should do with your riches

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Quote from: panjul07 on December 31, 2019, 02:46:23 AM

Quote from: MWesterweele on December 31, 2019, 02:39:33 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.

Me also, I found out that it is more comfortable to use crypto in gambling, less hassle, unlike fiat you need to do so many things , you need to withdraw money in banks , and there are so many things you need to secure since it is a physical money, many people would see what you are bringing in casinos for example , in crypto you just only need to create account do some KYC and there you have it.

Gambling with fiat is not always using physical money as there are many online fiat casinos. Here in my country, online fiat casinos does not ask players to do KYC.
What we need to do is just register with bank accounts only, no personal documents needed. What makes me curious is that why most international online fiat casinos asks their players to do KYC while it is not mandatory in my country.

I know gambling is illegal in your country so no player wants their identity known because it is at risk, of course different from international casinos that have a license
Actually online gambling using fiat or crypto is not too different, the difference is only in value if fiat has a fixed value while crypto can change, another thing is fiat also takes a bigger fee because it involves several parties.

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Quote from: MWesterweele on December 31, 2019, 02:39:33 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.

Me also, I found out that it is more comfortable to use crypto in gambling, less hassle, unlike fiat you need to do so many things , you need to withdraw money in banks , and there are so many things you need to secure since it is a physical money, many people would see what you are bringing in casinos for example , in crypto you just only need to create account do some KYC and there you have it.

Gambling with fiat is not always using physical money as there are many online fiat casinos. Here in my country, online fiat casinos does not ask players to do KYC.
What we need to do is just register with bank accounts only, no personal documents needed. What makes me curious is that why most international online fiat casinos asks their players to do KYC while it is not mandatory in my country.

MWesterweele

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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.

Me also, I found out that it is more comfortable to use crypto in gambling, less hassle, unlike fiat you need to do so many things , you need to withdraw money in banks , and there are so many things you need to secure since it is a physical money, many people would see what you are bringing in casinos for example , in crypto you just only need to create account do some KYC and there you have it.

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Quote from: Japinat on December 30, 2019, 09:57:57 PM

Quote from: ?? on ??

After I learned Bitcoin, I started playing gambling. So I used this currency to play comfortably compared to Fiat money.

Well for me I already gambling even before bitcoin was created but I like to gamble more when I know bitcoin because its easier compared to fiat gambling.

I also started to gamble after getting to know bitcoin I feel ease and safety. because bitcoin has anonymous and yeah we know how to gamble using fiat in a country that prohibits gambling, it will end up in prison. other than that the convenience that I get to gamble with crypto is freedom all bitcoin gambling sites I can access without blocking.

Topic: Gambling with Fiat or Crypto? - page 6. (Read 3102 times)