Topic: Gambling with Fiat or Crypto? - page 9. (Read 3124 times)

When you bet with fiat, you don’t have many options of currencies to choose from. Of course you will use local currencies but with cryptos, there is unending variety of currencies that you can opt as per your need and demands. Moreover the volatile nature of crypto currencies can give you enormous benefits if you hold your coins for some time that you won in gambling.

With convenience, this would attract us to gamble more.

Honestly I am also one of the gamblers who start gambling more when they know about crypto gambling sites, on a regular basis I am putting my bets on the sports that I like and it has been part of my life already, losing is part also but as you get more matured, you'll be able to know how to handle yourself and bet within your limit.

I agree it is really convenient to play online using cryptocurrency. This is only the reason why I am playing gambling again although I know to myself that I am not addicted to it but there is a time that I am thinking that it is also good trying your luck sometimes so that I use to play with gambling online.

That's the real issue when gambling using Fiat. Banks can simply freeze your account whenever they want to, when that's not the case with crypto. Gamblers would often find crypto more flexible to deal with than Fiat because of the many benefits it provides. Of course, crypto is very unstable at times where it can be worth tons of money to being worthless in a blink of an eye. But the advantages of crypto relative to Fiat, far outweighs its disadvantages. Most people will prefer crypto since it gives them financial freedom. While most online gambling sites require KYC for crypto too, gamblers can choose decentralized gambling applications for their own benefit. It's now even possible to gamble with privacy-oriented coins like Monero and Zcash.

Still though, people have their own unique preferences when it comes to money. Some gamblers would prefer Fiat for gambling because it's tangible and stable in price, while others would prefer crypto because of its anonymous and censorship-resistant design. Knowing that crypto and Blockchain technology has been the hottest topic of today, means that they could be implemented in many industries within the mainstream world. It wouldn't be surprising to see many more online gambling sites accepting crypto within the not-so-distant future. By then, the battle will be between traditional casinos accepting Fiat versus online casinos or gambling sites accepting crypto. If adoption continues to grow for crypto, then crypto-gambling sites will be here to stay for a long time. Just my thoughts

If you are looking at this scenario earlier then fiat based gambling sites had better options but now we have more crypto based gambling sites that give you more option to bet but it is a fact that bet365 is one of the top sites in online gambling and they have the best odds and since we have crypto sites i do not wage in those sites anymore as i am comfortable with the crypto based sites.

The odds for directbet really sucked but it was a really cool site and you do not even need to register in that site and that was the biggest advantage they had over any other site and they accepted 4 cryptos which was really great for the fans during that period and i miss that site even now.

Personally I would rather choose to use Cryptocurrencies upon playing gambling over Fiat simply because of anonymity. As an individual who wants to play without having a thoughts of getting caught like me, crypto is more likely perfect for it. There are some countries who do not allow this kind of activity so I think this will an option for them to choose. In terms of convenience, I think there's no problem with crypto because most of my earnings are not fiat so this will be easy for me to spend it online.

That's confirmed and proven, gambling was too in demand by many people, and now it continues to grow more often. That's why most people were attracted to the promises showed towards the public. Personally, the experience remain so serious and a reality for everybody who desired to join gambling in a very complicated manner. Some might be frustrated as they lost a lot of money but suddenly go back on gambling.

I think we can safely discard the issue of volatility from the gambling equation

The whole point of volatility makes sense only if you are looking to earn money through gambling. But even if this is not oxymoronic on its own (which is a big if), it is definitely not the best way to make dough in the long term (where volatility concerns start to count). So, from a practical point of view, cryptocurrency volatility is the last thing that a typical gambler should care about. And I'm not even mentioning the fact that it works both ways anyway (as per definition)

Gambling is the fastest growing industry right now and people who are involved in crypto are going to be future rulers of the world monetarily. Crypto is future currency and gambling is an easy way to earn it. Gambling with bitcoin can make you rich in small time if you know when to stop and when to jump into betting game. Nothing could be more satisfying than winning some proportions of bitcoin.

If he goes down means your income also dropped dramatically. How about that? what do you do if that happens ...? Are you betting again to increase your income. For example, you win 0.1 bitcoin ... then the price drops far. If you wait for the price to go back up, it means you will vacuum first to bet?

Another reason why crypto is seen as a bad thing because there is no way to track if gambling is being done by kids and by people from countries who are actually banned from gambling otherwise. I accept the fact that there must be freedom to spend money for all and crypto gambling provides that but at the same time you don't want kids being involved with gambling and ruining their lives forever just because we want more freedom.

In general crypto betting is much easier because you can win 100 BTC withdraw and walk away while if you are betting legally with fiat you need to pay various taxes and fees involved.

I also like to gamble using crypto because there are already many gambling places supporting various crypto (cheap ones), even though we only have a small capital we can still bet differently if we use fiat it must have a lot of capital (my experience). and the advantages of crypto, it's true that the price can change at any time, if the price goes up, surely we can benefit many times over. get profit from betting and get more profit from the price of crypto that goes up.

You need to be careful if you use bitcoin because of the price, although it is not too high right now, it will still make us sad if somehow we are loose. But if you use altcoin to gamble, I don't think that the loss will make you sad because the value is not too high, depending on bitcoin. So I guess you can compare from using bitcoin and altcoin, and you will see which will be a good option for you to gamble. I prefer to keep my bitcoin in a wallet and don't use it for playing gambling because I want to wait for the bitcoin price increase, so when I sell my bitcoin, I will make a lot of money.

That is not always the case.

You know how volatile Bitcoin and cryptocurrencies right? And you are gambling too so you are not just risking your cryptos in gambling but also you are dealing with its volatility. I am not saying that cryptocurrencies are the worst to use in online casinos but it is that you should know that you are risking your cryptocurrencies in gambling, and always remember that you are gambling so losing them is not that far.

Gambling with bitcoins is easy for withdrawals and deposits because no verification are required on bitcoins based casinos and sportsbooks but at the same time we have to admit the fact that the crypto casinos are not so popular and don't offer the same range of betting odds and games as some of the big ambling websites like bet365 provides.

Personally as more and more crypto gambling websites are coming into the market, they establish too like directbet did and now sportsbet seems to be the best one but I might be mistaken.

i would like to gambling with crypto, because your earning can change anytime if the crypto going up,
so my favourite betting is bitcoin ofcourse

That is what people did if they use crypto for playing gambling because, with crypto, they have an easy way to send any popular coins to the gambling site so they can start to gamble. We are now in the era of the internet, and everything has transformed into the digital, including the gambling industry. The gambling industry is trying to run globally, and now, with the crypto, the gambling industry can reach many people to come to their site.

For this wide growth of online gambling and much-appreciated crypto gambling, we can't decline some instances that more gamblers will be now in online gambling. Definitely, we could find an easy and fast transfer transaction when we are using crypto and this is how gamblers are often to choose rather than to stick used of fiat (not unless if we are just gambling in offline casinos).

I've only played it once a casino with Fiat money.
I'm more for the variant of gambling in online casinos and giving real money.
There is no better way to gamble than to gamble online in crypto money.
At home in your home, without the dangers and other factors of the outside world, transactions are faster, "Money is faster in your wallet than out of your wallet."
And more interesting is crypto gambling than fiat, in my opinion.

The choice of crypto or fiat depends on many factors such as the availability of land casinos and good security in them. In most of the states where land casinos are banned by state, people go for online gambling which is mostly played with the help of cryptocurrencies. Indeed it is not surprising to see people gambling with cryptocurrencies because they simply want to earn digital currencies easily.