Topic: Gambling with stablecoins, Fiat, or crypto? - page 11. (Read 2444 times)

I prefer stables but not fiat.  Well, crypto are good but I often get conscious of the possible profit and loss caused by the nature of market price volatility. The guilt I often feel whenever the market is in green quites adds up to the loss. So at least, with stable coins, profit and loss would be as is and in such way it would be easier to accept. However, this is just on my gambling set up and if you're with higher gambling betting behavior, wpuld suggest using cryptocurrencies because in such way you won't worry about taxes.

I also have this one that I depend as well when choosing a platform. If I have a preference mode of payment and happened that the recommended website isn't accepting it, then I'd move to other platforms. The reason why there are many gambling sites or providers, is for us to to move in accordance with or preference and where we would be comfortable betting on.

I don't really have a preference, it really depends on where i am gambling, if i am gambling in physical game houses in my country, then it is obviously fiat i use. On the other hand, if i am gambling in a crypto casino, i use bitcoin to gamble, but in great crypto casinos like Spinarium that allows me deposit funds in my country's fiat currency, i gamble with fiat.

the thing is that many people have choice of using any kind of currency they wishes to use and for betting, but you will use the currency that will be easier for you to fund your account, theirs some certain thing's that we needed to understand in gambling platform for sure, if you have done your KYC verification you will not have any problem in betting and also look for possible ways of funding your account without any delay, majority of us do make a mistake by using method we don't know to funds our account but I do let you know that the best way is to use fiat if you are not familiar to use cryptocurrency

I don't know where you're gambling but "crypto' is not KYC free nor is it freedom any longer. Almost every reputable crypto site out there requires kyc at some point, if not it's likely you're playing at a non licensed casino and putting your money at risk.

Exactly, even though I gamble occasionally but whenever I want to gamble I prefer using crypto. I used to gamble with Fiat before I had knowledge about crypto gambling and as at those times when I used gambling sites that accepts Fiat I normally enters my bank ATM card details and they will send OTP to my phone for confirmation but am always afraid because of how vulnerable and malicious some gambling sites can be and moreover always using your card details on those sites exposes one's personal information and again during withdrawal you will still need to input your personal banking details and all these steps are against privacy but in crypto gambling your personal information are not exposed since you can fund your account using the funds you have in your crypto wallet so it is more easier, safer and more convenient than using Fiat to fund one's account online.

Having different crypto options is also another feature that makes the crypto gambling very unique instead of Fiat that you can only deposit one currency and if your bank doesn't have network it becomes so difficult to transfer funds to your gambling account but in crypto gambling inasmuch as you have internet connectivity every transaction is being moved immediately although sometimes it also depends on the type of crypto you use to fund your account that will determine the speed the transactions will take to be confirmed and it gets funded. Sometimes I also makes use of stablecoins like the USDT to make deposits as it is also faster most times.

In my case it's petty simple. I don't own any stablecoins. I see no reason to use them. They're more of a trader's escape.
So, that said, I also don't own any altcoins. I used to but nowadays I only hold a little bit of ETH.

Bitcoin is the only cryptocurrency I gamble with. I usually prefer to spend cash than my BTC because it's going to be worth more so I'd rather hold.

I also prefer the use of cryptocurrency in gambling because of the way I will enjoy making deposit to my crypto casino wallet and how the whole procedures has been made easy to do, being a bitcoiner or a crypto user, one will find it more comfortable in using the digital crypto he has and not to worry on the use of fiat, when my treasure is in cryptocurrency then I will definitely prefer the use of crypto and majorly the mentioned coins for me to gamble with, I've found crypto more interesting far better than the use of fiat for gambling and mostly I use bitcoin or USDT.

Of course for me I prefer to use cryptocurrency, and the one I use most often is TRX, and sometimes also use Bitcoin, BNB, and sometimes use dogecoin, I never use FIAT currency to gamble, not about freedom but I think it's easier to do it without having to be complicated.

I also do KYC on the gambling platform I use, because I feel it's time to do KYC to continue gambling using my old account, again and again it's not about KYC stopping me from gambling and the desire for freedom from not using personal data in gambling.

Maybe some people do prioritize their freedom and anonymity but want to continue gambling so they use crypto as their alternative to hide their personal data from KYC.

Well if it's because of KYC advantages then I think you would probably go back using fiat be a lot of these crypto casino are now required by the government to put or enforce the use of KYC verification for their customers.

Well for me I think it's because of the easy and simplicity of the whole use of cryptocurrency especially USDT and I prefer it because of its stable nature.

The only type of crypto that I like is Bitcoin. Automatically I will not use Bitcoin for gambling. I also prepare stablecoins to buy Bitcoin. So far, the type of currency I use to gamble is fiat on gambling sites that do not support crypto coins. If I want to gamble at a crypto casino, then stable coins are what I use. That's my honest reason rather than having to get tangled up in parsing the words.

anything that is convenient which is mostly bitcoin or altcoins(but lately I've been using altcoins more). like you, I use crypto because it is usually available in casinos that do not require KYC upon registration, I like to gamble as anonymously as possible so gambling in crypto casinos that do not require KYC upon registration is always a good choice for me(that being said, no KYC upon registration isn't the only thing I am looking in a casino).

I prefer to accumulate bitcoins thinking about the future... I don't usually use other currencies because I don't buy them. So for practicality and price stability, I generally use Stablecoins... and there is also KYC-FREE.. which you cannot have using FIATS.

If we talk about making money, I am sure that stablecoins should be used in gambling. This will allow you to use your strategy regardless of what phase the market is in and withdraw your profit (if it is haha) at any time rather than waiting a year or two for the right price. But in fact, I mainly use Bitcoin in gambling, because of habit and because no matter whether I win or lose, I am not going to exchange Bitcoin for Fiat until the ATH next cycle.

The flexibility and hitch free nature of fiat has made more preferable to me than i would with other forms of payment that i can use to gamble, i know that gambling with cryptocurrencies can at some point be very interesting and fun because you may win a certain amount in crypto and after a while, the value increases and that turns out to be more profit for you.

For the sake of anonymity, obviously, crypto gambling platforms remains the best because the usage crypto in its entirety in most cases are usually anonymous and promotes anonymity. but looking at regions where gambling is legal and regulated and the casino needs to keep track on its customers, then there's no definitely no room for anonymity.

Crypto is one of the best options to make payments of any amount quickly without any hassle. Gambling sites are still banned in my country so it is most comfortable for me to use crypto casino sites here as no one can trace me how much amount I have invested there or how much amount I have withdrawn from there. When someone goes to deposit money from a bank on a banned site, he will encounter payment issues, it is normal for this, crypto deposit is a very easy and safe medium. so I always use crypto on casino sites. I have no experience using FIAT money in casinos so far

It's hard to find crypto casinos without mandatory KYC these days so you might not have that perk anymore. Gambling with stable coins and crypto such as Bitcoin makes no difference in my opinion cause we just wager what we can afford to lose or atleast that's what we are supposed to do. But the thing with crypto casino is provably fair which gives us a satisfaction that the results are not rigged but gambling on fiat based online casino I am not really that comfortable for the same reason, I might be wrong and the results are fair too but with the exposure of crypto casinos I didn't get much chance to try Fiat based casinos other than some fantasy games.

I personally prefer to gamble using stablecoins, instead of volatile Cryptocurrencies like Bitcoin and Ethereum. It is mostly because I consider myself to be a holder of Bitcoin and I am aware the long term activity in gambling can lead to the loss of our assets, I don't like losing Satoshis, besides, in my mind it makes it easier to track one's losses/win during the same session if one uses stablecoins pegged to the United States Dollar, instead of using Bitcoin units.

When comes to Fiat, here in my country is kind of bothersome to try to place bets using cash or bank tranferences it takes too long when compared to the shift Blockchain transactions of some chains like Ton, Tron and even Ethereum. Not even mention that it would imply the government would have an easier access to one's personal information, We don't like our government, so the least they know about each one of us, the better.

I prefer to use Tron to gamble for quite some years now and rarely I go with using fiat for gamble. I think Tron was design for gambling right ? and we can see this lately where the price didn't drop and actually maintain the price ( probably because people are gambling at Euro a lot using TRX ). For Fiat , I use RON ( my national currency ) to gamble on esports because the platform I use for TRX doesn't support cashout option at Esports and we all know trows can happen even where a team has 1.10 odds ...especially at Dota2.

I usually gamble with crypto ones a lot, but for the past few years I got used to gambling with some stablecoins as well and I have to say I do not hate it. I mean I never gamble with fiat, that's just not even an option for me and I will never do that, but between crypto and stable, while I prefer to gamble with crypto, I will definitely not be against stable neither, it just feels like it is going to be fine.

Stable was something I used to dislike, because I believed that centralized nature of it was something I dislike, and the reality is that for investment purposes I still dislike it, but then I realized I am putting it in gambling, meaning I already accept losing it, so for gambling purposes alone, stables are not that bad.

I would prefer to use Crypto as my main currency for gambling especially TRX and LTC due to its cheap transaction fee.
Few years ago before when I have not heard about crypto, fiat is absolutely the only choice of payment method I use on fiat online casino.
Now crypto is my main currency when it comes to gambling, I have left the fiat online casinos I used to visit years ago.
Stable coins, some time I used it especially USDT BEP20 or TRC20, but my main option is still TRX most of the time.