I'd have to guess the users playing at fiat casinos are already used to gambling higher amounts and are less likely to play with amounts even under one penny so adding this feature wouldn't do much of a difference besides lowering the casino's revenues. This is a trend only seen in crypto AFAIK - after all, even fiat casinos could allow you to play with fractions of cents if they wanted to. Fiat faucets could also be a thing, but would be something not many are accomodated with.
indeed in reality there must be gambling that can accept transactions using cents because it will have a good impact on gamblers who want to try to use their assets with very small amounts will not make them lose when they lose, at least by using betting in the form of cents can used for observation to various games. 
Topic: The difference between a true Crypto gambling site and a Fiat/Crypto site.. - page 4. (Read 642 times)
July 25, 2020, 08:56:18 AM
July 25, 2020, 08:44:01 AM
I'd have to guess the users playing at fiat casinos are already used to gambling higher amounts and are less likely to play with amounts even under one penny so adding this feature wouldn't do much of a difference besides lowering the casino's revenues. This is a trend only seen in crypto AFAIK - after all, even fiat casinos could allow you to play with fractions of cents if they wanted to. Fiat faucets could also be a thing, but would be something not many are accomodated with.
July 25, 2020, 07:39:29 AM
3. Crypto casinos can make full use of micro payments because they develop their own games.
4. Crypto casinos can protect anonymity, because they can stay anonymous too. (unlicensed & unregulated)
I agree fiat casino operate under different rules than crypto casino. For them offering crytpo currencies is just another payment option like USD, EUR. Especially for new gamblers micro transactions is awesome to get to know various games and casinos before gambling with the big bucks.
For me just the anonymity aspect brings me back to crypto casinos and I don't want to go back to fiat at all.
July 25, 2020, 06:36:11 AM
2. Fiat+Crypto casinos strip all pseudo anonymity from Crypto gamblers, because they require full KYC requirements. (This in most cases are not a choice, but a regulatory requirement linked to their Fiat links to government.
Sadly point 2 applies also to many pure crypto casinos. There are only a few of them don't ask KYC at all.
Casinos use KYC to cover up their lack of technical knowledge and general faults.
If someone goes to freebitco.in (it is only an example, the truth is i don't know any other casino that is completely KYC free) and win 1000btc today by hacking the website or by just playing honest and withdraw it immediately, they won't ask you your KYC documents. You'll be able to get your money right away.
But if they catch you while hacking, they'll lock up your account, seize your coins and give a kick in the butt and post the proofs in the forum.
That's how you should deal with scammers.
July 25, 2020, 06:27:17 AM
So what have we learnt so far?
1. Fiat+Crypto casinos do not really care about micro payments, they just want the same profits from the games on offer ...than what they got from being a pure Fiat online casino.
2. Fiat+Crypto casinos strip all pseudo anonymity from Crypto gamblers, because they require full KYC requirements. (This in most cases are not a choice, but a regulatory requirement linked to their Fiat links to government.
3. Crypto casinos can make full use of micro payments because they develop their own games.
4. Crypto casinos can protect anonymity, because they can stay anonymous too. (unlicensed & unregulated)
1. Fiat+Crypto casinos do not really care about micro payments, they just want the same profits from the games on offer ...than what they got from being a pure Fiat online casino.
2. Fiat+Crypto casinos strip all pseudo anonymity from Crypto gamblers, because they require full KYC requirements. (This in most cases are not a choice, but a regulatory requirement linked to their Fiat links to government.
3. Crypto casinos can make full use of micro payments because they develop their own games.
4. Crypto casinos can protect anonymity, because they can stay anonymous too. (unlicensed & unregulated)
July 25, 2020, 06:02:03 AM
Of course true crypto gambling sites are much better than fiat gambling sites that accept crypto deposits. True crypto gambling sites are usually
providing more various crypto options and no minimum bet. It is different from fiat gambling sites that accept crypto deposits but when they will
playing automatic converting to fiat and that's really annoying. They only provide a variety of deposit options so hope it is attracted new user
interest.
providing more various crypto options and no minimum bet. It is different from fiat gambling sites that accept crypto deposits but when they will
playing automatic converting to fiat and that's really annoying. They only provide a variety of deposit options so hope it is attracted new user
interest.
July 25, 2020, 04:49:17 AM
In Primia Facie, I consider a gambling site true crypto site if it doesn't have an option to fill out user info. Get a username and mostly an email and start playing. They won't be asking you to verify your identity except when they absolutely need to. That would be perfectly fine to normal crypto users who are there for fun. On the other hand, a fiat gambling turned to crypto would ask your KYC the moment you initiate your first withdrawal.
July 25, 2020, 04:24:08 AM
They just want to ride the hype of cryptocurrency gambling sites and take a share of the market for theirs. It's true, it's annoying that these gambling sites are open to accepting crypto deposits but once you play, it is immediately converted to fiat. It's one of the main reasons I see why people prefer crypto gambling sites more than traditional fiat online casinos. It seems like you have no freedom to bet whatever amount you have in mind in these casinos which is a bummer especially if you want to last in the casino and just have a good time.
And what's worse is that they can't be as good as the crypto casinos that allows to bet even under the minimum amount of these traditional casinos that just recently adopted cryptocurrencies to their payment method. Someone has noticed this too. They have been noticing the side of crypto market that has a huge amount of shares to the entire gambling industry. They have no choice but to get up with it and stay up to date.
July 25, 2020, 04:00:00 AM
.
In time crypto casinos may absorb the whole fucking thing.
I don't know if it is bad or good but, that's the best use case of crypto.
(anonymous gambling)
In time crypto casinos may absorb the whole fucking thing.
I don't know if it is bad or good but, that's the best use case of crypto.
(anonymous gambling)It's already happening we have seen migration, people playing in the Crypto gambling sites did not learn to gamble because they join a gambling site they migrated from Fiat to Crypto, there are so many things that attract them to Cryptocurrency gambling, it's like hitting many birds with one stone, like anonymous, maximize their bet because of the nature of Cryptocurrency, and the fact that Crypto gambling is growing.
July 25, 2020, 02:42:59 AM
I think that the minimum bet in real good slot machines should be like 0.10 Eur or Usd.Many of the slot providers like Microgaming,Booming Games,Kalamba,Play N Go and many others offers this kind of minimum bet as this is the minimum bet you can really win something during your gameplay.I think with 0.01 Eur bet we would be just losing time and looping around because you cannot really win something relevant in this bet.
Crypto gambling sites still offer a minimum bet higher than 0.01 cent for real slot machines but I think the advantage of micro payments can be seen in roulette,dice and other game like those.
Crypto gambling sites still offer a minimum bet higher than 0.01 cent for real slot machines but I think the advantage of micro payments can be seen in roulette,dice and other game like those.
July 25, 2020, 02:11:59 AM
Are you afraid that Fiat customers would start playing with Crypto currencies, if you allowed smaller minimum bets for Crypto customers?
Maybe yes, if players are set into very low amount as minimum bets then those fiat sites may not reach their targeted profits.Possibly not every gambler is going to make bets in few cents so they just keep as it is. Fiat gambling site offering crypto bets itself shows that they are afraid of crypto gambling is taking over the fiat industry that is why they started to prepare themselves early. July 25, 2020, 02:03:37 AM
We need a gambling owner to explain that because we all are the players, and we don't know the truth. We can guess the answer, but that will make a difference in each other for the answers.
But I never think like that because I only think that when I place the bets, I know there is a minimum amount to bet, but I don't convert or calculate it in the fiat values.
Regarding the royalties, I am sure they should pay some amount to the developer, which is a form to support the developer in keeping their project still running. I think every crypto gambling site will have different minimum bets for crypto gamblers.
But I never think like that because I only think that when I place the bets, I know there is a minimum amount to bet, but I don't convert or calculate it in the fiat values.
Regarding the royalties, I am sure they should pay some amount to the developer, which is a form to support the developer in keeping their project still running. I think every crypto gambling site will have different minimum bets for crypto gamblers.
July 25, 2020, 01:51:46 AM
I noticed a kind of trend these days, with a lot of Fiat online casinos, starting to offer Crypto currencies. The problem with these casinos are that they are not really Crypto gambling sites. Let's take the Slots for instance... Your normal Fiat online gambling sites will never offer bets smaller than say $0.10 per bet.... but the true Crypto gambling sites will offer bets for a fraction of a cent. (Stake.com original games for instance makes true use of Crypto micro bets and also sites like Freebitco.in)
The other sites will take your Crypto currencies, but they will still use Fiat values as a guideline to determine the minimum bet... this does not make full use of one of the best aspects of Crypto currencies... which is micro payments.
The other sites will take your Crypto currencies, but they will still use Fiat values as a guideline to determine the minimum bet... this does not make full use of one of the best aspects of Crypto currencies... which is micro payments.
We can't really blame those fiat/crypto casinos whom limits the amount of minimum bet that high and still needs KYC, as some of them were just want assurance that their customers are real and they afford to win big and lose big as well. Hence, we must not compare how they run their system, it's your choice whether you use it or not. The only difference that makes a gambling site, whether it is crypto-based or fiat-based, is if it satisfy its customers and its user-experience is superb.
Also, crypto gambling would always have many clients compared to fiat gambling as crypto is more convenient in transaction and depositing, yet fiat casinos often have physical licenses in their local place where they operate while most crypto-based that are decentralized often doesn't have. Which, answers why fiat-based often gets huge income by limiting minimum bets with their system.
July 24, 2020, 11:42:24 PM
There are crypto gambling sites which are also setting up limits. Some sports betting sites for example do have minimum amount of bets allowed.
Perhaps some fiat/crypto gambling sites do not allow very low bets because they consider these bets too insignificant that they do not make good money out of it. Perhaps they find bets as low as 1 to 10 sats as worthless bets which should not be accepted. Even 100 sats is just less than 0.01 cents so why bother accepting it? Just my thoughts.
Perhaps some fiat/crypto gambling sites do not allow very low bets because they consider these bets too insignificant that they do not make good money out of it. Perhaps they find bets as low as 1 to 10 sats as worthless bets which should not be accepted. Even 100 sats is just less than 0.01 cents so why bother accepting it? Just my thoughts.
July 24, 2020, 08:55:14 PM
They just want to ride the hype of cryptocurrency gambling sites and take a share of the market for theirs. It's true, it's annoying that these gambling sites are open to accepting crypto deposits but once you play, it is immediately converted to fiat. It's one of the main reasons I see why people prefer crypto gambling sites more than traditional fiat online casinos. It seems like you have no freedom to bet whatever amount you have in mind in these casinos which is a bummer especially if you want to last in the casino and just have a good time.
True! Hypetrain of crypto, but in the end, it's just fiat in the guise of crypto. They can't really change their entire setup to make it as a crypto gambling site so they instead opted to make it seem like they are one. If new players were to actually enter on crypto gambling, they may just actually attract some with such ideas, after all, they have no particular idea on how crypto sites work and just the work "crypto" is enough to make a gambling site a crypto gambling one in the eyes of people who don't usually gamble on said sites. I guess the only advantage they could get here is that transactions would be faster if they used crypto, but I'd still opt for pure Crypto gamblings sites since they offer the same speed and I know that I'm playing with crypto, not fiat. 
July 24, 2020, 07:34:45 PM
It's true, it's annoying that these gambling sites are open to accepting crypto deposits but once you play, it is immediately converted to fiat.
(....)
Oh. There are some gambling websites that will convert your cryptocurrency deposit to fiat after depositing it?(....)
Jeez. This is my first time to know this, this is extremely awful especially the price of the Bitcoin after they will convert it to fiat, it really matters.
Gamblers should know this before they are depositing so they will not get pissed off.
But, If that was really the case, then that's obviously a deceitful act from a non-crypto gambling website.
Nevertheless, most of these websites only adapts cryptocurrency, because they have witnessed a huge volume of stakes in crypto gambling websites. They will do anything they can to attract more markets to their website.
And other thing is just like what @cabalism13 said that, there is also a chance that the Bitcoin you bet will only converted once you will bet it, not after you deposit Bitcoin or other cryptocurrency in the gambling website.
Still annoying once people will get surprised about this.
July 24, 2020, 07:10:38 PM
It's true, it's annoying that these gambling sites are open to accepting crypto deposits but once you play, it is immediately converted to fiat.
(....)
Oh. There are some gambling websites that will convert your cryptocurrency deposit to fiat after depositing it?(....)
Jeez. This is my first time to know this, this is extremely awful especially the price of the Bitcoin after they will convert it to fiat, it really matters.
Gamblers should know this before they are depositing so they will not get pissed off.
Im not sure, but I guess with a website like this, your deposited Btc/crypto wasn't directly converted but just showing the amount of crypto equivalent to fiat (base on my experience on other gambling website)
But, If that was really the case, then that's obviously a deceitful act from a non-crypto gambling website.
Nevertheless, most of these websites only adapts cryptocurrency, because they have witnessed a huge volume of stakes in crypto gambling websites. They will do anything they can to attract more markets to their website.
July 24, 2020, 07:07:47 PM
It's true, it's annoying that these gambling sites are open to accepting crypto deposits but once you play, it is immediately converted to fiat.
(....)
Oh. There are some gambling websites that will convert your cryptocurrency deposit to fiat after depositing it?(....)
Jeez. This is my first time to know this, this is extremely awful especially the price of the Bitcoin after they will convert it to fiat, it really matters.
Gamblers should know this before they are depositing so they will not get pissed off.
thats why you need to check their faq first, if theres any. or read the reviews first. because they will mention about this conversion to fiat thing. but i guess most of us here don't want this kind of tx because we are used to deal with crypto. guess what? we are in btctalk...
July 24, 2020, 07:04:08 PM
They just want to ride the hype of cryptocurrency gambling sites and take a share of the market for theirs. It's true, it's annoying that these gambling sites are open to accepting crypto deposits but once you play, it is immediately converted to fiat...
I remember this when I play at FJ, where BTCs are automatically converted to USD as bets. Just like what the others have said it is within the Game Provider, and for the likes of what I have played before, here it is:https://www.yggdrasilgaming.com/
So 'matically it wasn't just about being on the latest trend, and yeah it's really annoying.
July 24, 2020, 06:54:39 PM
It's true, it's annoying that these gambling sites are open to accepting crypto deposits but once you play, it is immediately converted to fiat.
(....)
Oh. There are some gambling websites that will convert your cryptocurrency deposit to fiat after depositing it?(....)
Jeez. This is my first time to know this, this is extremely awful especially the price of the Bitcoin after they will convert it to fiat, it really matters.
Gamblers should know this before they are depositing so they will not get pissed off.
Jump to: