Why not just gamble with fiat? | Bitcointalksearch.org

neonshium

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Quote from: Altcoins enthusiast on May 28, 2019, 12:59:41 PM

Quote from: RivAngE on May 28, 2019, 09:35:44 AM

They are useful to increase the miserable amount of mined coins ! Roll Eyes

And overall they are fine for small amounts which you won't mind to lose. I don't think you can play any game in a fiat site with something like 5$ (without at least spending half of it in bank transaction costs)

That is why cryptocurrencies gambling sites are far better than fiat gambling site. I have gamble with as minimal as $0.003 in coins but I can online play bet online with around $10 in my country local gambling sites.

You can do that. You can easily do that if you gamble in the local casinos and you know people around. But if you are gambling online, you would have to pay online and in doing so, your identity gets disclosed which no gamblers want. There is another option of crypto gambling but I think that that is not feasible if a site wants KYC.

uneng

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Firstly, many gamblers can't play at fiat casinos, being them physical or virtual, as it's a forbidden activity on their countries. And even those who can play at fiat virtual casinos aren't in a good position, as it would cost them a lot of transaction fees, plus in case of profit, more a bunch of taxes because this profit is considered to come from abroad, the profit is heavily taxed.

Then it makes no sense! It's already hard to profit from gambling, and when you finally do this, you have to pay a lot of taxes to the government?
Better to stay with crypto casinos!

feryjhie

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for me, i don't gamble using fiat because there is no casino in my country that provided a game that i want to play gambling

roosbit

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Quote from: Butterscotch Cartman on January 20, 2019, 06:13:40 PM

Fiat casinos are actually regulated and you won't get some shady off shore website witholding your funds because you didn't pass a background check.

This might be the only clear cut advantage

Quote from: Butterscotch Cartman on January 20, 2019, 06:13:40 PM

It seems like none of these crypto services even offer anonymity and transactions are actually slower than fiat services.

If you get to add a decent fee to your transactions,you will be amazed how fast these TXs get going and if we get passed this there aren't other setbacks

Quote from: Butterscotch Cartman on January 20, 2019, 06:13:40 PM

Whats even the benefit of using crypto to gamblefor you guys?

1. Unlike fiat, with crypto no one gets to put your money on hold for any receipts
2. Gamble with micro money unlike fiat which is usually put at a minimum of a dollar
3. Cryptocurrencies give you more value for your money in times of bulls unlike fiat which is fixed.

Pamadar

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Quote from: acroman08 on May 28, 2019, 12:24:04 PM

Quote from: Butterscotch Cartman on January 20, 2019, 06:13:40 PM

Fiat casinos are actually regulated and you won't get some shady off shore website witholding your funds because you didn't pass a background check. It seems like none of these crypto services even offer anonymity and transactions are actually slower than fiat services. Whats even the benefit of using crypto to gamblefor you guys?

uhh.. most online gambling sites that offers crypto services don't require KYC and I'm not sure where you
got this "It seems like none of these crypto services even offer anonymity". sure transactions are a bit slower
but that is a small thing if online casinos are prohibited in your region. also most crypto gamblers knows how
to be cautious and researches the reputation of the site if they decided to gamble there.

It's always a must to be more conscious when you are in this industry, crypto gamblers loves to play with freedom and anonymity and that's why those big and reputable house already adjusting to this needs, there are likely more gambling house inside crypto who offers no kyc procedures and allow bettors to freely enjoy thier activities without compromising their private information.

Altcoins enthusiast

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Quote from: RivAngE on May 28, 2019, 09:35:44 AM

They are useful to increase the miserable amount of mined coins ! Roll Eyes

And overall they are fine for small amounts which you won't mind to lose. I don't think you can play any game in a fiat site with something like 5$ (without at least spending half of it in bank transaction costs)

That is why cryptocurrencies gambling sites are far better than fiat gambling site. I have gamble with as minimal as $0.003 in coins but I can online play bet online with around $10 in my country local gambling sites.

acroman08

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Quote from: Butterscotch Cartman on January 20, 2019, 06:13:40 PM

Fiat casinos are actually regulated and you won't get some shady off shore website witholding your funds because you didn't pass a background check. It seems like none of these crypto services even offer anonymity and transactions are actually slower than fiat services. Whats even the benefit of using crypto to gamblefor you guys?

uhh.. most online gambling sites that offers crypto services don't require KYC and I'm not sure where you
got this "It seems like none of these crypto services even offer anonymity". sure transactions are a bit slower
but that is a small thing if online casinos are prohibited in your region. also most crypto gamblers knows how
to be cautious and researches the reputation of the site if they decided to gamble there.

RivAngE

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What doesn't kill you, makes you stronger

They are useful to increase the miserable amount of mined coins ! Roll Eyes

And overall they are fine for small amounts which you won't mind to lose. I don't think you can play any game in a fiat site with something like 5$ (without at least spending half of it in bank transaction costs)

wuvdoll

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I feel like it is much more work, I don't know. Not for legal reasons anymore because I had the chance to play sports betting with fiat and still declined it, I can go to somewhere close with casino (illegal where I live but legal not far from me) and could play any game I want in a casino but all are definitely a lot more challenges. Since its illegal where I live I can't play online neither so that is out of the question. What does it leave me with? Well crypto gambling.

I can totally play sports betting where I live with fiat too don't get me wrong but it just doesn't feel like its as far as bitcoin ones, the odds are better and the results are quicker and the games are more fair (and the sportsbooks are more fair) so it just makes things easier to play with crypto.

shoreno

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Quote from: EdenHazard on May 28, 2019, 12:49:13 AM

I don't like to play casino with I come to its place. It's not comfortable for me and I'll like the online gambling with my anynomous identity. I can use bitcoin with no related to address

Same here . I do also feel uncomfortable to the public and i cant just play properly in any offline casinos because some people ( bystanders ) will watch my game and they do also came up with their own suggestion . They say things like this and like that blah blah blah .... And this drastically affect my gameplay resulting for me to loose . This is why i decided to play online gambling with cryptos not only im more confident with it but its also more easy to cash in and cash out using cryptos .

EdenHazard

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I don't like to play casino with I come to its place. It's not comfortable for me and I'll like the online gambling with my anynomous identity. I can use bitcoin with no related to address which use KYC such as centralized exchange so as I can fully anynomous. I never came to place gambling so far because in my country gambling was made by a tool to make everyone miserable. So, I don't any reason to make many people assume that I is someone who will end up with being miserable person because it's only suggestion.

ricardobs

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Quote from: mitchr4 on May 26, 2019, 08:36:57 AM

If using fiat money Casino owners will know the name of our account, confidentiality of casino players is the reason why crypto users prefer to play with cryptocurrency compared to fiat money. We can also play with foreign people. Before I know crypto playing gambling with fiat is common.

The place I often visit on weekends with friends is an all fiat place you have to use fiat to gamble. Stays crazily overcrowded and full of every kind gambler. Sports gambling has been my area of interest and I play with fiat but it is not any different from crypto gambling except for the physical security. You could get robbed on your way to home if you win a big stake of money.

Cherylstar86

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Quote from: thin on May 27, 2019, 02:02:15 AM

Quote from: mitchr4 on May 26, 2019, 08:36:57 AM

If using fiat money Casino owners will know the name of our account, confidentiality of casino players is the reason why crypto users prefer to play with cryptocurrency compared to fiat money. We can also play with foreign people. Before I know crypto playing gambling with fiat is common.

I think one more reason to bet with a crypto is a possibility to pay with crypto directly. You know, although crypto could be exchanged for fiat, quite often it causes significant % loss, often taxes, etc. Spending directly in crypto is more convenient, but of course it is only applied to the people who already has some crypto.

It is depend upon on people's choice, looking forward its advantages will difinitely give accurate deliberation on which aspect is preferably good to be penetrated. Crypto gambling is conveniently good for those people who are eager to earn massively, because this field has brought huge potential and constant desiring profits.

thin

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Quote from: mitchr4 on May 26, 2019, 08:36:57 AM

If using fiat money Casino owners will know the name of our account, confidentiality of casino players is the reason why crypto users prefer to play with cryptocurrency compared to fiat money. We can also play with foreign people. Before I know crypto playing gambling with fiat is common.

I think one more reason to bet with a crypto is a possibility to pay with crypto directly. You know, although crypto could be exchanged for fiat, quite often it causes significant % loss, often taxes, etc. Spending directly in crypto is more convenient, but of course it is only applied to the people who already has some crypto.

MFahad

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Quote from: Butterscotch Cartman on January 20, 2019, 06:13:40 PM

Fiat casinos are actually regulated and you won't get some shady off shore website witholding your funds because you didn't pass a background check. It seems like none of these crypto services even offer anonymity and transactions are actually slower than fiat services. Whats even the benefit of using crypto to gamblefor you guys?

Usually, every crypto investor or trader like crypto casinos, and they don't like to play in fiat casinos, and secondly, the basic benefit of cyrpto casinos are, they don't need personal information and hidden we could play in crypto casinos. So anonymity wise every gambler easily play in these casinos.

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mitchr4

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If using fiat money Casino owners will know the name of our account, confidentiality of casino players is the reason why crypto users prefer to play with cryptocurrency compared to fiat money. We can also play with foreign people. Before I know crypto playing gambling with fiat is common.

Johnzky

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Quote from: Kasabus on May 26, 2019, 06:59:17 AM

This is what only to maximize the use of crypto in gambling. We know gambling sites and casinos are wide open to accept fiat and this new currency created will also give us an option what we want to used in gambling.
There is no big deal if used cryptocurrency or fiat in gambling cause they are consider as money as well, in fact, it is easily to use crypto coins in online gambling rather than a hassle it gives to us in using fiat money.

With all you have said,but just like what the above you says it is the privacy of each individuals is at stakes that’s why mostly choosing crypto gambling than using fiat.
And also the safety should be consider because of the crimes involving crypto related issue so better to play using cryptocurrency than Fiats

Kasabus

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This is what only to maximize the use of crypto in gambling. We know gambling sites and casinos are wide open to accept fiat and this new currency created will also give us an option what we want to used in gambling.
There is no big deal if used cryptocurrency or fiat in gambling cause they are consider as money as well, in fact, it is easily to use crypto coins in online gambling rather than a hassle it gives to us in using fiat money.

thin

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Quote from: samputin on May 19, 2019, 03:34:32 AM

I think it's more convenient to play gambling online than going to real casinos with fiat. You can play at your own leisure.

well, playing in online casino with fiat is also possible, so it is not the main difference. What really matter is that paying with crypto in some online casinos you may be hiding your identity, and possibly winnings. on the other hand you usually has less protection. So there are pluses and minuses, as always.

Topic: Why not just gamble with fiat? (Read 21304 times)