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Topic: Why not just gamble with fiat? - page 11. (Read 21293 times)

newbie
Activity: 41
Merit: 0
February 24, 2019, 08:51:19 PM
#20
It's because gambling with fiat for me, is more expensive. Another reason is that, I'm easily getting tired of waiting so I can sit for the game that I want. Unlike gambling with crypto, I'm very free to play anytime I want.
So do you mean you can't play real gambling anytime?
hero member
Activity: 1078
Merit: 501
January 21, 2019, 08:27:09 AM
#19
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 gamble for you guys?
In my opinion, btc is more convenient for playing gambling because we don't need to bring money with our pocket, it is easy to use it with our phones and it is not taxable. Unlike with fiat, casinos those are using fiat are taxable we cannot take all our winnings at home because of those taxes.
legendary
Activity: 2492
Merit: 1232
February 01, 2019, 09:33:24 AM
#19
Even how much i want to play with crypto casinos but it's really hard because all we have in my country is just fiat casinos.There are really a lot of casinos in ours but they are all played with fiat only.Hopefully,once crypto will be legalize in my country,i will start playing it using my own crypto coins earned.I think it will be more interesting not just of its transparency but it also means bigger profit to bet.
Legalizing crypto will take longer time, the reason why gambling with cryptocurrency instead of fiat is that, in cryptocurrency gambling site like Bustadice, fortunejack and others that no need to pass personal identification, you can actually hide your identity and protect it. The transaction is easier and faster and will give it a point of 10 for being it.

Another point for cryptocurrency is that you can actually gamble/play gambling in different countries where that software is based on any problem. The system is fairer in cryptocurrencies as well compared to casinos because casinos are built to have a high profit compared to cryptocurrency gambling sites that are established by amateurs.
full member
Activity: 355
Merit: 100
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February 24, 2019, 08:08:32 PM
#19
It's because gambling with fiat for me, is more expensive. Another reason is that, I'm easily getting tired of waiting so I can sit for the game that I want. Unlike gambling with crypto, I'm very free to play anytime I want.
full member
Activity: 686
Merit: 108
January 21, 2019, 07:39:13 AM
#18
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?
Conveniency and of course we want to experience a new environment using cryptocurrency. You cannot force anyone to stay on casinos forever people wants new things and gamblers are ready to take the risk just to have a good experience, its its really fun.
hero member
Activity: 3052
Merit: 606
January 31, 2019, 05:45:57 PM
#18
I play in both casinos but I prefer crypto casinos more because they offer you better anonymity than fiat casinos. Crypto casinos also used to have a much lower minimum bet but fiat casinos have catch up really well here too. Not all cryptos are shady, check the gambling board and play only in the ones with highest positive reviews.
Even how much i want to play with crypto casinos but it's really hard because all we have in my country is just fiat casinos.There are really a lot of casinos in ours but they are all played with fiat only.Hopefully,once crypto will be legalize in my country,i will start playing it using my own crypto coins earned.I think it will be more interesting not just of its transparency but it also means bigger profit to bet.
full member
Activity: 1330
Merit: 147
February 01, 2019, 10:00:48 AM
#18
The main purpose for some people who use crypto to play casino is they don't need to out of the house to play with. Just stay in home without hustle and anything that will interfere when he is playing. Althought this is depend on someone type, if he like a hustle to build his passion and showed his expertise when playing casino. However, for some people who likes stillness when he is playing then use crypto is the best way to do. Because casino online that use cryptocurrency nowadays is much, you only choose one place which you think can be profitable.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
January 21, 2019, 07:35:11 AM
#17
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?
Regulated means you need to pay taxes as well for your winnings so you are not going to get all the rewards if you win in fiat but in crypto you can take away all the money for yourself.

in cryptos , we arent paying taxes but we are paying transaction fees and other service charges which can be more expensive than a regular tax or vat  .  though crypto gambling is still the best choice because it is online which means we can play on any device or on any places we are  .  fiats cant also be used online and fiat related payment methods like credit cards , paypal , bank wire , etc , are too much hassel  and not all can people can possibly use them  .
Are you sure the transaction fee is expensive than taxes?

I don't know any crypto gambling sites asking for service charges?!

In most of the countries you may need to pay upto 20% taxes when we compare with that the transaction fee is nothing and its just under a buck now.
hero member
Activity: 2884
Merit: 579
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January 31, 2019, 05:07:27 PM
#17
How can transactions from  online casino's are actually slower? I don't find it slow if sometimes there has been delayed made by their process. We just have to comply just like what we've been doing when you start to take profits in casino's.

Whats even the benefit of using crypto to gamblefor you guys?
You say that it's not offering anonymity but you were wrong with that thing. It's one reason why most crypto gamblers are staying, they offer no registration and you're free to hide your information and you can even cashout without discussing your info.
legendary
Activity: 2576
Merit: 1043
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January 21, 2019, 07:04:00 AM
#16
One reason is anonymity for sure. We want to remain anonymous when we gamble because more money that we win = more risk of your life. Second is the we can gamble even though we are not going outside of our house. I have tried gambling using crypto and using fiat and I can say that using crypto is better for me because I don't go outside of our house just to gamble. I can put my bets even though I'm in my bedroom. Its more convenient if you are gambling in your home only compare to going to a casino and use fiat to gamble.
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
January 31, 2019, 10:26:30 AM
#16
I play in both casinos but I prefer crypto casinos more because they offer you better anonymity than fiat casinos. Crypto casinos also used to have a much lower minimum bet but fiat casinos have catch up really well here too. Not all cryptos are shady, check the gambling board and play only in the ones with highest positive reviews.
member
Activity: 406
Merit: 10
January 21, 2019, 06:42:59 AM
#15
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?

using crypto to gamble in any gambling sites out there is muh better than making a gamble with fiat because in crypto the odds were much better and somehow theres no need to get identified. Im still recommending crypto over fiat in betting.
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
January 31, 2019, 10:20:02 AM
#15
I gamble with crypto & in normal fiat bookies also. I don’t have a preference really although I probably gamble with fiat more often.

If you do your research & use well respected crypto bookies you won’t have an issue though.
hero member
Activity: 3024
Merit: 680
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January 21, 2019, 06:31:11 AM
#14
At least you need to go first to the casino physically to apply all of those convenience that you mentioned.

Why gamble with crypto? you can stay at home and gamble as long as you want. About the transactions? it's not a hassle and its anonymity is fine, you just have to be patient for few minutes to withdraw your money.
hero member
Activity: 1120
Merit: 554
January 31, 2019, 09:03:57 AM
#14
Just like what others have said, it has something to do with KYC. There are crypto related casino who don't require you to pass any info to be able to withdraw. And there are casino's which offer good bonuses and other incentives which a traditional fiat casino doesn't offer to its customers.

Its not that difficult to identify someone through their bitcoin transactions.  Unless they are very careful with mixers and swapping for other coins they can have their identity pinned.  Most people really don't care about privacy anyways and the statistics prove this.
sr. member
Activity: 2422
Merit: 357
January 21, 2019, 06:16:38 AM
#13
Here are some gathered reasons why people wanted to gamble in crypto rather than fiat.

1. Obviously because youre anonymous here.
2. The risk of getting killed or bumped a gambling Lord is lesses to zero.
3. So convinient you can gamble at home.
4. Youre in this forum so we promote using cryptos.
5. Unregulated casinos isnt that big deal here.
legendary
Activity: 3080
Merit: 1353
January 31, 2019, 08:18:30 AM
#13
Just like what others have said, it has something to do with KYC. There are crypto related casino who don't require you to pass any info to be able to withdraw. And there are casino's which offer good bonuses and other incentives which a traditional fiat casino doesn't offer to its customers.
hero member
Activity: 2646
Merit: 686
January 21, 2019, 06:11:27 AM
#12
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?

Hey while fiat casinos are regulated that’s true, but you’ll be surprised to know many online casinos these days have licenses too which makes them reliable. I’ll agree some casinos these days do ask for KYC, but that doesn’t mean all online casinos ask for it. The major differences for me are I can play from the comfort of my couch, there’re various games to choose from, and most importantly if I win I know I’ll get paid and the house won’t steal from me.

Read this thread and you’ll understand why I prefer to play online, rather than a fiat based casino: https://bitcointalksearch.org/topic/gambler-was-being-robbed-5091119
full member
Activity: 1638
Merit: 122
January 31, 2019, 07:37:45 AM
#12
Whats even the benefit of using crypto to gamblefor you guys?

Gambling on our place is illegal because there's a police that roving all the time  . so i have no choice , i can only play gambling peacefully thru online using cryptos  .  crypto as a medium for gambling is beneficial because i can obtain cryptos for free and that means i can play gambling without cashing in my own cash    . this idea is not possible when i gamble with fiat  .
full member
Activity: 265
Merit: 102
January 21, 2019, 05:50:49 AM
#11
We have many and different gambling site here in crypto then in real life gambling with some are need cryptocurrency and some are with fiat currency everytime we use or we gamble so this is one reason base in your question OP,then in my opinion i think better to play with both like this two are really good example cryptocurrency is in crypto then use fiat currency in real life so this two have different worth
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