Since cryptocurrencies is not regulated it makes gambling easier for gamblers as most of those laws that affect the gambling are out in place. Many gamblers may not be able to withdraw they earnings from fiat gambling sites because of some financial regulatory agency laws but in cryptocurrencies all those things are not needed.
This is when we are talking about big money, and that's why gamblers need to find as easy way to take profit. We can gamble on what kind of money we want to use, and cryptocurrency makes things easier. Gambling using your fiat money is very common is casinos, but since online technology is here now some gamblers want a more convenient way. 
Topic: Why not just gamble with fiat? - page 6. (Read 21304 times)
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?
Well i have nothing to hide so i am not bothered by this concern but i also use fiat and crypto for gambling it is depend on the availability and I believe that most of us are doing the same.I think one of the big advantages for crypto casinos are that they offer games with a much lower minimum bet, betting with one satoshi or the smallest micro unit of a cheaper crypto currency, makes betting on online casinos affordable for everyone.
I don't see that as an advantage since casinos are anyway affordable for pretty much anyone these days. Also the winnings are a lot smaller if your bet is only 1 satoshi and that's why almost no one plays on that small amount. Good thing about this is that you could win a jackpot with only 1 satoshi bets so for those who are lucky this is an advantage 
It's simple do what it demands. You're in cryptocurrency and you're asking fiat gambling? Dude, it's simple logic lol.
I think one of the big advantages for crypto casinos are that they offer games with a much lower minimum bet, betting with one satoshi or the smallest micro unit of a cheaper crypto currency, makes betting on online casinos affordable for everyone.
I don't see that as an advantage since casinos are anyway affordable for pretty much anyone these days. Also the winnings are a lot smaller if your bet is only 1 satoshi and that's why almost no one plays on that small amount. Good thing about this is that you could win a jackpot with only 1 satoshi bets so for those who are lucky this is an advantage I think one of the big advantages for crypto casinos are that they offer games with a much lower minimum bet, betting with one satoshi or the smallest micro unit of a cheaper crypto currency, makes betting on online casinos affordable for everyone.
It is like this and one of the best is no one will know how much you paid and in crypto currency no one can trace or see your money, crypto gambling gives safety and reliability to users, it remains security between sender and receiver but paying with fiat will be dangerous as so many people come to casinos only to rob the winners. hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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?
A freind just won last week around 20 000 € with around 100 solts rolls 
And be corse the casion (https://www.eurocasino.com) is licensed in Europe his hole win is untaxed.
But he has to verify identy but all in all its safer to gamble with € or $ becourse crypto wins i have to pay tax when i tranfer it to fiat XD
regards
What the hell? That is a lot of money he won. If he lives in Europe and gambling is allowed, then I think it's no problem for him to verify the identity because he could get that money. But hey, you can transfer it by a small amount, so your government doesn't get suspicious with the money you withdraw. But if you withdraw big money, then their radar will make a beep, and you wake up your government to investigate where you got the money.
I think one of the big advantages for crypto casinos are that they offer games with a much lower minimum bet, betting with one satoshi or the smallest micro unit of a cheaper crypto currency, makes betting on online casinos affordable for everyone.
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?
Online gambling or crypto gambling is better than fiat gambling, because you could play hiddenly, it give us anonymity to users, then gamblers have no worried about their personal information, and in short, it is a new technology then why not we use it and get enjoyment, you could see most of the new generation like crypto gambling because new generation like online working.
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.
I definitely agree with you. Cryptocurrency promise to bring anonymity to users but most crypto platforms require users to submit identity documents in order to make a deposit or a withdrawal. This goes against the idea of anonymity. I believe its better to gamble with fiat than cryptocurrency.. 
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?
A freind just won last week around 20 000 € with around 100 solts rolls And be corse the casion (https://www.eurocasino.com) is licensed in Europe his hole win is untaxed.
But he has to verify identy but all in all its safer to gamble with € or $ becourse crypto wins i have to pay tax when i tranfer it to fiat XD
regards
Since cryptocurrencies is not regulated it makes gambling easier for gamblers as most of those laws that affect the gambling are out in place. Many gamblers may not be able to withdraw they earnings from fiat gambling sites because of some financial regulatory agency laws but in cryptocurrencies all those things are not needed.
With cryptocurrency gambling, it has freedom which is separated between government and individuals. It has more advantage rather than choosing with gambling a physical money, although there's fiat gambling like lottery but probability was too little if you're thinking about winning. Regulations on fiat, made some people frustrated when they'll doing gambling so most of gamblers now switched to cryptocurrency. Same entertainment, with same comfort as well as lucky profit once you win with your bets.
keeping the gambler anonymous...
Somehow yes. But some crypto gambling sites might imposed a KYC's on those big winnings. I just don't know how they will consider a winnings as "big". Just saying that don't be too much comfortable to those anonymity behind crypto gambling sites so better read and understand their terms.
Fiat is not convenient compared to cryptocurrency.
Honestly if we look at the whole, I see fiat is convenient too. Why? Because in a fiat based online casinos, it touches most of payment processors on your locals. It means it's just one click away like in crypto.
Although I must say that it also depends on case to case basis.
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?
Well, using crypto in gambling seems like you are using token instead of Fiat money to waiger. Also having crypto as means to waiger is convenient than Fiat, so I would choose using crypto than Fiat in online casinos.
Most of my wager on online casinos are all in cryptocurrency which is more stress free and advantageous to the gamblers. It ease the gambler an easy way of making deposits and withdrawal as they gamble. Benefit of a gambler using cryptocurrency are; keeping the gambler anonymous, freedom to play without fear and play on transparency without intimidation. Fiat is not convenient compared to cryptocurrency.
Since cryptocurrencies is not regulated it makes gambling easier for gamblers as most of those laws that affect the gambling are out in place. Many gamblers may not be able to withdraw they earnings from fiat gambling sites because of some financial regulatory agency laws but in cryptocurrencies all those things are not needed.
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?
Well, using crypto in gambling seems like you are using token instead of Fiat money to waiger. Also having crypto as means to waiger is convenient than Fiat, so I would choose using crypto than Fiat in online casinos.
It's because if it's not being taxed, it can be already considered as illegal. Also, gambling with cryptocurrency I think is easier since it's easy to transfer, low fee, and very fast at the same time.
At the moment, payments from cryptocurrency casinos are much more difficult to track and therefore it is more profitable to play in them in this regard. I like the idea of the existence of such casinos, it allows you to find a wider use of cryptocurrencies.
But, the use of fiat is wide and long in many countries and that is a profitable and acceptable thing especially in countries where Bitcoin is not legal. Gambling with fiat is an already established thing and gambling with Bitcoin would be something new and excited in the markets where the coin is new.
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?
Assuming that when you gamble using resources OTHER than fiat, you are gambling online, let me provide you a list on why most people prefer using cryptocurrencies/digital cash:
- 1. Gambling online provides convenience to the user as it eliminates the need to visit casinos;
- 2. Gambling online provides anonymity to the user if they preferred to be unknown;
- 3. You have the option to choose which resource you can gamble, thus making it versatile;
- 4. It is relatively safer to gamble on your home; and
- 5. It can actually help someone to control/limit their spending if they are gambling using cryptocurrencies (as they are scarce).
I hope this answers your question as I already summarized some of the reasons on why I think people gamble cryptocurrencies than fiat.
Crypto gambling is unique at it's own too. I bet non fiat casino will offer you to bet 0.001 usd and so on, at least I have never seen such thing, bitcoin suits dice the most. On another hand anonymity is the most serious factor too, some people may have problem in jobs if they have any gambling history so with bitcoin casinos you protect your privacy and sometimes your win may rise or fall because of so changeable price.
Yes, I don’t think there’s any fiat casino that offers such amount to gamble. Fiat casinos are usually more expensive. Cryptocurrency gambling gives opportunity to everyone to be a partaker and the anonymity it gives is the reason many would always choose crypto gambling over fiat. I can’t even imagine myself involving in Fiat gambling but for cryptocurrency gambling, I think I e would really enjoy that.I think majority of people who play fiat gambling now are either not aware of cryptocurrency gambling or do not know how to go about it yet.
That must be a valid point. I have seen many people got into cryptos just for the reason of gambling (also many gamblers have shared only after cryptos they had turned as gamblers). When considering the advantages of gambling with cryptos, I am afraid in near future itself there will not be any more fiat based gambling as everyone will switch over to the "most comfortable" one. 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?
yes I agree with your statement but the people don't want to use facing the way of money making at all at any time because they need to explore any time that's why cryptocurrency is more addictive and also more impressive for the investor to get spend a lots of time here that's why the choice depends on the situation of investor.
Whoever thinks that bank transfers are faster than crypto and should educate himself. All of my banks need at least 12 hours to transfer money within the country and about 2 days to send money abroad. You can make it faster by paying a hefty fee. It costs 2 dollars to speed up the process. At the same time crypto fees are usually lower than 50 cents and need less than an hour to appear on your casino account.
Jump to: