Crypto vs Fiat

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Last post made 2 years ago by WButler89
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  • Hi! 

    Recently there has been a rise in the crypto gambling sector.

    Which of these options do you personally pref?

    Crypto vs Fiat

    Do you like to deposit Fiat wait for long periods of your withdraws? Doing KYC sending out tons of documents and filling forms? Reversing your cashouts?

    Or you have moved to crypto deposits and pretty much instant withdraws?

    Share you experience!

     hysterical

  • Always crypto, simple, fast, and easy smiley

  • I agree with you Bixy. Crypto is fast and easy and always my option. heart

  • I switched from Fiats to Crypto last year. Best decision I ever made. I think many more people out there have had a similar situation like can't let their anexity/adrenaline rush wait for the withdraws and reverse them + many more issues waiting to get ur withdraws, like withdraw limits per week or month. The Fiat casinos do everything in their power to force you into a bonus, wager reqs, long audits, stalling to pay you - all that to take a chance on you busting ur withdraws. I can confirm that I have lost over half a million dollars simply by reversing my cashouts that do not get paid instantly.

    Minus on the crypto side is that the depos and withdraws are pretty much instant therefore u can simply deposit ur coins back in a sec after u receive them, but it's still better to have your funds in your wallet even for a minute - that will make them see real and the chance of tanking them back in is smaller.

  • Crypto seems to be the way to go. It still needs wide adoption and real utility ( ie to be used to pay for stuff ). I believe once the biggest companies like amazon and apple start taking crypto payments, that would be the game changer and fast track to mass adoption.  By then all online casinos would have to be crypto friendly and we will see more and more crypto only casinos.

  • zuga wrote:

    Crypto seems to be the way to go. It still needs wide adoption and real utility ( ie to be used to pay for stuff ). I believe once the biggest companies like amazon and apple start taking crypto payments, that would be the game changer and fast track to mass adoption.  By then all online casinos would have to be crypto friendly and we will see more and more crypto only casinos.

    You can buy a lot of stuff with crypto already. Tesla is testing direct dogecoin payments currently.
    Also exchanging crypto to fiat is pretty easy. With around 15-30 minutes of self education one can make it clear.
    To top the cake with a cherry, I think binance offers a card which you can spend ur crypto to do ur everyday shopping. Also I've seen other places as well. Information on binance card - https://www.binance.com/en/cards/.

    So basically you can just keep all ur coins on binance and pay directly with crypto balance.

  • I definitely prefer crypto, it's superior in terms of casino banking IMHO. It's faster, much easier because I don't have to worry about country restriction for payment services and if I'll be able to process casino transactions to regular methods. And for the most part, I don't have to go through tedious verifications, although it seems even crypto casinos now require documents.

  • Couldn't have said it better my dude! I mean I  just started getting into slots but it's a no-brainer. Any good one's you know?

  • Crypto better that Fiat!!! Fast, Convenient, Easy when it comes to deposit and withdrawal fro  your favorite online casinos.

    I haven't used Fiat in a long time when making deposit or withdrawals.

  • What's the longest crypto withdraw time you guys had depending on service provider not blockchain issues?

  • I haven't used crypto like payment tool into online gambling, but I know that Bitcoin can be used to pay for many things in the world, from education to pizza or burger. High fees and low transaction speeds have recently been an issue with cryptocurrency payments, but new platforms are helping to get around this hurdle in many ways

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