Post
Topic
Board Gambling discussion
Re: Gambling with Fiat or Crypto?
by
ethereumhunter
on 13/01/2020, 11:45:09 UTC
Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.
I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges.

No, I cannot hide from the government because they will be suspicious of my bank account, and they will investigate me, and ask me where the money comes. That could be true that the exchanges will apply verification to avoid the illegal use of the money, and they want to help the government to prevent the bad thing that can come later. At that time, we can get trouble if we don't follow their rules, and that will make us cannot withdraw the money.