Fiat vs Crypto Casino Payments: Which Is Better?

The online gaming industry is always moving forward. Whether it’s a new game type, feature, or a payment method, online casinos never fail to surprise. In the past few years, there’s been a heated debate on the topic of fiat vs crypto casinos. More and more gaming platforms accept crypto casino payments, bending to the will of the people while using the blockchain to enhance their platforms.

BetPlays supports both sides, giving players flexibility to choose what they prefer. Our platform only accepts trusted and the best casino payment methods, including Bitcoin and Ethereum. Which side is the better option? We’ll break it all down in our fiat vs crypto casinos guide so you can see which payment method suits your style.

What Are Fiat Casino Payments?

Fiat payments refer to the type of currency involved in transactions. In this case, it’s fiat money currencies such as USD, CAD, EUR, GBP, and more. This is the default payment methods at most casinos, including BetPlays. Most players go with fiat casino payments for deposits and withdrawals as they’re convenient, fast, secure, and most importantly, familiar to most players.

The most common fiat money casino payment methods are bank transfer, debit cards, and e-wallets. Prepaid vouchers are getting popular as well. All these options are widely accepted, and compared to crypto payments, they’re stable. This means no volatility to worry about. Backed by banks and financial institutions, fiat money transactions remain the favorite in this battle for most Canadian players.

What Are Crypto Casino Payments?

Crypto casino transactions are the new kid on the block. They’re an anti-thesis to the global financial system, based on a completely platform than fiat money payments. Popular cryptocurrencies such as Bitcoin and Ethereum are widely used at crypto casinos. They cut back down on processing times, while eliminating financial institutions from the process as they’re decentralized.

At BetPlays, players can use a range of cryptocurrencies for instant deposits and withdrawals. Bitcoin, Ethereum, and Tether are available for all players, providing flexibility between cryptocurrencies and stablecoins.

A major reason why players love to join crypto gambling sites are the anonymous transactions. With BTC, ETH, or USDT, you won’t need to share your bank details or financial data, automatically making them much safer to use.

Fiat vs Crypto: Key Differences

The key differences in the fiat vs crypto debate are fundamental. In essence, both differ in terms of payment speed, availability, volatility, and even regulation and security. While traditional fiat payments rely on banks, Bitcoin casinos process transactions on the blockchain. This drastically lowers processing times, while offering full transaction anonymity.

Check out the table below where we highlight the differences between fiat money and crypto gambling sites.

Try fiat and crypto payments at BetPlays – deposit with each option and see what works best for you.

Which Is Better for You?

Fiat money casino payments have been used for real money casino games ever since online casinos first launched. Crypto casino payments are a newer alternative, but one that’s already growing on players. The fiat vs crypto casinos debate is heating up, and players are already divided in two groups.

If you’re just starting out at BetPlays and don’t know what to go with, keep this in mind. Fiat is the better pick for players who want simplicity and stability. You can use your trusty Visa card for effortless deposits and withdrawals, which is almost no different than shopping online.

If you want anonymity, faster transaction times, and private play, cryptocurrencies are the better choice. At BetPlays, you can use Bitcoin, Ethereum, or Tether for your convenience, with a simple deposit process that maintains anonymity.

Conclusion

In the end, choosing a side in the fiat vs crypto debate is down to you. We already mentioned what works best for what type of player. We invite players to test both payment methods safely while playing the top slots and casino games at BetPlays, then make a decision.