iGaming Glossary / Fiat
What is Fiat?
Traditional government money such as euros, as opposed to cryptocurrency.
Fiat is everyday government-issued money such as euros, dollars or pounds. The term is used at casinos mainly to draw a line between traditional currency and cryptocurrency. When a site says it accepts fiat, it means normal cards, bank transfers and e-wallets in national currencies.
Why it matters: fiat payments are familiar, widely accepted and protected by consumer rules and chargeback options that crypto usually lacks. For most players, depositing in fiat is the simplest and safest route.
The trade-off is that fiat deposits can be slower to clear and may need more identity checks than crypto. Many casinos now support both, so you can pick per transaction. Our payment methods guide compares fiat and crypto options.
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