Every year the number of online casinos with bonuses that support cryptocurrency increases. This is due to the desire of customers to receive large amounts of money while maintaining anonymity. The use of cryptocurrencies provides several other advantages that you should learn in order to take advantage of modern innovations in time.
Cryptocurrency has become one of the leading ways to serve a wide range of areas, including the iGaming industry. Gambling has become one of the most promising vectors for the application of digital currency. Today, almost 50% of all transactions in the virtual gambling business are conducted with bitcoins. Modern casinos around the world are connecting crypto to payment instruments and narrowly focused cryptocurrency platforms are being launched.
What Are the Advantages of Cryptocurrency Casinos?
Operators accept bitcoin for several reasons besides the fact that it’s on-trend. Crypto-casinos have several advantages over online gambling platforms that only accept national currencies. Accepting bitcoin is smart because the currency is:
- Speed of disbursement. This point is due to the fact that all transactions take place only between the club and its client, without the interference of the government, the central bank, or other financial institutions.
- Confidentiality. Thanks to the use of blockchain technology, it becomes impossible for unauthorized parties to obtain personal data.
- Security. Cryptocurrency casino games guarantee the absence of problems with the law and tax services. Also, conducting hacking attacks on cryptocurrency wallets is a very costly and even pointless process. But the owner himself can track the movement of his funds very easily because the wallet keeps a thorough history of receipts, transfers, and deductions.
In terms of choice of games, there are almost no differences between crypto- and regular casinos. The number and types of games, of course, vary from one bitcoin casino to another.
Playing for bitcoins and other digital currencies is available in the most popular casino games. The selection of games in each casino is different, so before you register it is recommended to study the list of available games and make sure that there is what you want to play.
How to Choose the Best Crypto-Casino
The list of best crypto casinos find in site https://crypto-gambling.io/. There are several criteria based on which you can choose the best crypto casino to play at:
- Make sure the casino supports your favorite games. Just like the choice of cryptocurrencies, the choice of games can vary from casino to casino. Check if the casino supports the providers you are interested in and their games, or at least offers some alternatives.
- Familiarize yourself with the casino’s rules. Although we are talking about crypto casinos, some of them may come across unfavorable conditions for the player. For example, not all crypto-casinos allow you to play anonymously.
- Find out if the casino accepts players from your country. Sometimes crypto casinos limit the list of supported countries, which can be a problem for you at the withdrawal stage.
- Check out the reviews of other players online. Since crypto-casinos are not regulated, a high reputation is the main guarantee of their reliability. Of course, players are not always in a hurry to leave flattering reviews if everything is going well, but rest assured, they will trash the casino if they encounter fraud or other dishonest practices.
Popular Cryptocurrencies in Crypto-Casinos Online
You can find many online casinos where there is a chance to deposit in several digital currencies. Each of them has its own advantages and disadvantages. It is important to understand their features in order to choose the one that suits you best.
This is the first and currently the most common cryptocurrency in the world. You will find BTC in most cryptocurrencies and on all exchanges. However, its pioneer status suggests that BTC is inferior to later cryptocurrencies. Bitcoin transactions take about 10 minutes, and fees can increase dramatically during periods of high traffic. Overall, BTC is a good choice for those who already have this cryptocurrency and make large enough deposits to neglect fees.
Litecoin is much better suited for casino deposits. It provides faster transaction processing, while commissions usually do not exceed a few cents. It’s also one of the first cryptocurrencies, so it’s very easy for you to buy and sell. Like BTC, it is highly secure and is accepted by almost all the best cryptocurrencies.
The original smart contracts platform also has its own cryptocurrency. It is now the second largest cryptocurrency in the world, which explains its prevalence in crypto casinos. Deposits are fast, but commissions can be tangible if you make transfers for less than $100. This platform is used by many decentralized casinos, so you probably can’t do without its own cryptocurrency when playing at such casinos. If you play at a regular crypto casino online, it makes sense to consider alternatives from the list provided.
Many players have reasons to prefer meme-cryptocurrency. Doge casinos deposit and withdraw quickly, while fees take almost nothing away from the transfer amount. Although it is a joke cryptocurrency, Doge-casinos are among the best gambling sites and often even outperform traditional online casinos in terms of transaction processing and game availability.
Ripple casinos, like Doge-casinos, have become widespread among players due to the cryptocurrency’s inherent advantages. Transactions are processed in seconds and cost almost nothing. However, you may come across the fact that Ripple casinos do not feature all games. Usually, such casinos focus primarily on live games. Users need to consider this factor before making a deposit.
Crypto-casinos are completely legal whereas cryptocurrencies are legal, that is, almost everywhere. An important advantage of cryptocurrencies is their anonymity, so crypto-casinos can accept players even from countries where gambling is usually prohibited. If you are unsure whether cryptocurrencies are allowed in your country, check your local laws. It is also a good idea to check the list of banned countries in the casino itself if any.