Keen casino watchers will no doubt have realized that there is a large, and growing, number of crypto casinos now among the options for fans of slots and table gaming. What some people may not realize is that crypto casinos are far from a new thing. Some of the bigger names in the market have been providing games for crypto customers for close to a decade now, and their ability to move with the market has meant that they remain in powerful positions within the sector.
However, one thing that is clear is that there are more such casinos around because the popularity of the concept is growing. More and more players, including people who for years have bet with fiat money, are now looking at the possibility of using Bitcoin, Ethereum and Litecoin among other coins for iGaming purposes. What we need to know is why this is happening. And it seems that there are at least a few valid reasons for this expansion of popularity. The following are some of the most persuasive.
If you’ve played much at conventional casinos and sports betting sites, you’ll know how the pleasure of winning can be tainted by the delays in getting your hands on what you’ve won. As a standard with fiat currencies, casino payouts can take between 3 and 5 days to end up in your bank account. Even the use of ewallets only marginally decreases the waiting period, so the advent of real money online casinos handling crypto has been a refreshing change. Depending on the coin you are using, transfers can be done in the blink of an eye, meaning you have control of your winnings within moments of them being won.
Anonymity and secrecy
There are few major transactions you can make these days without filing a lot of paperwork. Even renting an apartment or applying for credit can mean you’re called upon to provide bank statements covering a set period. Thanks to a negative portrayal of casino gaming, some providers raise a red flag when they see betting companies on a bank statement. If you, perfectly normally, want to retain some sort of immunity from scrutiny, then betting anonymously is a strong and persuasive offer. Crypto casinos will only ever know you by a pseudonym, and your transactions will be known only to you. It’s not hard to see why bettors like this way of doing things.
When you bet with fiat currency, you’re accepting a welter of limits on how you play, where you play, and how much you play in a lot of cases. There are some excellent casinos out there where you simply can’t be a customer if you’re betting with dollars, sterling or Euros. If a casino will take deposits in crypto coins, however, you’re able to play from a much wider range of locations. It’s not just geographical freedom, though. At a fiat currency casino, you can only bet using the currency of your host location. More and more crypto betting sites are accepting an increasing number of altcoins. If you’re not into Bitcoin, then there’s still a huge range of Ethereum, Dogecoin and Ripple casinos you can go to instead.
All casinos offer special bonuses to their new players, allowing them to make the most of the games on offer. However the most generous of these offers will usually cap the amount you can redeem, and at the highest it’s usually $1000 or the equivalent in pounds or Euros. The top-level crypto casinos are offering far more than that – with some promising to match deposits to as high a level as 5 BTC; that’s about a hundred times more generous than the most lavish fiat-currency bonus. Even if you don’t deposit close to that amount, you have much more scope for a significant bonus than you do with a standard casino.