Going with the novelty option is not something that everyone is comfortable doing, but when it can directly impact how much money you make, in what form, and how safe you are while doing so, it is a no-brainer.
In the ever-expanding world of online gambling, it is prevalent that every gambler thinks about their personal and financial information, but also who they trust with their hard-earned money and time.
While there are countless casinos out there right now, the best option to go with is those that accept cryptocurrencies as payment. Read on to learn why.
There are many different types of crypto casinos, but one thing that makes them all equal is the fact that they accept virtual currencies like Bitcoin (BTC), Ethereum (ETH), and others for deposits and withdrawals. These platforms are newer, better, safer, and faster than traditional options and present the best opportunity for fans of online casino gambling to play their favourite games, have fun, and stay protected while doing so.
They are also the best possible option if you already own some crypto because the platforms allow you to win more and expand your portfolio. Earning crypto is never a bad idea because it increases in value over time and is a valuable commodity you can use elsewhere. Equipped with extensive safety and security measures, and with very small additional fees, they should be the obvious choice for every player.
First and foremost, it is about the infrastructure on which crypto casinos exist, i.e., the blockchain. The fact that they accept BTC, ETH, LTC, and other altcoins means they need to be built on blockchain websites, which are sturdier, faster, more capable, and best of all, decentralised. This means that there is no government oversight of any kind, and no banks or other bodies or third parties are overseeing it. And on top of it all, gambling platforms of this type have larger game libraries with the best publishers and developers like Hacksaw Gaming, for example.
Usually, with regular casinos and traditional payment options like credit cards, internet payment systems, or bank transfers, the body/company that allows it takes a certain percentage for every transaction. Sometimes, it is minuscule, but more often than not, it is noticeable. With decentralised networks of blockchain and crypto, this is a thing of the past. Another big advantage is the speed of transactions, as your deposits and withdrawals will go through in seconds, as opposed to minutes or, in some situations, days. This enhances the experience and makes gambling easier and more optimal.
Anonymity is another big advantage that is lacking with traditional online gambling platforms. Blockchain works in a way that protects the users’ personal and financial information by only needing the address of their electronic wallet and nothing more. Sure, you still need an account for the casino itself, but the crypto cannot be traced back to you like credit cards or PayPal can. Anonymity is important for gamblers. At the same time, every transaction can be looked at in the ledger of the blockchain, which adds a layer of transparency that is lacking with many websites these days that could be shady despite not looking so.
Here are some quick and informative frequently asked questions about crypto casinos:
1. What is a crypto casino?
A crypto casino is an online gambling platform that lets you play games using cryptocurrencies like Bitcoin instead of regular money. It offers faster, cheaper, and more private transactions.
2. Are crypto casinos legal?
This greatly depends on where you live. Some countries allow them while others do not. There are those working on it and changing their regulations and legislation. Always check your local laws before playing.
3. Why use crypto at a casino?
Crypto offers fast payments, low fees, more privacy, and sometimes even special bonuses or rewards. Cryptocurrencies are valuable commodities, and using them for gambling allows one to obtain more.
4. What does “provably fair” mean?
It means you can verify game results using cryptography and prove the casino did not cheat. This is another big advantage over traditional platforms.
5. Are crypto casinos safe?
They can be and usually are, especially if licensed and reputable. Look for user reviews and ratings, security features, and transparency before playing. Always go with proven platforms.
Gamble Responsibly: Gambling should be enjoyed as a form of entertainment, not a way to earn money. Always gamble within your financial means and set limits to stay in control. You must be 18 or older to participate in gambling activities. If you or someone you know has a gambling problem, seek help from organisations like FEJAR (Federación Española de Jugadores de Azar Rehabilitados) at www.fejar.org. Stay safe and gamble responsibly.
