Digital currencies have been in circulation for more than a decade now. And casino players also realize that cryptocurrencies are becoming an additional payment methods in casinos. Some casinos accept cryptos instead of traditional methods, known as crypto casinos. These crypto casinos also provide slots, table games, cards & more with crypto payments. This crypto & casino combination is increasing online gambling players as crypto investors are also moving toward the casino industry. Even the online casinos are becoming crypto because of their popularity. Also, people who have done betting using fiat currency are not moving to use bitcoins or any supported cryptos. So we need to know why this is happening, so we have listed below 5 valid reasons crypto casinos are growing in popularity.
Fast Transactions
If you have played at traditional online casinos or betting sites, you will know how tedious it will be to wait for your winning amount. The standard time to receive your money from the casino to the bank account is 3-5 days. So the online casinos that handle cryptos are becoming refreshing change. But to know which casinos allow crypto payments, you must go through the casino gurus that are legit and provide unbiased information.
Anonymity & Security
Many times like apartment renting or applying for credit cards; we require the bank statement to proceed further. But if you have a casino payment history in your bank statement, then you may get rejected. In cryptocurrencies, all the transactions are anonymous and don’t reflect in your bank account. So, either you deposit or withdraw, everything happens anonymously. Even crypto casinos can’t identify you as the transactions happen through a unique address, not your name or id. That’s why nowadays, bettors prefer crypto over fiat money.
Decentralization
Cryptocurrencies works on blockchain technology. Blockchain technology is decentralized, so the transactions stay between sender & receiver; no central government body like a bank can control it. This helps casino players not interested in performing complex bank account setups to play games at the casino. But in crypto casinos, just a wallet address is required, with no bank verification or paperwork. You can also check your transaction in real-time on the blockchain, so there is no need to go & find the bank statements like traditional payment methods.
Freedom
The restrictions come as per the casino or country rules whenever you use a specific fiat currency, say USD. Some countries also restrict your play when you use a particular fiat currency. You may have to use the currency as per your location. But crypto is not specific to any country & offers geographical freedom. Also, when the casino accepts cryptocurrencies, they not only accept just one crypto, i.e., Bitcoin but give other options such as Dogecoin, Litecoin, Ethereum & more. One such casino is CryptoWild, which accepts multiple cryptocurrencies to make the transactions easy. To know how its deposit & withdrawals work, you must read the CryptoWild casino reviews online & gather everything about it.
Best Bitcoin Casinos & Crypto Casino Games are some points:
1. Are the Best Bitcoin Casinos Instant Withdrawal Friendly?
This depends on the Bitcoin casino site of your choice, but if you typically withdraw money using Bitcoin or other cryptocurrencies, you will probably get your money right away.
2. Can I Play Online Casino Games Using Cryptocurrencies Other Than Bitcoin?
Of sure, I say. The use of altcoins has already gained popularity among many online casinos. Other well-known cryptocurrencies that are accepted by online casinos include Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Tether, and Doge.
3. Can I Use Cryptocurrencies to Bet on Sports?
You can, indeed. You may wager on sports with bitcoins on several different websites. One of the top casinos for sports betting is Betway Casino.
Better Offers & Bonuses
All the casinos showcase welcome bonuses to attract new players to their platform. These bonuses can go up to $1000 or Euro or Pound as per the country. But crypto casinos offer up to 5 BTC bonuses, a hundred times more than fiat. So even if you won’t be able to deposit the larger amount, you can still receive decent bonuses in crypto.
As you read above, casino players are getting many benefits because of cryptocurrencies. So, the demand for crypto casinos increased among the players, which automatically led to growing global popularity.
