Two of the fastest growing industries in the world nowadays are playing at online casinos and investing and using cryptocurrencies as a means of payment.
The Online Casino has become one of the most popular means of digital entertainment, and has grown to become one of the most intriguing and high-end gaming sectors available globally to the public.
On the other hand, cryptocurrencies are making their way to the top of the world in terms of investment potential and utilization as a new, faster, safer, and more transparent way to make payments virtually. You can even use crypto to buy laughing gas and coffee nowadays, let alone depositing some money at a casino.
The two industries were bound to intertwine at some point or another, especially keeping in mind the fact that they are two of the flagship industries that have implemented the use of blockchain technology around them in order to increase transparency and improve the overall experience for their millions of users from across the world.
What advantages do players get when using bitcoin casinos?
Casinos that utilize cryptocurrency as a means of payment are rather unique compared to normal online casinos with standard payment methods. Getting informed about the topic is important as it allows you to make the best out of your betting experience and also increase your chances to win. It is recommended to turn to reliable guides that are available online that can provide in-depth information about the top bitcoin casino sites in the USA, how to register and play with bitcoin, the legality and safety, and the benefits of using bitcoin as a payment method, and specific bonuses and promotions available at the top online bitcoin casinos.
One of the biggest, most significant features that players love with casinos that accept crypto is the fact that they can gamble online anonymously, without having to insert any personal information, as all you would need to give is your e-Wallet address, and you can successfully deposit and withdraw. This sense of secrecy makes players more confident with placing their bets, especially if they don’t want to just give away any personal information to an unknown organization.
A standard online casino that does not utilize crypto has a wide range of payment methods available for deposits and withdrawals, however, there is one main issue with most standard withdrawal methods – and it’s that your winnings never appear in your bank account right away. Most of the time, players need to wait a few working days (somewhere between one and five,) in order to fully receive the money they had fairly won from the casino.
The utilization of crypto gives players the ability to withdraw funds from their casino wallet to their crypto wallet in a matter of seconds, not having to think or worry about their money taking too long to arrive or not arriving at all.
No More Unnecessary Fees
Most online casinos that have been utilizing standard payment methods have particular fees specific to certain payment methods, like PayPal fees. Both deposit fees and withdrawal fees are feasible when utilizing normal online casinos and this is due to additional charges that the payment method provider adds for the casino to be able to utilize it for their players. Some banking methods have a fixed fee, while others vary depending on the amount you want to transfer into or out of your account.
With crypto, your hefty and annoying transaction fees are gone once and for all. Since crypto transactions are amongst the most energy-efficient and cheap transactions to process, there is no need for any excessive fees that might be taken away from your casino-winning withdrawals.
Player Safety Reassurance
We know that bitcoin and other cryptos are relatively new in the financial world, having only been in the mainstream during the last couple of years. Even though countless businesses are doing whatever they can to somehow implement the possibility of cryptocurrency utilization amongst their methods of payment, some people are still hesitant to use it because of its “newcomer” nature.
Honestly, you wouldn’t blame someone for being a little extra careful with how they handle their funds, however, we can assure you that if the bitcoin casino you choose has a valid SSL certificate, it will be deemed as safe by the most advanced AI on the internet. This means that you have nothing to worry about when using crypto as a deposit & withdrawal method in an online casino, as long as the casino is marked as secure by your browser.
Another key factor to check for in terms of safety is the licensing and regulation that a casino has. There are a few countries that specialize in handing out licenses to trustworthy casinos in able to be able to operate in specific markets. These regulations ensure fairness towards the player while reassuring them that there is no possible way that they could get scammed.