Online casinos have become increasingly popular all over the world as players can find games anytime anywhere from the comfort of their homes with a few clicks of a button. And now, thanks to cryptocurrency, online gambling just got a lot safer, faster, and cheaper.
The Rise of Crypto Casinos
Online casinos are now accepting cryptocurrency which opens up the door for global players in any country in the world. The most popular cryptocurrencies accepted are Bitcoin, Ethereum, Bitcoin Cash, Dai, Litecoin, Dogecoin, USD Coin, Tether, and XRP. Casinos are choosing to go this route for a few reasons: security, efficiency, and lack of centralized regulations.
More crypto casinos lead to more choices for players and if you’re just starting, this can be quite overwhelming. Luckily some websites rank these crypto casinos based on thorough research and offer players transparency. For example, sites like CasinoTopsOnline conduct a thorough review before suggesting games to its online community. They consider the site’s license, the withdrawal speed of any bonus and promotional offers, customer support, and overall site reputation. Before ranking, they read every bonus term and withdrawal policy in fine detail, test and play each game, and evaluate the interface and user experience.
Benefits of Playing at Crypto Casinos
For online casinos, offering cryptocurrency was a no-brainer, but is it worth it for the player? Yes! Using cryptocurrency instead of other forms of money when gambling online is safer, faster, and even cheaper for the player. Many people turn to crypto casinos for their provably fair blockchain algorithms,
Safe and Anonymous
No personal information is gleaned when handling cryptocurrency protecting the user with anonymity. This can save players from hacks and identity theft. There are also fewer risks because crypto transactions are immutable. This means that once the transaction is recorded on the blockchain, it can not be altered or reversed, as explained in this Financial Times Blockchain Guide.
Also because cryptocurrencies are by nature decentralized, users don’t risk their accounts being frozen or taken away by a governing force. It is the player’s money and they can easily see and control their transactions.
Everything Is Faster
When using traditional currency at an online casino, you may have to wait days for your transaction to be completed in both directions. When you use crypto, everything is instantaneous, as this Forbes Advisor guide to cryptocurrency explains.
When you want to start playing, you can immediately fund your account and begin. After a few rounds, you can cash out and withdraw your winnings within seconds. Crypto casinos offer large withdrawal limits with shorter periods between transactions.
It’s Cheaper to Play
Online casinos that accept cryptocurrency tend to have lower fees than traditional online casinos. Also, there are usually no transaction fees since there is no middleman in a decentralized network. In some cases, your digital earnings will not be taxed. Be sure to check local tax laws, but mostly crypto remains unregulated in this regard.
The majority of crypto casinos offer a fixed rate for all their games meaning players won’t pay for each spin or bet. Most also offer sign-up bonuses and promotions.