This is How Crypto Casinos Utilise Cryptocurrencies

The online gambling industry has made tremendous advances in a relatively short period of time. Recently, the cryptocurrency and blockchain boom has taken the gambling industry by storm by bringing to the table an array of benefits that are not currently available at traditional fiat online casinos.

Crypto casinos are now quite common and considered to be a modern alternative to traditional fiat currencies. Players have better control over their funding, more power, and frankly a better and fairer experience.

In recent years, the gambling industry has been undergoing an identity crisis, where players feel like they have been taken advantage of by the outdated gambling platforms they use. This is where crypto casinos bring a much-needed change.

A high degree of anonymity of privacy

If there is one thing that crypto casinos are really good at is in ensuring that no one can track where or how you spend your hard-earned funds. Many players are not keen on having their online gambling activity tracked in bank statements. Very often, banks might also not approve loans for fear of borrowers spending it on gambling. 

This problem has also led to a rise in e-wallets on the market, but with high fees and long verification processes, players are looking for added safety via blockchain technologies.

At a crypto casino, you are the only one who will know where your money is going. They also allow you to gamble anonymously, without having to share any excess information. Not only will you be able to protect your finances, but most importantly, your identity will never be tied down to your cryptocurrency account.

The benefit of exchange

One of the main changes that cryptocurrencies bring to the table is the ability to use them for carrying out transactions. Many gambling sites accept a good range of cryptocurrencies, such as Bitcoin, Bitcoin Cash, Litecoin and Ethereum and offer special deals for crypto users. For example, casinos that accept both fiat and cryptocurrencies will often run special promotions for crypto users only. Very often, these entail various free spins deals, special match deposit bonuses and cashback.

While cryptocurrencies are also highly volatile, this volatility tends to pay off in the long run for many users who will either leave their cryptocurrency in their wallets to increase in value or convert it at a more opportune moment. Players see cryptocurrencies as beneficial as when PayPal was added to the long list of payment methods. Both offer quick deposits and withdrawals, but only one gives you anonymity.

By opting for a cryptocurrency payment gateway, many online gambling sites have opened up their digital currency-only offerings globally without having to fret about the various fluctuations of fiat currencies.

The convenience factor and speed

Without a doubt, crypto casinos have made it easy to make quick deposits and effective withdrawals without having to wait for days on end for the funds to land in your bank account.

Players who are not too keen on waiting around for a cheque in the mail or a credit card to process without definitely appreciate the speed and the convenience factor of cryptocurrencies.

For crypto casinos, this speed cuts down on the unnecessary processing times for both deposits and withdrawals. On the other hand, players can also put their minds at rest that their withdrawals will reach them quicker than conventional methods. At the same time, they are free to exchange cryptocurrency for traditional fiat currencies and vice versa.

Top-notch safety and security measures

The online gambling industry has a long history that has been hampered by theft, fraud and manipulation. The emergence of blockchains has helped to keep money trails in check. Since blockchains can be created anonymously and due to their decentralised nature, it makes them extra safe and secure.

As a result of these blockchains, no crypto casino site can be hacked and neither can the games be tampered with.

Provably Fair Games

A new and recent concept is the availability of provably fair games. Many players have, at some point or another, suspected that the casinos are rigged or that maybe the games were tampered with. Casinos claim that all games use a random number generator to produce fair and impartial results, but players were until now, unable to prove so.

This has all changed with the availability of provable fair casino games. While not all crypto casinos have them and they are not available in their hundreds, players have the option to verify the results of every spin of the slot reels to check if it is indeed fair.

What's in it for the player?

Crypto casinos bring with them a plethora of benefits. For starters, most online casinos need a valid gambling licence in order to operate in a market. If you are based in a country where gambling is not permitted, very often you have the option of gambling at offshore crypto casinos. There is nothing illegal about this as most laws don't cover offshore gambling.

Most crypto casino sites are licensed and regulated by the Curacao Gaming Control Board, so players can still benefit from a safe and secure gambling session. Players can opt for various cryptocurrencies to make deposits with minimal fees.

The majority of crypto casinos also have thousands of gaming options available on their platforms, including thousands of online slot games, jackpot games, RNG card and table games, live casino games, instant-win games and much more.

Players can also enjoy a high degree of anonymity without having to divulge excess information. Furthermore, you can take advantage of various casino bonuses and promotions and instant payouts.

There are hundreds of reputable and trustworthy crypto casinos available out there already that are willing to provide players with a smooth and hassle-free experience. They go a step further by providing special bonuses for crypto users or giving them something a little extra. Players who are looking for fast play and low fees will appreciate an alternate and improved gambling experience.

Chatbots are available on hand to answer various questions you may have in a time-effective manner, without having to wait for a customer support team member to become available.

As crypto casinos keep on increasing in the online gambling market, they will keep attracting the attention of large corporations which will ensure that crypto casinos will keep on blossoming. While cryptocurrencies are still relatively unregulated, players can enter a world of entertainment with ease without missing out on any of the games found at traditional online gambling sites.