The field of virtual money or cryptocurrencies has reached record levels in recent years. Bitcoin, Ethereum, Dogecoin, SHIBA, Polaris… The names of these cryptocurrencies are ones even your aunt has probably heard of.
For the most part, cryptocurrency involves buying and selling it in order to make money. Also, many people buy cryptocurrency and keep it for years because they know it will rise in value. And for what reason should it do so? Simply put because in real life it is being used more and more. For example, the NFT (Non-refundable token), which is a digital image, a piece of art belonging only to one person, is very popular now. Like Leonardo da Vinci’s Mona Lisa, it has hundreds or even thousands of copies, but only the first version is admirable. Cryptocurrency is also involved in the purchase of virtual real estate. In this century, people are paying money for all sorts of unusual things associated with the phrase Meta Verse.
Do you know where else the cryptocurrency industry is thriving? Online gambling. At the moment, virtual money is accepted at many gambling sites.
Cryptocurrency has a number of advantages, such as greater anonymity, security, speed of deposit and withdrawal, cost effectiveness and so on. We will discuss these in more detail later in the article.
What to look out for when choosing a crypto casino
A list of important factors to help you decide on the most suitable cryptocurrency resource:
- protection and privacy;
- Availability of licenses;
- payment speed;
- bonus offers;
- professional reviews;
- Recommendations from simple players;
- Recognition in the cryptocurrency ecosystem;
- Availability of provably fair algorithms;
- interactive experience and visual impression;
- Cooperate with well-known gaming software providers.
The first point is mandatory and uncompromising. Virtual casinos should protect users’ funds to the maximum extent possible. The same applies to their personal data, even if it’s just an email address. Avoid cryptocurrency casinos that “fail” at this time.
A license ensures that bitcoin casinos are honest with their players. This allows you to ensure that all operations on resources are legal. It also shows that the creators are serious about their business and won’t let the reputation of the place suffer.
Fast deposits and withdrawals are an undeniable advantage of any gaming site. No one should care when or why you want to transfer bitcoins from one account to another. It is worth looking for portals that are not slow to process cryptocurrency transactions.
Bonuses not only motivate players, but also help save money. Healthy competition forces virtual agencies to develop new promotions and improve old ones. Sometimes, rewards programs offer good value to users—of course, this shouldn’t be overlooked.
Feedback from others is never superfluous. Consider the opinions of gaming experts and newbies confused by the withdrawal system. They’ll help you avoid unnecessary stress and prepare you for pitfalls. Learn to distinguish constructive comments from paid advertising comments so you don’t regret your naivety.
Awareness of ecosystems overlaps with the previous points; the only difference is global. For example, a gambling site would stand out if it was a Silver member of the Bitcoin Foundation. Philanthropy, early adoption of cryptocurrencies, large community — be aware of these aspects of online portals.
Anonymity and security
If you’ve ever played at a regular online casino, you’re bound to know that such a place doesn’t seem completely anonymous. Such companies ask customers for credit card details as well as information about the player himself – name, last name, personal ID number and address. Of course, these casinos are safe as by law they cannot give your details to third parties, but there is no real trust in them.
Also, online casinos that only work for real money require a deposit from your bank account. A gambler can never know if there will be a need for credit in the future to buy or pay for a car, a house or any other goods and services. If your credit history includes recent gambling-related activity, the money will not be given out 99 out of 100 times.
Cryptocurrency and the casino that accepts it can provide the player with complete privacy. You can forget about long and tedious registration forms because cryptocasino does not require a lot of information.
Speed of funds accrual and withdrawal
Many online casino players complain about long deposit and payout times. The most frequent complaints are about long payout times, which is understandable – we all want to get our money quickly. At online casinos, payout times vary widely from 10 minutes to a few days or weeks. If a player wins a large amount, the payout takes longer. Meanwhile, cryptocurrency transfers happen within minutes as there are no third parties involved – no matter how much is won or what day of the week the money was requested.
Play from anywhere in the world
You may not have known this, but gambling is illegal in some countries. In Bangladesh, the United Arab Emirates, Taiwan and Indonesia, for example, gambling is strictly illegal, which means locals can get into big trouble if spotted gambling. Meanwhile, with cryptocurrency, these players can do whatever they want because virtual money cannot be traced.
This can also be useful for people who want to play in a foreign casino, where the types of deposits, withdrawals or even currencies desired are not available. With cryptocurrency it’s much easier – Bitcoin, Ethereum or other cryptocurrency is international.
The bonuses are even bigger!
Because online casino sites with cryptocurrency can avoid paying various fees, they save a lot of money. If a company saves a lot of money, it means it can offer its customers bigger bonuses. As for casinos, they offer bigger bonuses for dating, better loyalty programmes and other surprises.
From a player’s point of view, it’s important to get regular and juicy bonuses because they allow you to make easy money. And bonuses are not so disadvantageous to the service provider itself, as they attract new customers as well as retain existing ones. A happy customer will always be a loyal one.