Perks of Crypto Casinos
Online casinos support various payment methods, including credit and debit cards, e-wallets, and pre-paid vouchers. As a result, it is fairly easy to find the best payment methods at slot sites.
However, one system with a lot of advantages is cryptocurrency.
Peace of Mind
Whether you make your crypto by getting paid that way, mining, or even staking it there have never been more ways to use crypto. Paying, getting paid, spending on retail, and online casinos are all avenues to explore with Bitcoin, Litecoin, and other types of crypto. However, crypto casinos do bring certain benefits, and one which applies to the entire gamut of activity using this type of money is peace of mind.
While casinos do usually have very robust security, some people do feel nervous about entering personal details such as card numbers and banking information. Using cryptocurrency removes the need for this, while still enabling easy access for both deposits and withdrawals. In addition, the system (being so generally useable) does not require funds to then be shifted to or from your crypto wallet to a bank account. Online security is a serious concern for many people, and cryptocurrency is famous for both its anonymity and its high degree of security.
Finding the Best Online Casinos
Another benefit of cryptocurrency is that it’s available everywhere and can be used for betting in most countries (one notable exception is the UK, although it’s possible to use crypto via e-wallets in such a circumstance). The downside of this proliferation of sites is that it can be a bit mind-boggling to consider the huge array of places to play, but there is an easy way to quickly find the best online casinos. Our link lists many of the best casinos on the planet that boast an assortment of fantastic slots, table games, and other diversions. Just as importantly, they have a strong and trusted reputation, and newcomers can often benefit from sizeable introductory bonuses. It’s a lot quicker to browse a shortlist compiled by experts than to trawl the internet for hours on end.
Convenience and Bonuses
As just mentioned, promotions for newcomers (and recurring bonuses for regular players) are very much a fixture of the online casino world. However, not all banking methods are equal. Because crypto comes with far lower associated costs for casinos this means many promos (such as match deposit deals) can only be taken advantage of when using cryptocurrency. In addition to that, the lower associated cost is also a benefit for moving money both into and out of online betting sites as crypto usually has no or very low fees attached. Other methods, such as Visa and Mastercard (and especially old-fashioned bank wires) can have altogether heftier fees that bite a chunk out of your profits.
Crypto financial transfers are also the fastest out there, with instant deposits and withdrawals just as fast. Major cards can take up to 5 working days to complete a withdrawal process, and bank wires are even longer. Nothing’s more frustrating than tapping your toe waiting for money to migrate from a casino to your wallet, and crypto is the quickest way to make this happen.
Volatility – the Two Way Street
Volatility can be a pro or a con but it’s a well-known phenomenon that should be kept in mind when betting with crypto. This matters most to those who like to shift money from crypto into fiat currency. Because Bitcoin and other types of crypto are so inherently volatile compared to pounds, dollars, or euros this can either increase or decrease your withdrawals pretty substantially. It’s always wise to keep an eye on what your preferred type of currency is doing and don’t be afraid to leave it in the casino if you want to wait for a better rate.
Exclusive Sites and More Choice
There are some online betting sites that only accept cryptocurrency (primarily Bitcoin but others such as Litecoin and Dogecoin as well). In addition, many traditional online casinos have added, due to increasing popularity, crypto to their supported banking methods list. What this means is that crypto casinos offer one of the broadest ranges of gaming options. Even sites that don’t actually allow crypto can be used, provided you don’t mind using e-wallets as an intermediary step. And it’s even possible that crypto could become the most widely accepted form of online casino payment if the metaverse really kicks off.
Enter the Metaverse?
The metaverse (or metaverses to be more accurate) has just started to get going and it remains to be seen whether this will be a niche fad or a huge deal. However, plenty of big companies (including no less than Facebook) are pushing the concept hard. Metaverses are shared online worlds, and the first metaverse casinos have already started doing business. A critical difference between these and regular online casinos is that for the latter crypto is usually one among many different types of supported banking methods, whereas in the metaverse cryptocurrency and NFTs (non-fungible tokens) are the primary way of handling money. This means cryptocurrency can be used at both ordinary and metaverse casinos with no problem at all. And if you like eGaming as well as iGaming, NFTs can be used for that as well.
Cryptocurrency is increasingly available at online casinos, and is even the exclusive payment method at some. No system is perfect, but crypto comes with plenty of perks.