Have you heard about cryptocurrency? Surely you will have heard of Bitcoin, which is the most recognized cryptocurrency, which began to spread around 2009. Bitcoin is the most used by companies for online and conventional electronic commerce, in its various transactions.
But the only cryptocurrency is not Bitcoin, there are also Ethereum, Cash, LiteCoin, NEO, Qtum, Ripple, NEM, IOTA, Dash and Monero, among others, which are also used in different sectors and, obviously, in some casinos online line.
Cryptocurrency emerges as theexcellent solution for online casino.
The evolution of online casinos after the advent of Bitcoin
Bitcoin and the cryptocurrency have revolutionized the online casino industry
It was not easy for online casinos to become the big industry we know today. Along the way, they met great obstacles, mainly with the mechanisms to effect their transactions: blocking of their bank account, blocking of payments effected via credit card and very high commissions that ended up damaging the users who dared to try this form of i play
The cryptocurrency has appeared with all the characteristics to be the solution to this problem. It was 2016 when a large number of online casino platforms adopted Bitcoin as one of their own deposit and payment methodwhich has brought advantages and facilities to operators and users to carry out transactions.
Currently, casinos and online betting are some of the sites where a significant percentage of cryptocurrency transactions are carried out, beyond 45%.
Advantages of using cryptocurrency as a payment method in online casinos. There are several advantages to using cryptocurrency for bet on roulette or blackjack and, even better, for take the win che ottieni when you win a good jackpot on a slot machine.
We can cite three very important ones: privacy or anonymity, the agility of transactions and the low cost of commissions.
In the case of a transaction without a bank intermediary, to use the cryptocurrency it is not necessary to provide your personal or financial information, which will keep you completely anonymous.
On the other hand, when you use cryptocurrency to make a deposit in your casino, this will be reflected immediately in your account. In the same way, when you want to withdraw your earnings, you will be able to use them in a few minutes.
Other payment methods can generate high costs for casinos and users for fees or currency exchange, in particular those related to financial entities. Eliminating the intermediary, you will carry out the transaction directly with the operator and the commission will be lower.
In which online casino can you use cryptocurrency as a payment method?
There are 3 types of online casinos in which it is possible to carry out various transactions with cryptocurrency: conventional ones that offer this payment method, and cryptographic casinos and blockchain casinos.
In conventional online casinos, you simply have to check if the cryptocurrency is among the deposit and withdrawal methods that are enabled for their users. Come sugestere il nome, i casino cryptografici sono quelli in cui The only payment method is cryptocurrency.
The main online casinos that use crypto
The most important are Bovada, Betonline, FortuneJack and BitCasino, among others. And blockchain casinos are not limited to cryptocurrency as a payment method, they have also developed games based on blockchain technology, which supports the entire cryptocurrency operation. In other words, every bet made can be verified in a browser and no one can alter the results of a game, guaranteeing total transparency and security for users.
He noticed that this mode is in the early stages of development, so there are very few of them in operation and it can be slow, so there is little variety in the games it offers. For now, not if they are affirmed as competitors of traditional online casinos, but they could soon begin to gain strength or some operators will start to incorporate the transparency control that Blockchain technology offers to games in their online casinos.
Advantages of online crypto casinos
What advantages do cryptographic casinos offer to loro utenti compared to any online casino? The cryptographic casino does not see the need to require financial and personal information from its users to make payments, since the transactions with the cryptocurrency do not require it, since it establishes a direct relationship with the user.
With a private payment like this you have complete control of the information you provide and you can even access casinos that do not offer transactions in the currency of your country.
Fast payment: one of the main problems with most online casinos is that it may take 2 to 5 days to withdraw the winnings, depending on the chosen payment method. Nei casino crittografici ciò non accade, chôche receiverai le tue vincite in pochi minuti, chôche non esiste una terza parte cui penda questa transazione.
Welcome bonus: come the major part of online casinos, and cryptocurrency casinos often offer new promotions and welcome bonuses to new users. Compared to other online casinos, they can be even more generous in the percentages they offer and in the structures to withdraw the winnings generated thanks to this bonus.
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