THE FUTURE OF CRYPTO AT ONLINE CASINOS

THE FUTURE OF CRYPTO AT ONLINE CASINOS

Over the last decade, the online casino world has changed considerably, and one of those notable changes has been with the rise of cryptocurrency. The increase in ‘crypto casinos’ has changed the way players gamble by offering them the option to use a secure and decentralised currency as an alternative to traditional payment methods. This blog will explore what cryptocurrency brings to the online casino landscape and why you should consider using it.

THE NEW CURRENCY ON THE BLOCK

Cryptocurrency, has been around for a while now, but in the grand scheme of things, it’s still relatively new to many people and even more so when it comes to players at online casinos. But that is changing!

If you’re not sure about the basics of cryptocurrencies then feel free to check out our crypto guide before continuing. But if you’re already in the know but unsure if using cryptos at online casinos is for you then stay tuned.

Cryptos are a decentralized currency, that add much needed transparency and fairness to an industry that faces criticism for its lack of regulation. As all transactions are recorded on the blockchain, there’s a certain level of trust that you gain. This increased transparency and trust is attracting more players which contributes to the further growth of crypto casinos.

HOW DO I PLAY WITH CRYPTOS?

Like traditional fiat currency, all you need to do at your chosen crypto casino is to create an account. Deposit your cryptocurrency and start playing your favorite games.

The difference between depositing cryptos and other banking methods is due to the underlying technology.

Cryptos are built on blockchain technology instead of payment processors. The use of blockchain technology means transactions are not only transparent and secure. But it takes away the ‘middle-man’, aka banks, providing cheaper and faster transactions.

ADVANTAGES OF CRYPTO CASINOS

So now that we’ve covered the basics, let’s dive into the benefits of using cryptos:

  1. Keep your anonymity: If you use traditional payment methods at online casinos, you’ll be required to provide personal details and your banking information. Whereas cryptos allow you to play without giving out your details, which mean you’re less vulnerable to identity theft and other fraudulent activity.
  2. Global Access: Cryptocurrencies are available on a global scale. So, no matter where you live, you can use cryptos as a form of currency in casinos where traditional fiat currency maybe limited.
  3. Fast and Secure: Transaction using cryptos are famous for speedy processing times. Depositing and withdrawing funds from a crypto casino is easy, speedy and has very low transaction fees.
  4. Provably Fair: One of our favourite aspects of playing at crypto casinos is the use of provably fair gaming. Aided by blockchain technology, you can now verify the fairness of the games you play. This lets you ensure the casino isn’t manipulating the outcome.
  5. Exclusive Bonuses: Crypto casinos generally offer exclusive bonuses for crypto holders. These attractive offers are great for both seasoned players and newbies to the world of gambling with crypto.

Innovative Game Selection: Many casinos allow you to play nearly any game by depositing crypto. But there are some casinos that even offer games specific to crypto holders called Crash Games, including popular titles like Aviator or Plinko.

CRYPTOCURRENCY: WHAT TO EXPECT IN 2024

As the popularity of crypto casinos grow, the more you can expect to see the following:

  • More Metaverse casinos popping up.
  • Decentralised gambling will become the norm as players seek more trusted sites.
  • Governments may implement more regulations which will lead to mainstream acceptance.
  • As crypto casinos become more popular, the lower the house edge will be at online casinos.
  • More games, more bonuses and overall innovation in this field.

Crypto casinos are here to stay and offer a number of benefits like increased security, global accessibility and anonymity. Embracing the world of cryptocurrency may seem like a daring concept. But it’s actually easy to get to grips with and once you decide which cryptos are best for you to use when depositing at online casinos. So, dive in and start playing at crypto casinos to reap the benefits for yourself.

Henry Walker

Henry Walker

Head of Casinos

Since 2017, Henry has brought his professional insight and passion for casino games to the world of Australian Internet Pokies. He’s our resident fact checker who goes through online casinos with a fine-tooth comb, searching for the best casinos, pokies and promotions.

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