Cryptocurrency Online Casino
- Online Cryptocurrency Mining
- How To Buy Cryptocurrency Online
- Cryptocurrency Online Casinos
- Sell Cryptocurrency Online
- Best Crypto Online Casino
- Crypto Online Casino
- How To Cash Out Cryptocurrency
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Online casinos have become the most popular way for players to engage in real money play. With the convenience of being able to play at any time, these sites attract thousands each day. At leading online casinos, you will be able to make use of many banking options to manage an account. While most casinos support traditional options like e-wallets, prepaid cards, and credit cards, you will also find many sites now offering cryptocurrencies.
When you make use of this method, you will always be protected and will remain anonymous as you play real money games. There are no concerns in regards to exchange rates and players never have to provide a casino with any personal or financial details. Using cryptocurrencies has become a top choice for many. Here, we discuss how to use these, where to get cryptocurrencies and the various benefits and drawbacks associated with use.
How to Use Crypto at Casinos
The only difference between using your local currency and cryptocurrency at an online casino is the way in which you deposit and get paid. You will have to have a crypto wallet where your currency will be stored. There are many of these and they all provide safe and easy transactions. Once you have a wallet and funds are in it, you can visit your favorite online casino to start playing real money games.
Just access the site of your choosing and head to the cashier. Here, you will select the cryptocurrency you are using. You will then have to provide the crypto wallet address. Enter the amount of your deposit and you will receive a code. The code will be redeemed with your crypto wallet and the transaction will be initiated. The funds will be immediately available at the casino and you can use these to place real money wagers.
Making a withdrawal is just as simple. Instead of choosing a traditional banking method, you will select the cryptocurrency option. The funds you remove from your account will be transferred to your crypto wallet. Form here, you can make additional deposits or use your cryptocurrency for other purchases.
You can deposit and withdraw cryptos at many gambling sites nowadays, and if you are looking for platforms based on your particular region or other criteria, you can check out the lists featured on IndiaFreeSpins or CryptoCasinos.
Where to Get Cryptocurrencies
There are various ways in which you can obtain cryptocurrencies to use at leading online casino sites. The easiest way is to use your traditional currency to make a purchase. You will use an exchange like Coinbase to buy crypto with fiat funds. You will also have the opportunity to buy from other people or to mine coins on your own.
Pros and Cons
Many players have started using cryptocurrencies over other methods at online casinos. Speed, security, and easy access are the three main benefits you will enjoy. Since cryptocurrencies are not controlled by any government or central bank, you can use them in every country and will remain anonymous when making any purchase.
Another great benefit is that there are no exchange rates involved. You can use your crypto funds at any international casino site and there will never be additional fees for converting currencies. You will also never have any deposit fees when funding your casino account.
Even though there are many advantages, there are also some drawbacks to be aware of when using this form of payment at a casino site. These can include:
- Value Fluctuation – Cryptocurrencies are very volatile, so the price will fluctuate based on the current market. There is a constant shift in value, so the amount of your deposit could result in different amounts based on how the value has moved.
- Untraceable Transactions – While this is a benefit for those who wish to remain anonymous, it does present a problem if you need to try to get your money back. There is no way to recover a crypto transaction if it is lost because all transactions are untraceable.
- Legal Status Remains Unknown – Unfortunately, casino sites that accept cryptocurrencies do not need to be licensed or regulated. This can lead to any players signing up at unreliable sites. This increases the risk of losing deposits since the funds ate not traceable. Always ensure you are playing at a site that is reliable and reputable, with a current license.
Choosing a Cryptocurrency
Many online casinos that focus on cryptocurrency payments will support different options. Each will have various benefits and drawbacks, so you should learn a bit about the popular cryptos that are often supported at leading casino sites in the industry.
Bitcoin – This is the most popular cryptocurrency being used for online gambling. It was also the very first to become available. This currency is easy to use and is widely accepted.
Litecoin – Litecoin is quite similar to Bitcoin, but you will enjoy faster transactions and it is cheaper. With Litecoin, there are new blocks that are created every few minutes instead of every 10 minutes as with Bitcoin. This allows Litecoin to offer faster transactions.
Dogecoin – If you are looking for a bit more security, this is a good crypto option. The value of this will stay pretty stable, but it is smaller than Bitcoin. Dogecoin is very secure and is best when used for small transactions.
Ethereum – This is t eh main rival to Bitcoin, though it does have a larger coin supply. Ethereum is also known to have better technology in place. Not only can Ethereum be used as a cryptocurrency, but it can also be used to create programs, apps, and software, making it quite versatile.
Play and Win Today with Crypto
With more and more casino sites accepting this form of payment, you can easily find top-rated sites that accept these anonymous payments. Cryptocurrency casinos are a top choice for many gamblers. While there are some drawbacks, especially the volatility of the value, this type of payment option is one of the safest and easiest was to engage in real money play at casino sites. When you work with cryptocurrency, the casino gives you the opportunity to receive grand x casino promo codes and use the additional money for your favorite game.
With no international boundaries and great levels of security, you can quickly set up a crypto wallet and start playing at some of the leading online casino sites in the industry today!
Conclusion
No one really knows what the future of cryptocurrencies on online casinos will hold, but if the short history of crypto has taught us anything, is that it’s here to stay. For more news regarding online casinos, please visit Gambla.com.
Featured image: CryptoNewsZ
FIAT OR CRYPTO?…….The fiercest currency debate of all time…
The iGaming industry is evolving further and further each year. Not just in the visual and enjoyment sides like the VRs and the ARs, but also on the wildly-increasing adaptation of cryptocurrency.
In this article, we’ll help you find out and decide which is better for you: Fiat Online Casino or Cryptocurrency Online Casino.
Online Cryptocurrency Mining
REGULATING AUTHORITY
How To Buy Cryptocurrency Online
Fiat Online Casino
Our conception of reliability is defined by what works and what’s always been there, and that’s tried-and-tested banking systems. These banking systems have been constantly developed for hundreds of years to be the most secure places to trust our money. This is where most people go and most systems apply, and operators can expect a lot of folks joining their online casino if they’re running a Fiat Online Casino.
Banking laws protect players from theft and other cybercriminal acts. Furthermore, in several cases, if you use their banking system, if the Fiat Online Casino you’ve played in has been fraudulent, by lawful agreements, you can have your money back because using their service makes your money insured.
If there’s one factor that doesn’t sit well with Fiat Online Casinos in this subject, it is the fact that banking laws and restrictions will affect your fiat money. Restrictions change and interferences happen with banking laws and transaction fees and taxes. There are even situations in which accounts are freezing.
Cryptocurrency Online Casino
Cryptocurrency Online Casinos
Cryptocurrency Online Casinos run on software-backed systems—meaning there are no sudden interferences, no central authority restricting movements of your money. You may hear the word “decentralized” a lot whenever cryptocurrency is being talked about, but it’s true—it means that there’s no “middleman” between you and your Cryptocurrency Online Casino—meaning you are free from getting pried on by regulating authorities.
One downside of this involves changes when this technology gets improved. Protocol changes will happen—and it may be more difficult and slower for non-regulated ecosystems like cryptocurrency to adopt new protocols.
SAFETY
Fiat Online Casino
Your spending patterns and habits are recorded in the bank’s system. Your transaction patterns are also recorded in the Fiat Online Casino. Any unusual activity, say when you’re trying to transact in amounts that are not in your normal range, or you’re transacting in an unusual place (like the other side of the world that you’ve never been in), the bank and the Fiat Online Casino will contact you to confirm the transaction. This way, you are protected by your own spending behaviors and patterns.
As mentioned before, some reputable banks have been around longer than our parents’ parents’ lives. They’ve survived this long, constantly staying one step ahead of the fraudsters and cybercriminals, earning the trust of customers for managing their money. Mishaps happen, but banks only survive if the money-managing tactics they’re doing are effective and so part of their job is to stay ahead with safety measures.
Some people, however, are not confident with relying on banks and Fiat Online Casinos to give out their personal information. Yes, most of the time banks and Fiat Online Casinos are safe, but identity theft and all that cybercriminal acts still do happen, and this tiny chance of being the victim is something a number of people won’t stand for.
Cryptocurrency Online Casino
While your identity and spending patterns are your protecting factors in the Fiat Online Casino, it works the other way round in the Cryptocurrency Online Casino, as you as a player can keep your details completely anonymous. How? Your cryptocurrency wallet itself doesn’t have your personal information—simply because there’s no need for them. Staying completely anonymous also protects you from crimes like identity theft.
As Cryptocurrency is still just over a decade-old technology, there are cybersecurity breaches that prey on cryptocurrencies that are yet to be established. It’s riskier if you veer away from the big-named cryptocurrencies. Enhanced cybersecurity measures are being developed, ones that are deemed to perform beyond what traditional banking industries use, but it can’t be denied that there’s still a lot to do with cryptocurrency’s security infrastructure.
TRANSACTIONS AND TRANSPARENCY
Fiat Online Casino
Transactions are secured by the third party banking system you have availed to assist you in depositing your betting capital and withdrawing your bet winnings. Your transactions will be recorded, as mentioned, and your transaction behavior will be taken note of, in order to detect suspicious activity that may not have been your doing.
However, every transaction you make will incur charges that will sum up to a significant amount in the long run in the Fiat Online Casino. You’re asking for their help in making things smoother for depositing and withdrawing your money, and you’re paying them. Moreover, these transaction fees lack some really detailed breakdowns, meaning there may be hidden charges that most aren’t aware about.
Cryptocurrency Online Casino
The approach with Cryptocurrency Online Casinos is more direct. Since there is nothing between your wallet and the casino you’ll be transacting with, you can seamlessly and effortlessly deposit and top up your funds and play games instantly. Withdrawals and payouts happen in real-time, having your winnings go directly back into your cryptocurrency wallet as you cash out. The highest transaction costs amount to 10 US cents—and this does not depend on the amount you’re transacting with either. You can save the amount you don’t spend on transaction fees anymore and in time, you’ll get to bet even more.
Sell Cryptocurrency Online
Transparency is an attractive factor with Cryptocurrency Online Casinos—cryptocurrency, after all, is a public ledger, a record-keeping system displayed in public, showing everyone’s cryptocurrency balances and all transactions between each other, while everyone’s identities are maintained anonymously.
One drawback in this is Cryptocurrency’s scalability—its ability to cope with large numbers of transactions at a time. This is one thing that highly-established fiat currency banking systems have an advantage. Lacking in scalability affects the transaction speed, and even though normally it should be done real-time, it may not be so if you’re transacting at the time of the day when so many other transactions are going on as well.
ODDS AND PROMOTIONS
Fiat Online Casinos
In Fiat Online Casinos, bonus amounts range from tens to about a few hundred dollars. Foreign exchange rates differ each day, but normally the differences are not so big and wouldn’t be too hard on your wallet so long as you’re not nitpicky about the small differences.
Major economic turns, though, like recessions, affect the values of exchange rates enough that they also affect the values of such bonuses.
Cryptocurrency Online Casinos
Cryptocurrency bonuses offer potentially exponential rewards. For example, Bitcoin Online Casinos offer bonus rewards of about 1 BTC to 5 BTC—and it is usually priced in the thousand dollars: For example, it is around USD 9,000+ as of this writing. Even if you only get 1 BTC, this is still way more than the few hundred dollars you can get from Fiat Online Casino bonuses.
At the same time, it could also go trench-deep low, as cryptocurrency values are even more volatile and unpredictable than foreign exchange. An attitude with a high-risk comfort level is needed in order to keep transacting with cryptocurrencies this way.
GAME CONTENT
Fiat Online Casino
There are endless gaming options in the Fit Online Casino. Whatever comes to your mind, Fiat Online Casinos have it. If your Fiat Online Casino doesn’t have this game that you’re suddenly interested in playing, it’s easy to find another Fiat Online Casino that has it.
Best Crypto Online Casino
Crypto Online Casino
Cryptocurrency Online Casino
Originally fiat-only games are beginning to entertain cryptocurrency bets and transactions. Gaming portfolios that belong to Cryptocurrency Online Casinos are also multiplying. While not as wide in variety or as numerous as Fiat Online Casino games, if your go-to games are the well-loved ones, then most likely there’s a cryptocurrency game content for it.
Pros and cons differ and choosing between Fiat Online Casino and Cryptocurrency Online Casino depends mainly on how comfortable you are with risk and the business model that works for you and that you want to adopt as an iGaming operator.