If you’re a gambler, you’ve probably heard about cryptocurrencies and how casino lovers can use them in online casinos. But what does that mean, exactly? And why should you bother using them? In this article, we’ll break down everything you need to know about cryptos in online gambling, including five reasons why you should consider using them.
What Exactly Is Crypto Gambling?
Crypto gambling refers to using cryptocurrencies to gamble online. That includes playing casino games like Slothunter Casino offers, betting on sports, or playing poker. Crypto gambling websites are similar to traditional online gambling sites but accept cryptocurrencies as payment. Bitcoin is the most common crypto resource used for crypto gambling, but Ethereum and Litecoin are popular choices.
Crypto gambling has become popular because it offers several advantages over traditional online gambling. For example, casino reviews often elucidate that crypto gambling websites can offer higher payouts and more generous bonuses. In addition, crypto gambling websites can be accessed from anywhere in the world, making them convenient for people who live in countries where online gambling is banned.
5 Reasons To Gamble With Crypto
Now, here are five reasons why crypto gambling is worth considering.
Lucrative crypto bonuses
One of the biggest advantages of getting started with crypto gambling is the bonuses on offer. Many traditional casinos offer welcome bonuses, but these are often small compared to what you can find in the crypto world. For example, it’s not uncommon to find a welcome deposit match bonus worth up to 1 BTC in a crypto casino online. Not only that, but many crypto casinos also offer regular reload bonuses and other promotions that can give your bankroll a boost.
Regarding gambling, everyone wants to get their hands on their winnings as soon as possible. Unfortunately, traditional gambling methods can often be quite slow, with casinos taking days or weeks to process withdrawals. That isn’t the case with crypto gambling. Thanks to the blockchain nature of cryptocurrency, withdrawals are typically processed instantaneously, and there are usually no fees involved.
Exclusive crypto games
Many leading software providers develop games specifically for crypto users. These games often feature outstanding graphics and added features, making them extremely popular among crypto enthusiasts. These games are usually grouped under a separate category in an online casino’s gallery and are only available for clients who play with crypto coins.
Provably fair algorithm
When it comes to gambling, gamblers must ensure that the games they play are fair. After all, what’s the point of gambling if there’s no chance of winning? That is where crypto casinos have an advantage over traditional ones. The former uses the provably fair algorithm to verify the fairness of their games. As opposed to the RNG algorithm that traditional online casinos widely use, the provably fair algorithm enables players to independently verify the fairness of each game by using a special link.
Finally, one significant advantage of crypto gambling is the greater level of security and anonymity that it offers. Traditional casinos require personal information from their customers, which hackers can exploit. On the other hand, Crypto casinos require only an email address for account registration. That means that there is much less personal information for hackers to target. In addition, crypto casinos often offer customer support through encrypted channels, making it difficult for anyone to access sensitive data.
How to Choose A Good Crypto Casino
So how do you find a suitable crypto casino online? Here are a few things to look for when choosing a good crypto gambling platform:
- Check out the casino’s reputation. Make sure it is licensed and accredited by a reputable organization.
- Look for casinos that offer a variety of games such as slots, blackjack, roulette, and more.
- Find out if the casino allows purchasing crypto directly from its website (e.g., via MoonPay).
- Be sure to read the casino’s terms and conditions before signing up. That will help you avoid any problems down the road.
- Test the casino’s customer support to ensure you will receive assistance if you have any questions or problems.
The top five benefits of crypto gambling over traditional online gambling — elucidated for you. We hope this has given you a good overview of what to expect and shown you why crypto gambling is such an exciting development in online gaming.