Cryptocurrency

How Cryptocurrency and Online Casinos are a Match Made in Heaven?

eToro

It wasn’t too long ago that people had to travel miles so they could gamble and play their favorite games. With the advent of the internet, it became possible to play your favorite games from poker to slots from the comfort of your home. Transactions were made online, and you could win money from betting and have it transferred to your bank account. So much for chips, right? Well, it actually went beyond just that. When cryptocurrency was introduced, the online casino business completely changed. More and more people shifted to digital currencies, and it was a match made in heaven. Here’s why.

Cryptocurrencies

eToro Crypto

Faster transactions

Perhaps one of the biggest reasons why cryptocurrency and online casinos work so well together is the speed of transactions. Whether you’re playing slots or poker, and betting or withdrawing, the transactions are super fast and are done quite easily. This is mostly because there are fewer channels for the process to come through, unlike credit cards and PayPal and the likes. 

Better bonuses

Believe it or not, some websites are offering signup bonuses of up to 200 percent of your initial deposit! Yes, online casinos offer bonuses generally speaking, regardless of the form of currency you’re using. But with cryptocurrency, the bonuses seem to go much higher and are much more lucrative.

Poker - Casino

Accessibility

One of the most important features and why online casinos became so popular so quickly is their accessibility. You can play from anywhere and using any device; it was that easy and people loved it. Cryptocurrency shares the same accessibility features, and the guys at kiss918 know it so that’s why they have their app available for download on IOS and Android. The beauty of cryptocurrency is the fact that they help people who don’t have credit cards –– and don’t want one –– and those who just want to gamble online with no complications.

Privacy 

Privacy is probably the most important reason why cryptocurrency works so well with online gambling. If you don’t want people to find out about your betting activities and what you spend or earn, then cryptocurrency is definitely what you’re after. Plenty of sites implementing this kind of money don’t even require your details or financial information to open an account to bet. So, you can have an account to gamble with pretty much anywhere without having to even reveal your identity. 

Less wasted money

Let’s face it, we all know that banks sometimes can rip off money through unnecessary charges. There’s also taxes that are imposed on bank transactions. With cryptocurrency, you don’t have to suffer all that when you get online. Transaction fees are minimal, and most of the time you won’t pay taxes. 

Security

All else aside, gambling online using cryptocurrency is extremely secure. This isn’t necessarily the case with other traditional means of payment, where they might not have the same level of security.

CyberSecurity

Not perfect

While cryptocurrency does have a lot of advantages and it works perfectly with online casinos, it has its share of disadvantages. The volatility of cryptocurrency makes it risky and there might be a sudden drop of value in those currencies, which might reflect on your investment. So, always weigh the pros and the cons before gambling away.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

Related Articles

Back to top button