Online gambling is an accessible and convenient way of playing casino games, especially for those – as in the vast majority of people – who don’t live within a reasonable distance from a brick-and-mortar establishment. Online casinos rely on secure online payment methods that make them especially accessible in the digital age. As cryptocurrencies are among the safest and fastest money transfer methods today, it shouldn’t be a surprise that they are also embraced by the iGaming industry.
Over the years, we’ve seen countless crypto casinos launched online, from Bitcasino, the first licensed crypto casino ever, to CryptoThrills and numerous others. Aside from their accessibility, these casinos come with a series of advantages that make them a great choice for online gamblers.
Cryptocurrency is one of the most secure money transfer methods today. Thanks to blockchain technology, crypto transactions cannot be rejected or canceled – the history of transactions is stored on the distributed ledger that serves as a backbone for the entire system. Thus, fraudulent activities are pretty much inexistent at crypto casinos.
Speed and cost
One of the reasons why even the world’s biggest banks are starting to embrace blockchain and using stablecoins for international transactions among their own branches worldwide is the speed and cost of the transfers. As in a very high speed – the transactions are completed instantly at any time of the day – and at a very low cost, cutting out middlemen from overseas transfers.
Crypto payments come with no commission, no transaction fees (aside from the miner fees) and are completed in minutes as opposed to hours or even days in the case of a traditional transfer.
As opposed to traditional money transfers, crypto transfers don’t need personal information. Thus, there is no need for the casinos to collect these. There are quite a few gamblers who feel uneasy when having to share their personal information with operators – crypto casinos usually don’t need any of that. All they need is a crypto wallet address and keys.
And what about the games?
When it comes to games at crypto casinos, you will notice that there are quite a few of them that may not look familiar. That’s because some of the mainstream online casino solution providers stick with their usual trade – fiat currency – while crypto casinos work with providers that build games that work well in the new setting.
This doesn’t mean you won’t stumble upon big names among them. Aside from games from developers like Genii or Saucify, you’ll stumble upon “mainstream” names like Red Tiger, Endorphina, Betsoft, BGaming, and EGT among them, in a variety that will satisfy the tastes of even the most sophisticated online casino players.