Cryptocurrency seems to be the next big thing and most industries are capitalising on this. With the boom happening around the world, fashion stores, betting shops and casinos are all getting in on the action by offering this as a payment method. Here’s our guide on the rise of cryptocurrency within the casino market.
Using Cryptocurrency Online
Cryptocurrency options have been becoming a lot more popular recently and it’s no longer all about Bitcoin. There are plenty of options out there, though you will have to be slightly selective as to which casino you play on if you want to use them. If you go for more well-known cryptocurrency options, you’ll have more choice in where to play.
You’ll need to sign up and use your crypto wallet to move the funds from yourself to the casino site. This will be tracked as per a usual cryptocurrency transaction and the funds will be cleared right away. There are usually very small or no fees with this banking process, but do double check with the casino before you spend.
Whether you play with cash or with a cryptocurrency option, you want to make sure you’re getting more for your money! Shop around and find yourself sites with the biggest and best bonuses before you deposit. Just look into the fine print to ensure that your currency is accepted and you wager enough to merit the bonus.
Just take the same care in selecting from the cryptocurrency casinos out there as you would with any other casino.
Cryptocurrency transactions are regulated in the UK, so you are protected when you use these online. You should still do your due diligence and figure out whether a site is safe to play on too. Never take these sites at face value, check out their licence and what others have to say about them also.
Pros and Cons
There are both advantages and disadvantages to using these payments. For newbies, the world of cryptocurrency can be really confusing and hard to get to grips with initially. This can prove too much effort for some users, who feel a bit more comfortable with cash instead.
On the positive side, these payments are more secure and anonymous than many of the alternatives. There’s more identity protection and anonymity involved, which many prefer for casino use. You never know where your information can end up these days, so many are taking a better safe than sorry approach with this tech!
Your options are slightly reduced if you want to use these payments, as not every casino site will accept them. It’s up to you if you want to be more selective or if you want to go with the majority instead.
That’s all you need to know to start playing on these kinds of casino sites and why you should do so. With increased security and identity protection, it’s no wonder that so many users are flocking to these kinds of sites – despite the initial learning curve.