Paying with cryptocurrency is possible in more and more online casinos. The casino providers show that they keep up with the times and embrace the latest developments in order to be able to ensure a smooth game flow in the future. As a result, you increasingly come across that you can gamble and pay at online casinos with, for example, bitcoins, ethereum, tether or litecoins. But what are the advantages of paying in this way? In this article, you can read all about this! Maybe you will even start playing at online casinos by paying with crypto…
The biggest advantages of crypto casinos
There are many advantages when it comes to paying with crypto at the beste online casino. The three biggest benefits are discussed below, although there are a few more advantages to playing at crypto casinos.
Transaction fees are minimal for casino
There are hardly any costs associated with the transactions. By working with crypto you do not have to pay money to suppliers or third parties. This way you can keep the transaction costs in your own pocket. Different payment methods used on websites charge transaction costs to the casino, which in turn passes these costs on to you.
Anonymity in crypto payments
On the crypto networks you are an anonymous player, to a certain extent. For example, you are not known on the network with your name and bank account number, which is the case with other payment methods. This also applies to the party to which you perform a transaction, which is only known with the receiving address. When you make a transaction at the online casino, you only know that this receiving address belongs to the casino, but not whose address is personal.
Deposit safely with crypto
The address where you send the crypto coins to is actually the wallet of the online casino. This makes the payment look like a regular bank transfer. The advantage is that the network on which these transactions are made is completely secured. In fact, the chance that your transaction will be intercepted and your account hacked is much smaller with crypto transactions than with standard bank transactions. However, you should remember to set a strong password to protect your wallet.
Crypto as a payment method
The addition of cryptocurrencies as a payment method in online casinos is very nice for those who own these coins. Not everything about working with cryptocurrencies is as positive as the above benefits might imply. You have to take into account the volatile nature of the crypto prices. For example, if you have won 0.1 bitcoin, the value in euros may have changed more over a year than if you would immediately win 5,000 euros. This too remains a gamble!
All in all, crypto and casino/gaming is a great match, which will be further intensified in the future. It is therefore very likely that more and more people will start to pay at online casinos with cryptocurrency.