Crypto or cryptocurrency is one of the innovative payment methods in online casinos. It is a collection of binary data designed to work as a medium of exchange. Though only released a few years back, it has started to dominate the online casino industry. Many casino sites have implemented the use of cryptos such as Bitcoin, Ethereum, Litecoin, Dogecoin, and others. As the number of cryptocurrencies grows, there is also a high chance that new crypto casinos will bloom on the internet and that is because prefer this payment method before bank transfers casinos or e-wallets like Neteller casinos or PayPal casinos
Top Online Casino List With Crypto as Payment Method
These days, there are already a good number of payment methods that make online casino gambling more fun and exciting. This gives casino enthusiasts more options when it comes to payment methods. Cryptocurrency is a new and innovative way to make money transactions while enjoying your favorite online casino games. Online casinos that support cryptocurrencies are gaining more popularity. Cryptocurrencies offer state-of-the-art security as the personal and banking data of the users are not revealed or shared.
In 1983, David Chaum, an American cryptographer conceived an anonymous cryptographic electronic money called ecash. He later on implemented it through Digicash in 1995 and this is considered to be an early form of cryptocurrency. With this technology, user software is required to withdraw notes from a bank and send it to a recipient. As such the digital currency is untraceable by the issuing bank, the government, or even a third party. Since cryptocurrencies are not regulated by national governments, they are considered to be alternatives to currencies.
Bitcoin (BTC) is considered to be the preeminent cryptocurrency and the first to be used widely. However, there are hundreds of cryptocurrencies in existence and more are launched eventually. Cryptocurrencies that are not Bitcoin are called “altcoins” so as to determine them from the original ones.
There are many ways to make money on the internet and cryptocurrency is the newest on the list. With the use of crypto systems such as Bitfinex, Worldvest, or CleverMoney, you will be able to use digital currency in online casinos. In fact, many high-profile online gamblers use cryptocurrency to bet against each other in online gambling games.
There are good reasons why millions of people are enjoying the benefits of cryptocurrency. With the power of the internet, you can practically take your winnings and make money from anywhere in the world. Cryptocurrencies also offer good things that are irresistible to gamblers. Here are some of the benefits that one can get when playing in crypto casinos:
In this section, let us take bitcoin as an example when making money transfers. For those of you who are not yet that familiar with how cryptocurrencies work, you will be glad to know that we have prepared a simple guide that you may use when making deposits and withdrawals with a cryptocurrency.
There will be a point in time that you would decide to collect your winnings. Withdrawals with cryptocurrency are likewise simple and easy. All you need to do is to send your coins to your exchange service address. You will have to sell your crypto and request a bank transfer or other withdrawal method. You may also want to hold onto your cryptocurrency and if so you need to download a free crypto wallet and protect it with a password.
Online game players who are still confused with what payment method to use are recommended to look at the pros and cons. This is true with the different cryptocurrencies. Understanding their advantages and disadvantages will give you the idea on what specific payment method to use in online casinos. Cryptocurrency, like Bitcoin have taken the online gaming industry by storm. This is because of the benefits they offer to gamblers. Here are some of the pros that you will find interesting:
Some of the disadvantages of cryptocurrency as a payment method are:
Cryptocurrency is a fun and exciting concept. It can change how we perceive online casino payment methods with its flexibility and practicality. With the other payment methods that came before crypto, of course there is the familiarity with the traditional ones. Though there is some skepticism with trying new ones, crypto as a payment method is still worth the try. In fact, there may be more perks offered to crypto users than the traditional ones.
Other Online Casino Payment Methods:
Choose the online casino that accepts crypto as a payment method. You can play as long as you are able to deposit money to your online casino account.
Many online casinos offer bonuses for new players. Find a casino you like, always read T&C and then claim their bonus offer
Crypto casino offers a wide range of fun and exciting online casino games. Examples are online slots, table games, card games, and others.
Most casinos support Bitcoin. However there are other options, such as dogecoin, monero, and Ethereum.