The world of crypto is massive, and it’s only getting bigger. One of the early adopters of Bitcoin and subsequently other coins was the online gambling industry. It was one of the first to recognize their usefulness and practicality rarely found in other payment methods.
That’s precisely why there are so many online casinos that offer cryptocurrencies as payment options and why there are more and more crypto-exclusive casinos.
All of this just shows how cryptocurrencies and gambling platforms go hand in hand, and it’s often enough for most to start using crypto for playing online casino games. But this may not be enough for you. For instance, you might want to know more about crypto gambling so that you can be sure that it’s the right course of action for you.
With that in mind, I wanted to give you the most important advantages of playing in online casinos using cryptocurrency. Let’s take a look.
Safety and Security
One of the main benefits of Bitcoin and most other notable cryptocurrencies is their safety. Naturally, other payment methods are incredibly secure as well, and you’ll rarely run into problems using any of them, but the situation with cryptos is even better.
One of the main disadvantages of traditional payment methods is that they are centralized, which always means that your assets are only secure for as long as the banks keeping them are. This is not always good, as it’s enough for one employee to make a mistake and for all of your funds to be gone.
Even though this is rare, it’s still possible. However, since cryptocurrencies are decentralized, you don’t need to worry about these issues arising. There is no central authority that dictates the terms and protects your money. Instead, you alone are responsible for its safety.
This might seem like a bad thing, but it’s not, as each crypto network is virtually impossible to crack. The best example is Bitcoin, where all transactions and data are stored on every Bitcoin owner’s device. For anything to happen, all of these devices need to agree. So if one were to try and steal the funds, they would automatically get kicked from the network.
The only way your assets can be stolen is if your wallet gets cracked by hackers. But, as long as you are employing all the necessary safety measures, you don’t even have to worry about that.
Privacy matters these days, and more and more people don’t want internet companies to have a lot of their personal data. However, you have nothing to worry about with crypto, as you don’t need to use your private information.
If you gamble in crypto-exclusive casinos, they won’t even ask for your name. There will be no need to share anything personal that would be necessary when registering a bank account or credit card.
Naturally, you will have to hand out your information on the sites where you’re buying your preferred crypto, but that’s all. The casino you are playing in won’t need that information, so you don’t have to worry about it being misused or, worse, stolen by hackers in a breach.
Crypto transactions are inherently faster than regular ones, as there is no central body that needs to verify them. The specific crypto network does this on its own, and other users contribute to it. There are several modifications to this system from coin to coin, but the underlying method is always the same.
What’s more, all cryptos process transactions faster than other payment options. Of course, deposits are instant with any payment method. However, crypto withdrawals are always incredibly faster.
Even though banks can deal with more transactions per second than any crypto network, they still have to undergo specific procedures that require quite some time, usually measured in days. With crypto, this process can be up to a day long. However, more often than not, it will only take a couple of hours or minutes.
Much Lower Fees
Every payment method has fees, and the same goes for crypto payments. However, there is a big difference in how big these fees are. With most cryptos, they are only a fraction of the entire amount — usually, a couple of cents.
On top of that, the use of most coins doesn’t come with countless hidden costs like maintenance or monthly fees. No matter what you’re doing with your Bitcoin, you will only be required to pay small transaction charges.
Since offering crypto comes at a lower price than offering other payment methods, casinos often give higher bonuses in specific cryptocurrencies.
If you visit a casino that allows both fiat and cryptocurrency, you may see that it provides players with both a regular welcome bonus and a crypto welcome bonus. Most of the time, they will be of the same kind. However, the crypto one usually has higher matched percentages and offers higher amounts.
Even the situation with reload bonuses is the same, and it’s all thanks to the low transaction fees and other things that make cryptos cheaper to use.
Higher Betting Limits
Crypto casinos don’t suffer from the same government restrictions as regular casinos do. This often means that they can set higher betting limits, which is perfect for high rollers.
What’s more, many of these casinos have beneficial VIP programs that increase the limits even further. The highest tiers of these loyalty programs are made for the most prominent high rollers where the limits barely matter.
All in all, everyone who wants to bet big should only go for crypto casinos.
Bottom Line — Should You Use Crypto in Gambling?
As you can see, the advantages of using crypto in US online casinos are quite significant. This might be one of the best decisions you can make in your casino ventures, especially if you already use cryptocurrencies.
The downsides of choosing this type of gambling are typically minor, and the only thing that might bother some is how volatile every crypto market is.
However, if you know how to leverage this, it could be an advantage for you. For instance, if you gamble with the coins you purchased while the price was lower, you can significantly increase your winnings once the price goes up and even recoup your losses.
So, what are you waiting for? Choose an excellent crypto casino and start playing your favorite games such as real money Blackjack, Roulette or Slots.