Most if not all of you know that many gamblers have been using cryptocurrencies. These are more and more popular and now you will find out why many gamblers have chosen this payment method. For the lack of a better word, benefits or advantages are massive. Now we will reveal all of them.
They Are Available Everywhere
If you take a look at the currencies a website supports you can always see good and not-so-good things. Some websites will support all common currencies, but others won’t. When it comes to crypto casinos, they all support virtual currencies. It is especially beneficial when you prefer British casinos that aren’t on GamStop self-exclusion because their players can have problems with access. The best example here is Bitcoin. It is accepted at 99% of online casinos of this type.
What this means is that you need one e-wallet and one currency to have on that wallet. You can make instant deposits to all casinos that support cryptocurrencies and you are good to go. This is especially the case with offshore casinos that may not support all fiat currencies you would like to use.
Much Faster Withdrawals
When you use a debit card to withdraw your funds to the account, you will need a few days. Usually between 1 and 3 days. When you use e-wallets such as Skrill or Neteller you will need up to 24 hours. These are not bad durations but not the best either.
With cryptocurrencies, you can get your winnings, on your account and ready to use within minutes. It is a common thing that a player gets his winnings within 5 minutes. Just imagine the potential here. You can instantly create an account at a different casino and claim one bonus more. You can use cryptocurrencies for shopping as well. There is no need to wait anymore. Honestly, this has to be one of the main advantages for players. It can’t get any better than this.
When you use fiat currencies you will get a welcome deposit offer. Almost all casinos offer this at the moment. These bonuses are up to 200% and they are very appealing. When you use a cryptocurrency, such as Bitcoin, you are also looking at a welcome deposit bonus. But, in this case, in the scenario, you will get a 400% or even higher percentage of the match deposit offer.
There are no casinos that will give you the same bonus match with fiat currencies as they will when using virtual currencies. These bonuses are very desirable and they can help you play much longer (4 times longer) for the same amount of money you wanted to invest initially. Although we used this bonus as the example only, most crypto casinos have even higher offers and additional ones that are available only if you use a virtual currency.
When you use a credit card or a debit card you have to provide all kinds of personal details such as name, card number and so much more. When you use cryptocurrencies, all you need is an e-wallet address that looks like a combination of random letters and numbers.
Furthermore, all the transactions that involve virtual currencies are anonymous. There are no records that can link you to that casino or that transaction. This is the case with all deposits, withdrawals, payments, and all the rest that are based on these currencies. You can play at any casino and no one will know that you are gambling there. So you do not need to pass the KYC procedure and wait. This is extremely beneficial as you can assume. But, it is even mandatory these days for players who want to keep their personal details as safe as possible. Only cryptocurrencies offer this at the moment.
Plenty of Games
Crypto casinos have a lot of great games that have a lot to offer. They are modern and new games hence you are looking at the impressive user interface. Latest features and modern experience in general. The main advantage here is the fact you can play countless games of this kind. This includes slots, table games and so much more. These games are added and developed on a daily basis hence the number will be much higher in the near future. This means that players have more options to choose from.
Much Simpler KYC
KYC is basically knowing your customer and it means that the casino will ask you to provide ID documents, pictures, and more in order to verify the account, they use this to protect themselves and your account. Crypto casinos usually don’t ask for KYC. They don’t need it because players want anonymity.
Even those that ask are a much better option. What this means is that you can verify your account easily and within seconds without having to send various ID documents, wait and so much more. These verifications are much faster as well hence they are a clear advantage and they are something you will want to get as soon as possible.
The Final Word
We can see that there are a lot of benefits when it comes to using cryptocurrencies for gambling or just managing your funds. However, there are not a lot of downsides. The only one in the process of purchasing and using virtual currencies. It is a bit different but it is something you can master within 10 minutes. Cryptocurrencies are extremely popular due to a reason and they will become even more beneficial and important in the near future.
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