The technology landscape is changing rapidly, with every industry revolutionised. One such industry is the online gambling industry, which has undergone a massive transformation as a result of the rise of crypto. Cryptocurrencies such as Bitcoin, Ethereum, and more are bringing a new payment era, changing how people bet online. Cryptocurrencies are becoming increasingly popular, and how people use them is constantly evolving. You can find more crypto online casinos than ever, from the UK to online casinos in the Netherlands geared towards crypto. In this article, we look at how crypto is changing online casinos.
Why is crypto gambling becoming so popular?
Since Bitcoin was invented in 2008, it has risen slowly in popularity, with some of the most prevalent rises being in 2017, when it hit the mainstream. Today, there are hundreds, if not thousands, of crypto casinos you can play with, to help those who want more privacy online, better speeds, and decentralisation.
What are the advantages of Crypto Casinos over traditional ones?
Several advantages come with crypto casinos over traditional ones. This includes:
Transactions are much faster
Crypto transactions settle within a few minutes, if not almost instantly, which can really benefit users who want their winnings quickly. Traditional banks can take days to process withdrawals and deposits.
You have enhanced privacy and anonymity
Privacy in the online world is super important, and cryptocurrencies are known for offering optimum privacy. They don’t require any KYC (know your customer) requirements, and people can gamble safely without linking their personal bank accounts—many like that they can remain anonymous in the gambling world.
There are lower fees
Traditional casinos can charge high fees for credit cards and e-wallets, which many feel is unfair. Instead, cryptocurrencies charge mere pennies no matter how much you want to spend, which can save the user money.
It’s said to be fairer
They say the casino always wins, but some online casinos are known to fix their results or make it not as ‘random’ as you believe. With blockchain technology, it is much harder for this to happen as players can verify that game outcomes are random. It can give you a transparent record of transactions and game outcomes to see the odds.
You can access them from anywhere.
Some casinos can only work in certain countries; others might ban them altogether. When you use a crypto casino, you can access it from anywhere, meaning you don’t have the same restrictions to adhere to.
This article should help you understand why crypto casinos are becoming so popular and help you see that this isn’t an industry that will slow down anytime soon. Have you tried a crypto casino before? What are your thoughts?
