Blockchain is an extremely useful technology that can be used for a wide variety of purposes. Hence, this technology has made its way into many industries, including the gambling industry as well. Cryptocurrency casinos, particularly Bitcoin casinos are on the rise and chances are that they will gain even more popularity in the future.
Yet, you might still be wondering why people prefer to gamble in cryptocurrency casinos rather than in conventional online casinos or traditional brick-and-mortar establishments. This is why today we will review the main reasons that make players choose crypto casinos over traditional ones.
Anonymity
In gambling, privacy is a key element. Especially, when we are talking about gambling online. Thus, it’s easy to see why the higher level of anonymity is considered to be one of the most important advantages of playing at a cryptocurrency casino. Although you might not be able to enjoy complete anonymity, it’s a great thing that it’s enough to provide your wallet ID and email address to deposit money into your account at a crypto casino.
Other conventional casinos may ask for more sensitive data, including your full name, address, phone number, and credit or debit card details. Moreover, some casino sites require ID verification as well which includes that you need to upload a photo of certain documents. It can be a scan of your passport, ID card, or driving license. Understandably, many people are not comfortable with uploading their documents on a website. So, they rather choose to stay safe and play at a cryptocurrency casino where they can enjoy more privacy.
Transparency
Probably, you have also heard the following expression before: “the house always wins”. This saying has become well-known for a reason. In the past, many people believed that most online casino games are designed to make players lose their money. Thus, online casinos were often accused of using hideous tricks to get an upper edge over their players.
Fortunately, nowadays, things are different. People trust these casinos more due to the licenses they possess. Plus, blockchain technology makes gambling sites more transparent and trusted.
Since the code of the cryptocurrency casinos’ software is revealed and basically, it’s impossible to alter, you can be assured that the casino won’t interfere with the code in order to take advantage of you. Moreover, you can also trust that the odds are fair, and in the case of a win, you will get your money.
Low to No Transaction Fees
When gambling in a traditional online casino, you may face some exorbitant costs associated with your deposits and withdrawals, especially when it comes to bank transfers. On the other hand, cryptocurrencies offer a more cost-efficient solution that translates to low to no transaction fees for the users. This makes crypto casinos more preferable when compared to conventional casinos.
Fast Transactions
Since in the crypto transactions no third party is involved, depositing, and withdrawing cryptocurrencies is much faster than making a transaction with other payment methods. Crypto transactions are instant, or they are processed within a few minutes of initiating the request. This way, if you choose to play at a crypto casino, you don’t have to wait hours or even days for your cashouts to arrive and enjoy your hard-earned winnings. Plus, you can play with peace of mind knowing that you can access your winnings at any moment.
Attractive Bonuses and Jackpots
The next reason why many people like to gamble in crypto casinos is the more generous bonuses and jackpots. But how can they afford to offer more attractive bonuses than their traditional counterparts?
Indeed, using blockchain technology can help casinos a lot cut down their expenses. This is because they don’t need to spend a lot of money on getting a reputable license from trusted gaming regulatory bodies. Plus, the operators of these casino sites don’t have to face high transactional fees when deposits and withdrawals are being processed between the casino and the users.
Ultimately, if you don’t want to miss out on the favorable bonuses, promotions, and jackpots, consider choosing a crypto casino instead of a regular one.
Convenience
Unfortunately, online gambling is not legal in every country. Some countries completely forbid this activity for their citizens, while others may allow certain casinos to operate in their territory. In those countries where gambling is restricted completely, citizens don’t have access to reliable online casino sites. So, what these people can do if they want to gamble?
Very often, they look for an illegal gambling site that accepts players from their country. However, playing at these unreliable sites can be very risky as people can easily end up scammed and losing their money. Selecting a crypto casino instead of an illegal casino site might be a more convenient and safer solution for these citizens.
However, it’s important to note that crypto gambling is still a relatively new branch of gambling. Thus, the legality of this activity is not clear in many countries.
For example, in Denmark, Germany, Finland, and Estonia, gambling with crypto is allowed when the casino possesses a special license. In these countries, both local and foreign providers need a license.
On the contrary, in Sweden, Switzerland, and Norway, only local operators need to obtain a license. Foreign crypto casinos can operate without it in the territory of these countries.
When it comes to the USA, it seems to be more confusion as to whether it is allowed or prohibited to gamble with cryptocurrencies, including Bitcoin. The truth is that crypto gambling is not so much different from playing with fiat currency. Therefore, the same laws apply to crypto gambling as to other forms of gambling.
The Bottom Line
As you can see from the above-mentioned reasons, cryptocurrency casinos have numerous benefits. When playing in one of these casinos, you can enjoy a higher level of anonymity, transparency, low to no transaction fees, fast transactions, attractive bonuses and jackpots, and convenience. Thus, in our view, it’s completely understandable why so many people prefer gambling in these casinos over traditional ones.
