What lies ahead for the future of online gambling? Many players and users of cryptocurrencies believe that the future of online gaming could well be crypto-casinos and that the way players enjoy slots could be totally transformed by this shift. But just what are crypto casino and cryptocurrencies, and what would change? Let’s take a look and see what we can glean from the facts we already have in front of us to see what the future could have in store.
Did you know that next year the world’s first-ever cryptocurrency, Bitcoin, will be celebrating its 12th anniversary? Most people have heard of Bitcoin, even those who don’t necessarily gamble online and it has become a means of universally buying services as well as products, especially online. Turns out, cryptocurrencies are a perfect decentralized currency for online slots with many advantages for players, so it’s worth considering using Bitcoin and other cryptocurrencies – but first, let’s get to grips with the facts around cryptocurrency.
What is a cryptocurrency?
First off, a cryptocurrency is essentially digital money that does not have physical banknotes or coins and is not restricted by countries or borders. The digital currency is protected by cryptographic technology and it only exists in a virtual form so it’s a tangible entity like a twenty-pound note or a pound coin. However, despite its virtual quality, cryptocurrencies can be used just like any other currency to buy goods or services. For example, Bitcoin was first created back in 2009 and has soared in usage and popularity and you can use Bitcoin to buy all manner of things by simply downloading the app from a trusted site and using a Bitcoin wallet.
What is the benefit of using a cryptocurrency like Bitcoin?
Cryptocurrencies like Bitcoin provide players with total anonymity which is a huge benefit to players and one of the reasons why they have become so popular. You can also gamble online using cryptocurrencies wherever you are as they aren’t subject to the same restrictions as other currencies – for example, you can gamble using cryptocurrencies in countries where gambling is banned or restricted, as the Bitcoin wallet is protected from national authorities which means they aren’t able to block to transactions. Yet another benefit of using cryptocurrencies while gambling is that it’s extremely quick. There won’t be any need to wait around days for your money to clear in your account following a withdrawal as you have complete control of your money, without having to wait around as transactions are completed within minutes if not instantly and more importantly, these transactions in most cases are not subject to any transaction fees. In short, using a cryptocurrency can be faster, simpler and more secure to use!
What is a Crypto casino?
One of the latest trends in online gambling is Crypto casinos, which provide players with amazing slots through a variety of alternative payment methods. They are becoming more popular and more and more online casinos are now allowing cryptocurrencies for online gambling because of their clear benefit. Some players say that casinos and cryptocurrencies simply go hand in hand for them as they are so easy, and this is why many believe that crypto casinos are the future of online gambling.
The question most players will want to know the answer to is – can I play my favorite slots games on crypto-casinos? The answer is – yes! Crypto casinos offer a number of popular slot titles so you can play your favorite games with cryptocurrencies just as you would with a credit or debit card. Crypto casinos enable players to take advantage of using a certain cryptocurrency and there are plenty of ways to do this, but the main way is to buy cryptocurrency and store it in a Cryptocurrency wallet, similar to an e-wallet. This will mean you can transfer your money quickly and simply between your e-wallet and online gaming accounts on Crypto-casinos. If you are lucky enough to win while gambling, your winnings can then be deposited into your Cryptocurrency e-wallet. Likewise, it’s so simple to do if you need to top-up your online casino account with credit in a Crypto-casino, all you need to do is once again use your cryptocurrency wallet to do this and you’re all good to gamble!
As with the majority of things, some cryptocurrencies are better than others and additionally, some casinos are better than others, offering different games so if you want to play your favorite slot games on crypto-casinos with a particular cryptocurrency, it’s a good idea to do your research and shop around. Make sure to always use trusted sites that are regulated and read reviews of other players. We are hoping top casino sites like King Casino Launch cryptocurrency shortly.
What is the downside of cryptocurrency?
The main downfall of cryptocurrencies is that it is an ever-changing entity depending on its popularity with players and this means it is volatile and can be subject to huge fluctuations. However, if you use it wisely, you can use this volatility to your advantage. If you have a Blockchain wallet this means you can store your cryptocurrency safely.
What is the best cryptocurrency to use?
The world is your oyster with cryptocurrencies and you don’t need to only use Bitcoin, there are plenty of different trusted cryptocurrencies out there to use for online gambling, here are some of the most popular cryptocurrencies you could use for playing slots or other online gambling games like Blackjack or Poker:
- Ethereum
- Litecoin
- Monero
Advice from an expert
If you’re looking for the best way to gamble online and you’re looking for the cheapest, fastest and most secure way of gambling, Bitcoin and other trusted cryptocurrencies is the easiest way to gamble. Most importantly, it’s the best way to end any of players’ fears over data sharing as your privacy and data is kept completely secure. It’s completely up to the players which crypto casino and cryptocurrency they use or if they prefer to use other more traditional payment methods, but it certainly looks like it’s going to be the future of online gambling.
