Gambling With Cryptocurrency
As crypto technologies get refined with time, cryptocurrencies are quickly becoming critical financial gateways. The majority of users love how they gain from faster transactions, safety transactions, and internet of value when they switch to using cryptocurrencies. However, when it boils down to slots players, there are reasons as to why cryptos such as Litecoin, Bitcoin, Ethereum, and a horde more are advantageous to players!
Moreover, blockchain-based currencies have been designed and developed to be completely anonymous. Punters that signup for traditional gambling venues have to give out their information. They have to share their home address, credit/debit card number, phone number, postal code, etc. They’re also demanded to have secure payment gateways that can’t be hacked.
Things are different with cryptocurrencies; however; gamblers using this medium only need to provide their wallet number. Moreover; crypto transactions are fast and in most cases instantaneous. When compared to bank transfer withdrawals from traditional casinos that take between 3 and 5 days, e-wallet transactions take between a few hours and a couple of minutes. BTC transactions are paid immediately; the funds get processed.
Another plus for crypto casinos is that they operate online and are available worldwide. Punters can play from anywhere, even in restricted countries thanks to blockchain technology. Cryptocurrency fees are significantly lower than other payment systems. Why, because the companies running this technology has zero to minimal overheads.
Provably Fair Crypto Slots
Crypto casinos offer players an exclusive advantage of verifying every spin they make. Players get to attach numbers of every spin they make. After the turn, they check the results to know whether it was random or if it was altered. Provably Fair software is widely used in crypto slots to ensure that they remain fair and run legitimate plays. Always check the website’s code to prove that it’s running provably fair.
Blockchain Technology Advantages for Online Casinos
Blockchain tech comes with plenty of benefits for regular punters; the technology is also beneficial to casinos and operators. It skyrockets their revenue. Below are the key advantages that operators can benefit from by making the switch to crypto powered gambling platforms:
We should start by stating that Bitcoin technology isn’t a universal remedy. It equally has it’s set of flaws. However, the advantages are more than drawbacks. To make you see this, we have shared some of the disadvantages below:
The disadvantages are set to dwindle in the coming years with the growth of blockchain technology. More casinos will pop up, and we shall see the rise of a separate licensing body dedicated to crypto gambling and related projects only.
We are living in the future now. Blockchain technology has made it possible to convert the computing power of our PC devices into money and use it to transact on almost everything. Online gambling via cryptocurrencies is just the beginning that is showing how and what to expect from this newly incorporated system. Certain crypto casinos are not ranked as reputable watchdog portals which is a great sign for the entire gambling industry.
The trend shows that gamers are starting to trust crypto casinos more than real money online slots. With this in mind, we encourage you to try Bitcoin gambling the next time you play slots.