The willingness of the online gambling industry to adopt new technological advancements is one of the reasons for the rapid rate at which it is expanding. A typical example is the adoption of cryptocurrency. Many industries remain wary of accepting cryptocurrency because of fear that it may be detrimental to the future of their business. However, this isn’t the case with real money casinos 2023 and online slots real money.
Known for being an industry that takes risks, online casinos constantly adopt new trends to meet the market’s ever-changing demands. As a punter, using cryptocurrency can boost your online casino experience.
Cryptocurrency gives punters a couple of advantages that can help them better leverage their time at cryptocurrency casinos. Moreover, cryptocurrency paves the way for punters to claim numerous bonuses and promotions. Ways Cryptocurrency advances your casino experience are plenty, but here are six ways it makes a difference.
One of the reasons cryptocurrency is so popular in online casinos is because it is easily accessible, which is as interesting as the reality of working at a casino. With certain fiat currencies, you can only use them in specific regions and countries.
In other words, fiat currencies limit the number of online casinos you use. When you are in a country where fiat currency is not accepted internationally, you would have to start looking to first convert to an accepted currency before funding your account.
But when you switch to cryptocurrency, you will not have to face this limitation. If you live in a crypto-friendly region and try to access a crypto casino, accessibility wouldn’t be an issue. With cryptocurrency, you can send money globally with ease. Since the crypto network is decentralized, the government has no control over it. Hence, you can play at your favorite casino while sidestepping the downsides of using fiat currency at a casino.
2. Increased Security
Many punters face one primary concern when registering at a new online casino: risking their banking information. It does not happen all the time, but sometimes, hackers may be able to breach the firewall of some online casino to steal the data of punters.
Hackers can transfer funds from punters’ bank accounts with the punters’ banking information (such as credit/debit card details). While this is a real challenge, punters can mitigate it when using cryptocurrency.
Cryptocurrency offers punters one of the most secure ways to fund their accounts. When punters fund their accounts with cryptocurrency, little to no information is left behind. Moreover, even though cryptocurrencies are easy to track, it is impossible to manipulate their transactions because they are encrypted. So, even if hackers can breach the firewall of any online casino, your finances are safe as they do not have enough information to steal your cryptocurrency.
3. Cost Efficiency
As you already know, cryptocurrencies are decentralized; hence, they do not have any governing body to validate transactions; this cuts down the cost of maintaining the network. When you perform transactions at real money casinos in 2023 with fiat currencies, the banks always require additional costs and fees.
For example, you will be charged between 3% and 5% cash advance when using a credit card. The fees can be considerably higher when performing international transactions.
Using cryptocurrency to perform casino transactions is more cost-efficient. The charges for performing Cryptocurrency transactions are way lower than fiat currencies. Moreover, most crypto casinos will not charge you any fee for withdrawal when you use cryptocurrency. But do well to check the crypto casino terms and conditions to ensure no other standing fees.
Another very frustrating challenge punters face when gambling online is the number of hurdles they must go through to receive their money. For example, SWIFT payments can take between 1 and 5 working days to cash out your funds. Punters go through such hurdles, especially when trying to make payout through international businesses.
But with crypto, none of this is an actual issue. Punters can withdraw and make deposits within minutes, and the money will be dispatched to your account and show up on your balance. You would not find any other financial asset that rivals the speed of cryptocurrency, especially when sending funds internationally. Therefore, if you need to make an emergency deposit or withdrawal from your casino account, cryptocurrency is perfect for the job.
If you want to play at an online casino but you do not want to be exposed to the risk of being hacked so you could choose the right gambling website, then the best way to go about it is to use crypto. When you use other payment options such as credit cards, e-wallets, and several others, your financial information gets stored on their server.
If someone were to hack the server, they would have access to your personal information. While many online casinos do their best to ensure punters’ privacy is not compromised, there is little they can do in the case of a server hack.
So, to ensure you are never in a vulnerable position even if the server is hacked, using cryptocurrency for transactions is a perfect solution. Using cryptocurrency to perform transactions will not leave your personal information stored anywhere. In other words, cryptocurrency ensures high privacy
. Also, since the online casino does not have your banking details, they cannot leave a negative effect on your credit score. Sometimes banks look through statements to understand the spending habit, especially when applying for a loan. And if they spot any gambling activity, they may pretty much refuse the loan. But since you are using cryptocurrency, there will be no record of your gambling activities.
6. Better Gamification
The crypto network, mainly the blockchain, makes it possible for games to be developed purely to appeal to crypto gamers. These games will go beyond traditional genres such as table and slot games. Some online casinos have even developed their unique multi-layer games.
The innovation that goes into creating purely blockchain-based games creates better gamification overall. It is not only about having arcade-style games but about the ability to play and use skill to win in the game.
Even though the blockchain industry doesn’t advertise its games as skill-based, their existence is an indication that it has a bright future. It is possible to create riveting and realistic games that do not necessarily behave like gambling levels with cryptocurrency. While you may need to unlock some aspects of the experience by paying the crypto gee, that is simply a way to access more enjoyable features.
Cryptocurrency solves many problems punters face in the online gambling industry. It is a faster, safer, and more cost-effective solution for punters and online casinos. Also, do not miss out on the opportunity you stand to gain when you use cryptocurrency at an online casino.
Choose the ideal crypto that suits you, and use it to wager on a crypto casino for added advantage. If you are not taking advantage of cryptocurrency to increase your online casino experience, then it’s time you join the train.