What are online money earning sites in gaming care about? Making money, right? Well, using the usual methods can be a little rough on your pocket. The future is making money with cryptocurrencies and what is better than the first and king of all, Bitcoin?
So, instead of telling you why you shouldn’t use real currency to play. We’ll introduce you to seven advantages of using cryptocurrencies in online money earning sites casinos. If you do stick to the end, we can assure that you will want to switch to cryptocurrencies immediately after.
The world of cryptocurrencies is huge and growing. One of the first to introduce cryptocurrencies and then, other coins was the online gambling industry. They were one of the first to recognize their usefulness and practicality, which is rare with other payment methods.
This is why there are so many online money earning sites and casinos that offer cryptocurrency as a payment option and why there are more and more crypto-exclusive casinos today. According to Jason Peter of CasinoUSA.com, more than 24 online casinos accept cryptocurrencies (such as Cryptocurrency, Ripple, XRP, and others) as a means of payment.
All of this just goes to show how cryptocurrencies and gambling online games platforms go hand in hand, and it is often enough for most to just use cryptocurrencies to play online casino games. In this regard, you may want to learn more about crypto gambling to make sure this is the right course of action for you.
With this in mind, we would like to offer you the most important advantages of playing online games in casinos and real money gaming apps with cryptocurrencies. Let’s see if we can convince you into switching over.
Although the idea of cryptocurrencies has been mentioned in the last few decades; the first idea was nothing more than Bitcoin. It was launched in 2009 with the main goal of making internet transactions faster and more private. Data protection is everything cryptocurrencies are designed for.
Like most other major cryptocurrencies, similar to Bitcoin, it is a decentralized entity, meaning that no bank or government system has jurisdiction over it or the transactions made with it. That means your data is nowhere to be seen. All you have to do is enter your cryptocurrency wallet address (your cryptocurrency storage location), and you are good to go.
Over the years, more and more people have learned the art of hacking, so it is important to keep your personal information safe to prevent your money from being stolen. That’s why you should attach great importance to security. There are many physical storage units where you can store your cryptocurrency.
#2 Low Merchant Transaction Fees
As mentioned earlier, like Bitcoin, cryptocurrencies are decentralized entities. In addition to protecting your personal information, the transaction fees you have to pay can be very low, if not zero, because transactions are not made through other banking systems or services.
However, all transactions made with cryptocurrencies are stored in a public ledger known as the blockchain. It is the kind of database that all cryptocurrencies are built to function properly and track their users’ transactions.
Each payment method has a fee, and the same applies to crypto payments. However, there is a big difference in the amount of these fees. For most cryptocurrencies, they make up only a fraction of the total – usually a few cents.
#3 Rapid Transactions
Due to the mentioned decentralization reasons, the transaction duration will also be minimal. If fiat currency transactions take hours or sometimes even more than one day, then cryptocurrencies have the advantage that everything is managed completely online.
With no intermediary involvement, this means your money will go straight to your cryptocurrency wallet as soon as the online casino allows your withdrawal request. However, be careful; each transaction is executed after the current blockchain block has finished processing.
#4 Promotions and Bonuses
One of the main advantages of using cryptocurrencies in online real money games in casinos is the number of bonuses and various promotions that you are entitled to. Traditional online casinos offer 50%-100% match bonuses up to several hundred dollars on your first deposit. This is changing with the use of cryptocurrencies.
CloudBet, one of the best online casinos for cryptocurrencies only, offers a 100% first deposit bonus of up to 5 BTC. There are usually more bonuses on your next deposit, and in some cases, there is even a lifetime reload bonus.
The various promotions offered by online real money games based cryptocurrency casinos often give you free spins or refunds and sometimes, even tickets to special events like poker tournaments.
When using cryptocurrencies, most online casinos do not ask for any personal information other than your cryptocurrency wallet address and username. In the first section on the advantages of cryptocurrencies, we found that data protection is everything for cryptocurrencies. So, if you are asked to provide additional details, you should leave that particular online casino and try to find a new one.
The process of helping the blockchain to track transactions with specialized hardware and software is known as “mining.”
Mining can be a lucrative business depending on the currency you choose. However, with cryptocurrencies, the process is a loss. As Bitcoin price hit a tenfold multiplier, more and more people are starting to dig into it with solid computers. Therefore, the pool for smaller players is significantly narrowed.
#7 Higher betting limits
Crypto money earning games casinos are not subject to the same government restrictions as regular casinos. This often means they can set higher betting limits, which is ideal for big players.
In addition, many of these casinos have useful VIP programs that increase the limits even further. The highest level of this loyalty program is designed for the most prominent high rollers where restrictions are almost irrelevant.
In general, anyone who wants to bet on the big ones should only ideally use crypto money earning games casinos.
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