No banks, no worries! – The perks of playing with crypto
More and more online casinos are now starting to accept crypto as a payment method. While we can’t imagine everybody will want to play with crypto, since it is still a rather ‘niche’ way to pay for goods and services, we know that there are some people who are, at the very least, considering it. This is a page dedicated to the benefits of playing with crypto at online casinos. While there are very few cons, we won’t be touching on the downsides here.
More online casinos accept cryptocurrency
More online casinos than ever are now accepting cryptocurrency as a payment method. This means that if you don’t have an easily accessible payment method that can be used at an online casino, then you can use cryptocurrency as a fallback. This means that you have more gambling options at your disposal.
Secure payment method
Cryptocurrency is known for its security. Unlike other payment methods, it is almost impossible for somebody to steal cryptocurrency from you if you do your due diligence, such as doing any gambling on secure sites. You have much more control over your crypto than you would over your bank account.
Everything about cryptocurrency is designed to be as secure as possible. Provided you don’t get scammed, your crypto is in safe hands. We’ve heard horror stories of people getting their banking information stolen, including credit and debit card information. We have rarely heard a story of somebody losing access to their cryptocurrency account outside of it being their own fault.
Fast money transfers
Cryptocurrency, for the most part, is almost instant as a payment method. There are some ‘quirks’ that do slow it down slightly on occasion, but you likely won’t need to worry about this. We have found cryptocurrency to be one of the fastest payment methods around. It also lacks the downsides of traditional payment methods such as the possibility that somebody could swoop in and steal your data.
Enhanced anonymity
If you’re gambling at almost any regulated online casino, you can’t be 100% anonymous. The majority of regulated online casinos need to know who their customer is. This is a licensing requirement to prevent money laundering and, also aims to reduce the chances that somebody ends up becoming a problem gambler. However, your bank won’t know that you are gambling and nobody that looks at cryptocurrency transactions will know who you are, or what you are spending your cryptocurrency on.
Honestly, when it comes to gambling, using cryptocurrency is the most anonymous payment method that you can use. Every other payment method that you see at an online casino or online sportsbook can be traced to being a gambling transaction in some way.
Puts your crypto to use
We know that some people will sit on their crypto for a while in the hope the value goes up but, let’s be honest, the vast majority of people will want to use it for payments as it was originally intended. If you have invested in a few types of crypto, you may want to put it to use and spend it online. You don’t have to spend it all, but gambling is one of the rare ways to spend crypto cash right now, so feel free to use it.
Bonuses specific to cryptocurrency
If you head to places like AskGamblers.com, you will notice that there are a few online casinos that offer bonuses specifically for those depositing using crypto. It is a nice little perk. Always read the terms and conditions of these bonuses to know what to expect from them though.
Nobody can freeze your assets, especially with higher value transactions
Your crypto assets can’t be frozen. Not many people know this, but your bank could freeze your assets at any time. Some banks in India will even prohibit gambling transactions, especially for higher amounts. You don’t want that to happen. If you gamble with cryptocurrency, nobody will stop your crypto funds from getting to an online casino or sportsbook, no matter how high value the transaction. Please remember to gamble responsibly though.
Appreciation of crypto
Cryptocurrency values can rise. If you gamble with crypto, even if you lose, you could end up with more value than you put in. You can’t say that for gambling with cash. This can work the other way too though. If cryptocurrency values fall, you could lose out even if you win. However, if you gamble with established cryptocurrencies, this is rarely a problem.
Final thoughts
As you can see, there are several perks for gambling with cryptocurrency. Why review a few of these perks and decide whether gambling with crypto is right for you? You may find that it unlocks a treasure trove of online casinos that you might not otherwise have had access to.
