There's an increase in the number of online casinos that are becoming fashionably streamlined and are offering their players more options to do their transactions. A most recent and revolutionary form of online payment, called cryptocurrency, has been adapted by many online casino operators across the board and comes in the form of Bitcoin currency and several other variants.
Described as virtual currency by the US Treasury, cryptocurrency can be directly exchanged for normal bank currency at the current value depending on the type of cryptocurrency used. For example, the dollar value for one tenth of a Bitcoin is at $1 203 as of August of 2020. The online currency gets stored to a "wallet" which can be accessed by the user directly from their desktop. Cryptocurrency is becoming a more accepted form of payment for online casino players as it is a more secure and safer way of doing transactions and also diminishes transaction fees as cryptocurrency is not directly linked to a financial service provider.
There are many types of crypto coins available each with their own respective values. Here we have listed a few popular crypto coins that you can use when playing at an online casino.
With the ever increasing amounts of new online casinos appearing every day, there is a good chance that they would be offering cryptocurrency as a form of payment. This might entice online casino players who are on the lookout for these types of online casinos, however, there are a few scam sites out there offering to accept crypto coins to lure unsuspecting victims in. There are a few checks you are able to make before using your crypto coins at a new online crypto casino.
Side note: The quality of the online casino can also be measured by the types of software providers that they are affiliated with.
This would give you a clear indication of what to expect at a new online casino. You are able to use and move crypto coins around without revealing your identity and gives their users true anonymity. Below is a list of a few trusted online casinos that accept cryptocurrency.
It seems that cryptocurrency is here to stay and remains a fast, exciting as well as cost effective way to make transactions at your favourite online crypto casino. Cryptocurrencies can be used for the convenience for not only cryptocurrency miners but also the general public. There is no major difference between using cryptocurrency and a standard payment method besides the fact that it gives the player complete anonymity which adds to the security factor. Join the crypto revolution now and invest in your own online cryptocurrency.