Cryptocurrencies are digital currencies created by the anonymous Satoshi Nakamoto, back in 2009. Nowadays, people use cryptocurrencies when shopping in online stores, paying deposits in online casinos, paying rents and accommodations, etc. There is no doubt that bitcoin is one of the greatest technological and financial innovations of the 21st century, and its future in the online gambling world looks bright so far.
Online Casinos Accepting Cryptocurrencies
Payment methods at online casino sites were always a sensitive subject, which is not surprising since people want to deposit money safely and withdraw their prize without any difficulties. Many online casinos have given a chance to different kinds of cryptocurrencies.
Casinos that accept this method are called “Bitcoin casinos” or “Cryptocurrency casinos”. Besides Bitcoin, some gambling sites also accept Dogecoin, Litecoin, Dash, and Ethereum. Out of these digital currencies, Ethereum currently has the highest value.
Even though players are skeptical when it comes to something new and revolutionary, the number of players using the cryptocurrency method on gambling sites is increasing. You can find over 100 online casinos that accept bitcoins or other cryptocurrencies. Some online casino sites started accepting cryptocurrency deposits while keeping regular methods but some are exclusively using cryptocurrencies. For Indian players who are willing to give crypto casinos a try 10cric is one of them accepting this method. On this site, players can deposit funds using bitcoin converted into INR.
It’s very important to make sure the site you choose is licensed and trustworthy, and then you won’t have to worry about the safety of your money, whatever method you choose. There are some advantages of using cryptocurrencies at gambling sites.
The Advantages of Cryptocurrency Casinos
One of those advantages is the speed of processing transactions. It’s very fast and it doesn’t involve any unnecessary complications like waiting for a payment provider or a bank to confirm. You don’t have to wait after depositing, you can start your game right away and if you get lucky, withdrawing cryptocurrency is also a few clicks away from you. It’s also a way to assure that you won’t get rejected when making deposits and to reach total anonymity.
Cryptocurrencies are specially used for by esports bettors, which are mostly young adult people. To use cryptocurrencies you have to do your research and once you have a good grasp everything else comes naturally. Young people are probably following trends more than the older population and that’s why using cryptocurrencies for gambling sites is the most common among them.