It is typical and nice when an online casino offers several payment options. This allows each player to choose their preferred payment method. However, it always happens that some payment methods are eliminated and others are added in their place. The latter applies to cryptocurrencies, which have grown significantly in recent years.
Reasons for the growth of cryptocurrency payments
In 2014, the first online casinos were equipped with the ability to place their own bets using cryptocurrency. Since then, various cryptocurrencies have become increasingly popular. This can also be attributed to the fact that many countries prohibit the use of credit cards. These include Mallorca and the United Kingdom. The reason credit cards have been canceled due to online casinos is that they can lead to over-indebtedness. Credit cards are attractive because you spend more money than you actually have. By the way: on our additional page you can find many good casino sites that also offer safe and secure payment methods!
To make up for the loss of credit cards, many reputable online casinos offer cryptocurrencies in addition to other payment methods. Of course, there are many gambling providers that have already offered cryptocurrencies. But how does this payment method actually work? Cryptocurrencies are digital currencies , which can also be used for digital payments only.
What cryptocurrencies exist?
The most famous cryptocurrency is bitcoin. Other popular cryptocurrencies can be identified by their sales. Starting a cryptocurrency is unlikely to have any impact. If you use currency sales, the following currencies can be characterized as particularly popular :
- Etherium
- BinanceCoin
- Ripple
- Peg
- Cardano
While these are the most popular cryptocurrencies, not all of them are offered by online casinos. Therefore, anyone who wants to gamble with digital currency should find out in advance what options their favorite online casino offers and if the cryptocurrency they already use is available.
What is a crypto casino?
The term crypto-casino is used for several casinos. On one hand, there are casinos that offer cryptocurrency payment in addition to other payment methods such as Neteller, Skill, bank transfer and credit card. However, these casinos play in regular currency, so winnings are calculated and paid in local currency.
This is where they differ from other crypto casinos. Basically, they only work with cryptocurrency, as in the case of https://bitcoincasinoz.net/solana-casino/. As a result, only the offered digital currencies can be deposited and profits are also determined in cryptocurrency. This also means that the bonus is also offered in cryptocurrency format. These casinos often offer other benefits such as an extensive VIP program or live roulette. This is another reason why these casinos are becoming increasingly popular. Learn about Cardano cryptocurrency already in this article.
Crypto casinos also inspire quick or simultaneous transfers, so that the wager is immediately available to play . There is no commission, so the desired amount is really available to play. Since they are not providers with a regular license, there are no wagering restrictions at these casinos. This is why more and more players are turning to gambling providers like Stake Casino with cryptocurrency as the currency. This way, you can bypass the legal betting limit.
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