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Cryptocurrencies have become quite popular with the online casino community, and there are many good reasons why this is the case. The payment method, despite is entry barrier, is very convenient. It allows for quick and easy cash outs, and makes any gameplay much easier whether you are trying your luck at roulette tables with racetrack or plain old slots.
Today, we will take a look at what makes crypto payments such a preferred, reliable, and trustworthy option for players in online casinos. Much like you would visit Ruleta77 to get everything you need to know about roulette, so you would want to stick around and read on to find out more about the distinct benefits crypto deposits offer players in online casinos.
Crypto makes it easier to deposit
Although crypto payments do have a somewhat higher entry level (you need to buy crypto, learn about storing it in “cold storage” and so on) the payment method is actually somewhat preferable to traditional FIAT payments.
The reason for this is that crypto makes it easier to deposit. You top up your account instantly, and there is no need to worry about payment fees, for example. Since there is no intermediary, the deposits are free of any intervention, meaning that there is no risk of your funds getting stuck, for example.
Crypto comes with some excellent bonuses
This much is true. Crypto deposits usually entail some massive deposits that may shock you at first, but are perfectly normal in the context of the casinos you will visit and play at. Some casinos may even offer you up to 5 BTC, and even though the price of Bitcoin is changing all the time, you can imagine how this could translate to $300,000 as of today’s rates.
These bonuses are huge, but of course you will have to deposit some BTC yourself before you can access them. Nevertheless, people looking for big bonuses will most certainly appreciate crypto deposits as they enable them to pursue that high-stakes casino experience that was previously unavailable to them.
Anonymity and safety
There is a bit of misunderstanding about what anonymity in crypto means. Now, when it comes to casinos, most respected websites will run comprehensive background checks. They do this to avoid facilitating money-laundering and more importantly, to ensure that hey protect consumers from gambling-related harm, for example. This begs the question, however – are crypto deposits really anonymous?
Yes, they are. The only other entity that knows your identity is the casino, but they keep it encrypted and so long as you play with internationally regulated casino websites, the chances of getting your private information are very slim. There have only been a few instances of this happening in the industry’s 25-year history.
For everyone else, moves on the blockchain are visible, but nobody can tie a certain deposit made at a casino to you. This does give you a layer of anonymity and further enhances the protection you get managing your finances.
Stablecoins that combine the best of both worlds
Understandably, some players may be little skittish when it comes to crypto. This is understandable. After all, there are many players who don’t feel comfortable with the way these assets tend to change their value in the matter of minutes, and often posting some wide swings.
Yet, there is a way to work around that and it’s called stablecoins. Stablecoins are cryptocurrencies that are tied to the value of an actual currency. The upshot is that you get the financial stability of the currency based on Central Bank operations, but do not actually allow banks to intervene, as everything is handled based on a ledger technology that uses a peer network to verify transactions.
