CRYPTOCURRENCY AND THE GAMBLING MARKET

CRYPTOCURRENCY AND THE GAMBLING MARKET
CRYPTOCURRENCY AND THE GAMBLING MARKET

With the rise of cryptocurrency that is not likely to stop any time soon, casinos and gambling services have jumped in and are trying to cater to that market. Everything pretty much works like in a normal casino, the only difference being the currency you pay with. However, there are some different mechanics and games that have been brought forward in this ever-changing market. Pretty much all of the changes and new developments in the market have been for the better. Some are sceptical since the value of currencies can fluctuate highly.

But we explain that and more here.

What currencies get used most?

On most online gambling services you’ll find that the most accepted coin would be Bitcoin, the king of cryptocurrencies. But if you look closely a lot of other coins are being accepted, like ETH (Etherium), DOGE (Dogecoin), XRP (Ripple), LTH (Litecoin) and DASH (Dash).

In essence, it all comes down to the same thing – some coins may fluctuate in price a bit more than others. It’s recommended to have some knowledge of crypto before you embark on this journey, but you’ll find the best crypto gambling sites on CryptoGambe.tips so this is a good place to start.

The bonuses on cryptocurrencies casino’s

Probably one of the best parts of the entire cryptocurrency casino scene are the bonuses you receive. With most casinos you do however receive some kind of deposit bonus but with crypto currency they really go out of their way to give you a big bonus as a new player or even as a more advanced player. So this is really where cryptocurrency casino’s shine.

Most bonuses come in the form of deposit bonuses or free spins. But after signing up to one, you often get free credits!

Let’s talk transaction fees, payouts and customer identity

Most online casinos offer zero fees on transactions, meaning unlimited free transactions daily. No verification is needed for most of them ensuring security of players’ funds and identities. Another big thing that gets overlooked with cryptogambling is payouts, the payouts get processed instantly and an average crypto transfer takes about 30 min – 2h to complete, depending on the coin population of the network.

Not to go through KYC (Know Your Customer) is also a big plus, as this is time-consuming and could be a point of data breach of your privacy.

 

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