With the rise of cryptocurrency not likely to stop anytime soon, casinos and gambling services have jumped in and are trying to cater to this market. Everything basically works like in a normal casino, the only difference is the currency you pay. However, there are some different mechanics and games in this ever-changing market. Almost all changes and new developments in the market have been for the better. Some are skeptical because the value of currencies can fluctuate greatly.
But we explain that and much more here.
What currencies are most commonly used?
With most online gambling services, you will find that the most accepted coin would be Bitcoin, the king of cryptocurrencies. But if you look closely, there are plenty of other coins accepted, such as ETH (Etherium), DOGE (Dogecoin), XRP (Ripple), LTH (Litecoin) and DASH (Dash).
It’s basically the same thing – some coins can fluctuate in price a bit more than others. We recommend that you have some knowledge of cryptocurrencies before embarking on this journey, but the best crypto gambling sites can be found at CryptoGambe.tips, so that’s a good place to start.
Cryptocurrency Casino Bonuses
Probably one of the best parts of the whole cryptocurrency casino scene is the bonuses you get. However, with most casinos you will get some kind of deposit bonus, but with cryptocurrency they really try to give you a big bonus as a new player or even as a more advanced player. So this is really where the cryptocurrency casino shines.
Most bonuses come in the form of deposit bonuses or free spins. But you often get free credits after you sign up!
Let’s talk about transaction fees, payments and customer identity
Most online casinos offer zero transaction fees, which means unlimited free transactions per day. Most of them require no verification, ensuring the safety of players’ funds and identities. Another big thing that is overlooked in cryptogambling is payouts, payouts are processed instantly and an average crypto transfer takes about 30 minutes – 2 hours to complete, depending on the number of coins in the network.
Not going through KYC (Know Your Customer) is also a big plus as it is time consuming and could be a breach point for your privacy.