Gambling has already firmly established itself in the digital space, which is why online casinos are very popular. Now, technology has advanced even further. In addition to standard fiat banking, more and more casinos offer cryptocurrency payment methods. Is it worth keeping up with the times and placing bets using Bitcoin or Ether? Let’s take a look at all the comparative factors.
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Security
Regular online casinos provide certain guarantees for the security of your personal and card data. However, it is impossible to guarantee the complete security of your fiat account. Some banks or intermediaries between the bank and the casino may impose additional restrictions or even freeze your account.
With regard to cryptocurrency, your funds are always stored in your personal wallet, and they are insured against being frozen by banks. However, there is a risk of a fall or change in the rate of the cryptocurrency itself, which cannot be influenced.
Auditing
Crypto casinos have a distinctive option – the ability to audit the services provided. The open-source code allows the user to control the algorithms for calculating the winners and other in-game processes. Also, you can track and verify the methods of all transactions. This makes the game fair and open. Moreover, it gives more confidence to the player.
Traditional online casinos do not have this feature, which reduces customer confidence in the resource and supplier.
Fees
In regular online casinos, many additional factors affect the amount of the fee. You will have to spend additional funds if:
- the bank requests a commission for the transfer
- you are in another region or country
- you need to exchange your currency for one of the available on the site
As for cryptocurrency, things are different. Most cryptocurrencies have a fixed fee for transferring funds to casinos. It does not differ depending on your location or the amount of the deposit. For example, the fee for Bitcoin is approximately 10 cents in dollars (it may vary a bit depending on the rate of exchange). It doesn’t matter if you entered 0.0012 BTC or 0.9 BTC – the commission amount is always the same.
The Most Trusted Cryptocurrencies In 2021
It has been over a decade since the most popular and expensive cryptocurrency today, Bitcoin, appeared. But at the moment, there are already more than 7,000 different cryptocurrencies, and it is worth choosing the most progressive and stable currencies for gaming.
Bitcoin (BTC) is the very first cryptocurrency, and it is considered gold on the market. It is recognized as the official payment method in many countries around the world. Its popularity and stability are associated with the small number of coins in circulation and the high cost of one coin.
Bitcoin Cash (BCH) is one of the newer versions of Bitcoin. Its feature is powerful data blocks, which allow you to perform more transactions at the same time with a lower commission.
Litecoin (LTC) was created as a simplified version of Bitcoin. It is considered the silver of the cryptocurrency market. Its average transaction speed is three times faster than Bitcoin, and it also has lower system requirements for mining.
Ethereum (ETH) is a decentralized cryptocurrency based on blockchain technology. At the moment, Ethereum is in second place after Bitcoin in terms of market capitalization, and it keeps growing.
Chainlink (LINK) is Ethereum’s smart contract platform. Its inventors managed to combine the accuracy of the transfer with all the advantages of smart contracts. This platform is considered to be trusted, and it is widely used for decentralized financing.
The Best Platform
If you decided to gamble with crypto, you have to pick up a trustworthy recourse for this. BTC Casino is a trusted online gambling platform. It accepts both fiat and crypto payments. The service accepts 14 different currencies; so, you may choose the one that suits you best.
The gaming assortment is pretty wide – more than 5,000 casino entertainments in total from over 40 reputable software suppliers.
There are several bonuses and promotions in the casino. You may receive additional bonus money on the first 3 deposits or get up to 100 free spins on the weekend. Offers are regularly updated.
The safety of the data is provided by an SSL ciphering. The fairness of the casino is regulated by the Curacao licensing. Thus, you may be sure that all your data are reliably protected.
Conclusion
Crypto casinos are a new level in online gambling. Cryptocurrency transactions are safer, faster, and they have fewer restrictions and fees than fiat ones. Use one of the progressive stable cryptocurrencies and enjoy modern gambling.
If you are interested in even more entertainment-related articles and information from us here at Bit Rebels, then we have a lot to choose from.
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