There are so many online casinos out there, and they’re all trying to be as appealing to new players, which means that if you want to be picky about the features they provide, you can do this quite easily.
One of the first features you may review is the number of payment methods available. Tech-savvy players often look for casinos that offer crypto payments as an option. Still, why do they do this? What are the advantages that these crypto casinos offer that they wouldn’t be able to find elsewhere? Well, here are five such reasons to help you understand a bit better.
1. You can reinvest your wins more easily
A lot of people who gamble with crypto also invest in crypto. So, instead of having to deposit fiat money in their crypto wallet and buy new cryptos, you can just use your wins directly to buy new coins (with higher growth potential). So, regardless of whether you just want to buy a few tokens of big, well-established cryptos or intend to look for the best crypto presales, this is the simplest and cheapest way to go.
First of all, this takes fewer steps. There’s no need to create a heavier exchange involvement with more hefty fees and purchases. Instead, you get to make fewer transactions, lose less money, and have your tokens of choice in your account in a shorter time.
Another thing you need to consider is the fact that it’s simpler to deposit and withdraw from a crypto wallet. Registering for a crypto wallet is a simple process that, most of the time, won’t even ask you to prove or confirm your identity.
Lastly, cryptos have utility outside of reinvesting. You can use them to buy from online retailers and pay for your subscriptions. In other words, even if you don’t find anything worth investing in (which is highly unlikely), you get a use for them.
2. Enhanced privacy and anonymity
Online gambling is a habit that most people would prefer to keep secret. It’s not that there’s anything illegal or embarrassing about it; it’s just that, for a lot of people, there’s a stigma about this form of entertainment, and people would like to keep it private. This is why one of the things that people often look up before even picking an online casino is the way they protect your private data.
There’s also no need to share personal financial details with anyone. A crypto wallet doesn’t even require you to use your real name, and you can even engage in a higher level of cost control by limiting the amount of crypto you keep in a wallet at a time.
These transactions aren’t tied to your identity, which further helps you keep your dealings private. People from some areas of the world worry about the wrong crowd learning about their recent luck and hefty transactions coming their way. With crypto transfers, this won’t be that big of a problem.
While some see banks as reputable, the reputation for a lot of them is not that amazing. So, by keeping things crypto, you get to avoid banking institutions’ scrutiny.
When it comes to keeping gambling activities discreet, there’s no better way to do so than to pick the payment method that provides you with the most anonymity.
3. Faster transaction times
For a lot of people, waiting to receive funds can be quite stressful. After all, we’ve all heard about banking processing errors and huge funds getting lost in transit. Sure, we don’t believe that this could happen to us, but what if it did? The more money is on the table, the more serious the things get. In fact, some people get anxious just by checking their bank account.
So, the instant deposits and withdrawals you get with crypto can easily solve all of these problems.
With cryptos, there are no bank processing delays, no middleman, and no underlying infrastructure that you have to wait for to use your funds. You click the button to withdraw funds, and you will have the money in your account in no time. It’s really that simple.
The funds are also available 24/7 without interruptions. There are no bank holidays you have to worry about, and even if you need the funds on Sunday evening, you’re always just a click away. This is a luxury that you could never get from a conventional financial system.
All of this gives you better control over your funds. You don’t have to go to the bank or the ATM to use your funds. You don’t have to wait penniless while money is in transit. You get to use your money for whatever you want and whenever you want. It’s what real control is all about.
4. Lower transaction fees
By using cryptos, you actually get to avoid traditional banking fees. This is massive because the money you waste on transaction fees can be used for extra turns and spins. In other words, you get to play with the same amount that you’ve paid (approximately the same). Since the cost per spin is lower than average in online casinos, you get to play for longer.
If you’re playing on international casinos, with cryptocurrencies in play, there are no currency conversion costs.
You pay minimal fees even for unusually large transactions. As a result, this will yield in a far better value for frequent gamblers. Over the course of years, you get to save so much money.
The reason why cryptocurrencies have fees that are much lower is because they’re not supporting outdated and overpriced infrastructure (downtown venues, costs of representation for its unreasonably larger bureaucracy, etc.). DeFi allows them to have lower fees while still being profitable.
5. Global accessibility
When it comes to cryptocurrencies, there are no restrictions based on location. As long as you have a smartphone, you can transfer cryptocurrencies and pay with them. Now, when you take into consideration that some regions of the world are unbanked and underbanked, you’ll quickly realize that this might be the only choice you have.
Keep in mind that some gambling platforms only accept cards from local bank accounts and that your own local card may not be good enough. Well, crypto wallets are all the same in the eyes of platforms, which is why this is a method that’s always available. In other words, crypto payments can give you access to international gambling platforms.
Instead of handling local fiat currencies that you’re completely unfamiliar with, you’ll get to deal with a cryptocurrency that you might know a lot better.
A lot of people play on platforms not available in their countries as a way to avoid various regulatory restrictions. With cryptocurrencies, this will be a bit easier.
Cryptocurrencies are just perfect for online casino payouts
No matter what you’re looking for, when it comes to online casinos, cryptocurrencies do it better. They have fewer fees, provide faster transactions, and shroud you in a veil of anonymity. In other words, they do exactly what you want online casino payment methods to do. Even if you don’t intend to use it, it doesn’t hurt to check if the platform offers crypto payments. Who knows, you might change your mind later, and it’s better to have all your options open.