Gambling has always been one of the most popular pastimes for a lot of people around the world. Whether it’s betting on horses or playing cards and slots, people are addicted to taking the chance and seeing if they can win big.
Thanks to the Internet, gambling has become more convenient than ever. Now, you can play your favorite casino games from the comforts of your own home. That said, the world of gambling continues to evolve. In recent years, a new form of online casino has emerged—casino sites that accept cryptocurrency. For instance, Evolution Gaming is known for their live studio casino games, like Live Roulette, Live Craps, Live Blackjack, and Live Poker, where you can bet crypto coins and assets.
This article will answer the question of whether or not you can use crypto for live casino games and why you should do it.
Can You Use Cryptocurrency On Online Live Casino Games?
Cryptocurrencies, like Bitcoin, have taken the world by storm. As more people embrace virtual currencies, the world is seeing numerous use cases and applications for cryptocurrencies. For one, they’ve become a popular payment method for goods and services, either online or in physical stores.
So, it’s no wonder that numerous industries, including the online gambling sector, have already adopted cryptocurrencies. You’ll find online casino websites and live casino games that accept them as a wager or payment. For instance, Crazy Time is an insanely fun live casino game that allows you to bet on your preferred cryptocurrency, including Bitcoin, Dogecoin, Litecoin, and Ethereum.
As long as the online casino website or app accepts cryptocurrency, you can use your crypto assets to pay and wager for a live casino game.
Why Use Cryptocurrency For Online Gambling?
A vast majority of gamblers is now flocking to cryptocurrency casinos that allow them to play and bet on their favorite games using cryptocurrency assets in the same way as they’d use traditional currencies. Below we’re sharing why crypto has become a favorite payment option for online gambling.
- Faster And Cheaper Transactions
In terms of transaction speed, traditional payment methods, such as credit and debit cards, prepaid vouchers, and e-wallets, offer instant deposits. However, things can get a little frustrating when it’s time to withdraw.
The average withdrawal time for credit cards and bank accounts can take up to five business days. This can be frustrating if you want easy access to your earnings from online gambling. This, however, isn’t a problem with crypto. Deposits to your online casino account will take a matter of seconds or minutes to reflect. It’s also consistent in terms of withdrawing your funds. As long as the online casino approves and releases your funds, they should reflect in your crypto wallet within seconds or minutes.
In addition to fast transactions, using cryptocurrency for live casinos also helps you save more on transaction fees. Unless the online casino site is imposing a fee, it’s generally cheaper to transact using crypto assets. Most traditional payment methods, such as credit cards, make their income by charging a fee for every transaction. However, this is not the case with crypto.
Crypto assets are also beneficial for players using international casinos. Unlike with fiat currencies, you also don’t have to worry about conversion fees when using crypto. Whether you’re depositing it to a local website or halfway across the world, the cost for crypto is the same.
- Lucrative Bonuses
Regular online casinos offer significant promotions and bonuses. However, to support the growing popularity of Bitcoin and other cryptocurrencies, most online casinos offer bigger bonuses if a player uses crypto to bet on live casino games.
The size of the bonuses and promotions will vary from one casino to another; however, it’s easy to snatch up to thousands of dollars of bonuses if you use crypto Other live casino games may also offer you free spins, chances, and bonus points when you play with crypto.
- Increased Security And Anonymity
Despite their popularity, most people are still skeptical about online casinos. As a result, most players may not want to limit the personal financial data that they share with the online casino. You don’t have to share your credit card numbers and bank account data with cryptocurrency. You can simply deposit and withdraw at the casino using your crypto wallet address.
Also, thanks to the decentralized nature of cryptocurrencies, they provide players anonymity and make it difficult to track transactions. You also don’t have to provide personal details about yourself, making crypto a perfect solution to remain anonymous while gambling away.
Takeaway
There’s no denying that cryptocurrency has become one of the hottest trends in the financial and technology industries. More and more sectors are adopting cryptocurrencies, and the online gambling and casino market aren’t falling behind.
Today, you’ll see online casinos embracing crypto as a payment method, thanks to the numerous benefits it offers.
