How crypto coins became a staple in online casino gambling

Retail Technology Innovation Hub
How crypto coins became a staple in online casino gambling
Wild Casino

All these technological and behavioural changes brought by Web 3.0 have also left a big mark on the gambling industry. Thus, it’s natural that cryptocurrencies have become an important part of the online casino world.

This evolution is a mix of technology and security. Add to that the fact that gamblers keep asking for better confidentiality control methods. So, it makes sense that the currency that combines all the above would become so popular.

Web 3.0 and cryptocurrencies are changing the casino world

Web 3.0, also known as the semantic web, is a new stage in the evolution of the internet. This era is marked by blockchain and cryptocurrencies. They have become the foundation of technology that’s meant to change the way we use the internet.

Online casinos know that their customers like the latest trends. This is why the reputable ones have rushed and adopted crypto coins and aligned themselves with these changes.

How can you use crypto when playing in online casinos?

It’s both easy and quite intuitive to use crypto in online casinos. The most important thing is to actually own virtual coins in your crypto wallet. The next step is to find a gambling platform where you can deposit crypto. (Most casinos that matter do accept them.

In order to fund your account, you’ll have to select your crypto type and just type the amount you want to deposit. After you do that, the casino will issue you a digital wallet where you can transfer your crypto.

That’s pretty much all you have to do. The transaction will be processed within seconds, so you will be able to gamble in no time.

A great thing about digital coins in gambling is that many online casinos offer bonuses to players who use them. Let’s take an example of a recently popular crypto bonus created by online casino

The basis of acquiring it is simple: after signing up, you link your crypto wallet and make your payment. The bonus activates, and you can play it on slot games and card games alike. These kinds of promotions add to the continuous use of crypto wallets, and people look for them often.

Rookie mistakes like not completing the sign-up process or not adding the bonus code rarely happen to users who know how the process works.

Pros and cons of using crypto casinos

Using cryptocurrency in online casinos offers you a high level of anonymity. This means that your transactions are not tied to your name. All deposits and withdrawals are super-fast, almost instant, another aspect that players love.

However, using crypto also has disadvantages. Its high volatility can make its value change in a split second. Another issue is that there still is a limited number of online casinos that accept crypto coins.

Players who use crypto must also pay very close attention when they make a transfer because these can’t be reversed. This means that if you make a transfer to the wrong address, there’s no way to get your money back.

Over 35% of gamblers use cryptocurrencies in online casinos

Data shows that more than a third of gamblers use cryptocurrencies when making deposits. Additionally, around 80% of the people who gamble using crypto say they plan on continuing to do so. This is obvious proof that players really trust digital coins as a payment method.

How can you find crypto casinos?

If you want to find crypto casinos, a simple Google search will help you. However, you need to find a legal online casino – this is crucial. Also, you will want to read what other players have to say about the casinos – their reviews can help you a lot.

At the same time, there are sites that specialise in listing online casinos. On these sites, you will find the casinos into categories. One of these categories is represented by the payment methods accepted by each casino. This probably is the best and safest way to find legit crypto casinos on the internet.

Over 75% of online gamblers use Bitcoin

We have all heard of Bitcoin – it most likely is the most popular crypto coin. It’s no wonder that more than 75% of crypto gamblers use it to fund their accounts.

Players also use Ethereum, Litecoin, and Doge, but the percentages are way lower compared to the ones who use Bitcoin. However, the reasons for using crypto are obvious: they are safe and almost instant.

Crypto coins – the safe future of online casinos

Using crypto in online gambling is quickly becoming a normality among casino players. Players like the advantages that come with the use of crypto. The fact that the transactions are anonymous must be one of the most important ones.

If you hold crypto, you already know just how volatile it can be. Also, as a gambler, you know just how essential it is to respect a budget. Thus, when you gamble with crypto, you must be even more careful.