(Newswire.net — July 15, 2022) — We people are in need of something decentralised, something independent of governments for sure when it comes to money and finances. This is where cryptocurrency came in and turned the game around. So we are seeing a global mass adaptation of cryptocurrency in payments, bills, and subscriptions. Now leisure and entertainment are also adopting cryptocurrency as a form of payment. Thought buying a car with Bitcoin or Dogecoin is crazy? Right now, something else is hoarding a lot of traction: cryptocurrency gambling and casinos. In this article, we touch on why and how crypto casinos are having this explosive growth as of late.
Finding a legit and reputable crypto casino
Sadly because the crypto space is so big and hyped, scammers may come along the way ruining not only the name of the cryptocurrency market but leaving people in financial problems. With a market so big you really need to take precautions before every move you do there. There will always be rotten apples in the crypto community trying to make people’s lives harder. A service online called dappgambl.com lists all the well-known and safe cryptocurrency casinos in one place. They have reviewed and tested out all these sites and gave them a rating. Read more about it on their website. They are well loved and respected among the crypto community. If you are entirely new to the crypto space check out our article here about it.
Transaction speeds and costs
With normal casinos you’ll find you will often be required to sign up for some kind of membership or club before being able to play, piling up the costs. Other online casinos often will charge you transaction costs. Even though these are relatively small, they can and will add up after a bit. Another big one is transaction speeds. Often in modern-day casinos when you win over 600$/€/£ they’ll wire transfer you the earnings, again adding transaction costs. Also, this often takes 3-5 days before the funds arrive in your bank account. With crypto casinos, you not only pay little to no fee or costs but the transaction often happens within seconds or minutes.
Security and hacking
If you go on and deposit money into an online casino or even in a physical casino you are giving away your details. In an online casino, you give away your banking details that could be hacked. You are required to give your ID or other identification documents. Which could end up either hacked or in the wrong hands. In a physical casino, you often use cash to buy chips or pay by secure debit or credit card in person. But you still need to give them a copy of your identification papers and proof of income. Which internally everyone has access to or the database where they store your documents could be hacked and you could become a victim of identity theft.
With crypto casinos, you often or nearly never have to go through that. The funds come in from your crypto wallet, which is pretty much 100% tight if you set up the measures.
Everything happens anomalously, and everything is decentralized, so there are no lurking eyes looking at you with every move you make.