If you’re looking for anonymity and security when playing live online casino games, cryptocurrency can come in handy. Bitcoin, Ethereum, and Tether provide instantaneous deposits and have lower transaction fees, allowing you to maximize your winnings.
With so many online casinos adopting crypto, finding a reputable live casino taking Bitcoin has never been easier. But are the benefits of Bitcoin online gambling enough to justify switching from traditional gambling?
Let’s discuss the pros of using crypto for live online casino games:
1. Enjoy Improved Security and Anonymity
“One of the main advantages of using Bitcoin in live online casino games is privacy,” says Maumo. “Cryptocurrencies transactions are anonymous, meaning the identity of players is kept private. You can sign up, place a bet, and withdraw your winnings without revealing personal information to the casino.”
“And it’s not just anonymity that players should be concerned about,” he adds. “Security is also a big issue in the online gambling world. Bitcoin’s decentralized blockchain technology makes transactions secure and immutable, significantly reducing the risk of hacking or fraud. This gives you peace of mind while enjoying live casino games.”
2. Access Your Winnings Faster
Cryptocurrency payments allow players to access their winnings instantly. Traditional payment methods involve intermediaries and, as a result, take time to complete.
“The necessity for third-party verification of transactions has always been a source of annoyance for players who, in some cases, have to wait for quite some time to access their money,” says Maumo, whose website can help you find live casino taking Bitcoin.
“Since cryptocurrency transactions don’t need third-party validation, players can withdraw funds instantly, allowing them to play with a relaxed mind knowing that should they win, the money would be available immediately.”
Crypto also avoids potential delays with deposits, allowing you to jump right into the live action without any frustration.
3. Get Higher Bonuses
Since crypto deposits don’t require intermediaries, they’re cheaper to process for online casinos. This significantly lowers the company has to spend on transactions, motivating casinos to offer higher bonuses for crypto deposits.
“Cryptocurrency deposits cost online casinos significantly less to process than other digital payment methods. As a result, casinos have gotten to the point where they want more customers paying in Bitcoin, Ethereum, and Litecoin and are willing to offer incentives.”
4. Global Accessibility
Global accessibility is often a challenge in traditional online gambling. Can cryptocurrency help overcome this hurdle?
“Absolutely. Cryptocurrencies are not tied to any specific country or government, making them a universal form of payment. This means players worldwide can easily participate in live online casinos without worrying about geographical restrictions or limitations. It opens up a new world of opportunities for players and even operators.”
“Cryptocurrency general serves as a universal currency, allowing players to deposit and withdraw funds from anywhere with fewer hurdles. It also eliminates the need for currency conversions, allowing you to keep more of your money.”
But at the same time, Meamo says players will still need to convert their cryptocurrency to FIAT eventually, which comes with some charges.
“You also still need to pay a transaction fee for crypto deposits,” adds Maumo. “However, the cost is significantly less than that of conventional currencies.”
5. Your Money Is Your Money
The absence of a central regulatory authority means no one can freeze your winnings. Cryptocurrency remains largely unregulated, and it’s not taxed in some jurisdictions.
“This is another key reason why I expect cryptocurrency to continue increasing its share in the live online casino industry. We can expect to see more live online casinos adopting them as a payment option,” adds Maumo.