Crypto Casinos The Hottest Trend Of 2019

Posted by BitcoinCasino on February 18th, 2019

Crypto Casino Sites

In as much as governments and the banking industry try to deny and block cryptocurrency use, it remains as a convenient and anonymous payment gateway that’s open to the masses. Crypto use eliminates transaction fees, nor does one have to create a bank account or apply for a credit/debit card. Users only need to create an E-wallet and have a stable internet connection.

Cryptocurrencies are multiplying by the day, and as much as they’re revolutionizing the financial sector, they too have their drawbacks. Unlike traditional financial institutions where you have to part with a wealth of information including your home address, phone numbers, and identification, Blockchain currencies are entirely anonymous.

Provably Fair Gambling

Cryptocurrency gambling is advantageous to users. Blockchain tech uses open source tech allowing users to follow transactions in real-time. The software running gaming platforms hooks a unique number to each spin, players key in this number in the open ledger to check where the spin was random and not interfered with by the casino. You can sample these games at no financial risk by using a free bitcoin slot machine faucet that provides tiny amounts of mBTC for gambling purposes with no deposit requirements.

Easy Transactions

Traditional online casinos withdrawals done via regular banks take between 3 to 5 business days. E-wallets transactions also take between several hours and up to 3 days if one is lucky. However, through cryptocurrency e-wallet transfers, transactions take between a few seconds to a couple of minutes. Other than sitting and waiting for three to five days to elapse to access the funds, Cryptocurrency casinos allow users to access funds instantly so they can place wagers when they’re still on happy winning pheromones.

Transaction Fees

Another advantage of cryptocurrency use is their low transaction fees. The blockchain tech powering casino takes out the need to use intermediaries thus keeping operational costs low. Moreover; there are no transaction limits. The only down point to cryptocurrency use is that large transactions take a little longer to process since they have to be handled manually to guarantee safety. Anything from 5 BTC and beyond is considered as a sizeable transaction that needs to be done manually.

Thoughts

Cryptocurrency casinos are providing users with a bunch of advantages over traditional online casinos. Provably fair gambling to float trust, faster transactions, anonymity gambling, and higher odds are more advantageous to users on crypto gamblers. Users can also follow up with their transactions in real-time through the open source platform provided by Blockchain. Business owners also benefit immensely from the low operational costs and more player traffic that adds to their profit margin.