Whilst many online casinos opt for your traditional payment methods, others want to offer their players an extra layer of security, and protection. Many crypto casinos offer Bitcoin are other payment methods that fall under the cryptocurrency umbrella.
Since cryptocurrencies become popular a few years ago, many started to shun the payments due to the fact that sometimes it is used for illegal business via the dark web. However, if used properly and in a structured manner, cryptocurrency and blockchain can be used to purchase an array of services or goods online, including gambling at online casinos and sports betting sites.
When you ask players why they use cryptocurrency at online gambling sites, most people will tell you that the payment methods provide many layers of security and also an element of staying anonymous when wagering funds on your favorite games. If you want to find yourself a cryptocurrency casino, you are in luck as we have summed up some of the best cryptocurrency casinos out there. Alternatively, we suggest that you check out the license that the casinos have. Chances are if the online gambling site has an MGA (Malta Gaming Authority) or a UKGC (United Kingdom Gambling Commission) license, they would not support cryptocurrencies, however online casinos that hold a Curacao gambling license support such payments.
To check if the gambling site supports holding cryptocurrencies, you would need to make it to the Payments or Finance section of the online casino, and check what payments are accepted by the said gambling site. Whilst many gambling sites are now offering using crypto as a payment method, many gambling sites also offer you various bonuses and offers if you deposit and play using Bitcoins and other payment methods.
Cryptocurrencies that you can use at Crypto betting sites
In terms of cryptocurrencies, you can find many, however, not all sites support all crypto payment methods. Some cryptocurrencies that can be used as deposit and withdrawal methods at gambling sites include:
To use cryptocurrencies, you would need to have the specific payment that the gambling supports. Simply head over to the gambling site and click the Deposit Section. Select the cryptocurrency of your choice and deposit money to start wagering on games and playing.
What are the benefits of using cryptocurrency for your gambling?
There are many benefits of using cryptocurrencies when playing and wagering on games of chance sports. Below we have summoned some of the benefits that you will enjoy using cryptocurrencies:
Less Fraud - Whilst using a credit card could result in having your information shared online, this could also lead to fraud. Using cryptocurrencies, you will experience less fraud with the extra security layers that crypto enjoys.
Convenience - You can play and use Crypto from anywhere you are and also on a 24/7 basis.
Anonymity - Using cryptocurrencies, you can start anonymous all you like. Whilst many payment methods offer you a good level of protection, cryptocurrencies are a fortress and will protect your fund and also your identity at all times.