Cryptocurrencies are becoming increasingly popular amongst casino users, with Bitcoin being the most popular as the world’s largest cryptocurrency. Online casinos such as VIPCoin Casino have moved quickly to allow this new currency option for consumers, while traditional gambling firms are stuck with heavier regulations and cumbersome red tape.
The Bitcoin rally in 2021 lifted the crypto market and brought a new wave of investors to the sector. More cryptocurrency-focused casinos have now popped up to cater for crypto enthusiasts, giving them an edge over traditional casinos that have been slower to adapt.
The most crypto-friendly casinos cater to investors’ needs by offering a selection of different cryptocurrencies accepted in their slots and table games. In this article, we will explain the draw of cryptocurrency and why more casino fans are using them.
There are many advantages to using Bitcoin over fiat currencies, both when playing online and using existing coin holdings.
Many crypto casinos do not require background or credit checks when being sent Bitcoin, as blockchain transactions are harder to trace than fiat transactions.
Decentralization is another key design element of Bitcoin. Decentralization means that there is no centralized party that can interfere with your payments. Traditional banks may frown on casino payments, which can sometimes create issues when applying for loans or other products. There is no office interfering in your payments with crypto and users have more freedom.
Cryptocurrency is becoming even faster to send and can rival payments giants like Visa and Mastercard in transactions per second. Bitcoin was the original cryptocurrency and usually completes in around 30 minutes. Other cryptocurrencies can be sent in a matter of seconds.
Without the need for third-party intermediaries, Bitcoin has lower fees. Some casinos or investment accounts can charge a hefty fee for withdrawals but crypto is the same to deposit and withdraw.
As crypto becomes a more popular choice for online players, there are many casinos now accepting Bitcoin. This page will be regularly updated with our recommendations.
