Cryptocurrency is a digital currency that is secured by cryptography which prevent it from counterfeit/double spending. Cryptocurrency has become so popular in the 21st century that it is the number one secure currency for digital transaction with some online stores accepting only cryptocurrency as their means of payment for every purchase.
This wind of payment innovation has over the years hit the online casino gambling, an d it will be only a matter of time for it to be the real deal.
Founder of Cryptocurrency
Cryptocurrency as a digital currency was first founded in 2009 by a group known as the 'Satoshi Nakamoto" and the first ever cryptocurrency is bitcoin and till today, it's still the most popular digital currency. Aside bitcoin, there are other cryptocurrencies in the world that is legally acceptable for online transactions.
Use of cryptocurrency in Online Casino Gambling
Major casino brands and gambling companies now accept cryptocurrency as a legal tender for their registered customers to fund their gambling accounts and play games online.
Accounts funded using cryptocurrency by customers for the purpose of playing games is easily traceable and verifiable by the online casino platform.
In These days, Private companies including casino now have their own personal cryptocurrency that is strictly acceptable for carrying out transactions on their sites by the customers. Big and international casino brands now partner with cryptocurrency companies to produce a distinct digital currency for their customers to use in playing their games and they also pay out winnings using the same digital currency into customers wallet.
Quick and Reliable funding and withdrawal
Customers of Gambling sites can now request that their winnings during an online casino game is paid via crypt ocurrency to the wallet(s) submitted by the customers for withdrawing their winning in crypto.
Some big casino companies prefers their customers to use cryptocurrency to make payment into their companies because it is a quick and reliable method of funding their accounts and any amount in digital currency paid in or withdraw is traceable to the wallet. These transactions are usually swift to complete once the blockchain system confirms the transactions, that is all. No human efforts are needed to make this happen.
Beating Geographical barrier
Cryptocurrency has successfully put the challenge of geographical barrier to rest when gamblers wants to fund their gambling accounts. The issue of difficulty in currency exchange and conversion is another hindrance online casino players have had to deal with for so many years. The acceptance of cryptocurrency has reduced to the barest minimum except for those that still prefer to go through the old time process of transaction with fiats.
Why online gamblers will prefer cryptocurrency
More and more gamblers are keying into the use of cryptocurrency to gamble on online casino games because of its flexibility and quick funding and withdraw winnings from gambling accounts. The use of cryptocurrency has basically simplified online gaming payment transaction as a lot of online casino companies are now moving with the new wave.
Some gambling and casino brands now entice new customers and retains older customers by rewarding them with their special coins as bonus for games played, funding of gambling accounts for first timers and also in celebration of special days and moment. Easily cryptocurrency can be used to play all round and can be withdrawn by customers from their wallets and convert to physical cash.
Bitcoin - Best cryptocurrency for Gamblers
The best and most acceptable cryptocurrency that is generally accepted by casino companies worldwide is Bitcoin. One Bitcoin is worth over eighteen thousand United States Dollar with financial experts projected it to peak at fifty thousand United States dollar as its price continues to rise in the digital market.
Most casino stores allows bitcoin for their online transactions by their customers as more customers have access to it with some buying and hoarding, its price will keep increasing to the benefit of the users of the crypto.
Why casino Gamblers chose Bitcoin
Online casino players choose to use bitcoin for funding and playing their favourite casino games online because of the marketable value and its general acceptability and reliability as a leading virtual currency across the world today. Bitcoin has stood the test of time and any online casino store that is yet to add it as optional payment for online games are likely to lose its customers to rival brands who are into the fiercely competitive business of gaming operation.
Cryptocurrency as an option for gamblers
The option of using cryptocurrency to gamble by online casino players has really brought so much flexibility into the online gaming world as more youthful players now prefer to use cryptocurrency to engage their in-play and yet to pre-games events and also in the online casino without stress. The transfer of cryptocurrency from customers wallet to casino companies wallet only take seconds to complete and the same thing is applicable with the withdrawal of virtual winnings in the form of cryptocurrency from the casino platform. And there are a thousand of Bitcoin merchants who can easily help you convert your bitcoin into fiat cash.