Cryptocurrencies continue to gain mass appeal online and are quite popular among GamStop players. More non GamStop UK casinos are opening online and most support several other altcoins, including Ethereum, Litecoin, Monero, Dogecoin and more.
Crypto platforms like CoinPayments, BitPay, CoinsPaid and Paymero also make it easier for players to complete crypto deposits and withdrawals and are compatible with mobile devices. As a result, many have been making the switch to crypto when playing online. In this article, we briefly examine the top reasons why GamStop players choose crypto:
Anonymity & Privacy
GamStop players are blocked from playing on UKGC licensed sites and limited to offshore sites. However, this comes with an even greater need to remain anonymous, and crypto offers the best cover of all payment methods. Cryptocurrencies are decentralized, and transactions made to casinos will hardly provide any identity information. Crypto payments are anonymous and private, unlike credit cards and options connected to your bank account.
Most GamStop players choose crypto because they can play without worrying about providing unnecessary details. The transactions are secure and protected by advanced cryptography. There are also many cryptocurrencies, and crypto-wallets have millions of customers, making it even harder to regulate. What’s more, crypto is global, unlike FIAT that may only work in specific regions, making it the ideal currency to use on offshore websites.
The withdrawal time is another reason casino players have been switching to crypto. Casino withdrawal methods often come with various restrictions, including a minimum pending time. Credit cards and bank transfers can take anything from three to five business days, which is too long, especially if you add casino waiting time. For many players, eWallets, such as Neteller, Skrill, and ecoPayz, offer faster withdrawals, usually within 24 hours after casino pending time.
However, it is crypto that beats them all, providing the fastest withdrawals you will encounter online. Most crypto casinos have no pending time, so you will receive funds in your coin wallet within a few hours. Coin wallets also come with custom withdrawal setting options, allowing you to instantly withdraw money into your preferred FIAT. Essentially, you can make same-day withdrawals.
Know Your Customer (KYC) is a requirement of all UKGC licensed casinos and is vital for preventing GamStop players from accessing games while on self-exclusion. Basically, it calls on casinos to request various details during signup and know more about their customer’s identity, which is the opposite of what GamStop players are looking for.
Payment methods, such as bank transfer and credit/debit cards, also require ID information. Crypto offers easier KYC processes and doesn’t involve providing ID information. Players can focus on enjoying their favourite games and completing casino deposits and withdrawals without revealing unnecessary details. All you need is a wallet to facilitate casino transactions, and there are many reliable options.
Bitcoin casinos are the most prevalent of all crypto casinos, and there’s a good reason for that. Most Bitcoin casinos offer a BTC boost, a special bonus given when you make deposits in BTC. Although the bonuses are tied to wagering, they still increase winning opportunities and a chance to gain more bitcoin. The value of Bitcoin has also increased steadily over the past years. If you save what you win playing casino games, the value will increase over time. BTC could be worth so much more by the time you exchange it to your preferred FIAT currency.
Bitcoin and other cryptocurrencies are bound to shape the future of casino games. Today, players can enjoy dedicated Bitcoin games that provide BTC pay lines and wins. With more RPGs finding their way into casinos, players have the chance to explore unique gaming experiences, breaking the monotony of video slots, table games and poker. Crypto games offer an excellent way to win BTC and enjoy modern gaming experiences, as they are some of the newest games available for online punters. Blocked players seeking to explore new games find crypto and bitcoin games irresistible when all the other benefits are compounded.
There are several other reasons why GamStop players are making the switch to crypto. Obviously, FIAT methods are still essential and won’t be vanishing any time soon. However, cryptos seem to be the ideal choice when playing casino games. They offer fast transactions, security and a chance to win Bitcoin or other coins.