It’s been a year like no other! Although it passed much faster than 2020, there were a lot of powerful events that have taken place in 2021, and its effect will last for a long time, starting with the new round of the trade war between the United States, the crazy rise in stock exchange prices, and the elevated inflation rates.
All these events urged investors and small traders to invest in cryptocurrencies! These virtual assets are entirely safe from inflation waves, the effects of the raging trade war cannot extend to them.
Furthermore, they have achieved higher profits than stocks and real estate in 2020 and 2021. On Reddit, the social news aggregation which blew up the GameStop stock in 2020, discussions about cryptocurrency was the most popular theme throughout 2021.
On the other hand, the use of cryptocurrencies at online casinos and sports betting sites is on the rise. The most used currencies in the online gambling industry are Bitcoin, Ethereum, Litecoin, Monero, and Dogecoin. Virtual gamblers prefer to use the crypto platforms such as BitPay and CoinsPaid among others to conduct their transactions and make exchanges from/ to cash.
There are many reasons behind this growing trend besides that cryptocurrencies are easy to use and have low fees. They have volatile values , and thus speculators can get instant profits from them. Visit Gamblingpro.pro website that supports a big range of cryptocurrencies. In addition, crypto transactions are much faster than regular transactions. Unlike fiat money, you will not be subject to the supervision of banks or central authorities.
On this page, we will discuss the most important advantages that non-Gamstop casino crypto gamblers get.
Privacy protection and anonymity
Will cryptocurrencies protect your privacy and keep your data confidential? Yes! Entirely? Of course not! Instead of having an account that bears your name, you will have an account named by scrambled numbers and letters. So, digital currencies are pseudonymous rather than anonymous.
When you sign up for any cryptocurrency exchange, or any crypto wallet to hold your coins, you will be required to go through a KYC process to verify your identity exactly as you would do when registering an account with a fiat-based wallet. However, cryptocurrencies protect your privacy and keep your data completely confidential compared to banking cards and fiat wallets.
For example, when you use debit or credit cards to make deposits or withdrawals at casinos not on GamStop, your credit rating may be affected, but, of course, this does not happen when using cryptocurrencies. What is the secret behind this anonymity?
Encrypted digital currencies are decentralised, meaning that they are not issued by a specific party, and there is no control over them from any source. Thus, they guarantee you complete security and preserve your privacy. Visit the Gamblingpro.pro website that has a big range of crypto.
Moreover, GamStop players choose cryptocurrencies because it is more secure. When you use Bitcoin, Ethereum, or any other currency, your transactions are secured by all known encryption and security protocols, making them unhackable.
One of the main reasons punters are switching to cryptocurrencies is the fast withdrawal processing times. Players don’t get the thrill of winning until they receive their cashouts from the casino.
However, fiat withdrawals are processed within two to five business days due to banking restrictions! Cryptocurrencies outperform all fiat-currencies based payment options as you will receive your withdrawals within a few minutes
Moreover, sometimes cryptocurrency wallets come with withdrawal settings that give you the ability to convert the value of your transaction into any preferred fiat currency.
Easier KYC Procedures
In general, all organisations that handle users’ financial and personal data require a Know Your Customer (KYC) protocol which is a vital requirement to eliminate the risks of money laundering, bribery, fraud, and other financial crimes. However, casinos outside GamStop apply this protocol smoothly without complications.
Huge rewards for All Players
To illustrate the difference between the generosity of traditional casinos and crypto casinos, see the following two examples:
- 100% welcome bonus up to $100
- 100% welcome bonus up to 1BTC
Did you notice the difference? One Bitcoin is worth more than $47 thousand, and the crypto casino is ready to offer you such an amount if you deposit 1 Bitcoin! In general, crypto casinos are more generous than traditional casinos and give their users higher deposit and withdrawal limits, VIP offers, and a lot of other perks and benefits!
Variety & Quality of Games
Games providers are aware that Bitcoin and other altcoins are shaping the future of iGaming payments. As these companies are creating games to last for ten years or more, they develop more and more crypto-compatible games. Currently, users can bet with cryptocurrencies on slots, poker, baccarat, and live casino games. Besides getting an excellent opportunity to invest your returns, you will enjoy a sophisticated gaming experience.
It is true that cryptocurrencies have not yet created a mainstream use, but they are the future of the iGaming payments industry! Many reasons drive users to move to cryptocurrencies, including preserving privacy, anonymity, giving additional opportunities to profit by speculating on the volatile prices of digital currencies, and many other advantages.