Why is cryptocurrency revolutionizing the online casino?
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Why is cryptocurrency revolutionizing the online casino?

For several years now, cryptocurrency has fascinated our society and is beginning to take hold of it. This means of payment is very useful in some respects, and the fact that online casinos are becoming more and more interested in it is only the logical next step.

But what's so interesting about cryptocurrency for online casinos?

Cryptocurrency is coming in force for online casinos

Some online casinos have understood for years the power of cryptocurrency. Bitcasino is one of them and has based its business model solely around this means of payment. Thanks to this, Bitcasino has become the leader in online casinos based on cryptocurrency and has paved the way for other online casinos.

Nowadays, many online casinos like Casino Extra accept payments in cryptocurrency.

Which online casinos accept Bitcoin?

Here is a list of the best online casinos that accept Bitcoin and more generally a wide range of cryptocurrency:

  • Bitcasino (Instant Withdrawal)

  • Casino Extra (Withdrawal 24 to 48 hours)

  • Fatboss (Withdrawal 24 to 48 hours)

  • Cbet (Withdrawal 24 to 48 hours)

  • Gamdom (Instant Withdrawal)

  • Wild Sultan (Withdrawal 24 to 48 hours)

  • Buff.bet (Withdrawal 24 to 48h)

  • Lucky31 (Withdrawal 24 to 48 hours)

  • Dublinbet (Withdrawal 24 to 48 hours)

  • Royal Rabbit (Withdrawal 24 to 48 hours)

  • Montecryptos (Withdrawal 24 to 48 hours)

  • CSGO Roll (Instant Withdrawal)

The advantages and disadvantages of cryptocurrency in online casinos

Reduced transaction fees

As a player, when you make a deposit in cryptocurrency, you will be charged a fee. These fees are proportional to the amount you are going to deposit, but they are very low. The fee is not for the online casino but to pay for the authorization of the transaction on the blockchain. This money will be distributed to the minors who allow the transactions to take place. Conversely, for withdrawals, no fees will be charged, they are the responsibility of the online casino.

For online casinos, this means of payment is very interesting because the costs required to install and maintain this means of payment are very low compared to traditional means of payment such as bank cards.

Extremely fast deposits and withdrawals

A deposit in cryptocurrency repositories is, in general, almost instantaneous. This depends on its importance in the blockchain and the fees allocated to the transaction. No matter which online casino you make a deposit to, your money will be in your account very quickly.

The most interesting part is the speed of withdrawal. Withdrawal is also instant, at least for online casinos such as Bitcasino or Gamdom that have automated systems for sending cryptocurrency. On the other hand, online casinos that have only recently integrated cryptographic systems are still working on validating and sending withdrawals manually.

It is only a matter of time before online casinos achieve full automation of transactions. And this will be done thanks to the system of the blockchain and its cryptocurrency.

The volatility of cryptocurrency

This part can be taken as a weak point but also as a strong point. Many people have become interested in cryptography because it is extremely volatile, its price changes constantly and sometimes violently.

This point has not escaped the attention of online casinos, which can generate huge profits thanks to the volatility of cryptocurrency. Being well-oiled entities, it goes without saying that they have reserves but also people on the spot to manage these funds. No need to worry about online casinos.

For the player, it's a little more complicated. Apart from the fact that the player can lose this money by playing at the online casino, the problem comes afterward. If a player withdraws a large amount of money in cryptocurrency but doesn't decide to convert it later into Euros. It is possible that the next day the player may have lost some of the value of the cryptocurrency he withdrew. Of course, this goes both ways!

We advise you to be careful before playing the apprentice trader.

Are there any bonuses for cryptocurrency deposits?

There are several deposit bonuses available for cryptocurrency deposits. Here is a list of our best partner offers:

  • Bitcasino: 100 free spins offered for your first deposit of minimum 5 mBTC (5 mBTC = 0,005 BTC = 5000 uBTC).

  • Casino Extra: +100% up to €200 + 100 free spins on the first deposit and +50% up to €400 on the second deposit (the Bitcoin deposit amount is calculated in real-time from the Bitcoin rate).

  • Fatboss: +150% up to €200 + 100 free spins on the first deposit, +50% up to €100 on the second deposit, and +50% up to €200 on the third deposit (the Bitcoin deposit amount is calculated in real-time from the Bitcoin rate).

So, does cryptocurrency have a future in the casino world?

Cryptocurrency is a payment method that is starting to become more and more popular all over the world. More and more online and physical businesses are entering this field either out of interest in this technology or out of greed.

What is sure is that the speed of transactions of cryptocurrency, its low costs, and its price are strong arguments. And even more so when it comes to online casinos, which increasingly want to facilitate transactions and their speed.

Soon, all online casinos will accept this means of payment. It will even be necessary to have it in order to satisfy customers and ensure quality service.

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