Crypto casinos are surging in popularity: Why?

Online casinos which allows players to wager using digital currency have surged in popularity in recent years. Better known as crypto casinos, these sites typically accept virtual coins like Bitcoin, Ethereum, Litecoin, and Dogecoin (as well as others) and offer various benefits that traditional in-person and online casinos simply cannot match. Because of the benefits of wagering with crypto, players are increasingly choosing these sites over traditional betting options. 

It’s estimated that there are over 5,000 online casinos with more than 900 of those now being crypto casinos. The benefits of wagering with virtual currency on crypto casino sites include anonymity and privacy, huge game selection, enhanced security, quick transactions, global accessibility, and more. 

In this article, we’ll explore why crypto casinos are so popular and the benefits that they offer to players. 

Huge Selection of Games

Crypto casinos are known for the giant game libraries that they offer players. While some traditional in-person casino resorts have huge game floors and online casinos also offer robust libraries, they cannot compete with the sheer quantity of games crypto casinos offer players. 

Crypto casinos typically offer a solid selection of classic games, like slots, blackjack, roulette, and poker. Although many of these games have been around for years, they still remain some of the most popular, and many crypto casinos will offer unique variations of each game. Blackjack is known to be the most popular of all classic card games.

On her blackjack source list on Techreport game expert and writer Graziella Calleja shares that when looking for the best online blackjack, players should review the blackjack game variety and variations, blackjack bonuses, return to player rates, game safety and fairness, and if there are any live or free options available. 

Beyond classic card games, crypto casinos offer a huge range of innovative and immersive games that may not be available on traditional online betting sites. Sites that accept virtual currency often partner with leading game developers to bring players the most up-to-date games with the newest possible tech and graphics. Because crypto casinos offer such a huge selection of games alongside top-quality titles, they are drawing in more and more players from all around the world. 

Anonymity and Privacy

Besides huge game libraries, another benefit drawing players to crypto casino sites is the privacy and anonymity that they offer. Traditional online betting sites usually ask players to provide a plethora of personal information, like their name, address, and payment details.

On the other hand, crypto casinos often allow players to wager without sharing so much personal information, and, cryptocurrency is pseudonymous by nature. This means that instead of sharing card or bank details, players only share their crypto pseudonyms. 

Using cryptocurrency to wager online adds an extra layer of privacy and security, which many players value, especially considering the risks of sharing personal details online. Additionally, there are now entire crypto betting sites dedicated to anonymous gambling for players who want to wager with crypto and ensure that their personal details stay completely hidden and secure. 

Enhanced Security

Not only are cryptocurrency transactions more private, but they are also more secure. This is another reason that crypto casinos are becoming more popular, as bettors continue to search for safe ways to wager online. 

Cryptocurrency uses cryptographic tech and operates on a blockchain. These two attributes make digital currencies very secure and nearly impossible to manipulate. Because bettors can wager with digital currency at crypto casinos, they can leverage the security benefits of crypto.

When wagering with crypto, bettors rarely have to worry about their funds falling into the wrong hands. Instead, players can focus on their gaming and enjoy their leisure time with the peace of mind that their digital currency is protected from unauthorized access. 

Instant Transactions

Another reason that crypto casinos have seen growth in recent years is that they facilitate quick, nearly instant, transactions. For individuals wagering online, it’s crucial to be able to fund a casino account quickly. Similarly, players appreciate speedy transactions when they are withdrawing their winnings, as well. 

Online casinos and traditional payment methods can sometimes take days to process payments, so wagering with crypto is a no-brainer for players who want to quickly top up or withdraw money from their online accounts. Quick transaction times, along with some of the other benefits mentioned above, are driving crypto casino adoption worldwide. 

Global Accessibility

Crypto casinos can be accessed from anywhere in the world. This is different from in-person casinos and even traditional online casinos, which often face regulatory restrictions and licensing requirements that can limit their accessibility to players in certain areas. 

Crypto casinos operate on decentralized networks, which means they can bypass regulatory barriers and can be accessed by anyone in the world. Because of this, crypto casinos have a global audience. This is yet another reason why more and more players are choosing to wager on crypto casinos, rather than traditional online sites. 

Provably Fair Gaming

For cautious gamers, the fact that many crypto-betting sites offer provably fair gaming is another big draw. Provably fair algorithms work to ensure the integrity and fairness of games. This means that bettors are able to verify the outcome of each game and ensure that it is conducted fairly and transparently. 

Provably fair gaming builds trust between the gaming platform and the gamer, and crypto betting sites that offer provably fair gaming are able to set themselves apart from traditional online casinos by showing their customers that they are trustworthy and reliable. iGaming affiliates often work to promote casinos behind the scenes, and most affiliates prefer to support crypto casinos that offer provably fair gaming, thus ensuring that their referrals are being sent to quality sites.

Lower Fees

Nearly every online gamer appreciates lower transaction fees because it means more money left over to boost their bankroll for further gaming. Cryptocurrency transactions typically incur lower fees when compared to traditional payment methods like bank transfer or credit card payments. This means that when bettors wager with digital currencies, like Bitcoin or Ethereum, they’ll pay less in transaction fees and have more funds left over to either withdraw or put back into their playtime. 

Conclusion

Crypto casinos are booming in popularity, and it’s easy to see why. More and more players are drawn to sites that accept digital currency payments because of the huge game selection on offer, enhanced security and privacy, quick transactions, lower fees, and global access. As cryptocurrencies continue to advance and develop, it’s likely that crypto casinos will continue to grow in popularity as well.