The online casino world is growing exponentially as players around the world see the benefits of having almost unlimited options when it comes to where they can play from, the choices of casino games they can play, how they can deposit and withdraw into their accounts, and when they can play.
Online and mobile casinos have brought gambling into the homes and pockets of millions more players that previously were restricted from visiting land-based casinos due to timing or location problems. It's difficult to pop into a casino and play a few hands of blackjack or spin the reels on a new slot machine when you need to travel for an hour or two just to get there.
With the digital world making a mockery of the concept of borders and travel times, more and more online players are joining up to take advantage of enjoying their favourite games of chance whenever they want and wherever they are. The marvels of technology have brought more choice and, increasingly, more security and legitimacy to the online casino industry.
And that choice, security, and legitimacy is exactly why cryptocurrency gambling is becoming a big thing.
Cryptocurrency gambling at an online casino is simply using cryptocurrencies (crypto) like bitcoin or Ethereum to load your online casino account with funds - or to withdraw your winnings from an online casino.
There are two definitions of online crypto casinos. One is an online casino that only deals with crypto and all the games in the casino use crypto as a currency. The other is an online casino that allows you to deposit and withdraw funds using crypto but then converts your crypto into credits or a standardised currency value (like dollars or Euros) that you gamble with. When it comes time to withdraw, these values are then converted back into crypto and sent to your crypto wallet.
The second option is the more popular one as the online casinos can offer far more games than those at dedicated crypto casinos.
It all comes down to the online world and the benefits it offers for players worldwide. As mentioned above, online and mobile casinos have opened the industry to masses more players and brought far more games into the mix. Consider the limits that floor space in a land-based casino puts on the number of slot machines they can physically install. Online doesn't have that problem and online and mobile casinos can (and do) offer thousands of different versions and varieties of the most popular casino games like slots, table games, and even Live Casino games.
But, even in a virtual world, there are risks and restrictions - and crypto is giving international casino players a more secure and more accessible way to try out new and exciting online and mobile casinos and casino games.
Bitcoin and other cryptocurrencies are changing the game. They are bringing greater anonymity to players, allowing players to play from anywhere in safety, bypassing country restrictions, and even ensuring a stricter adherence to fair play.
They are making it easier and more secure for players to visit online and mobile casinos, to put down real money, and to play their favourite casino games.
Crypto's biggest drawcard is its convenience. Using Bitcoin or another cryptocurrency is quick, easy, and cost-effective for depositing and withdrawing funds into or out of an online casino account.
Most crypto transactions - Bitcoin in particular - are instant with no waiting times for funds to clear before appearing in your online casino account or your bank account.
All it takes is the buying of your chosen crypto and the opening of a crypto wallet and you're ready to transact. Transactions between your crypto wallet and your provider (in this case the online casino) are just as easy as transferring money using internet or mobile banking.
When playing in a currency other than the one you bank in you are going to pick up various and often expensive charges like bank charges, transfer fees, forex charges, and the dreaded exchange rates. Crypto does way with all of these by giving you a standardised currency that works across all international borders - and that has one very low fee.
Crypto works on blockchain technology and innovations. While this is not a how-to guide on what blockchain is, the simple explanation is that blockchain is a transparent system of peer-to-peer checks and balances of information. It is incredibly difficult to interfere with or manipulate the transaction records in a blockchain without someone noticing, flagging, and checking any changes. This is what makes crypto such a secure financial system, and why it's so popular with online financial transactions and online gamblers.
Each blockchain transaction is totally unique and serves as an added layer of security on top of the casino's encryption technology.
Because crypto is a blockchain transaction that does not involve government or banking authorities, each transaction is anonymous. The online casino only accesses your crypto wallet ID, not your bank account or banking details.
This allows players to bypass country or regional restrictions on using their bank accounts to gamble online.
This anonymity also makes it much more difficult for scammers to get their hands on your banking information.
One thing to keep in mind though: anonymity only applies to your banking details. Online and mobile casinos will still need to get personal information from you when you sign up and register. This is a legal requirement for the casino to keep its license and is essential if you ever want to withdraw from your casino account.
As more and more online casinos accept crypto, more and more great bonuses are popping up. Some casinos offer amazing welcome bonuses and even tastier bonuses if you deposit in Bitcoin. Keep an eye out for these if you are a casino bonus fan but remember to always read the terms and conditions and wagering requirements before you redeem.
There are many well-known and trusted online and mobile casinos that welcome Bitcoin, Ethereum, Dogecoin, Litecoin and more.
Jackpot.io is one international online casino that offers crypto gambling in a licensed, safe, and trusted platform. mBet and BitStarz are another two great choices.
These international online and mobile casinos feature the latest online casino games from the world's best game providers, leading security encryption, intuitive and engaging platforms, world-class customer service, and all the thrills and excitement of a genuine casino without having to go anywhere.