Do Online Casinos Accept Cryptocurrency?
Gambling, in one form of another, has been a part of human society since its very inception. Whether it be the Roman nobles and peasants placing bets on gladiatorial combats, the numerous dice games popular in Ancient Greece and China, horse racing, or board and card games, some form of gambling has been around since humans first started to develop civilizations.
On the other hand, cryptocurrency is a rather new phenomenon. The first crypto, Bitcoin, was first released in 2009, when the anonymous creator mined the first block. In the 10+ years since, countless cryptocurrencies have been released, some valuable, some not. With the rapid advancements made in computer science and tech, it was only a matter of time before gambling met cryptocurrency.
What is Online Gambling?
The name says it all. Online gambling is gambling which can be done through online casinos and betting sites. Online gambling has been around since the early 21st century, however, it is only recently that it truly has begun to gain traction. This has led to the market being flooded with countless online casinos, which might make it difficult for some folks to pick the best one. Luckily, the experts at Time2play have found the best of the best casinos online, making the choice a whole lot easier.
What Makes Online Gambling So Popular?
The main thing that has made online gambling a lot more popular recently is the fact that it is a lot more easily accessible than land-based gambling. For example, quite a lot of land-based casinos demand entry fees, and even the ones that don’t, still require their patrons to walk, or drive, to their establishment. With online gambling, players can access the site from any electronic device, including a smartphone, tablet or PC. This means that games can be played from home, or on the go.
For punters and sports fans, bets can be placed on the go, from the office, while with friends, or anywhere really, as long as one is in the possession of a smartphone and a trustworthy internet connection. To put it plainly, the popularity of online gambling can be attributed to the convenience it offers to punters and gamblers.
Do Online Casinos Accept Cryptocurrency?
Finally, we come to the question being asked in this article. So, do online casinos accept cryptocurrency as a viable payment method? The answer is not as simple as a yes or a no. As cryptocurrency becomes more embraced in the mainstream, more and more companies are beginning to embrace it as a viable payment option. The same is true for casinos, both land-based and online.
However, just like not every company accepts cryptocurrency payments, not every online casino accepts it either. If you are looking for online casinos which have embraced cryptocurrency, there are quite a lot that do. Search through the internet, and you will find plenty of casinos that accept Bitcoin, Ethereum, and other cryptocurrencies as a viable payment method.
Why is Cryptocurrency Popular at Online Casinos?
The main reason for cryptocurrency’s popularity at online casinos is the fact that the player doesn’t have to concern themselves with whether their nation’s currency is accepted as a viable payment. This means that online casinos who offer crypto-based payments have a broader range of users from a more diverse pool of nationalities.
On top of that, a lot of casinos online now feature an automatic converter, which lets players make deposits in cryptocurrency, and withdrawals in any of the choice currencies that the casino accepts, usually Euros, Dollars, or Pounds.
Conclusion
Cryptocurrency is a new and exciting development in the world of finance, and the online gambling market has begun to embrace it more and more. It is expected that most online gambling sites will begin to embrace crypto as a valid payment method in the future.
***
DISCLAIMER
The views, opinions and positions expressed in this article are those of the author alone and do not necessarily represent those of https://www.cryptowisser.com/ or any company or individual affiliated with https://www.cryptowisser.com/. We do not guarantee the accuracy, completeness or validity of any statements made within this article. We accept no liability for any errors, omissions or representations. The copyright of this content belongs to the author. Any liability with regards to infringement of intellectual property rights also remains with them.