Why Crypto Is The Safe Bet When Gambling Online
There are many ways to enjoy gambling online, with sportsbooks and casinos being the obvious choice. However, having selected an online casino, you then have a decision to make regarding a deposit. You must make a deposit at an online casino if you want to play games and have a chance of winning money. However, you are not restricted to using debit/credit cards, prepaid cards, eWallets, and bank transfers. Many online casinos now choose to accept cryptocurrency but is this a safe bet when gambling?
Security
When it comes to making payments at online casinos, security does not come much stronger than crypto. Most regulated online banking systems are safe to use when gambling online and great strides have been made in the safety of online payments in recent years. However, the threat from hackers remains and they can still get access to your personal and financial information. When making blockchain-based payments, the process of the transactions mean they are safe. In addition, you can bet anonymously when using crypto at online casinos and although you should never hide or bet more than you can afford, this is a safe way to keep your gambling activity out of the public eye. This can be especially useful when you need to ask for a loan from a bank for example.
When making a payment at an online casino using crypto, blockchain secures all the transactions. There is no need for the casino to use third party software and a good example of this is at Bitcasino. Bitcoin, Litecoin and Ethereum are just three of the cryptocurrencies available as deposit methods at the casino.
Quick Payments
When making online casino payments, using crypto is not only safe but quick. In fact, the speed of the transactions is part of what makes using crypto to gamble online a safe choice. Crypto transactions are instant and within a matter of seconds you are ready to play casino games. Many other forms of payment have improved, and you can now enjoy using eWallets to make deposits at online casinos. However, these can often require additional layers of security, such as receiving emails and text messages to prove you are the owner of the account. While it is good to have these safety measures in place, they all take time and crypto payments process quicker and in a safe manner.
Bonuses and Promotions
Due to the fact crypto payments do not require additional safety measures, which can cost online casinos money, the promotions can be more generous. The wagering requirements are often lower and the terms and conditions more favourable when using crypto. These combine to allow online casinos to offer bigger bonuses for those wanting to use crypto as a deposit method.
No Hidden Charges
There are no hidden charges when using crypto at online casinos. Some payment methods charge a fee when using them to make a deposit and these soon add up if you like to gamble online regularly. However, when using cryptocurrency, there are no hidden charges or commissions and that means you are in control of the exact amount of funds that will leave your account. You can enjoy online gambling without having to add up the costs of the charges each time you make a payment.
So, there are many reasons why crypto is the safe bet when gambling online. The security is good when making a deposit, payments are made almost instantly, there are no hidden fees involved, and using crypto for online gambling can lead to bigger bonuses and promotions.