Sometimes it can seem quite daunting diving into the unknown when it comes to technology. Even the first time some of us discovered and browsed the internet, it felt like it was overwhelming and there was so much to learn. Likewise, you could also say the journey of understanding cryptocurrency is likewise the same as this.
Even in the age of the internet, this is a relatively infant invention and is basically a form of digital currency, differing from that of fiat or traditional currency. Coins are ‘mined’ by using a network of computing to solve problems together, but we won’t go into that in too much detail today. Instead, we are going to look at crypto casinos. Yes, these are casinos that will accept cryptocurrency instead of £ or $, for example.
A one-stop shop
And recently, the online gambling industry as a whole has seen an explosion in the popularity of these casinos. And there are a few reasons why. But before going into that, this explosion in popularity has also presented a problem. There are now dozens and dozens of different crypto casinos to choose from. And so how would you choose which one to play at? Likewise, in the same manner, how would you choose which traditional online casino to play at with there being so much choice?
Well, Bitedge for example, is a great resource that collates all the information you need to know about these crypto casinos all in one place so that you don’t have to keep scouring through websites to find out what bonuses and promotions are on offer, for example. There are also sports betting websites that accept cryptocurrency and allow you to bet on eSports.
What are the benefits?
So why has there been an explosion in the popularity of these types of casinos? As some people understandably would think, surely they just present the same type of online gambling experience as a traditional casino. Such as playing blackjack in either type of casino will just be the same; it won’t actually alter the experience of the game. And yes, these presumptions are understandable, but you have to look a bit further in order to understand what the benefits are.
If you play at a crypto casino, everything that happens in that casino is underpinned by a technology called blockchain. What this means is that everything that happens is also recorded automatically on a public ledger. This means that the casinos are fully accountable and transparent, giving you the reassurance that nothing can be manipulated.
Super fast transactions
Also, if you have played at online casinos before, you will appreciate the importance of fast withdrawals. Nothing is more anti-climatic or frustrating than winning big at a blackjack table online and then having to wait 3-5 working days, for example, to get your funds back. However, due to the nature of cryptocurrency, this isn’t the case. See, when you’re at a traditional online casino, there is always an intermediary that the payment has to get through, whether that’s your banking institution or even through a digital wallet such as PayPal. This in turn adds time to the whole transaction and also incurs fees for the casino. Whereas with any crypto transaction, it is a direct transaction between two parties, meaning that deposits and withdrawals are almost instant.
Explosion in popularity
Now that you understand a bit more about the benefits of crypto casinos and why they have started to become so popular, you can now begin to appreciate why there are so many of them popping up all over the place. And like traditional casinos, all of these crypto casinos are in competition with one another in order to get their piece of the pie, as it is a growing industry and is becoming very lucrative.
And the way in which they do this is to offer promotions and bonuses in order to try and entice you to join their casino rather than one of their competitors. And you’ll find these bonuses in one shape or form at every crypto casino. But, as we mentioned before, there are more and more crypto casinos popping up every week, so you don’t want to go through the hassle of having to compare each and every one of them.
In Summary
And so in order to save yourself time and also to ensure that you’re getting the most out of your time online at these crypto casinos and also the most out of your cryptocurrency itself, we heavily recommend using Bitedge. It brings all the information you would want to know about a crypto casino all in one place so that you don’t have to scour the internet and compare them yourself. Instead, they do the hard work for you so that you can then make an informed decision pretty quickly as to where you’re going to be betting and playing online when it comes to crypto casinos.