The cryptocurrency online casino industry has been growing at quite a fast pace. As a result, we have seen remarkable new developments, from a plethora of high-end games to progressive jackpots and unique payment innovations.
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Here are some reasons why cryptocurrency casinos have risen in popularity:
Anonymity and Privacy
Cryptocurrencies, such as Bitcoin, offer a higher degree o[...] Read more » The Reason Crypto Casinos are on the Rise
The reason they are on the rise because cryptocurrencies are literally capable of getting created out of thin air. You don't need initial investments aside from your own time in front of a computer. No real money can really emulate this.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20507
I dont like crypto at all and when I see what happend in my country with people who invested money in one firm and they took from them 18 million euros, because they didnt even invested anything, that enough for me! Didnt like at start, dont like it now! Cash and cards are just enough for me!
Joined: Dec '14
Location: Greece
Age: 40 (M)
Posts: 2122
no fees or almost no fees , that's good , very useful , especially good news for some countries where fees might be more , higher . So that's one more reason to use crypto . Many people nowadays use crypto , they have learned about this currency and they use it . I read some articles about how some people became millionaires because they bought cryptocurrency when the price was ridiculously low , then they became rich when the value of this currency increased sky-high . I wish I had bought then lol
Joined: Feb '11
Location: Peru
Age: 53 (M)
Posts: 38
These transactions are fully anonymous, secure, and are not beholden to central banks, intermediaries, or any other third parties. At a Bitcoin casino, you can simply use your mined or purchased Bitcoin (BTC), transfer ‘value’ to the online casino’s Bitcoin address and play ‘real-money’ casino games with no identifying criteria other than your Bitcoin address.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20507
That I understand and that is best thing at crypto! Nobody will know and nobody cant follow when you make deposits and cashouts! But on other hand you cant know what value it will have when you want to make cashout! Its good to have more options as currency, but for me its still no!
Joined: Aug '08
Location: Poland
Age: 41 (M)
Posts: 804
The number of casinos supporting cryptocurrencies is growing, all due to country restrictions. Governments in all countries continue to introduce various legal regulations when it comes to gambling. People have problems playing at most online casinos and bookmakers. Cryptocurrencies do not leave traces on bank accounts like traditional transfers directly from bank accounts.
Haven't played casino's with crypto.. have some crypto in my wallet but that's just to hodl. Didnt have such good luck with playing casino's so wont try it again. Playing poker is something different, maybe in the Future i Will try it, who knows.. buy for now i'll stay in the waiting game for cryptos bull run
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13316
luck is rare in the casino and you have to get used to it. If the prizes it was more often, people would have played more and the winners would have been more numerous and happier. Unfortunately, the expenses are quite high with the casinos and they don't offer many prizes.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5405
There are many reasons why cryptocurrencies are on the rise in recent years, one of which is that cryptocurrencies as a payment method offer a higher degree of privacy and anonymity compared to traditional payment methods.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5405
Cryptocurrencies are currently in fashion, and one of the things I like the most about it is that cryptocurrencies allow you to make fast and low cost transactions, and that influences a lot when choosing an online room.
Joined: Apr '11
Location: Romania
Age: 58 (M)
Posts: 2432
Cryptocurrencies do not leave traces on bank accounts but when you register with the poker site they know who you are and from where you are.The poker platform is retaining your fees for your government so is business as usual.Good luck
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5405
I like cryptocasinos because they use payment and withdrawal methods with cryptocurrencies, that helps to lower commissions, and that gives us a lot of security in our transactions, we should always think about it.
