By Bentley Kapoor (India)
Gambling is a constantly evolving industry that encompasses a whole lot of related activities. The past few years have seen a considerable spike in the number of casinos operating on the Internet as well as players signing up with them. Online casino establishments are getting bigger with each passing day, and the games offered by them are also becoming more immersive.
Apart from the conventional online casinos, a large number of gamblers are gradually turning to platforms that allow for gambling through cryptocurrency. In fact, the gambling industry has received a complete makeover post the integration of cryptocurrencies. Casino operators are also making complete use of this opportunity and are offering their clients different opportunities to play casino games using crypto. Furthermore, there are several benefits associated with gambling through cryptocurrency which are encouraging more and more players to switch to such platforms. Below detailed are few of these benefits:
Hassle-Free Transactions
Cryptocurrencies have proven to be the ideal option for making cross-border payments today. As they are based on the block chain tech, these currencies allow for quick, transparent and smooth payments. The entire payment process, whether it is deposit or withdrawal happens almost instantly.
We are well past the days when a withdrawal request posted at an online casino platform required several days for processing, as the transaction would pass through multiple banking establishments, before finally putting money into your wallet. In addition, the costs associated with cryptocurrency transactions are minimum, something that is in sharp contrast to the conventional banking, especially in case of funds transfer to other countries.
Anonymity
Gambling online through cryptocurrency keeps you completely anonymous. All that you need is a valid email ID, username and password. Just deposit some cryptocurrency and you’ll be all set to play. Such anonymity offers improved security as a positive side effect. With no requirement of any personal details, there is nothing that is vulnerable to hacking attempts. Resultantly, no malicious entity can get its hands on your credit card or banking details.
Tax benefit
As of now with most of the governments being unsure about how to approach cryptocurrencies, the regulations associated with them are also very vague. The biggest advantage of cryptocurrency gambling is that it’s normally untaxed.
Fair games
Considering the large number of online gambling platforms that are in business today, it can be very challenging for someone new to pick the right one. Although mainstream gambling websites are mostly trustworthy, the provision of bitcoin games takes the reliability of an online casino to an altogether new high. You can instantly determine if every spin of an online slot is 100% legit by simply entering some values into the source code of the online casino operator.
What next?
Now that you are aware of the benefits offered by cryptocurrency when it comes to online gambling platforms, all you need to do is grab some crypto (bitcoin being the safest bet) and start playing!
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