Online gambling developed side by side with cryptocurrencies. Although both industries developed independently, less than a decade ago, they crossed paths and continued to develop side by side, often intertwining in an elaborate dance that left a massive effect on them both.
Knowing that players are always looking for better and more lucrative opportunities such as those on cryptos enabled a whole new generation of casino sites. While some argue neither of them is safe, others only speak well of both cryptos and crypto casinos. Whether you like them or not, cryptos and crypto casinos are here to stay and will continue to shape the digital environment in more ways than imaginable.
Special Offers
In the dynamic landscape of online gambling, cryptocurrency casinos have emerged as pioneers, revolutionizing the traditional casino experience. One of the most enticing aspects driving the popularity of these platforms is the abundance of bonuses and incentives they offer to players. Unlike conventional casinos, crypto casinos provide players with a myriad of bonuses, ranging from welcome bonuses to loyalty rewards, all facilitated through blockchain technology.
For instance, players can enjoy exclusive bonuses like the ones offered at https://gry-hazardowe-zadarmo.com/50-zl-bez-depozytu/. This offer allows starting the game without any initial investments, providing a unique opportunity to evaluate the gameplay and potential winnings without risking one’s own funds.
Easier and Faster Money Transfers
The main benefit of using cryptos when gambling online is pretty straightforward. They are the fastest and most convenient payment method out there. While traditional fiat payments may take what seems like ages, Bitcoin, Litecoin or Tether can deliver you money in just a few hours.
Let’s take a look at how long it takes to withdraw casino wins with certain methods:
- Bankwire takes up to 10 business days;
- Credit cards take up to 7 business days;
- E-wallets take up to 3 business days;
- Cryptos take only up to 48 hours.
In a world where we want everything, and we want it now, the allure of cryptocurrencies is stronger than ever. Cheap, reasonably safe and fast, when it comes to online gamblers, they tick all the right boxes.
Provably Fair Games
Gambling is fun, but even in this day and age, one stereotype tarnishes its reputation: the one that claims it is impossible to win. Even though that might be true for some companies, others finally got the opportunity to prove they are doing everything by the book. How come? The rise of cryptocurrencies enabled them to implement provably fair games that have quickly become an irreplaceable part of any serious casino.
To put it simply, provably fair casino games provide more info than just RTP and volatility levels. They also include a simple formula every player can use to test the outcome of their spin or hand. Cryptos allowed players to gain a deeper insight into how gambling works and provided transparent information on how outcomes are generated by the RNG. It is something land-based casinos can still only dream of!
Source: https://www.pinterest.com/pin/1048212882008707936/
Gambling for the New Generation
Cryptocurrencies also cracked the door open for the new generation of gamblers. Generation Z is the first fully digitalized generation and the first one that accepts all innovations, including the concept of digital coins, with ease. As they step into adulthood, they discover gambling by utilizing the power of social media and untraceable crypto transactions.
At the same time, they are more than any generation prior, thus unknowingly increasing the standards of online casinos across the globe. As they spin reels and spend their cryptos on high-quality games, they also ask for inclusivity, equality and honest marketing practices.
Currently, it is the notorious GenZ that rules the market, but in only a few years they will be joined by even more digitalized GenAlpha.
The Dawn of New Arcades
Cryptocurrencies introduced not only provably fair games but also gambling genres that have little to do with traditional gambling formats, as they are more similar to video games and arcades.
Thanks to blockchain technology and advanced gaming mechanics, casino genres support more features than ever, including the mega-popular multiplayer feature. For example, blockchain-based decentralized autonomous organizations (DAOs) may govern in-game economies, allowing players to participate in decision-making processes and influence the direction of the game. Although this new approach is making its first step on the market, it is possible to imagine that in just a couple of years, it will become the new norm.
High Level of Privacy
Cryptocurrencies provide enhanced security and anonymity compared to traditional payment methods, especially those more traditional ones: banking cards and wire transfers. Blockchain technology ensures transparent and tamper-proof transactions, reducing the risk of fraud or data breaches. In a world where privacy is becoming one of the hot topics, the crypto phenomenon created a demand for a different type of online casino, one that won’t ask for personal documents. Nowadays, casinos ask only for a crypto address to transfer the money and that is pretty much it.
While cryptocurrency transactions are pseudonymous, they can also offer a degree of anonymity depending on how they are used. Casino players can generate new cryptocurrency addresses for each transaction, making it more difficult to trace the flow of funds. Additionally, certain privacy-focused cryptocurrencies, such as Monero or Zcash, utilize advanced cryptographic techniques to obscure transaction details, providing even greater anonymity for users.
Believe it or not, these are only some of the changes the crypto industry introduced to online casino gambling. As time goes on, we can expect even more revolutionary innovations that will affect not only the way we perceive iGaming, but also the way it positions itself in the ever-growing, and increasingly competitive market.