Don’t you think that living in the 21st century is amazing? Of course, there are many things we should all strive to improve. However, thanks to advanced technology, our lives have become more comfortable.
When you look closer, certain industries have experienced massive popularity growth in recent years. Among many, the cryptocurrency field and online gambling industry are those that improved the most.
These two industries are attractive to people for similar reasons. They can both bring you money and help you ensure financial stability. Despite that, neither of these two industries are luck-based. You will have to improve your gambling and investing skills to reach the goals that you have. This is probably the most crucial piece of advice we want to share throughout this article.
However, what if these two most popular industries make a combination of some type? As you know, blockchain technology together with digital currencies has influenced a big number of industries. That type of impact is also visible in the online gambling industry.
Finding a casino that will meet your requirements and expectations is not easy (click here if you struggle to do that). However, if you are a fan of both, crypto and gambling, then there are many reasons why you should understand the impact blockchain has. Let’s find out together all the ways crypto has changed gambling sites!
Money Transfers Have Become Way Better
We hope you will experience this change as often as possible. As you know, the most professional online casinos usually collaborate with the best payment providers. For a long period, people could only deposit and withdraw their funds with credit or debit cards and e-Wallets.
Without any doubt, these options are still popular among people. However, they come with certain cons worth mentioning. For starters, transferring money via PayPal, MasterCard, or VISA usually has a pending period. You will have to wait for a couple of days to get your money. Banks have their own working hours which automatically delays the entire process. Despite that, banks do not work for the weekends and holidays which is a fact you need to put into consideration.
Banks and other financial institutions are not participating in crypto transfers. All the deposits and withdrawal procedures will usually last less than an hour. With a couple of clicks, you can easily transfer money from your crypto wallet to your casino account (and in the opposite direction). Doesn’t that seem like a good reason to change your old habits and start gambling with crypto?
The Anonymity Of Players Is at the Higher Level
It is not a secret that people do not feel comfortable leaving personal data online. That is probably the main reason why many of them still gamble at some of the land-based casinos. Luckily, that sort of problem does no longer exists.
Casinos, like the ones you can find at au.crazyvegas.com, will offer you a higher level of anonymity. All the crypto transactions made by players are anonymous and they do not require players to provide unnecessary personal data. All you will have to do is to respect the transparency requirements that governments around the world have. The purpose of the required transparency is to stop the anti-laundry activities. However, they do not influence negatively your privacy and desire to keep private data for yourself.
Security Level Is Also Higher
As mentioned, people do not always feel comfortable sharing their personal data with online platforms of all types. They do not want to become a victim of a scam or hacker attack where all of their data will be stolen.
Fortunately, thanks to blockchain technology, the security system of most online casinos has improved. Whenever there is something questionable on the network, the operators can easily check it with blockchain technology. That means all the details we provide to the online casinos are a lot safer. You are only tied to your wallet address that is properly protected by the crypto protocol. If you are not sure how the protocol function and how safe it is, you can ask regular crypto users about their opinions. All of them will tell you they have never had a security issue!
Gambling In Overseas Casinos Is No Longer a Problem
Let’s say that you live somewhere in Europe. The online casino you like is from the USA and it only accepts deposits expressed in dollars. That would mean you will have to convert your Euros into Dollars. The same procedure will repeat when you want to withdraw money. You will have to convert Dollars into Euros.
All the conversions come with a certain fee. Despite that, the transfers themselves also require certain costs. Both of these requirements will reduce the amount of money that you earned. The price you will have to pay may not be too big, but why would you allow to lose money that way?
If Bitcoin, for instance, is legalized in your country, you can deposit and withdraw Bitcoin in all parts of the world. It doesn’t matter where you live and where the online casino is located. Will you convert crypto into fiat currency is up to you, but all the costs we mentioned are not going to exist before that.
The Level of Trust Has Improved
Finally, it is worth mentioning that cryptocurrencies and blockchain technology haven’t only influenced the way casinos function. They have also influenced the behavior and attitude towards online gambling of all the players.
There were many scandals in the online gambling world. Many people got tricked by the gambling site in various ways. Some gambling sites have stolen the data of clients while others didn’t want to payout the lucky winners. All these scenarios reduced the trust towards gambling sites. However, it seems that something like that is slowly changing.
When you read all the ways crypto influenced the online gambling field, it is more than obvious that the online gambling world has become a more reliable place. That is the reason why people no longer have doubts they had only 10 years ago. They can be sure their data is protected while the money they earn is going to be on their crypto wallet instantly.