Technology continues to progress and give birth to innovations in many sectors. Thus, in recent years, in the galaxy of online casino money games, it is possible not only, to immerse in action on mobile terminals, but also and above all, to make deposit and Cryptocurrency withdrawal. Appeared more than a decade ago by Bitcoin and still known under the name of cryptoactive, cryptocurrencies have completely revolutionized the field of financial operations. Today, more than 100 million people use cryptocurrency worldwide.
Fighting online casino games, do you want to know more about these virtual currencies for your next fun experiences? Here is everything you need to know to start playing with cryptocurrencies. Good reading!
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Link between cryptocurrency and online gambling
As their name indicates, online gambling designates all the playful options accessible in paying mode and which are only available on virtual platforms. In other words, to take advantage of these games, it is absolutely necessary to initiate its financial resources. Besides, online gambling are mainly made up of sports betting and casino games. Therefore, playing here is betting. If by a recent past, bookmakers and virtual casinos only accepted ordinary currencies (dollar, euro, book sterling, etc.), for a few years, cryptocurrencies have been in the grid of Payment methods of these establishments. From now on, it is possible to recharge your player with cryptocurrency. The withdrawal transactions are also available with these decentralized currencies without physical support.
Functioning cryptocurrency with online casinos
You now know that cryptocurrency and Online casino are compatible. But how do virtual currencies work with virtual fun establishments? To live your passion for casino games, you must necessarily make upstream, a deposit real money on your account. With cryptocurrency, it will simply be necessary to replace real money with one of the virtual currencies authorized by your casino. Clearly, you must recharge your account with cryptocurrency. To this end, there is a simple process to follow. First, make the creation of a portfolio account. This is the basic element. Then you just have to make a payment by choosing the crypto portfolio.
Once this last step settled, you can start playing. However, that's not all! By playing, your goal is obviously to fill your pockets. What then do when you get the earnings you want to withdraw? At this point, also, the approach is far from complex. Note that withdrawals, like the deposits, are made in cryptocurrency. Thus, after receiving and processing your withdrawal request, the casino will pay you via the same currency you have used to supply your account. The funds will be transferred to your portfolio. Then you have the possibility of transferring them to your turn to your bank account after converting them into real money.
The most popular cryptocurrencies in the world of online casinos
Online casinos accept a varied range of cryptoactives. These include, in particular, Bitcoin, Ethereum, Litecoin, Ripple, Tether (USDT), Dogecoin, Dash and Monero.
Bitcoin
First virtual currency of the world (2009), Bitcoin, known under the BTC code, is also the most expensive of all cryptocurrencies. This virtual currency of which the creator is Satoshi Nakamoto, displays a fixed offer of 21 million.
Ethereum
ETH is the code of this cryptocurrency considered the most popular on online casinos, behind Bitcoin. Initially a network of access to decentralized applications and smart contracts, Ethereum turned in 2018, in a hotspot intended for ICOs. This cryptoactive is distinguished in particular by the speed of its transactions.
Litecoin
Litecoin (LTC) is a cryptocurrency associated with Bitcoin. Invented in 2013 by Charlie Lee, she is much faster and arrives with an offer culminating at 84 million.
Ripple
Founded in 2012, Ripple was a gross regulation network whose native token is XRP. Used today on online casinos, XRP appeals to its safety but also its speed in deposit transactions.
Tether (USDT)
The cryptocurrency concerned here has the name Tether. This virtual currency whose code is USDT, is considered a stablecoin. Initially, it was developed to have a fixed value of $ 1.00.
DogeCoin
Dogecoin (DOGE) was founded in December 2013 by Billy Markus and Jackson Palmer. Altcoin type cryptocurrency, it stands out for the speed of its production rate.
Dash
Created in 2014 under the name "Xcoin '', Dash is later renamed '' Darkcoin '' before his designation becomes '' Dash '' in 2015. If this cryptocurrency offers rapid transactions, it is also distinguished by its quasi-introduction.
MONERO
This cryptocurrency with XMR code specializes in transactions that are difficult to trace. She then presents herself, like the Dash, as a confidentiality solution.
The reasons why you need to use cryptocurrency in online casinos
Used in virtual casinos, cryptocurrencies have several advantages. Here are the most important.
Privacy
Cryptocurrencies are the best way to guarantee the confidentiality of your personal information on online casinos. It is almost impossible for a third party to know in particular, who you are and where you play. You will be able to live your passion in total anonymity.
Security
By playing with a cryptocurrency, you completely put your bank data away from hacking. It is indeed, almost impossible to access it.
Transaction speed
Transactions with ordinary means of payment is relatively slow due to the intervention of the bank. With cryptocurrency, you can enjoy instant deposits and withdrawals.
Tax exemption
Cryptocurrencies being entirely virtual, they do not work like the currencies emitted by the bank. They are therefore exempt from tax.
Low or non -existent transaction costs
With cryptoactives, online casinos generally impose little withdrawal costs on their members. Better still, on some establishments, using cryptocurrency you can benefit from free of charge transactions.
Ways to acquire cryptocurrency
You wonder how to get cryptocurrency. These virtual currencies are available on specialized platforms such as brokerage grants and exchange sites. To make a purchase on an exchange site, you must register. Then, you will have to recharge your account via a bank transfer, a bank card or an electronic portfolio. Regarding brokerage grants, they will allow you to exchange your local currency for cryptocurrency.
Conclusion
Since their advent, cryptocurrency have invited themselves to several sectors of activity. They are used in particular for financial transactions on virtual casinos and allow their users to benefit from several advantages. The icing on the cake, cryptocurrencies are easily accessible.
Frequently Asked Questions
Yes, using cryptocurrencies on a virtual casino, you can win gains while playing.
The most popular cryptocurrencies on online casinos are: Bitcoin, Ethereum, Litecoin, Overulation, Attachment (USDT), Dogecoin, Tiret and Monero.
Yes, some bookmakers accept cryptocurrencies.