Crypto-accepting iGaming sites, including online casinos and sportsbooks, are now more popular than ever. Crypto casinos, especially, are currently taking the world by storm, but why?
Let’s dive in to discover why modern online casino players choose to play at crypto casinos instead of traditional/regular online casinos.
What is a crypto casino, and how is it different from a traditional/regular online casino?
A crypto casino is essentially the same as a traditional/regular online casino, except crypto casinos accept one or more cryptocurrencies as a viable online payment solution, whereas regular online casinos don’t.
Regular iGaming sites today haven’t introduced blockchain technology onto their website; therefore, they don’t accept cryptocurrency for deposits or withdrawals.
Regular online casinos only accept one or more fiat currencies, such as Great Britain Pound Sterling (£), United States Dollars (USD), Euros (€) and/or Canadian Dollars (CA$), and traditional online payment methods like credit/debit cards, prepaid cards, eWallets, bank transfers, eChecks, and mobile wallets.
Most crypto casinos today also accept these same well-known online payment methods, as well as one or more of the following legitimate cryptocurrencies:
- BTC – Bitcoin
- XRP – Ripple
- LTC – Litecoin
- USDT – Tether
- ETH – Ethereum
- DOGE – DogeCoin
It’s also now becoming more common to find crypto casinos that accept 20 or more other leading cryptocurrencies, like TRX (Tron), ADA (Cardano), AVAX (Avalanche), BNB (Binance Coin), SOL (Solano), and DOT (Polkadot), to name a few.
How else are crypto casinos different from normal ones?
Globally renowned crypto-accepting online casinos, such as the official Mega Dice Casino website, are seen as far more secure than traditional online casinos because of the higher levels of encryption used to keep transactions safe.
It’s also much quicker to deposit with crypto, and the very decentralised nature of cryptocurrency and blockchain technology means that there’s no interference or tracking from government authorities. In other words, crypto casinos safeguard the very essence of online privacy and anonymity.
The Know Your Customer (KYC) account verification process is also not typically required at crypto casinos. At regular online casinos, players have to send in numerous documents to prove they are who they say they are when they fill out the tedious online registration form.
In other words, players usually have to worry about getting a scanned colour copy of a gas bill, mobile phone bill, bank or mortgage statement, or electricity bill (which must be less than three months old and clearly display your current name and address).
To complete the KYC/account verification process, players also normally have to send in a scanned colour of their ID, which could be a driver’s license or, for example, a passport, which most players say is just far too intrusive.
Getting these documents ready and sent in is one thing, but having to wait for the casino’s verification department to verify them is just too much for some players.
If you don’t send in your documents to complete the verification process, which can take up to two days, temporary restrictions will be placed on your account, meaning you won’t be able to withdraw, and you also probably won’t be able to deposit or play games in the real money mode.
You may not even be able to gain access to your account until the verification department team has verified your documents.
When depositing at crypto casinos, you don’t need to enter any personal data or sensitive online payment method information, and there are generally little or no fees attached to the transactions.
Some online payment methods like Visa (credit/debit cards), PayPal (eWallet) or Paysafe card (prepaid cards), and many others will charge a small fee each time you deposit, which is another reason why players today prefer using cryptocurrency at crypto-accepting online casinos.
Final thoughts
The other reason why people choose to play at crypto casinos is that they have thousands more games than most ‘regular’ online casinos, and they are supplied to these casinos by numerous multi-award-winning software providers/game development studios.
Also, they usually have a selection of what are referred to as ‘provably fair games,’ whereby the outcomes/results produced in these games are independently verifiable by the players!
They can be accessed from any modern Wi-Fi/internet-connected smartphone, laptop, desktop computer or tablet (iOS, Android, Linux, macOS, and Windows), provided you are of legal age in your jurisdiction, which is often 18, but might be 19 or 21.