The online gambling landscape has constantly been shifting in the last two decades, and we’ve been here to witness every change. Most of the land-based casinos and bookies have gone online. Since there are millions of passionate gamblers, cryptocurrencies have targeted the perfect industry, and we have seen significant growth in the number of crypto users.
Ever since they first appeared, cryptocurrencies have been trending as the innovative and new payment options players like to try out. Naturally, people were sceptical at first, but it didn’t take them long to realise the potential and the benefits of using cryptocurrency as the payment option.
Even the biggest names in the online gambling industry have added cryptocurrencies as the supported payment options. In the last couple of years, a new generation of online gambling platforms has entered the industry — crypto casinos and bookmakers.
One thing is sure — cryptocurrencies are here to stay. However, will they completely take over the industry? We have yet to see. Below, you can read more about the pros of using crypto coins as your favourite payment option, and see the best options when it comes to choosing the cryptocurrency for deposits and withdrawals.
The Benefits of Using Cryptocurrencies
When making payments online, players like to know their information will be safe, and their payments fast. That’s where cryptocurrencies come into play — thanks to their advanced technology, digital coins are currently the most reliable payment option. They require no personal or financial information, and third parties are unable to access your account.
Moreover, all payments made via cryptocurrencies are processed within minutes, and there are usually no additional fees you need to pay when transferring funds to your online gambling account.
With the constant growth in popularity, more and more casinos are introducing games that support payments made via cryptocurrencies, which allows players to try out a myriad of games while being perfectly safe.
New and Improved Cryptocurrencies
The cryptocurrency industry has become a rather competitive one — companies are always trying to outdo others, and we’re here to test every change or improvement made. And if that weren’t enough, new cryptocurrencies are continually appearing.
One of the latest additions we’d like to mention is EOS crypto. It’s a digital currency similar to Ethereum. They both work on the same principle, but EOS is faster and more secure. Additionally, the payments are completely free of charge, and EOS technology uses smart contracts, which is a big step forward in the industry. This means that only you and the platform you use for storing your digital money have access to your info.
If you want to learn more specifics on this cryptocurrency, this introduction to EOS is the perfect place to start.
Most Popular Crypto Payment Options
Even if you’re completely new to the online gambling world, you must have heard of Bitcoin. While it’s the oldest cryptocurrency, it’s still the most popular one. Since Bitcoin is a trendsetter, it might be challenging to overthrow it, but the competition is heating up. We simply can’t deny the fact that other cryptocurrencies are slowly but surely catching up, and it’s only a matter of time before one takes the throne.
Apart from Bitcoin, online gambling platforms will accept payments made in other important cryptocurrencies — Litecoin, EOS, Ethereum, Ripple, and similar. Now, it’s up to players to pick the one that’s right for them and take their gambling experience to a whole new level.