Around a decade ago, the financial system of the world was still in the throes of turmoil. Politicians were harrowing to draw up policies that would help the banks from failing, hoping to restore some faith in people like you and me.
This fear of economic collapse, however, made people think differently about money in general and many questions were suddenly raised where, in the past, we all just accepted what was said and done by higher powers.
And, while the world was looking for a solution, between mid-2007 and early 2009, Satoshi Nakamoto (whoever it is) created Bitcoin.
The rest was history!
At first, the idea was seen as deceptive, and dodgy, maybe even fraudulent but things have changed dramatically since then.
Because people started to understand the concept and more and more industries began to welcome cryptocurrencies with open arms.
It became clear that cryptocurrencies is simply a form of trading that has been around forever.
Bartering began in 6000BC and the first coin (the shekel) dates back 5000 years ago. From hereon Bills of exchange were followed by currency wars which essentially led to the introduction of banks as we know it today, which was then followed by cryptocurrencies.
It’s as simple as that.
The gambling sector is no different when it comes to adaptation. It has seen remarkable changes in the past decade, embracing every possible chance to revolutionize the industry as a whole.
And, when two receptive forces meet, you get the perfect match because when they come together they create something that is far greater than either of its parts.
Crypto Casino or FIAT Casino?
It’s a dead giveaway! Let me tell you why.
Instant Crypto Deposits and Withdrawals
I generally despise a waiting game if it is not necessary and I assume most gambling enthusiasts feel the same way because transaction speed is one of the most fundamental characteristics attracting players to opt for crypto over FIAT at online casinos.
Cryptocurrencies allow for instant deposits, withdrawals, and transactions which is very difficult to achieve with FIAT transactions so instead of extended waiting periods to withdraw your winnings when using FIAT, crypto transactions are processed and cashed out within minutes.
Anonymity, Security, and Transparency
Fake Bitcoins can’t exist. Every single transaction is encrypted and recorded, making it impossible to bypass the meticulous protocols. Your money is always secure because it is recorded in a digital ledger and because it is not tied to any government, there is no possible way for anyone to track your spending, meaning that all your transactions are untraceable by any person other than yourself.
But, just because crypto is not tied to a government doesn’t mean that crypto casinos are not regulated. Casinos like 7Bit, for instance, that accept cryptocurrencies exclusively are legally bound to use provably fair gaming methods and are licensed by the government of Curacoa to ensure fair gameplay.
Crypto has Lower Transaction Fees
It’s a known fact, that traditional banking methods have rather high transaction, processing, or conversion fees which is not the case with cryptocurrencies because it is decentralized and uses minimal resources. So, when you make a deposit or withdraw using crypto, you’ll most definitely get more value for your money.
Another perk of crypto casinos is that the minimum deposit requirements are much lower than that of FIAT casinos. Take Stake.com as an example, they don’t have any minimum deposit at all. You just need to make a deposit larger than the transaction fee (which is very low) which means that a $5 equivalent deposit will be enough to spin a reel or two.
Like conventional FIAT casinos, crypto casinos also have bonuses and promotions but the difference lies in the margin. Where you’ll generally need to settle for a 100% match bonus up to $25 as a FIAT bonus, you’ll be able to get insane crypto bonuses of 9 BTC + 300 Free Spins at crypto-only casinos like mBit for example.
And, if you enjoy a good old no deposit spins bonus, you’ll still get them playing with crypto. Fortune Jack gives you 100 Free Spins for simply verifying your email address and mobile number and TrustDice has a faucet that allows you to claim free crypto every 6 hours plus 50 free no deposit spins.
Yes, you’ll also need to play through wagering requirements but they are often a bit lower at crypto casinos and you sometimes get wager free promotions like the 300 Free Spins Welcome Bonus at Winz Casino.
Crypto casinos think differently. It’s almost as if you enter a new world because they invest a lot of time to make your experience as engaging as possible. The graphics are generally fantastic and navigation is smooth sailing. You’ll also find interesting challenges like the Bitstarz Level Up Spaceship Adventure for example that is so captivating, that you just want to join in.
Customer support is almost always insanely good and there is often a community chat where players give feedback on their experience. This along with a strong presence on social media just shows that players are valued and that feedback is important to crypto casinos in order to improve the player experience.
The Bottom Line
I’m not saying that there is anything wrong with choosing FIAT for your gaming experience but for me, the perks of crypto at online casinos far outweigh the benefits of playing with FIAT.
Registration is anonymous and takes only seconds, deposits and withdrawals are instant and the costs involved are minimal.
Your personal data is secure at all times, yet still traceable by yourself and you’ll get massive bonuses with decent wagering requirements and even wager-free or no deposit spins.
Innovation and creativity are also much more evident at crypto casinos making gambling an experience and not just a pastime and there is a sense of appreciation that makes you feel valued thanks to multiple chat platforms and (mostly) impeccable customer support.
Hope you found this informative, and if you have any questions or comments, feel free to drop them in the comments section below.
Happy week fellow gamers, till next time.