It wasn’t all too long ago that the thought of cryptocurrency would never even cross people’s minds. As a matter of fact, if you told your friends 10 years ago that you would soon be able to play online casino using crypto they would look for a straitjacket and ship you off to the nearest loony bin. Yet, here we are and there’s no turning back now.
Pay Tribute to the Original Crypto Casinos
There’s a lot that has changed in the world and for the casino industry, we have to thank BitStarz, mBit and 7Bit Casino for. Why? These guys were the first ones to break the barrier in 2014 as the first casinos who accepted both fiat AND crypto as payment!
Their forward thinking and its snowball-effect has resulted in a lot more casinos doing the same and many of them are purely open for crypto-business. Also, despite still being the undisputed crypto-king, Bitcoin isn’t alone anymore. Other coins such as Solana, Litecoin, Ethereum, Tether and the rest are very popular and I’m sure we’ll be seeing a lot more coins popping up going forward.
Is it too early to say that the future of online gambling belongs to crypto casinos? Well, let’s take a look.
More Options Than Ever
The fact that there isn’t just a single coin out there proves, or at least shows, that cryptocurrency is here to stay. In today’s society, there are so many areas where cryptocurrency is accepted and step by step it is becoming part of normal life. I mean you can take out cash from Bitcoin ATMs, buy property etc.
And if we look at crypto as well as hybrid casinos there are plenty of options for making both deposits and withdrawals. Not to mention the knowledge found at some of the customer support with BitStarz, mBit and Stake leading the charge.
Let’s not forget the emergence of Bitcoin games and the fact that more and more providers are releasing games that accept other types of crypto as well.
Ofc, there’s a lot more work to be done before every single thing works smoothly, but it is impressive how far the industry has already come so the future is bright.
Speedy Deposits and Withdrawals
One of the biggest reasons for players loving using crypto when playing is the speedy transactions. Before, players would have to wait 3-5 business days or sometimes even more but with crypto, it’s a whole different ball-game.
Today, it won’t take more than a couple of minutes and even if something slows it down from time to time, it won’t be more than a few hours.
One of the biggest things when playing anywhere is safety. Not only do you want games to be fair, you want all of your transactions to be S-A-F-E!
Because it’s cryptocurrency, you can count on it, which makes your life a lot easier.
Volatility Can Swing Both Ways
Just like a lot of slots, the volatility in crypto is very high. This works both ways, as in it can be both a blessing and a curse.
Who knows if your deposited crypto will drop 15%, leaving you with less “cash value” than expected. On the other hand, what if you win a bunch and the value shoots up 23%, without you having to do anything?
There are two sides to every coin and as volatile as the market can be, you can very well make a lot more money than first expected. If you keep a close eye on the development, you can use it to your advantage as you make a withdrawal and convert.
The Future Is Already Here
Even though I’d like to think so, I can’t predict the future and neither can you. However, I don’t see crypto leaving the casino world anytime soon, meaning the future is already here.
There are still thousands of online casinos out there who refuse to accept crypto but with time, I don’t think they’ll have a choice if they want to compete.
Sure, the market has dropped dramatically over the past year but if you can see it as a set up instead of a set back, you’ll be ready to take over the crypto casino world going forward. I don’t know about you but that sounds pretty sweet if you ask me!
Don’t miss my list of the best crypto casinos and the detailed reviews I have written about them all. You’ll find plenty of options there and I promise there are a lot of great ones that won’t let you down.