Benefits of Cryptocurrency in casinos and where to play

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Published by Daniel Hardman on March 07, 2020 in Casino Tips

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The online casino industry has experienced rapid growth and transformation over the past few years thanks to modern technological advancements. Not only have software developers release an array of high tech slot and new games but there have also been some new changes in online casinos themselves.  

One of these has been the addition of cryptocurrencies to the payment methods available. The majority of online casinos still provide traditional payment methods to choose from but added cryptocurrencies for those who prefer it.  
 

What is cryptocurrency? 

Cryptocurrency is essentially a digital set of numbers that have been assigned a value. These numbers can then be exchanged for goods and services. Encryption technology is used to generate new units of currency and verify transfers of online funds. Cryptocurrency is also referred to as virtual currency and a blockchain is used to keep track of all payments. Cryptocurrency is used for many things including online purchases, activities and now online casino payments.  

The best and most popular cryptocurrency currently used in online casinos include Bitcoin, Ethereum, Dash and Litecoin. Some online casinos also accept less popular cryptocurrencies such as NEO, Monero, NEM, Novacoin, Ripple, Zcash and Dogecoin.  

3 top-rated online casinos that accept Cryptocurrency: 

1. PlayAmo Casino 

PlayAmo was launched in 2016 and is owned and operated by Direx Limited. This online casino is fully licensed and regulated with both traditional and cryptocurrency payment methods available to players. As a player at PlayAmo Casino, you will have access to over 3,500 games from top software providers in the industry including Microgaming, BetSoft, NetEnt and Evolution Gaming. 

The casino offers a choice between the best online slots, table games and live casino games. New players can look forward to a superb welcome bonus package of up to $300 in bonuses and 150 free spins.  

2. BitStarz Casino 

This online casino was established in 2014 and is owned and operated by Direx N.V. BitStarz is one of the most popular cryptocurrency casinos that accept most cryptocurrencies. The casino houses games from top software providers such as NetEnt, BetSoft, BGaming, and Amatic Gaming. There are over 2,000 games including the latest video slots, card and table games, as well as bitcoin-exclusive games. 

New players at the casino will be awarded 20 free spins when signing up – no deposit required. And on your first deposit you can decide between a $500 welcome bonus package with 180 free spins or 5 BTC +180 Free Spins. Enjoy the best games in a safe and secure gaming environment at BitStarz Casino.    

3. Lady Hammer Casino 

This online casino is another Direx N.V. owned casino established in 2017 and themed around the ring queen, Christina “Lady” Hammer. The iconic fighter is the leading lady at this casino and she brings you knockout bonus promotions, a secure gaming environment and top payment methods to choose from including cryptocurrency options. There are over 2,000 games from industry leaders such as NetEnt, Microgaming, Yggdrasil Gaming and Evolution Gaming to choose from. 

Whether you enjoy slots, jackpot games, card games or live casino games, Lady Hammer has it all. New players at the casino will be treated to a superb welcome bonus package of up to $300 in bonuses and 130 free spins.  
 

How you benefit from cryptocurrency 
 

There is a wide range of benefits attached to using cryptocurrency which is why it has become such a popular payment method.
 

Take a look at how the use of cryptocurrency for online casino gaming can benefit you. 

Safe deposits 

As mentioned earlier, all cryptocurrency transactions are documented via blockchain technology. This means that every deposit and withdrawal you make at an online casino will be on the public ledger in a block of payments. Which ensures that there is transparency and proof in the case of disputes. It also means that thieves won’t be able to manipulate the information to their advantage.  

Quick payments 

While traditional payment methods such as credit and debit cards are trustworthy and secure they also require identity verification with each payment. With blockchain technology, all verifications are handled for you and payments are processed much faster. This means you can look forward to instant deposits and withdrawals. 

Higher limits  

Cryptocurrency is ideal for high rollers who like to place big bets and don’t like small limits. Traditional payment methods tend to have restricting limits and with cryptocurrency, the deposits and withdrawals limits are generally higher.  

Private and more secure 

The great thing about using cryptocurrency to fund your online casino activities is that it is not tied to your bank account or cards. Thus, your identity remains private making it more difficult for hackers and scammers to steal your identity.  

Another added safety measure is that of a passcode, the only difference is that the passcode used to verify the payment will change after every transaction. In terms of safety and security cryptocurrency is one of the best alternative payment methods to use.  

Transparent record 

As mentioned all transactions are made transparent through the use of blockchain technology. This ensures that everything can easily be verified in the public eye and you will remain anonymous at the same time.  

Safe and beneficial payment option 

Cryptocurrencies are becoming more acceptable across the globe and many online casinos have started adding trusted cryptocurrencies to their list of payment methods. While traditional payment methods remain available and safe to use there are additional benefits offered by cryptocurrencies that are undeniable.  

The industry is constantly changing and cryptocurrency has worked its way into the future of online casino gambling. With higher limits, speedy payments, plus added safety and anonymity, these virtual payment options are here to stay. 

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