When we play in our favourite casinos, we exchange our real money for chips. And whilst these tokens might feel plastic, they are still considered a form of currency. This makes the chips attractive to criminals who still try to produce counterfeits. Amazingly enough, casino croupiers often state that it’s an easier task to make fake money than chips these days. But what do you look for when you are playing? What do you do if you find a bunch of casino chips? In this article, we will give you the full lowdown on how to protect yourself and what the casinos do to keep you safe. We’ll also let you know how counterfeiting criminals are dealt with in the USA.Read more
The Reliability of Cryptocurrency Usage in Online Casinos
The online casino industry is growing by the day and with it the many possible ways to fund your casino account. No matter what online casino you choose to visit you’ll find a number of payment methods available to fund your casino account.
Nowadays there are even some foreign methods available which might scare you if you don’t have all the information. One of these is cryptocurrencies such as Bitcoin which has taken the world by storm over the past few years. Cryptocurrencies have managed to grow and expand and has now made its way into online casinos. And many players especially those new to the currency are wondering about the reliability of these cryptocurrencies in online casinos.
More and more casinos are opting to use cryptocurrencies as a form of payment method. Some online casinos still provide other ways of payment where others have become cryptocurrency only online casinos. While it might seem daunting to use cryptocurrencies for making payments it’s the same as any other payment method, if not more effective and cost effective.
Legitimate Cryptocurrency Casinos
The first thing you need to know is that there are some online casinos that provide cryptocurrencies as part of their regular payment options while others are solely cryptocurrency based casinos. You will find many cryptocurrency based casinos which exclusively take payments via for example Bitcoin.
The main thing to take into account is that not all these cryptocurrency casinos can be trusted or are legitimate. Some of these are fraudulent and should be avoided at all cost. The safest way to ensure you are playing at a legitimate cryptocurrency online casino is by doing all the necessary checks. Do proper research on the casino and take the time to read player reviews on the casino.
You can also choose a cryptocurrency casino from the CasinoTopsOnline list of top rated cryptocurrency casinos. These have all been vetted and reviewed and are deemed safe to play at. Never make a deposit at any online casino before doing proper research first.
Why You Should Consider Playing at A Cryptocurrency Casino
While there are still some kinks to sort out regarding Cryptocurrency Casinos they are considered to be the safest online casinos available thanks to the blockchain technology. The blockchain technology protects and secures your information via encryptions and eliminates all the necessities of involving your financial institutions in the process. In essence the blockchain technology helps cut out the middleman and speeds up the process.
Playing at a cryptocurrency online casino has a number of benefits not only for the operators but also for you as a player. We can list countless of benefits but the main perks include the use of alternative payment forms which do not require you to provide your sensitive information such as your ID number, bank details, address and more. All that is needed is your name, username and the details of your e-wallet.
Another great perk of cryptocurrency casinos is that there are very rarely any fees attached to your transactions. Most regular payment methods come with fees attached to your deposits and withdrawals. With most cryptocurrency options you will have very low fees or in most cases no fees at all. And the best part of all is that you will always get your deposits and withdrawals processed much faster. Once the casinos regular processing period is over you should have your funds instantly.
With cryptocurrencies you will also have the benefit of using small amounts at a time. It’s generally hard to spend cryptocurrencies in small amounts as they won’t generate any profit. And your player purse will also be protected from any national authorities prohibiting actions. By law for example, a Bitcoin Purse cannot be legally frozen or blocked by the authorities. The main reason being that these aren’t used to store any kind of approved/permitted currency. Because of this it becomes easier for players across the globe to access online gambling sites even if the activity is banned within their regions.
Cryptocurrency casinos are also more honest thanks to the use of cryptographic algorithms which allows you to check the legitimacy of each spin’s outcome. You’ll also have access to a very large gaming selection so no need to fear less gaming options. And on top of that you can also look forward to exclusive bonuses and promotions other online payment methods won’t have access to.
The cryptocurrency online casinos are still finding their feet within this growing industry. With great benefits such as full confidentiality, high levels of protection against any fraud, minimal or no fees on transactions, instant payouts and complete transparency from online casinos they are quickly gaining speed. More and more players are choosing cryptocurrency based online casinos for the many benefits they offer. And with so many additional safety features it can be said that the use of cryptocurrency is completely reliable in online casinos.
Keep in mind that this only goes for recommended and trusted online casinos as there are some fraudulent cryptocurrency casinos out there. If you want to try out a cryptocurrency online casino make sure you do your research before signing up.
Take a look through the CasinoTopsOnline list of recommended Cryptocurrency online casinos for safe and trusted cryptocurrency options today.
Latest News View all
Who are the gamblers who've made it to the top? It was a difficult task to put together this list and it caused huge debates in our offices. But after much discussion, we narrowed it down to 10 famous gamblers. Here we take a look at the highs and lows of career gambling as well as the millions of dollars of profits.Read more
Getting started at an online casino shouldn’t need to cost the earth. With a deposit of C$20, you can unlock some great deals and a top-class experience at many sites in Canada. C$20 deposit casinos are popular and whilst there are loads out there - should you trust them with your cash?Read more
Italy and England will face each other on Sunday at Wembley in what has been an existing European Championship tournament. Hosted a year later due to the pandemic, the Euro 2020 will come to an end on Sunday at 3 pm, with the final taking place at Wembley. Is it coming home? Or is it coming to Rome? Let’s see what the bookmakers say.Read more
Let’s face it, most of us love a bonus. These are the joyous treats that keep us ticking and give us that little bit extra. Making us feel welcome at our favourite online casinos, or rewarding us for our loyalty. They come in all different shapes and sizes these days, as sites compete for our business.Read more
Crypto bring with it new opportunities and for all those online casino players who prefer to use cryptocurrencies for their gambling payments, we know of several online casinos that support Bitcoin, Litecoin, Ethereum and other cryptocurrencies as a payment method. So, which of these sites can we recommend for 2021?Read more
It is always a momentous occasion when someone wins an online jackpot from a casino. And while many of us believe that they do not come around so frequently, several big winners were recorded in 2020. So, keep playing and you never know, you could be the very next person to claim a jackpot payout. Let’s have a look at the biggest online jackpot wins of 2020.Read more
UK online casinos that offer a £100 deposit bonus are quite common, especially as we see an increase in the number of online casinos, which results in greater competition between them - and better offers for players!Read more
Bankroll Warriors is our hit casino podcast, offering you a look into the world of the best slot games online at the top casinos around. So get right for lights, camera, and spin! Whether you’re after discovering the best bonuses or just after some suggestions for a new game, our new all-star streamer team has got what you need.Read more
You've watched the show, and now you want to play along with the Jon and Drew themselves - read on to find out how to get the best promos to maximise your bankroll with the Bankroll Warriors!Read more
Europe is a hotbed for casino gaming activity, and there’s little wonder. With locations like Monte Carlo, London and Malta all playing host to exciting casino escapades, it has quite the popular appeal for players. It is also due to this that many online casino slots have become popular in their own right with players from the continent. So, which ones can be considered the five favourites of European casino players? We’ve got a look at each of these and their inbuilt features below.Read more