There are numerous advantages to using cryptocurrency payment methods at online casinos, and these advantages are attracting the attention of more and more players, even in Germany and other European countries as well.
The increased demand for such online casinos has led to an increased supply.
This is why we are seeing newer and newer online gambling platforms focusing primarily on these payment methods, while at the same time more and more platforms are offering cryptocurrency bonuses, just as Janusz Casino.
The most common option is a mixed selection, meaning that classic payment methods such as Visa and Mastercard can be used, as well as e-wallets such as Skrill and Neteller, but cryptocurrencies are also becoming increasingly popular and widely available. This is the case at Fireball Casino as well.
The Most Popular Cryptocurrencies
We have visited numerous gambling platforms recently that offer bank transfers and e-wallets, but most options are now available in cryptocurrencies.
The most popular cryptocurrencies you can find at online casinos are:
- Ethereum
- Bitcoin
- Litecoin
- USDT
- Doge Coin
- Ripple
Of course, there are now more options available at individual casinos, but these are the ones that you are sure to find on every site.
But let’s not waste any more time, let’s take a look at the advantages of these payment methods and why they are becoming increasingly popular among online gamblers.
What Are the Benefits of Cryptocurrencies?
One of the most fundamental advantages of these payment methods is that they ensure very fast transactions. This is true for Janusz Casino, based on our experience.
The waiting time depends on the casino, of course, but if you request a payout on a reliable platform such as Janusz Casino, you can receive your winnings almost immediately with the help of cryptocurrencies.
In addition to speed, in some cases you can even maintain your anonymity during transactions, so you don’t have to provide your bank details directly to the casino.
Basically, a player would not register at a casino that is not completely secure, but regardless, the possibility of anonymity attracts many.
There are also disadvantages to using cryptocurrencies on online casino sites, as not many people dare to claim that they are as secure as traditional FIAT currencies.
At the same time, cryptocurrencies are considered relatively unstable, if only because they are highly susceptible to exchange rate fluctuations.
Things to Know About CryptoCasinos
The main thing to know about crypto casinos is that their huge advantage is speed. Deposits and withdrawals can be made much faster than at a typical online casino.
Anonymity and delayed KYC are also characteristic of crypto casinos. This means that players can participate in gambling anonymously, but they can also expect KYC checks at a later date. In many cases, withdrawals can also be made without proof of identity.
It is also worth knowing that you do not necessarily need to have a cryptocurrency e-wallet to register at crypto casinos. There are online casino sites that automatically convert the amount you deposit into the token or cryptocurrency used by that platform.
Overall, it is very important that before you register at a crypto casino, you familiarize yourself with how they work, their special promotional opportunities (such as rakeback), and give yourself enough time to learn about them.
Tips and Tricks
If you want to try out a crypto casino, it’s worth knowing a few basic rules. This will help you avoid any unpleasant surprises later on.
First of all, always make sure that the platform you have chosen is transparent and legal. It is important that the site has a valid gambling license and uses appropriate encryption to protect your personal data. Fireball Casino, for sure, has a valid gambling license.
It is important to note that these casinos operate on a cryptocurrency basis, which means that you need to purchase the currency before making a deposit. When your winnings are paid out, you will also need to store the amount in online wallets or convert it.
The sometimes drastically fluctuating exchange rates of cryptocurrencies can involve some risk. Even during a single game, the value of your deposit can change significantly. This adds an extra risk to gambling that should not be overlooked.
All in all, however, if you use cryptocurrencies carefully and responsibly on gambling platforms, you can enjoy the benefits of a fast and modern payment method.
