Cryptocurrencies are popular in many industries. But it’s only recently that they have been incorporated into the iGaming industry.
In the USA, for example, only a few online casinos are now offering this type of currency as a banking option. One example of safe places to play with cryptocurrencies is mBit Casino. In fact, the operator is known to support multiple coins, including Bitcoin, Litecoin, and Ethereum.
The rise of crypto online gambling across the globe can be attributed to ease of use and security, as we have discussed in this article.
What is online crypto gambling?
Before we go any further, let’s get an understanding of what crypto gambling is exactly.
Well, for veteran players, you already know what this means. But for new punters, online crypto gambling is simply making online casino payments using digital currencies. So, instead of depositing using FIAT money like USD or GBP, you can fund your player account using BTC, Monero, or any other popular crypto coin.
Several online casinos support such transactions and have attracted many players across the globe. In the USA, in particular, many states are now legalizing online gambling. So, some casinos now allow you to make deposits and withdraw to your cryptocurrency wallet.
The popularity of online casinos in the USA
Online gambling services have been around in the USA for over a decade now. The popularity of this industry is due to how convenient it is. You simply need a portable device to enjoy the gaming experience from wherever you are.
But it wasn’t always like this. Some states in the USA still don’t allow their residents to engage in online gambling. For example, in Kentucky, Indiana, and Oregano, residents are not allowed to practice online betting. However, these states are known to offer offline betting services. So, you can still visit a land-based casino and play any of your favorite casino sport, slot, or table games betting.
However, with the introduction of cryptocurrencies, several states that used to offer traditional online gambling are now accepting these coins for deposits. In Texas and Kansas, for example, you can transact using Bitcoin.
Why is crypto gambling popular?
Like anything else in online gambling, there are a few advantages of playing at a crypto casino in the USA.
- Anonymity – Online crypto casinos came to offer players a level of anonymity that the traditional casinos did not have. For example, when making the deposits, you will not be required to provide your bank account details, you will only have to indicate your wallet address, and the money will be credited to your crypto account.
- Gambling security – In the USA, online crypto casinos must adhere to the set gambling regulations in the respective states where they operate. This way, every player is protected from unscrupulous casino operators. These Bitcoin casinos also use the latest software encryption to ensure all your account details are secure.
- Fair play – One of the major advantages of crypto casinos is that you can be sure of fair play across all their platforms. This is because some casinos offer provably fair games. So, you can check the fairness of the game of your choice even before you make the deposit. Also, some casinos have RNG games.
- Fast banking processing – Crypto casinos in the USA are known to process withdrawals faster compared to traditional casinos. The standard withdrawal processing time for BTC is within minutes. What’s more, they are free of charge. So, you get to save up on every penny earned.
I think it’s safe to say that crypto gaming sites will continue to increase as more players now prefer these casinos to the traditional ones.