The Rise of Crypto Casinos: Why Are They Popular

Crypto casinos might have started as a trend, but they have quickly become the best alternative for players. The gambling journey has always been about offering more fun and convenience. From brick-and-mortar casinos to online casinos, then mobile casinos, to now crypto casinos, each step of the way unlocks a new experience.

So, why are players drawn more to crypto casinos? Simple, they solve real problems for online casino players. Whether it’s fast transactions, safer games, better access, or higher bonuses, crypto casinos have proven their worth.

Here’s a breakdown of why crypto gaming sites are becoming more popular.

Anonymity and Privacy

One aspect that sets crypto apart from any other currency is anonymity. Unlike regular online casinos with a know-your-customer (KYC) policy, which requires players to submit personal details like their name, email, and home address, as well as proof-of-identity documents, crypto casinos don’t need such information.

For most of them, all they want is your username and password. And since you have a crypto wallet, you’ll easily make deposits and withdrawals. Players who value anonymity in their online gambling experience have a haven in crypto casinos, which is one reason they are popular.

No Geographical Restrictions

Some countries restrict online gambling, so crypto casinos become the most convenient option. Traditional online casinos are regulated by local laws, and their payment options are tied to financial institutions that can easily block gambling transactions.

To access an offshore online casino, you’ll most likely need a VPN and set your location to a different country where players are allowed. However, crypto casinos allow players worldwide to access their platform without the need for a VPN. Since they use cryptocurrencies for their transactions, you don’t have to worry about restrictions from banks or other payment providers. 

Provably Fair Games

Regarding gaming, both online and crypto casinos offer a vast library of games from top software providers. You’ll find reputable developers like Evolution, Microgaming, Playtech, and Pragmatic Play powering their games. Their catalogs also feature a wide variety of slots, blackjack, poker, roulette, and live dealer games. If you want to play free online casino games, you can choose the demo or practice option and enjoy some free play.

However, the difference comes in when you consider the fairness of their games. Online casino games have an RNG that ensures all outcomes are random and is tested and audited by independent parties. For crypto casinos, their games run on a blockchain network, meaning players can easily confirm whether the game outcomes are random, making them provably fair.  

Fast and Convenient Transactions

Nothing beats the speed and convenience of crypto transactions. Playing at an online casino means you’ll have to choose to transact with either credit cards, bank transfer, e-wallets, or prepaid cards, which can’t compare to crypto. Bank transfers can take up to 5 days and usually have high fees and amount limits. On the other hand, credit cards can take up to 2 days, while e-wallets like PayPal and Skrill may need up to 24 hours.

The extra fees, conversion costs, and long processing times are issues not applicable to crypto transactions. Crypto deposits and withdrawals are instant, taking a few minutes at most. The transactions usually have no or low fees and are processed immediately. So you can cash out your winnings anytime. 

More Value and Better Bonuses

Crypto casino players generally get better value for money than their online casino counterparts. Because of the low or no fees, players retain most of their money and can use it to play games and try their luck at winning. Online casino payment methods charge some fees, and these small amounts add up in the long run.

Crypto casinos offer better bonuses because cryptocurrency transactions are less costly to process. So they use that money to boost their bonuses, and that’s why, compared to traditional online casinos, their promotions are more generous. Whether it’s a welcome bonus, cashback reward, or a reload bonus, a crypto casino’s bonus will likely be higher. 

Several Accepted Currencies

Lastly, crypto casinos don’t just limit you to one digital currency. There are multiple options for players to choose from. As always, Bitcoin never misses since it’s the most popular cryptocurrency. But you can find other alternatives based on your preference: speed, privacy, or low fees.

You’ll find Monero (XMR) for players who desire privacy or Ethereum (ETH) for those who want fast deposits. If your concern is volatility, and you don’t want your winnings to lose value because of a volatile crypto market, you can go for stablecoins like USDT or USDC, which are pegged to the US dollar.

Initially, playing on crypto casinos was a challenge for players using fiat currency as they had to exchange their currency for digital coins at exchanges, but not anymore. There are crypto casinos that also have an exchange platform for players to trade currencies without leaving the platform. 

Conclusion

Have crypto casinos fully replaced online casinos? No. Are they quickly catching up? Yes. It’s evident that crypto casinos solve the pain points for many casino players who want a streamlined gaming experience. Through their low fees, anonymity, provably fair games, and better bonuses, more players are slowly embracing crypto casinos.