Cryptocurrency payments across highly encrypted blockchain networks are now a commonly accepted online payment solution for millions of people worldwide. Many of today’s most trusted iGaming operators have seen the numerous benefits this technology brings, and their willingness to embrace this new way to pay online has opened up the world of fully licensed and […]
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Cryptocurrency payments across highly encrypted blockchain networks are now a commonly accepted online payment solution for millions of people worldwide.
Many of today’s most trusted iGaming operators have seen the numerous benefits this technology brings, and their willingness to embrace this new way to pay online has opened up the world of fully licensed and regulated real money gambling sites, such as online casinos, dedicated poker sites, bingo and lottery sites, and online sportsbooks.
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Here is a closer look at some of the main reasons why crypto gambling is rapidly gaining popularity, including the many benefits depositing and withdrawing with cryptocurrency and blockchain technology brings to people who sign up to crypto-accepting iGaming sites.
How is cryptocurrency helping to shape the iGaming industry and contribute to its popularity?
Online casino and sports betting website operators that accept cryptocurrency as a viable payment solution and allow players to top up their accounts and then cash out their winnings when the time comes using this relatively new payment method have made sites like this far more accessible than ever before, which has massively opened up the world of online gambling.
For example, 10bet.com provides over 95 live dealer casino games from multi-award-winning software providers, such as Pragmatic Play and Evolution Gaming, and over 1,000 popular computer-generated games with high or above-average RTP payout rates from over 15 other market-leading game development studios and software providers.
Before the website’s cashier section started accepting cryptocurrencies for payments, many players missed out on being able to play these highly sophisticated games.
Those same players who don’t like using the less secure traditional online payment solutions, such as credit and debit cards or direct/instant bank transfers, can now enjoy depositing and withdrawing using their preferred online payment method – cryptocurrency.
The four main cryptocurrencies accepted on this world-class site include the following:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- Litecoin (LTC)
Anyone aged 18 or above can now take advantage of the many clear benefits of cryptocurrencies after registering their free account in under a minute.
However, those who prefer using fiat currencies instead of crypto can still deposit on this site using various other trusted online payment methods, such as Visa, Mastercard, Paysafecard, Neteller, Trustly, and Skrill, to name a few.
What are the benefits of crypto gambling?
Bitcoin and other cryptocurrencies are classed as digital currencies, and there are many notable benefits for players who choose to deposit and withdraw using this method.
Payments are made across decentralized blockchain networks, meaning no centralized governments or banks can monitor or track payments, which safeguards the very essence of online freedom. It’s immutable and anonymous, and some of the main benefits you can look forward to include:
- Enhanced security, thanks to higher levels of encryption and secure data recording and transferring
- Rapid transaction processing times
- Lower-costing transactions
- Global accessibility
- Open source and decentralized
- Limited supply with deflationary protocols
- Anonymous deposits and withdrawals
- Censorship-resistant and immutable
Important things to remember about using cryptocurrencies
Using Bitcoin or any of the other three cryptocurrencies currently accepted on this website is easy, and deposits are processed instantly, meaning there’s never any waiting around for the funds to arrive in your account. Additionally, crypto withdrawals are far quicker than traditional online payment methods.
The maximum deposit limits currently applicable here are 10.00000000 BTC, 10.00000000 ETH, 100.00000000 LTC, and 10,000.0000 USDT in a single transaction.
In contrast, players using cryptocurrency can deposit from as little as 0.00027000 BTC, 0.00490000 ETH, 0.15000000 LTC, or 10.0000 USDT. The great thing about cryptocurrency is that even if you deposited using your credit or debit card, you can still withdraw with crypto.
10bet will never charge you for deposits or withdrawals, so if you notice that any fees have been applied to any of your crypto transactions, it will be because of the crypto network you use. If fees are applied, they will be nominal and hardly noticeable, but it’s always best to check before depositing and withdrawing when using this method.
Why is 10Bet regarded by so many as the world’s best crypto gambling site?
This trusted brand has been around for over twenty years and is widely regarded by many as the world’s number-one crypto gambling site.
It’s controlled by one of the iGaming industry’s most trusted operators and is legally permitted to operate in several major global markets.
It’s multi-jurisdictional, meaning it has obtained the necessary licenses from top-tier licensing authorities/gaming commissions to operate in certain regions, including the Isle of Man Gambling Supervision Commission (since 2020).
The website has excellent reviews and player feedback and is highly ranked on today’s most trusted iGaming review sites.
It has sports betting and casino games all under one roof, lucrative bonuses with low wagering requirements, frequent prize-packed promotional offers, and it’s accessible from all desktop computers and mobile devices (smartphones and tablets).
Final note
When gambling on world-class sites like this using cryptocurrency or fiat currency, the important thing to remember is to gamble responsibly at all times.
Set a reasonable budget before you start playing, and to ensure you don’t exceed your budget, avoid chasing your losses with larger-than-normal wagers immediately after incurring any losses because doing so may result in losing more.
Finally, never sign in to place sports bets or play your favourite games while under the influence, tired, or intoxicated because doing so may result in taking risks you wouldn’t usually take.
The post Why is Crypto Gambling Gaining Popularity So Quickly? appeared first on Coindoo.
