All The Pros Of Betting With Crypto Explained | Coindoo
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Lock Down Your Gambling Game With Crypto Casinos: All The Pros Of Betting With Crypto Explained 

Editorial Team Avatar
May 16, 2024
5 min reading time

If you’re a die-hard traditionalist… well, you’re probably not reading this article – but if you are, we’re here to convince you that what you need right now is to switch your betting habits from using traditional cash to using crypto. There’s a big trend in this direction lately, and for some seriously solid reasons – crypto offers a ton of advantages over normal cash when it comes to taking a flutter, especially if you’re betting online. 

Crypto’s got big in recent years, with more and more people looking to invest in crypto, and now it’s making waves in the gambling space too, with bettors across the planet starting to play with this curious commodity, staking their wagers using digital coins instead of traditional currency. But why? What’s causing this sudden swing in a new direction? Let’s figure it out! 

Security Sweeps All

What matters when you’re betting? Well, yes, the chance to win – we’re not going to argue with that… but for the savvy bettor, security is very high on the list. If you’re going to be sending or receiving money in the online space, you really need to know that the space is going to be as safe as can be – in as many ways as possible. 

Sure, casinos do their end, keeping their sites secure, often using military grade encryptions, making sure software is updated regularly, keeping an eye out for signs of fraud, and more – but crypto is one of the things that customers can do themselves, rather than having to leave it up to the casinos, and it makes transactions that much safer. 

We won’t go into all the details of this, but essentially, it’s because cryptocurrencies mostly depend upon the Blockchain, which keeps records of who owns what coins. These records are kept on many, many computers at once, so a hacker trying to change something about them is going to have a very tricky time… and essentially, it’s about as close to impossible as any financial theft is these days. For that reason, the savvy, hacker-aware bettor is swapping cryptos to keep their funds safe. 

The Novelty Draw

We’re not going to lie here – who doesn’t love “the next big thing”? We all want to feel like we’re up to date and on top of all the latest and greatest, and cryptocurrency certainly scratches this itch. If you do something like check out the Joe Fortune Bitcoin Casino, you’ll soon see that they’ve got all the best games, and plenty of options for players to explore in terms of crypto. You’ve got tons of coin choices open to you, and that attracts players from all over the place, curious to learn the truth about what’s what, and maybe even win a bit of shiny new currency for themselves! 

Sure, the novelty isn’t enough to keep people engaged forever, but there’s no question it’s attracting newbies who want to know what the hype is all about, and that’s no small amount of people. 

Convenience And Covertness

These are another two huge factors that are pulling people to the crypto casinos right now. Firstly, it’s convenient; you’ve got your digital wallet linked up with your favorite casino, and funds can be sent back and forth with ease, whenever and however you want. 

Speed an issue for you? Well, crypto transfers are usually much faster than traditional bank transfers, and you don’t have to muck around with currency conversions, which is a huge win – especially for those gambling internationally

Wave goodbye to having to spend time doing calculations when you play internationally. With crypto, it’s all clear and simple: what you see is what you get. And if you need an extra sweetener to attract you, it’s worth being aware that many casinos charge lower fees when you’re using crypto to gamble. 

So that’s the convenience factor… but what about the covertness? Well, not everyone cares about this, but a lot of people do – and it’s a huge part of what’s drawing people to betting with crypto. The anonymity. 

You can, for the most part, stay anonymous when you’re betting using crypto; you’ve still got to link up your digital wallet, but you can keep your banking info and loads of other sensitive data well away from the online space – something lots of people really appreciate. If you’ve ever felt uneasy while hooking your bank card up to a new casino… crypto could be the answer for you, because you can wave goodbye to all of that and just focus on enjoying your game.  

Not everyone cares about this stuff, but for those who do, anonymity is a big bonus when you’re playing online; it keeps your hobby on a need-to-know basis and ensures you’re not exposing yourself to fraud and data theft unnecessarily. That’s a “yes, please” from us, no doubt about it! 

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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