It is impossible to imagine a world without cryptocurrencies anymore. Bitcoins are on everyone’s lips, and more and more cryptocurrencies are developing, and they are having considerable success. However, this novelty has also become a form of money that is now more and more used in gambling. Playing for Bitcoin in an online casino is no longer a dream, but a normal reality. This article explains why blockchain games are so popular, and why so many streamers advertise them.
What makes crypto casino popular?
Without a doubt, online casinos are popular and frequently used, and the growing number of slot streamers proves it. However, new laws make it difficult to gamble without full proof of identity and many restrictions. This provides a strong boost for crypto casinos as they create loopholes for state regulations as cryptocurrency is not officially considered money. However, anyone who has invested in and owns cryptocurrencies, including online casino streamers, knows that the same value is real and not fictitious. You can check out the full list of slot streaming platforms along with recommended crypto casinos by following the link. However, no online casino live stream will tell you how crypto platforms guarantee crypto casino anonymity.
Gambling in crypto casinos works just like on regular platforms: you register on the site, make a deposit, place bets and try your fortune. If you admire streaming, you can easily find out that there are no obvious differences:
- Casino players will now have to prove their identity to most providers and upload sensitive data such as a copy of their ID card to the operator. In terms of data security, this is borderline, as it has often been shown in the past that websites are hacked and data is leaked.
- Cryptocurrency casinos are secure, as proof of identity is not required. The user registers with the wallet and can play and place bets directly through the blockchain.
- Anonymous wallets can be used anywhere in the world, and they are not tied to any geographic location. The only thing visible on the blockchain is deposit or withdrawal transactions.
- There is no proof of user identity and therefore gambling in crypto casinos is considered anonymous.
Fast and flexible gambling
Depending on the deposit method, in the classic casino, it can take 1-3 business days before the money is available for betting. This problem does not exist with Bitcoin and other cryptocurrencies. The same goes for withdrawals, which often take up to a week in regular institutions. Cryptocurrency transactions, on the other hand, are done in seconds or minutes. Anyone who places a bet now can do it on the blockchain in seconds.
Wait times are rarely longer than a few minutes, as transactions are automated and occur without human control. Also, automated processes give a sense of security, as fraud is not possible with this system. There is no way to manipulate the blockchain from outside, so withdrawals are always available.
