As more and more countries around the globe are adopting online gambling laws, it’s becoming apparent that games of chance are here to stay. There are two ways you can go about it – making real money transactions in a fiat currency or doing the same with a cryptocurrency of your choosing. Some casino sites are flexible enough to accept both types of payments, but there are dedicated crypto casinos and such that only accept hard currency. We’ll focus on the pros and cons of each with a view of drawing a better conclusion.
Casino Bonuses
The capacity of crypto casino offers to accommodate high rollers is what is really striking. Although you don’t know how much three bitcoins will be worth tomorrow, matching a first deposit of up to three bitcoins is an impressive pledge some casinos of this type make. If you have the money and the will to commit them to gambling, you’d want to see the same commitment on the other side of the table too.
We should say that casino rewards for players using traditional payment methods aren’t that bad either. Most of the time, you can get a deposit match of up to a few hundred units of currency on your first deposit. Strong new player packages accommodate your second and third deposits as well. Free spins perks also come into play if you are a new player. To their credit, crypto casinos do some of that too. Regarding bonuses, it’s a tie between both types of online casinos.
Winnings Value
One of the main problems with going crypto is the oscillation of the price of the tokens. Even if you make it to the finish line and request a withdrawal, you don’t know how much your winnings will be worth an hour later. Conversely, hard currency is unlikely to depreciate in such a short time. Not even a day or two will be detrimental – history suggests. It’s obvious which of the two maintains their price better. If you don’t want to bring additional stress to an already stressful thing like gaming – choose a fiat currency casino.
Online Security
Technological advancements almost always result in better security for users; why would cryptology be any different? This one is a slam dunk for the crypto casinos. Deposits and withdrawals are impossible to trace, thanks to the uncompromising security of the blockchain. This is also a divisive topic because many users who are on the side of stricter regulation find it hard to swallow that no control can be exerted over payments made with Bitcoin, Ethereum and others of the sort.
Fiat currency casinos are not doing a bad job, either. Most of them are committed to using the services of certified payment providers such as Visa, PayPal, Paysafecard, and the like. These companies know everything there is about cyber security. Any of these payment methods should be a safe bet for gamblers who want to be safe in the knowledge someone isn’t going to run away with their money.
Provable Fairness
At traditional online casinos, you’re unable to see first-hand how the software of the games operates, meaning that you have to take someone else’s word for it. There’s no problem with that, but some players only accept hard evidence when it comes to whether they are treated fairly or not. At bitcoin casinos, you have what’s called ‘provably fair games’. That feature allows the player to see that before the start and after the start of the round, the casino didn’t somehow interfere with the game’s mechanics. This mechanism is said to be considered for how voting will be conducted in the future. Neat, isn’t it?
Fast Withdrawals
Bitcoin casinos beat fiat currency casinos to the punch when it comes to withdrawals. It comes down to the very idea behind the blockchain. It was meant to process payments fast and securely without unnecessary complications. The whole system is decentralized, and that renders any identification checks moot. Traditional casino sites are a completely different story. They won’t let you have your winnings without knowing everything about your identity and whereabouts. This slows down the withdrawal process tremendously, not to mention you might see your request as ‘pending’ for a while.
Conclusion
While cryptocurrency casinos look more like the future of gambling we’d like to see; traditional online casinos are holding strong with features of their own which do a fine job. You can find valid reasons to gamble at casino sites that take both types of payment methods. If we leave aside the prejudice directed toward the sustainability of the blockchain, we can safely conclude that more crypto casinos will open up in the future. That might, at some point, make a sharp transition necessary for some players. So, stay informed and don’t let yourself be caught off-guard.
