Today we are going to look at the difference between what separates crypto casinos and regular online casinos. There is a difference but that should become clear as we move along. At first glance, you may be under the impression they resemble the exact same thing, but you would be mistaken. Firstly, you may be more accustomed to online casinos, so let’s just clarify what they are.
Online casinos are traditional online casinos, whereby they are regulated by the likes of the UK Gambling Commission and operate traditional payment methods. Crypto casinos have one main difference in that they operate with cryptocurrencies as payment methods. A couple of examples of such currencies include Ethereum and Bitcoin. A further thing to add would be that, for example, the UK Gambling Commission current does not have a single crypto accepting casino registered on their site.
The best way to tell the difference between the two
If you’re a fan of using cryptocurrencies or want to understand more about how cryptocurrency can become your typical payment method, this is the right place to be.
You’ll immediately be attracted to crypto casinos, as a lot of online casinos will only accept traditional payment methods that revolve around fiat currencies such as PayPal, Vise debit and credit cards, bank transfers and other traditional methods of making payments.
Some of these crypto casinos may even offer bitcoin casino bonuses. Each crypto currency will pride itself on its transparency. The reason behind this is that when you’re making bets and payments with cryptocurrency, it is supported by blockchain. A decentralised process, which means all payments made at the crypto casino are secure.
It’s for these reasons that we are starting to see an explosion in the popularity of crypto currencies. Those users flocking to crypto casinos value the privacy that the blockchain process provides them with. Particularly when they are inputting payment details online and are wanting fair and transparent treatment from their casino experience. Whereas you can’t expect this same type of reassurance when it comes to transparency in typical online casinos where fiat currencies are accepted.
The only thing that crypto casinos could see as a disadvantage is that the only payment method they accept is cryptocurrencies. And so if you’re wanting to play at a casino online but you only have PayPal or a credit card, for example, this rules you out. And using cryptocurrencies does require a bit of a learning curve to know how to operate them, how to set up a wallet, and other fundamentals.
However, a big bonus and an incentive to try out a crypto casino is that payments are handled quickly. As each of the payments made online at the casino is supported by blockchain technology, this means, in simple terms, that the payments can be handled a lot faster than if you were using an online casino and a traditional payment method. It is especially useful as it means that payments can be handled almost in real time, and withdrawals, which are more important, are very speedy indeed.
In summary
Hopefully, the distinction between crypto casinos and online casinos is now a bit clearer for you. There is much to learn but the sometimes muddy waters will eventually clear. And ideally, it can help you decide which of these casinos to play at next time, the benefits of crypto casinos, how they are on the rise when it comes to popularity, and why people like using them because of the blockchain support they have.
