Lots of different versions of online casinos are coming out to cater for the different needs of all the gamers out there. There are so many different ways to play too as you can play from your laptop, phone or tablet depending on your personal preference. But there are also lots of different ways that you can play at a casino depending on your choice of payment method. There has been a rise in the number of crypto casinos recently, but we want to find out if they will ever overtake the regulated casinos.
Join us in finding out all you need to know about crypto casinos and whether or not the benefits outweigh those of a regulated casino.
What is a crypto casino?
A crypto casino is just like a regular online casino, but the main difference is that they use blockchain technology and cryptocurrencies like Bitcoin and Ethereum instead of regular card payments with global currencies. These have come about because people are looking for different ways to play at online casinos and are always looking for different options. A lot of people view crypto as the safest currency and therefore are only willing to play games online if they can use this payment method.
Benefits of playing at a crypto casino
One of the biggest benefits of a regulated crypto casino is that this way of paying is really safe. People tend to like crypto because it isn’t traceable, something that people who aren’t a fan of leaving a digital trail enjoy. There is a limited chance that any of your payments will be tracked or that your crypto information would be used by someone else. Keeping your payments online safe is one of the things on people’s priorities when playing at a casino and this is where crypto can be really great.
- Able to use your cryptocurrencies that aren’t used elsewhere
Crypto is popular worldwide but there aren’t a lot of chances to use it in your everyday life. If you have a lot of crypto, you might find it tricky to find places to spend it. You can’t use it on your weekly shop or even at a lot of online stores and you don’t want your money going to waste. Being able to spend it at an online casino means your money isn’t going to waste and you can use it for something fun like an online casino. Of course, there are a lot of casinos who have very good payouts so there’s a chance you’ll be getting some of your money back! One major downside of crypto casinos is that they are often unregulated. Check a reliable review site to find the best paying online casinos in Canada which accept crypto as a form of payment, this way you can be sure you’re playing with a trusted provider. If you come across a crypto casino with no reviews, you might want to avoid it.
Another great thing about crypto casinos is that they’re accessible wherever you are in the world. Some places have much stricter rules around online gaming than others but being able to use crypto currencies can eliminate any issues you might come across with payments.
Benefits of a regulated casino
Regulated casinos have some very obvious benefits, the main one is that they are regulated against fraudsters. Even though crypto is a safe way to pay, not being able to trace where the money goes means that it can easily be used by people trying to commit fraud and go undetected. This is not possible to do at a regulated casino as all of the payments can be traced and this makes it a lot more difficult for fraud to take place.
- Legally regulated by the country’s governing body
Regulated casinos have the stamp of approval from the governing body in that country which means you know that all gaming is above board and legal. This is obviously important as it means you’re covered by the laws and regulations that keep everyone safe online. Knowing you’re covered by the governing body can keep your mind at ease when you’re gaming online which is imperative to having a good time.
- Can still use different payment methods
You can still use lots of different payment methods when you play at a regulated casino. They are catching on to the crypto casinos and seeing the benefits that players enjoy so some of them are adding crypto to their payment possibilities. There are also lots of other payment methods that are safe to use at a regulated casino. The regulations they’re adhering to mean that your money and your personal information is always safe.
Do you prefer crypto casinos or regulated casinos? Are there any reasons that you think we’ve missed this list?
