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Crypto Casinos Are Super Popular: Learn Why

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Cryptocurrency is a type of virtual currency that uses special cryptographic technologies to create and protect it. Cryptocurrency has not been unusual in recent years. A little more than 10 years have passed since the first digital currency appeared. In that time, this type of currency has become close to billions of people. And the number is growing relentlessly. Moreover, the leaders of many countries have taken notice of its investment potential. Nowadays, crypto can be used to buy various goods, pay restaurant bills, transfer as payment for services rendered and much more.

The logical outcome is the introduction of cryptocurrency into online casinos. Especially, no KYC online casinos have appreciated this new payment method, and, as you can learn from casino-howto, there are quite a few of them on the market. So to speak, its use as a payment instrument has become a major iGaming trend. Players are attracted by the decentralised nature of the currency, its security, independence from state authorities and absolute anonymity. All of these things combine to give the kind of comfort that each of us needs. All crypto casinos can be conventionally divided into two types. The first is a full-fledged digital casino. In such an institution, financial transactions are carried out only with digital “money”. The second option is called a hybrid option. It offers payments in both fiat and digital currencies.

Cryptocurrencies provide a high level of anonymity

As soon as cryptocurrency became widely known, many players started to choose blockchain casinos. It is 100% anonymity that attracts users from different parts of the world to place bets. Every time another transaction takes place between crypto wallets, players are assured of its confidentiality. No regulatory authority can trace the financial flows of every single taxpayer in their country. Yes, it is possible to track where virtual funds are being spent from a wallet linked to a specific individual if desired. But, firstly, this does not reveal the full identity of the individual in question. Secondly, in the absence of advanced technical knowledge in this area, it is impossible to conduct such research.

For added anonymity, bitcoin casinos often offer the fastest possible registration. If you come across a casino on the Internet that requires a user name, email and password in order to create a wallet, you are a typical casino that welcomes players to remain anonymous. Some operators are even more loyal to this procedure. There are casinos where you can create an account with just one click. But even that is not all. Some providers use innovative solutions even in the area of registration. In particular, one can come across websites that create a pre-account. In order to turn it into an account, you have to provide a system-generated username and, for example, an email.

Another positive thing about crypto casinos is that there is no or minimal verification. This attractive quality is still fundamental for those who do not accept the disclosure of their identity within the World Wide Web. To play games from the operator’s library, you don’t have to upload documents, enter data, or wait for a response from the institution’s administration regarding the result of verification. Register, make a deposit in cryptocurrency and play. Great! This trend is true for cryptocurrency customers in a regular online casino as well. There are situations where the terms of use of the site do provide for a verification process. It is required in exceptional cases. This refers to cases where the administration suspects the customer of carrying out fraudulent activities.

Deposits and withdrawals are much faster

The crypto casino in terms of payments is based on the use of a unique program. Certain actions are embedded in it. They are activated when the conditions set out in the smart contract are met. These very conditions must be clearly stated. In simple terms, the obligations of the two parties to the contract are fulfilled according to the formula “If…then…”. In fact, it turns out that in the case of winning, this amount is transferred to the crypto wallet automatically. Interference from intermediaries and banks is eliminated in the process of such transfers. Due to this, the waiting time for funds is reduced from 3-7 days (as often happens when using conventional payment systems) to a few minutes. Another advantage of using cryptocurrency is low or no commissions. And don’t forget that the blockchain is designed in such a way that no operator has the ability to limit the deposit amount.

The speed of transactions, surprising as it may sound, is influenced by the name of the cryptocurrency. The slowest transfers occur when using Bitcoin. It is the most expensive, the most popular and the slowest currency. In terms of rationality, Bitcoin is not the best choice among cryptocurrency currencies. Sometimes it can take up to a day to receive funds. The second most popular bitcoin currency is Ethereum. Even during the busiest times of the blockchain, money arrives in the wallet within half an hour. During the system’s ‘down time’, you can talk about a few minutes to complete a transaction. This is a very nice thing to have. But there is one “but” – the amount of commission can vary. Sometimes they are quite large. And another one of the most popular currencies is Litecoin. This is the currency that I am willing to advise you on. It delights with very fast transfers – up to a few minutes with low commissions. It is exactly what you need for instant deposits and withdrawals.

Crypto casinos are the future. The stifling of the full transition to the digital world is largely due to the fear of the unknown for many players. It only takes one crypto transaction to understand its simplicity. In this case, instructions and schemes published in the information section of the casino’s website can help. All you have to do to make a transaction is provide your wallet address, transfer amount and authentication key. Gaming clubs that offer cryptocurrency payments have controls over any financial transactions. Whether it is betting history, amounts, winnings or any other monetary activity, it is impossible to fake this information. Accordingly, you can always be sure that the casino will not cheat you.

Much more games are available at crypto casinos

While there is a difference between blockchain and classic slots when it comes to payments and anonymity, the gaming part is no different. Bitcoin casinos offer an equally impressive selection of slots, table and card games, video poker, craps and craps. This suggests that along with all the benefits of using cryptocurrency, you get access to a wide gaming library. What’s more, some venues offer such a large selection of games that many traditional casinos can’t boast. For example, one of the largest gambling sites, 7BitCasino, has over 5,000 titles to offer. Most of them accept bets in cryptocurrencies. Thus, video slots with cryptocurrency support are offered in more than 1,000 models, table games (roulette, blackjack, baccarat, Sic bo) based on RNG, other models (bingo, scratch cards, wheel of fortune, etc.) several hundred more.

So why does the number of bitcoin games continue to grow? The answer is obvious – the potential of the digital currency is visible not only to operators but also to the providers themselves. More and more studios are adapting their developments for blockchain, which means that their selection is also growing. For example, the number of rooms where real croupiers accept bets, including in bitcoin, has grown significantly recently. Crypto-gaming is characterised not only by a large number but also by diversity. A variety of plots, the use of innovative techniques and variations of game types.

Bitcoin

Which altcoins can you use for gambling when bitcoin is crashing?

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Since the advent of online betting, Bitcoin has been the preferred cryptocurrency. Time, however, is evolving. In the first quarter of 2022, its share fell dramatically. This week alone, Bitcoin’s value dropped by 15% over 24 hours, reaching its lowest point since December 2020. And this, according to experts, is tied to the increased interest in Ethereum and Litecoin, the second-leading cryptocurrencies. Their respective market capitalizations have increased by 3.45% and 2.95%.

What to expect for crypto betting in 2022?

According to the research, it is expected that cryptos would see growth, albeit with adjustments to coin share. And the diversity of cryptocurrencies used for betting will be a major trend.

But what is an altcoin, and which one can you use for gambling when bitcoin is crashing?

What is an altcoin?

The word “altcoin” gained popularity in 2017 when hundreds of different Bitcoin alternatives appeared on the market. However, by 2022, most of the top 100 cryptocurrencies will no longer be Bitcoin alternatives. Today, the market is flooded with new applications and products, some vastly different from others. With millions of cryptocurrencies already in circulation, it’s hard to keep up with everything that’s going on in the market.

In short, altcoins are non-Bitcoin cryptocurrencies. However, some are popular, with technological improvements that set them apart from Bitcoin. And there are several reasons why players prefer altcoins over Bitcoin. Let’s find out some of them below.

Why using altcoins for online gambling is a good idea?

There are many good reasons for gamblers to use altcoins. Here are some of them:

  • Availability

When compared to other coins, gambling with bitcoin can be expensive. Bitcoin is the most expensive coin right now (even though recently it has crashed seriously) and can be costly to buy compared to Ripple and Litecoin. They cost less.

  • Quicker transactions

Unlike Bitcoin, sending altcoins like Ethereum to online casinos for transactions is faster. In addition, some altcoins have added features that help transactions go faster.

  • Wise investment

Some altcoins can be used as an investment tool because their value keeps increasing. Because of this, investors buy a lot of altcoins to increase their chances of making money.

So, which are the most popular altcoins?

The following are some of the most popular altcoins used by online gamblers in the industry, especially when Bitcoin suffers its worst times.

Top gambling altcoins

Ether (ETH) – Popular cryptocurrencies are ranked by market capitalization, and Ethereum is the second-largest after bitcoin. In addition, Ethereum transactions move quickly, mainly when depositing money to online casinos.

Dogecoin (DOGE)– Even though it was made from an internet meme, the coin has become more prevalent in recent months. And casinos love it.

Litecoin – With quicker transaction speeds and cheaper costs than Bitcoin, Litecoin is undoubtedly one of the best options for gambling, particularly after a Bitcoin meltdown.

Conclusion

For the final remarks, we would like to point out that while Bitcoin struggles to regain its former glory, you can save time. Select one of the various altcoins and play freely in any crypto casino, like FortuneJack, where you can find the most exciting gambling atmosphere.

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Cryptocurrency

Cloudbet is Giving Away $10,000 to Celebrate the Return of European Soccer

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The soccer season is back! To celebrate, Cloudbet has $10,000 worth of USDT to give away to 10 lucky soccer bettors this month.

The pioneering crypto betting site will choose 10 customers at random who bet on any of the top 5 leagues (English Premier League, La Liga, Bundesliga, Ligue 1 or Serie A) from August 1-14. Each will win an equal share of the prize pool— $1,000 of the US dollar stablecoin.

Cloudbet offers all popular markets for the five leagues for customers to bet on quickly and safely via bitcoin and 17 other cryptocurrencies. By choosing to bet with crypto, users see faster transactions, lower fees and enhanced privacy on a decentralized system while enjoying the thrill of live-in play betting on their favorite teams.

The EPL is set to return on 5th August, with back-to-back defending champion Manchester City looking to claim their fifth title in six seasons. They enter the 2022-23 season as favourites, while Liverpool, Tottenham Hotspur and Chelsea head the rest of the field in the EPL who aim to dethrone Kevin De Bruyne, Erling Haaland and their teammates.

The English Premier League is heralded as the most competitive league in soccer, providing three of the last four UEFA Champions League finalists in the past two years. Besides the winner’s market, Cloudbet customers are able to bet on a wide range of outrights including who will end up bottom on Christmas Day, who will eventually get relegated, Top Goalscorers by club, and a huge range of others.

The Bundesliga starts on August 5th, with Bayern Munich as strong favourites to win. Ligue 1 launches in France the following day. Serie A and La Liga begin the following week on August 13th and 14th, respectively.

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Baltics

Crypto SNACK Secures $50M Investment Commitment from GEM Digital

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Leading iGaming token Crypto SNACK has secured a $50 million investment commitment from GEM Digital Limited, a digital asset investment firm that actively sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs worldwide.

Earlier this year, Crypto SNACK partnered with RCD Espanyol, making the team the first La Liga club to accept payments in cryptocurrencies, the first of many future partnerships designed to bring the efficiency of digital assets further into the world of sports, entertainment and beyond by onboarding crypto payments for real-world experiences.

The company plans to invest its new funding from GEM into further connectivity with top crypto exchanges, add to its growing portfolio of global professional sports partnerships, as well as continue to build out its blockchain technology and infrastructure.

“Together we are taking the right steps for #SNACK to become the #1 token in the iGaming industry. This investment will further accelerate our plans to make the future of decentralised finance possible,” Stuart Morrison, CEO of Crypto SNACK, said.

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