Crypto casinos have revolutionized the online gambling industry to a great extent due to the convenient and safe setting they provide. In recent years cryptocurrencies such as Bitcoin, Ethereum and Litecoin are gradually taking over the casino world, proving to be excellent main payment system or alternative to fiat-based money.

Bitcoin has the highest capitalization of the above mentioned and is the most popular digital currency. There are casinos which also offer Litecoins, Dogecoin and Dash as deposit/withdrawal methods.

Bitcoin casinos are quite similar to the regular internet casinos but have several obvious benefits which make them more and more appealing to gamblers. While betting with digital funds may have its downsides, it is worth noting that its pros far outweigh its cons.

Advantages


Speed of transactions - one of the main reasons for the popularity of betting at digital currency casinos is that transactions are at lightning speed. Made through the blockchain system transactions are very efficient and downtime is considerably reduced. Moreover, the absence of the intermediaries, involved in the approving stages, contributes to very small feels and little to none delays.

Anonymity - the blockchain technology is an elaborate system which effectively hides its main source and it keeps it away from public scrutiny. Thus players can benefit from security and anonymity which can be particularly useful to people who want to circumvent different gambling restrictions in the jurisdictions they find themselves. Certainly, if you want to remain low key with your activities on the web, cryptocurrencies provide you with the necessary tools.

Security - in cryptocurrency casinos, which often tend to call themselves anonymous casinos, you have the peace of mind that the chance of hackers stealing your money is very small. However, you must be aware that cryptocurrencies' value is very volatile. They can be affected by uncontrolled price fluctuations and this may result in substantial loses.

As you can see, gambling online with cryptocurrencies is secure, fast and somewhat anonymous. In addition, the chances to succeed are slightly higher as usually, you won't have to pay any transaction fees and can benefit from lucrative welcome bonus promotions.

Before embarking on signing up for a specific crypto casino, though, you should make sure that the site is Provably fair and it does not have a tendency to cheat its customers. The chosen operator must be able to prove that its odds are fare and it is not manipulating the results of the games. You are also advised to check whether the casino is licensed and regulated.