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The majority of consumers now have access to mobile devices, and as connectivity continues to improve they have become an excellent alternative to land-based betting facilities.
U.S. consumers are relatively limited in their state-licensed options as only six states allow online casino operations. However, offshore operators provide an alternative, with the list of casinos taking crypto growing every year.
Betting expert Sergio Zammit reviews the best crypto casino apps based on a variety of factors including the sites’ terms and conditions, security, customer services, and more.
We take a look at why so many consumers have turned to casinos that accept cryptocurrencies below.
The Benefits of Using Crypto Currencies With Online Casinos
Crypto casinos offer their customers a variety of benefits that make them an excellent alternative to traditional online casinos and land-based operators.
Enhanced Privacy
Any online financial transaction carries some level of risk, but using crypto means you won’t have to pass over sensitive information like bank details. Some crypto sites don’t require the same levels of identification as traditional online casinos that have KYC (Know Your Customer) requirements.
Quick Withdrawals
Many crypto casinos will market themselves as instant withdrawal options and can be significantly quicker than traditional casinos. Crypto transactions are typically processed within minutes and don’t have the same delays that can come with traditional banking methods. Crypto payments aren’t affected by weekends, holidays, or banking hours and this can also be beneficial for players trying to make deposits.
Low Fees
Lots of financial transactions can incur fees, and finding the cheapest ways to make deposits and withdrawals is beneficial for all consumers. Cryptocurrencies are known for having lower fees than traditional banking methods, and customers using international gambling platforms won’t have to worry about conversion fees.
Global Accessibility
Cryptocurrency is a decentralized alternative to fiat currencies and is the perfect option for consumers making international transfers and transactions.
Exchange rates and currency restrictions are not applicable to crypto payments.
This helps American bettors access internationally licensed casinos if they live in states where online casino operations are prohibited.
Gambling laws in the U.S. are determined by each state, with online casino gambling only permitted in Pennsylvania, West Virginia, Delaware, Connecticut, New Jersey, and Michigan.
Offshore betting sites can be legally accessed by U.S. bettors living in states where operations are prohibited. Online casinos licensed in other jurisdictions provide consumers with a safe way to enjoy their favorite casino games.
Increased Security and Transparency
As well as offering greater anonymity and requiring less personal data to process payments, crypto transactions are also recorded using blockchain technology. This makes it easier for third-party audits to be carried out as all transactions can be checked.
This provides players with a high level of transparency and ensures operators are fair.
Crypto transactions can’t be reversed, making it much more difficult for fraudulent chargebacks.
Offers and Promotions
Everyone loves a good deal and online gambling operators offer prospective new customers a great range of exclusive deals as a way to stand out from competitors. This can include risk-free bets, enhanced odds, and deposit matching up to certain amounts.
These deals can help consumers enjoy new games or increase their stakes without risk and can be a great way to check different casinos’ facilities.
As well as sign-up deals, many crypto casinos will also offer deals to existing customers based on their activity. Customer retention can be even more important to businesses than attracting new customers, so looking out for the best deals can be well worth it.
Conclusion
The online betting industry has benefited massively from improved mobile technology and connectivity developments. This now means that consumers can access high-quality gaming experiences from the comfort of their own homes or on the move.
Strict state regulations limit online casino operations in the U.S., but offshore operators can provide an excellent solution for this. Using international betting sites gives U.S. consumers access to casino betting markets, and using cryptocurrency to access these carries a great variety of benefits that make it one of the best options available to gamblers who want safe, secure, and quick online transactions.
