Online slots have come a long way since their humble beginnings at the turn of the 20th Century, rapidly rising to be one of the gambling industry’s most prized possessions due to its intense popularity. Indeed, this sector of the overall gambling market brings in multiple millions, if not billions, of dollars in each and every year, marking it out as one of the most lucrative industries in the world.
There has always been a lot of money in the casino industry, that much should be really rather obvious given several gambling site has surfaced. However, over the hundreds of years that casino has been a legitimate thing the nature of this money has changed. For instance, at the beginning and for most of the last 300 years cash has reigned supreme, but more recently the ability to make monetary transfers online has changed things. Cryptocurrencies seem to be the newest sensation when it comes to making casino deposits and claiming your winnings, let’s explore this as an option for online slots…
What Are Cryptocurrencies?
So, first things first, what on Earth even are cryptocurrencies? Well, for those of us that don’t know, cryptocurrencies are a new way of making monetary transactions, but unlike anything else they are purely digital things. Cash doesn’t exist in the cryptocurrency world, instead it uses elaborate computer code called block-chain to create a whole new currency. Sounds cool, right?
For a while cryptocurrencies weren’t really that well known, and were often associated to the “Dark Web”, the regular Internet’s criminal underbelly. These days, however, they have become incredibly popular, especially with people looking to make a sound investment. Bitcoin has definitely emerged as the most popular, however there are a variety of cryptocurrencies that one can use these days, for example:
- Bitcoin Cash
Why Would I Use Cryptocurrencies To Make Deposits?
But here’s the thing, why would anyone use cryptocurrencies to make online casino deposits when playing online slots? Especially when the usual system in place seems to work just fine? There are a few reasons why some people prefer cryptocurrencies, and one of the main ones is that they grant the player a lot more anonymity than standard transaction methods. If you use your card, for instance, the site automatically know your name and address – not the case with crypto.
Furthermore, cryptocurrencies are generally a lot more secure than regular bank transfers due to the fact they are made out of complicated computer code, so your money could actually be safer using these. Another nice thing to think about is that using cryptocurrencies as a deposit option for online slots will generally mean you pay less fees, and you know what that means? More money for you!
Can I Make Casino Deposits Using Cryptocurrencies?
Yes you absolutely can, however at the moment cryptocurrency deposits are constrained to a handful of online casinos such as Bitcoin Dice and Ethereum Gambling. However, once more rules and regulations are placed on the cryptocurrency world we expect there to be a lot more options available!