Cryptological technologies are conquering new markets — from the traditional finance sector to the entertainment industry. This truly disruptive technology not only enters the business, becoming an integral part of it but also provides entrepreneurs with new opportunities. It often changes the very essence of traditional business models.
Specs of Crypto-Gambling
The gambling industry has been rapidly developing on the Internet in the past few years. The market has been majorly affected by new technologies. Nowadays, there are dozens of cryptocurrency casino, which boast of huge popularity among gamblers of all ages. So what makes people resort to crypto-gambling? Is it a profitable hobby or just a waste of your money?
Benefit #1 — Your money Is Always Yours
One of the main pain points of traditional online casinos is the security service, which can block your account at the slightest suspicion of fraud. It is sometimes enough to accidentally get to the same table with scammers who launder money obtained by criminal means to permanently lose access to your account. The security service will block your account and freeze (in favor of the casino) funds on it.
In cryptocurrency casinos, the probability of blocking your account due to suspicion of the origin of funds is negligible. Thus, one of the key properties of crypto casinos is that the user’s money belongs to the user.
Benefit #2 — Micro Bets
As a rule, all digital monetary units are divided into small parts, which is especially beneficial in the case of cryptocurrency casinos. And it’s not just about bets that are less than $1. You can easily play for amounts like 0.00001000 BTC, which is equivalent to around $0.002. Thus, the doors of a crypto casino are open not only for hunters for a big jackpot but also for those who just want to play their favorite games for small money.
Benefit #3 — Cryptocurrency Volatility
One cannot ignore the favorite property of cryptocurrency critics — high volatility. For players, if the price of crypto units rises, this is an obvious and pleasant bonus. Just imagine that you had several won Bitcoins on your account which began to cost 10 times more in just a week or so.
Benefit #4 — Casino Without Borders
Imagine a situation that you live in a country where gambling is prohibited not only in real land-based offices but also on the Internet. And serious online casinos just don’t let you play for real money. Yes, you can use the IP-address of another country, but when you enter funds from a bank card or when identifying in the service, your trick will most likely be noticed. In the case of a crypto casino, such problems will not arise. Even if you use a different IP-address, your “digital money” will not tell anyone where you are from.