The inrush popularity of cryptocurrencies is tightly related to the issue of anonymity and privacy, which can become way important in the gambling sector. However, before paying safer, one has to know basic things about cryptocurrency casinos and how to find reliable ones, not only how to create a wallet for digital assets.
Safer gambling as practical use of a crypto exchange
Even though the recent attention to cryptocurrencies mainly relates to their investment potential, many owners of e-wallets like the protection levels and privacy that digital assets can provide. For instance, almost all the countries set quite strict conditions for the gambling sector, adding enough annoying obstacles for punters. While the phenomenon of cryptocurrency casinos isn’t new on the internet, far not everyone knows how to choose a safe one. Let’s review this specific issue on the example of cryptocasinos.lol, as one of the best sites for selecting a safe online gambling destination.
To bring more clarity to the issue of crypto casinos, imagine yourself as a punter who can spend a thousand dollars monthly for gambling because it brings you enough excitement and raises the level of adrenaline in the blood. At the same time, you are free of addiction, and the monthly limit has never been broken, while you prefer playing legally and pay appropriate taxes. At some point, governors decide that the monthly limit should be reduced to $500 (like in Sweden), or that the pause between pushing the spin button should be 10 seconds (like in Germany). While those limitations aim to decrease gambling addiction, one who is aware that gambling is a joy but not a source of raising money can be rather disappointed as his or her favorite entertainment was cut.
Here the issue of choosing safe cryptocurrency casinos becomes actual due to the nature of new assets. Blockchain technology allows hiding transactions, which means full anonymity and the ability to play favorite games without obstacles. However, not all the crypto-friendly gambling sites are entirely safe, so cryptocasinos.lol follows the following steps when reviews the best market destinations:
- Chooses licensed online casinos only not to be deceived right after registration;
- Registers and deposits real cryptocurrency;
- Checks welcome bonuses and play diverse casino games;
- Uses diverse methods of currency withdrawing (to test speed and reliability);
- Compares additional features (website functioning, support, security).
Cryptocurrency casinos require even less information during registration due to simplified financial checking procedures but still suggest the same modern games and reliability. Not surprisingly, this trend is growing for the last few years, according to the latest cryptocurrency news.
How to determine the best crypto currency exchanges?
Despite the fact that it’s almost impossible to start playing a crypto casino without being registered on the cryptocurrency exchange, the latter attracts a lot of attention from investors. Depending on the needs one wants to reach with registering on the trading platforms, he or she can choose quite different cryptocurrency exchanges.
Let’s review the basic aspects essential to know before downloading an app or registering on the exchange’s website. So, one has to pay attention to the following aspects:
- Type of the exchange: centralized/decentralized. The first ones are acting as classic stock exchanges, being an intermediate between the clients; hold traders’ cryptoes on the accounts registered on the platform. Decentralized are more like an informational platform, where clients with their own e-wallets just find the needed person to make an exchange.
- Fees and other basic financial requirements. The growing popularity of centralized exchanges means that outside blockchain processing with lower fees is beneficial, so this item is individual and can be rather low. However, some exchanges can have withdrawing limits or storing fees, so one should be attentive to suchlike details.
- Speed and variety of withdrawal. Although blockchain and cryptoes can satisfy flashy transactions’ speed, withdrawing money to the credit card can take more time. Diverse exchanges also present different sets of available linked payment systems for withdrawal.
- Variety of cryptocurrencies the platform is eligible to trade. While Bitcoin gained the biggest portion of the crypto market, altcoins are also popular and increasing even faster. As online crypto casinos in 2021 gladly process Ethereum, Bitcoin Cash, XRP, it can be an excellent alternative to counting an endless amount of zeros after the decimal point.
- Legal side and security. A lot of crypto exchanges are regarded by governments as alternatives to traditional stock exchanges, so they can be fully legalized by particular countries or states (in the US). For the centralized platforms, this issue is tightly linked to the variety of withdrawal methods and security.
- User interface. Here, the mobile application’s existence is also included, along with the design of the website or the app. As more and more people are getting involved, simplicity sometimes plays a vital role in the first stages.
There can be some additional aspects when choosing the best crypto exchange, but they are more subjective and play an additional role.
Read more: Best Gambling Payment Providers
