Why are Ethereum casinos so popular?
As crypto technologies develop, interest in them is snowballing. As a result, more and more people are abandoning their usual activities in favor of mining, trading, and other ways of earning on cryptocurrencies. Ethereum casino is top-rated today because many crypto enthusiasts prefer to choose this particular type of currency for a game deposit. This solution has many advantages, which we want to talk about today.
Why do players prefer Ethereum casinos?
Several reasons why more and more players are choosing to use cryptocurrencies. Firstly, if you are engaged in mining or trading, you have sufficiently large assets in crypto, so it is very convenient for you to use them to pay for goods and services. It avoids paying extra fees for currency conversion.
In addition, the use of cryptocurrencies is a prevalent trend today. Many celebrities today are popularizing crypto technologies, which maximizes the number of crypto enthusiasts.
However, the use of cryptocurrencies has several practical advantages; among them:
- Circumvention of government regulation;
- Anonymous game;
- Low transaction fees;
- Instant payouts and more.
Each aspect is essential, so they are worth discussing in more detail.
Bypass government regulation
Each country sets its own rules for regulating the gambling industry. So, some of them have introduced a complete ban on the activities of land-based and online casinos on their territory. However, you can bypass this ban using cryptocurrencies if you want to gamble. But using these assets allows you to erase any boundaries.
Also, it is very convenient to use if your platform does not accept your country’s currency.
Many players prefer to play anonymously. It is not only a question of reputation but also of security. Many casinos ask you to provide personal information about the client (passport details, place of residence, and much more).
Hackers often attack playgrounds to break into players’ accounts to steal their assets and discover personal data. In the future, this information can be used for blackmail or other benefits.
Many crypto casinos do not ask their customers who use such assets to provide such data, so this is the easiest and most reliable way to play anonymously.
Low transaction fees
Ethereum sets the lowest transaction fees. The problem is that some fiat payment systems ask for a reasonably large reward for their services (about 5% of the winnings, which can be very inconvenient for users who have won the jackpot).
As for cryptocurrencies, the commissions here are minimal. So, Ethereum takes, on average, only 0.05% of the transaction size, which cannot hit the player’s wallet much.
Ethereum is considered one of the most secure blockchains; transactions in this database cannot be traced or intercepted. Players who use this currency cannot become victims of scammers.
In addition, this has the very best smart contracts, so refunds become impossible. In any case, you can protect your assets and personal information.
The speed of money withdrawal depends on your chosen payment system. So, payments to some electronic wallets take an average of 24 hours, and to bank cards – up to a week. As for cryptocurrencies, you can receive your winnings instantly.
Disadvantages of crypto casinos
Using a crypto casino can have several disadvantages. It should be said right away that a lot here depends on the platform you have chosen. So, today there are gaming clubs that accept only cryptocurrencies. It is inconvenient for users who want to combine fiat and crypto assets in one account.
In addition, some online casinos have a limited number of gambling activities that accept cryptocurrencies. It is worth saying that today many providers are developing such software, and over time the number of crypto gambling activities will overgrow.
Another problem is the sharp fluctuations in the currency’s value; however, many consider this an advantage. If you understand the processes in the crypto world, you can earn money on it.
Most Popular Crypto Casinos
Today, there are quite a few casinos that accept cryptocurrencies, but not all of them are popular. Among the most requested are:
- Bit Starz;
- Joo Casino.
Each of them has its advantages and disadvantages (different terms of cooperation, bonus programs, limits, and much more), so it is worth studying the work of each of them and reading the reviews of users who previously had experience playing on these platforms. On the website https://ordb.org/, specialists collected the most comprehensive information about crypto casinos. They carefully study the market and analyze the activities of each casino. Here you will find the most accurate and up-to-date information about the operation of the gaming platform (reputation level, what gambling games you can play, what are the advantages and disadvantages).
ORDB specialists register on online casino sites and check the operation of games, support services, and user-friendliness of the interface and mobile application. After the experts have tried the online casino, they may give a more exhaustive review.
In the end
Gambling assets are top-rated all over the world. Every year, more and more players use cryptocurrencies to pay for deposits, which has many advantages. Every year, the number of people who were able to appreciate them is multiplying. At the moment, the most famous cryptocurrency for gambling is Ethereum. This is one of the most popular currencies, with good capitalization, excellent protection, and a low cost compared to Bitcoin.