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Why do Gamblers use Crypto in Online Casinos

The online casino industry has become all the rage recently allowing players to enjoy their favorite games from the comfort and safety of their own home. However, many states have not legalized online gambling just yet. Of course that doesn't mean players cannot find a site to play on without serious ramifications. Safe Online Gaming is not recommending to break the law, and suggest to check with your local jurisdictions to see if it is legal or not to gamble using your own computer or mobile device. This blog is intended to only provide the reader with information if they are choosing to enter the exciting world of online gambling.



Using crypto for deposit at an online casino creates an anonymous transaction that is nearly impossible to trace. Your personal and financial information is protected with this level of anonymity so that you can gamble with peace of mind. There are also some disadvantages of using a Bitcoin casino. For example, as digital currencies such as Bitcoin are not regulated by governments or financial institutions, it is extremely difficult to detect and clamp down on fraudulent activity that is going on. This is one of the reasons Online Casinos will accept Crypto Currency as a form of payment.


There is no federal law that specifically prohibits crypto gambling, but the Unlawful Internet Gambling Enforcement Act (UIGEA) does prohibit online gambling in general. However, the UIGEA has been interpreted to only apply to traditional online gambling sites that use fiat currencies, like dollars or euros.


When you deposit or withdraw funds from a traditional casino using a bank or credit card, you might encounter high transaction fees. Bitcoin transactions typically have lower fees, making it more cost-effective for players. This means you can keep more of your winnings and enjoy a more economical gambling experience. In fact, almost 40% of all bets are made using cryptocurrencies. It has also been touted as being safer. They have strong, audited security measures in place. But printed cash can be counterfeited. Cryptocurrencies can be stored two ways: self-custody or third-party custody. If providing your own custody, you are fully responsible for keeping your crypto safe.


So if and when you decide to gamble, be sure to checkout the advantages of Bitcoin or other cryptocurrencies. Privacy, Security, Instant Payments, Cost-Effectiveness and its Optimization for Online Gambling are all factors that support the growth in utilizing these financial transactions to win real money.


There are thousands of sites to play, but it is important to do your research when choosing an online gaming site. Sites like https://www.fiestajackpot.games/ or  https://calientecasino.games/ and even https://www.sugarshack.games/ have all of the thrills of being at a casino in a safe secure environment.  Players can have hours of fun and a chance to win real money.  Each of these casinos have an operator standing by offering gamblers assistance 24 hours 7 days a week. 

 

For those operators who need a safe online site who need to purchase credits; visit sites like www.BuySkillCredits.com or www.InternationalGamingCredits.com.


In addition to having a great opportunity to win, you don't have to pay for that high priced drink or shell out hundreds of dollars to take a flight. As always, be responsible, and set your limits.

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