Cryptocurrency gambling at mobile casinos has been around for a couple of years now. In the beginning, only tech-savvy bettors used cryptocurrencies when betting on a handful of online casinos. Luckily today, several online mobile casino apps accept cryptocurrencies .
But do you know why you need to ditch the typical fiat currencies in favor of crypto betting? This informative guide has some solid reasons why you need to start playing mobile casinos with bitcoin or any other cryptocurrency.
Lots of gamblers think that cryptocurrency payments are anonymous, which is a common misconception. That’s because every cryptocurrency transaction must go through the miners and imprinted on blockchain permanently. And as you may already know, tempering with blockchain information is virtually impossible.
So, how does this benefit a casino player? Well, cryptocurrencies are decentralized, meaning that a specific jurisdiction or country does not regulate them. In other words, cryptocurrency online mobile casino apps won’t take you through the numerous and tiring ID verification processes. Just sign up using your wallet address and get cracking!
As I’ve said initially, cryptocurrency payments are independent, eliminating the need for user verification processes. Therefore, crypto exchanges don’t conform with the tedious bank procedures and requirements. This, in return, makes your withdrawals and deposits pretty instant.
However, the speed of transactions significantly depends on the type of coin you’re using. Factors such as the number of miners and the mining time can determine the speed. To cut a long story short, you’ll take around 30 minutes to process crypto funds. Now that beats the multiple waiting days, you’ll get with other forms of mobile casino currencies.
If casinos weren’t making profits, the gambling industry would be dead by now. But unlike what some casino players think, online casinos are not common cheats. Instead, they have an inbuilt profit margin for every bet a player makes. This is called Casino Advantage or House Edge. The trick here is to ensure that the House Always Wins at the end of the business day.
With that in mind, the House Edge ratio ranges from 1% to 15%, depending on the mobile casino game. Typically, Bitcoin casinos offer the lowest House Edge rate, varying between 0.5% to 3%. Some online casinos even go further by providing 0% House Edge. So, know the Casino Advantage to determine what exactly are your winning chances.
Generally, cryptocurrency casinos offer generous sign-up bonuses in the form of free spins, bonus money, cashback, and more. Also, it’s simpler for game developers to integrate game titles into crypto casinos. Simply put, you’ll get a more comprehensive bonus and game variety on a cryptocurrency-driven casino.
But as usual, you should visit the mobile casino’s promotion section before claiming your crypto bonus. Check out the bonus terms, specifically the wagering requirement. And if you need more clarification, contact the support team immediately.
With mobile crypto casinos, you can play anywhere, anytime without restrictions. While mobile casinos already allow you to do that, some payment methods are not available in specific territories. Fortunately, cryptocurrency works in most countries, although governments have been attempting to regulate it. So, banking on a mobile casino with crypto banking allows players to withdraw and deposit funds at will anywhere.
The general benefits of using cryptocurrencies are what makes them excellent options for online mobile casino betting. The transaction process is faster, anonymous, and more secure. Also, the value of cryptocurrency coins can rack in significant profits. And not to mention the bank delays that can cost you that mouthwatering progressive jackpot.