To many gamblers, the world of Bitcoin and other cryptocurrencies remains a mystery. Several years on from its launch, crypto retains a small and loyal following, but the take-ups are increasing.
One area that has seen significant growth is that of online casinos. More and more customers are using Bitcoin and others to fund their accounts and to take advantage of the offers and promotions that are on the table. Some casinos are ‘crypto only’ and many of these operators publish no deposit bonuses, free spins, and matched deposit deals. These are all useful promotions, but why are more gamblers choosing Bitcoin rewards?
Value in All Areas
Playing with Bitcoin, Litecoin, or any of the cryptocurrencies currently accepted can be cost effective in many ways. Because of the decentralized nature of the platforms, players are more likely to avoid fees when they are playing with Crypto.
While debit cards and bank transfers are generally free to use at FIAT money casinos, that may not be the case with digital wallets. Many customers like to use PayPal, Skrill, or another of the digital platforms that are available, but several online casinos attach fees to deposits and withdrawals.
The likely absence of fees is one advantage, but crypto offers significant value in other areas too. Because it’s more cost effective for the platform to provide crypto transactions exclusively, they can afford to be more generous with their promotions.
As a general rule, players will see more free spins, no deposit offers, and matched deposit deals, and the levels will be higher. There is, therefore, more value to be found as a crypto casino player and it comes in the shape of zero fees and higher bonuses.
Added Benefits
The anonymity attached to the blockchain and its method of operation is another big draw for crypto players. While it’s always essential to verify identity, some traditional casinos are becoming very intrusive with their checks.
Proof of income, employment, and other assessments are coming into play as the industry tightens. Affordability is important, but with crypto casinos, there is a greater freedom among online players.
Transactions also tend to be quicker. While it’s fair to say that most traditional casinos process deposits instantly, this isn’t always the case with withdrawals. Rather than wait around for their funds to hit their bank account or digital wallet, crypto customers are more likely to receive their returns without any delay.
Each of these benefits provides an advantage over traditional casino play, and they are among the reasons why more customers are using crypto exclusively.
Your Classic Crypto Casino Player
There is no such thing as a typical casino player, but those who choose Bitcoin play tend to fall into a certain demographic. Generally, they are high rollers; players who are online regularly, and staking higher levels of money than the average customer.
This is why Bitcoin and others appeal to them, and the casinos have reacted to meet their demands. The biggest advantage for crypto players lies in the bonuses that are available. While there will always be exceptions, most crypto bonuses are more generous. There are more free spins, higher no deposit levels, and higher percentages on matched deposit deals.
Crypto customers demand more, and in the world of online casinos, their needs are clearly being met.
