Place/Date: Limassol, Cyprus - December 3rd, 2020 at 2:08 pm UTC · 4 min read
Contact: Anastasia Semenova, Source: 1xBit
Gambling has been on the rise over the years, with many more people participating every day. While it started with physical casinos, it has evolved into online cryptocurrency casinos. These online casinos are becoming more popular than their physical counterparts, for a number of reasons. The following are five of the reasons why this trend is growing rapidly.
To enter land-based casinos is to make personal data vulnerable: you have to share sensitive information such as your name, age, ID documents, banking information, and sometimes even your passport depending on where you are playing.
But you won’t need it all to play in crypto casinos because cryptocurrencies are based on decentralized public blockchains that make transactions fully anonymous.
While this started with Bitcoin, there are now many other cryptocurrencies that are created with privacy in mind. These are known as privacy coins, and some of them are now used for gambling, further safeguarding the privacy of users of these platforms. This is likely to attract more people as time goes on.
Bonuses are part of casinos, including physical ones. However, crypto casinos give more bonuses to its users by far. There are millions of people across the world who are curious about the cryptocurrency industry, but they are afraid to use their money to buy crypto. By gambling online, they stand a good chance of winning some significant cryptocurrency bonuses that could help them build their crypto portfolios fast.
Physical locations are a major hindrance when it comes to gambling. This is why it is worth mentioning that crypto casinos allow anyone and everyone from any part of the world to participate without any geographical restrictions. There are even online casinos that restrict players from certain parts of the world from using their platforms, but this is not the case with crypto casinos. This, of course, gives this category of casinos an edge over the others and is one of the reasons that they are getting rapidly popular.
The government all over the world is always trying to participate in the activities of citizens. This is the case with brick and mortar casinos and some of the regulated online casinos. With cryptocurrency casinos, however, users are completely safe due to the fact that they are fully anonymous. This makes it impossible to track their activities, and so they can safely carry out their transactions without any form of interference from the government or regulators.
Security is also a major issue for gamblers when they carry physical cash or other rewards. With crypto casinos, rewards are withdrawn directly to users’ personal wallets with no middleman whatsoever. This makes it impossible for anyone to attack you or steal from you, as is the case with physical casinos. It also keeps you safe, as your payment details, such as credit card number, cannot be traced back to you.
Cryptocurrencies have come a long way from highly controversial assets to much sort after digital currency. Corporate mainstream organizations have recently been trooping to Bitcoin as an investment. It is for this same reason that Bitcoin casinos are becoming more popular. Many people now consider cryptocurrencies as superior to fiat currencies, such as the US Dollar, and they want a piece of it. Therefore, many gamblers are rushing to these crypto casinos in order to win rewards in cryptocurrencies, and this trend is not likely to slow down soon.
There has never been a better time for crypto casinos to shine, and leading crypto casino 1xBit is one of the best examples. All the advantages of crypto casinos enumerated above can be enjoyed on this platform and more. New users can get up to 7 BTC sign up bonus for the first 4 deposits, and there are more than 25 cryptocurrencies available to choose from.
The platform is completely anonymous, as the simple registration process does not require any personal details. Players can also easily withdraw their rewards to their personal wallets without paying any fees.
If you have been contemplating on whether or not to use crypto casinos, it may be the best decision you ever made at this time to do so. If you sign up on 1xBit, you will enjoy the many benefits of using cryptocurrency casinos instead of regular online casinos or physical ones.
Check out the official 1xBit blog for the latest articles.
Disclaimer 1xBit is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.