Yes, you can play blackjack by using cryptocurrency at many online casinos that accept digital currencies like Bitcoin (BTC) Ethereum (ETH) and others. It is how most high stake players prefer to play. Do you know what a cryptocurrency is? It is a digital or virtual currency that uses cryptography for security and operates on decentralized networks based on blockchain technology.It allows people to send and receive payments directly without needing a bank.
More innovative digital asset-based payment methods have been gaining transactions and becoming top-tier payment methods used by the majority of online casinos to make their services available to the diverse audience. In the case of playing blackjack using cryptocurrencies, there are some interesting factors to consider like, more privacy and security, lower transaction costs, global accessibility etc. Now lets go deep into online blackjack using cryptocurrency.
The Rise of Cryptocurrency in Gambling
In the year 2010 online casinos slowly started to support the usage of cryptocurrencies in gambling games.Since then the growth of cryptocurrencies was very proliferated. That was just the beginning. Online casinos were ready to take the crypto deposits, bets and withdrawals. We can deposit cryptos instantly and might take only a few minutes to withdraw it. There is no need for checks or waiting for hours in the bank etc. Literally, we can access our winnings without waiting for even a minute.
Gamblings based on cryptocurrency is one of the fastest growing industries with a market size of $250M. Out of that $250M, 60% of bitcoin transactions are based on gambling.
Benefits of Using Cryptocurrency in Online Blackjack
As I mentioned above, the main advantages of using cryptocurrencies to play online casino games are Security, Privacy, Lower transaction fee and global reach.
1- Security
Every cryptocurrency transaction is permanently recorded in a digital ledger called ‘Blockchain’. No single user can control that, which means it is extremely difficult to hack or to do any fraudulent activity compared with traditional payments.
2- Privacy
These transactions are more anonymous than those involving standard banks. Another main thing is the users don’t need to provide their personal or financial information to the casinos. That will reduce the risk of identity theft that goes with online or in-person gambling.
3- Lower Transaction Fees
Crypto transactions are cheaper, especially when moving an international payment. Compared with moving real money around through payment processors like Visa and banks, crypto transactions give the users more benefits.
4- Global Reach
Cryptocurrencies are giving the players more opportunities to explore. For example, Some sites may be prohibited in your country and because of that traditional payments will also be restricted, but if you are using crypto currency instead of real money, you can take part in that restricted website’s casino games. Cryptocurrencies are unaffiliated with any national state or financial infrastructure.
How to get started with online blackjack by using cryptocurrency?
When using cryptocurrencies to play online blackjack players need a digital wallet to store the bitcoins. Players can purchase bitcoins from cryptocurrency exchanges. Then deposit them into the online casino account and begin playing. Players can withdraw their winnings into their bitcoin wallet within minutes.
New Players and Cryptocurrencies in Blackjack.
Some online blackjack casinos provide bonuses and rewards for the players who use cryptocurrencies as their payment option. Because of this, more new players have come forward to start playing online blackjack by using cryptocurrencies. The quick transaction speed and other benefits are also a reason for the new players to make the BTC blackjack gaming a top priority for them.
Conclusion
In conclusion we can say that the advantages of using cryptocurrencies to play online blackjack is one of the main points of attraction for more players to come and play online blackjack. Also using blockchain technology to ensure transparent and secure transactions by recording all game activities provides absolute parity and quality in the game. Compared with traditional transactions which may take a few days to settle money, where bitcoin transactions take place in no time. It will save your precious time.
The development of an online casino that uses crypto is a step into a future that is much more vibrant than in the past. Crypto has the power to trigger the next big innovation in the field of online casinos and today or tomorrow we will see more technology driven changes. Now you know the benefits of using cryptocurencyin the game. This is your time to enter into the world of online blackjack. All the best.
Read More: Can You Play On More Than One Online Casino?
