It’s now common belief among financial experts that in a short while, cryptocurrencies will replace fiat currency thanks to the overwhelming advantage they have over real cash.
More than crypto disrupting the financial system, the technology boasts of catering to numerous applications. The gambling industry is one such scenario where casinos are profiting from the introduction of blockchain tech. Below, I speak of how gambling platforms are taking advantage of the new age tech to develop and launch new brands that are set to obliterate traditional gambling sites in the coming years.
Decentralized networks within the blockchain powered casinos are some of the many benefits associated with the casino niche. Several kinds of these new age gaming and betting platforms have been launched. They in-turn are giving gamblers a platform to reap big in this industry. To keep up with the competition numerous traditional based gambling websites are now accepting multiple cryptocurrencies.
Unfortunately, they are yet to grant users the authentic experience of real crypto-based sites accord them. The result of which has further confused players who believe that cryptos are accepted websites will grant them similar benefits associated with new age cryptocurrencies.
Untrustworthy Crypto Casinos
The online blockchain casino platform is yet to be fully understood; this has seen numerous websites pop up and swindling punters lacking proper blockchain based casino knowledge. To grant gamers a trustworthy gambling platform, there are many great resources online such as Bitcoin-Casino-No-Deposit-Bonus.com website that reviews them to provide gamers with safe, secure gambling arena.
I encourage punters to only participate in blockchain casinos that are fully licensed if they want to play on a legitimate website. In recent years, major licensing authorities, the likes of Malta inducted crypto-based casinos, thus ensuring legit sites get licensed similarly as traditional based online casinos. The Maltese government encourages this type of gaming sites because it makes their regulation job easier thanks to the technology incorporated.
New Age Blockchain Casinos
Many gamers that take part in traditional online casino complain of how slow transaction are, how they get duped and manipulated when they engage in these sites. The house edge is always advantageous to the casino, and they end up losing more than they hoped. Fortunately; blockchain casinos come with a solution to the above mentioned and many other problems.
Smart Contracts are now eliminating the need for having a customer service department thanks to its decentralized nature. The same tech goes further in taking away any chances of fraud.
Anonymous Blockchain Casinos
Gamblers are looking for platforms that accord their privacy from prying financial institutions that are using their banking info to gauge their credibility. When a gambling transaction is sited on a financial statement, this can be grounds for the applicant to get rejected from securing financing for loans and even mortgages.
Blockchain-based sites grant punters the chance to play on their platforms without having to register their info, thus guaranteeing their anonymity. Moreover, this adds another security layer since operators will not gain access to info which they can sell off to third-parties. Additionally, player details don’t get stored on the website, thus making it impossible for hackers to access the same.
Accessibility And Player Profits
Blockchain-based casinos grant gamers more avenues to rake in profits other than the house edge. In traditional sites, gamers had to suffer through high fees attached to withdrawals, which led them to lose 5% plus as they withdrew their winnings.
In the new age gambling platforms, cryptocurrencies don’t come with fees attached, thus making it better for players to earn more as they play in these sites. Also, platforms such as Edgeless Casino don’t offer a house edge on their games, making it possible for punters to make profits that are 10% more!
Blockchain-based online casinos are much safer, secure, and grant users higher profits alongside other benefits, including bankroll possibilities. These are casinos of the future and will take precedence in changing how the gambling industry works within a few years. Cryptocurrencies will proceed to replace fiat currency gambling techniques.