As of 2020, the global online gambling industry got valued at $57.11 billion, projected to reach $97.69 billion by 2025.
For the longest time, gambling activities have been funded through traditional means, which are not convenient due to processing time. Cryptocurrency is taking off and making itself more useful in various niches, and the nature of this technology actually cuts out most of the gripes that players have with online casinos. Read along as we divulge the rise of cryptocurrency casino gambling.
For a more technical dive into exactly how these cryptocurrency casinos work, including speed, security, regulation and transparency, please read our Stake Cryptocurrency Casino Overview.
The Rise of Crypto Casinos
It has only been in the last two years or so that these sites have taken off to a significant degree. They have grown because people who own the coins want to use them on everything from gaming websites to vending machines. Some sites even offer loyalty programs that give players free bitcoin deals for playing which are usually more than what classic online casinos offer. Check out the current promotions going at Bitstarz here and Stake here.
One of the best things about playing at a bitcoin casino is that you can be sure that you will get paid quickly. The payments are processed through the blockchain, a secure and transparent ledger. So not only do you get to enjoy gambling your favourite games, but you can also be sure that your money is safe and will arrive whenever you win a hand at a poker game or a round of roulette.
The best cryptocurrency slots allow players to deposit funds instantly, so that they can get started gambling right away. However it’s the withdrawal times that really appeal to players. The blockchain technology behind it makes cryptocurrency transactions almost instant. No more waiting for days to collect your winnings!
Bitcoin casinos can be a very profitable niche for new players to venture. If it sounds like you, try it out! It’s always fun playing the games, and you have the opportunity to win currencies that can also increase in value. If this is all new, just signup into a cryptocurrency casino online to learn how to get a new player bonus for yourself.
Crypto casinos make it very easy to instantly buy cryptocurrencies via traditional means, so if you don’t have any crypto yet don’t fret!
We hope that this has convinced you to give them a try and that you will enjoy playing at some of the top sites on the internet. Good luck!