Nowadays there is a widespread use of cryptos in a number of everyday and routine transactions people make via the web. Bitcoin, litecoin, ethereum and dogecoin are only a few of the buzzwords we get to hear today in the era where digital assets are taking over the traditional financial systems and are often replacing the traditional, fiat, government-issued currencies. And as the world of cryptos keeps expanding, more and more people try and experiment with them and more and more uses of these digital assets are emerging.
Using cryptos in gambling and betting is not something new. I mean those two markets are not among the new uses of Bitcoin and the likes. In fact gambling has been one of the most illustrative industries where cryptos have manifested their usage. And this is why a growing number of casinos, bookmakers or betting apps in Italy are increasingly accepting cryptocurrencies as viable payment and transaction methods.
Though cryptos are not new to gambling and betting, they are only recently beginning to have widespread support by customers. It is only recently that we see casual gamblers or sports bettors turning to digital assets for their transactions and using cryptos to make deposits, withdrawals etc.
Does the growing number of people using cryptocurrencies demonstrate a hype?
Or is it that these people have begun to appreciate the advantages and benefits of using cryptos and have realized that these digital assets can provide them with unique gambling and betting experiences?
Well, it might be that both are true, but we are here to present arguments for the second one!
Cryptocurrencies provide a number of different benefits to the users, but those that are really important to gamblers and sports bettors are the following:
Anonymity and privacy
The naked truth is that cryptos offer unparalleled levels of confidentiality when gambling and this is because their usage is backed by unprecedented discretion.
There is total anonymity when you gamble with cryptos and there is no gambling site, bookmaker or betting app that will require you to disclose any private information. That’s because cryptos are not linked with some kind of identification to you.
And when you are anonymous, you enjoy your privacy as well. You don’t have to implement any third party transactions, you are not required to get into any details or interaction with other than the gambling site and your own cryptocurrency account.
Global accessibility
The matter of geography is not an issue any more. You can gamble wherever you want, without any restrictions and with no constraints. You can choose a casino in the Czech Republic from the ceskecasina.online list and you can start playing games without being in the country. You can jump from Italian betting apps to other countries’ bookies with no problem at all.
That’s the good thing with cryptos. You gain global access to casinos and betting sites. You get to gamble everywhere and from anywhere. So, geographical boundaries and regulatory constraints are out of the way, leaving gamblers to be concerned only with the game they are playing.
Unprecedented security
Making online transactions has always been a question mark for people, especially when it comes to security concerns. Cryptocurrencies, using the blockchain technology, make sure that there is something unique: transactions are transparent, immutable and safe all together. This is not possible with fiat currencies and money that go through banks or other third parties.
Fast, seamless transactions
The very issue of security goes hand in hand with speed. With the “disintermediation” of third parties and the blockchain technology being the platform for every transaction, everything is done in a super-fast manner. You don’t need to wait for a deposit or withdrawal to be processed – something that can take some time when using traditional currencies. Everything happens really quick.
These four characteristics or features of cryptos are what actually make crypto gambling an experience that every gambler and every sports bettor wants to gain.