Over the past couple of years, cryptocurrencies started altering how we perceive finances and how we manage them. Many people invest in a variety of popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc. This market’s potential was also recognised by the best online casinos that payout, which started allowing users to pay via crypto while playing in online casinos. Let’s discover how to use crypto at some of the top Bitcoin casinos Canada.
How Are Cryptocurrencies Used in Casinos?
There are many payment options users can choose across different online gambling platforms. One of them is paying by crypto. Paying by crypto doesn’t look any different than paying by any other methods like e-wallet, wire transfer or card. All you need to do is choose the preferred payment option, log into your wallet and pay.
Some online casino operators allow both depositing and withdrawing in crypto. To make sure that you fund your player’s account with the right cryptocurrency, make sure to select the preferred one.
Which Digital Currencies Are Primarily Used in Online Casinos?
Cryptocurrency is a general term that covers a range of digital currencies. Each of these currencies has its distinctive feature, value and name. Check out some of the most popular ones you can use at crypto casinos.
- Ripple XRP
- Cardano (ADA)
- Polkadot (DOT)
The fluctuations are pretty common on this market, and some currencies can gain value in a matter of months and even days. Even if Bitcoin is currently one of the biggest cryptocurrencies, the interest in other tokens is gradually growing. This is why most online casinos tend to offer at least a couple of the most popular ones.
How to Make a Deposit Using a Crypto?
To make an online deposit via crypto when funding your online casino account, you will need to be an account holder and have a crypto wallet. Once you register as a user with your preferred online operator, you will be able to deposit. Here’s how it goes:
- First, users need to register for a crypto wallet
- Then, you will need to fund your wallet
- Find the preferred casino
- Check whether they offer a generous welcome bonus
- Click on the deposit button
Pros and Cons of Using Cryptocurrency in Online Casinos
Finally, there are tons of advantages and disadvantages of using crypto in online casinos. One of the main advantages is speed as well as privacy. The majority of players don’t like long depositing and withdrawing procedures. This, so more and more casinos nowadays offer fast payments such as paying via crypto. Besides, some players love to stay anonymous while playing online casinos, and crypto allows them to keep their bank account records clean.
On the other hand, there are also disadvantages of using crypto in online casinos. The main disadvantage is that not all the operators out there accept payment via crypto. Apart from that, the fluctuation of the exchange rate can be slightly annoying.