• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    How to Make the Right Decision before Investing in Crypto

    How to Make the Right Decision Before Investing in Crypto

    Decentralized Marketplace

    What are Decentralized Marketplaces?

    Cryptocurrency is Here to Stay

    5 Reasons Why Cryptocurrency Is Here to Stay

    Web3 Pets

    Spotlight on Web3 Pets – Will 2023 Be Their Year?

    Crypto Swapping

    A Definitive Guide on Swapping Cryptocurrency

    crypto casino games

    What Are the Most Profitable Crypto Casino Games?

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

How Cryptocurrency Is Changing Online Gambling

Hellen by Hellen
December 18, 2020
in Cryptocurrencies

Online gambling is a favorite leisure activity for many gambling enthusiasts around the globe. Now that we’re all stuck home because of the pandemic, it has become especially popular among gambling enthusiasts.

Thanks to global connectivity and modern-day smartphones, online casinos, and betting sites are more accessible than ever. Online gambling is popular because it’s continuously adapting and following the latest trends.

Online Gambling and eSports

online gambling
Source: EveryMatrix

Numerous betting sites realized the potential of the emerging eSports market. Nowadays, eSports betting is a must-have for every reputable sportsbook provider out there. While it introduced some much-needed variety and added new games for punters to bet on, another emerging trend may potentially revolutionize the online gambling industry — cryptocurrency.

In fact, you might’ve already noticed that more and more casinos and sportsbooks are adding cryptocurrency to their platforms. Cryptocurrencies come with numerous benefits for both the players and the operators, and now there are exclusive crypto-only gambling houses popping up in the online world. 

Cryptocurrency Transactions Are More Secure

Even though many online casinos use the latest encryption technologies to protect your personal information, transactions that occur on the blockchain add another layer of security to the whole process.

Every transaction that happens on the blockchain is permanently written onto a globally distributed ledger. Whenever money or property is transferred via blockchain, the transaction is time-stamped and verified by everyone on the blockchain. This ensures that the information cannot be altered or falsified in any way.

Virtually No Fees

While most online gambling establishments do not charge any fees for processing payments made to and from the casino, third parties often do. Regardless of which payment option you decide to use, you will often end up having to pay a little extra for a bank or an e-wallet to process your transaction.

When it comes to transactions made with cryptocurrency, only exchanges or the miners who validate the transfers are involved. This means that transaction fees are minimal and that processing times are extremely fast. Just keep in mind that transaction speed varies slightly depending on the cryptocurrency you decide to use.

Improved Privacy

privacy
Source: MashableIndia

Unlike fiat currencies, cryptocurrencies are not regulated. This means that no third parties such as banks or governments are involved.

As a result, online casinos can circumvent many of the KYC protocols, and people can freely gamble without registering and leaving personal information on the casino’s website. Not only does this make the entire process faster, but it also guarantees anonymity.

Conclusion

Despite being around for years, cryptocurrencies are still not widely accepted. The good news is that blockchain technology is advancing, and in time, is guaranteed to revolutionize much more than just the gambling industry.

We’ve outlined several benefits of using cryptocurrencies, but whether you gamble with them or not is entirely up to you. As you may know, the crypto market is highly volatile, which means that your casino winnings from yesterday might be worth a lot more tomorrow. In the end, it’s a thrilling gamble, either way, you look at it.

Tags: BlockchaincryptocurrencieseSports bettinggambling enthusiastsmediaonline casinosonline gambling
Previous Post

Top 5 Blockchain Stocks to Buy at the End of 2020

Next Post

Will Dogecoin Price Go Up? | Here Are Some Predictions for 2021

Hellen

Hellen

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

3 mistakes to avoid when exchanging your crypto assets

3 Mistakes To Avoid When Exchanging Your Crypto Assets

by Bogdan Cretu
July 13, 2022

Crypto has become one of the buzzwords in the modern era. Almost every day, you can hear news about the...

best crypto airdrops

List of the Best Crypto Airdrops for July 2022

by Aggrey A.
July 1, 2022

Another month is here, and crypto enthusiasts have another opportunity to claim themselves airdrops that are active in July. This...

Where to Buy Evergrow Coin

Where to Buy EverGrow Coin – A Complete Beginners Guide

by Aggrey A.
June 20, 2022

Where to buy EverGrow coin? the answer is here. There has been exponential growth in the cryptocurrency market, leading many...

How to Buy Elongate

Where and How to Buy Elongate – Beginners Guide

by Aggrey A.
June 9, 2022

How to buy Elongate, and where to buy this coin? The answer is right here. Elongate began its trading journey...

usd coin price prediction

USD Coin Price Prediction 2022: Market Analysis and Opinions

by Aggrey A.
May 9, 2022

USD coin was launched in 2018 as a product of Center Consortium and supported by Coinbase and Circle Internet Financial,...

JASMY price prediction

Jasmy Price Prediction 2022: Market Analysis and Opinions

by Aggrey A.
May 5, 2022

Every day things are coming online. It is not just computers and mobile phones anymore, making this Jasmy price a...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

How to Make the Right Decision before Investing in Crypto

How to Make the Right Decision Before Investing in Crypto

January 18, 2023
Decentralized Marketplace

What are Decentralized Marketplaces?

January 16, 2023
Cryptocurrency is Here to Stay

5 Reasons Why Cryptocurrency Is Here to Stay

January 11, 2023
Web3 Pets

Spotlight on Web3 Pets – Will 2023 Be Their Year?

January 10, 2023

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.