Did you know that next year the world’s first-ever cryptocurrency, Bitcoin, will be celebrating its 10th anniversary? Most people have heard of Bitcoin, even those who don’t necessarily gamble online and it has become a means of universally buying services as well as products, especially online – click this lnk. Turns out, cryptocurrencies are a perfect decentralised currency for online slots with many advantages for players, so it’s worth considering using Bitcoin and other cryptocurrencies – but first, let’s get to grips with the facts around cryptocurrency.
What is a cryptocurrency?
Bitcoin was first used over a decade ago which might be surprising to a lot of people, back in 2008 in Japan. Bitcoin is essentially digital money which is protected by innovative cryptographic technology and exists only virtually, for example, you don’t get physical Bitcoin coins or physical Bitcoin banknotes that are tangible in your hands. It can be used just like other currencies to buy goods or services simply by downloading the Bitcoin application from an official site or by utilising resources like Blockchain for example.
What is the benefit of cryptocurrency?
Cryptocurrency like Bitcoin in gambling gives players total anonymity for their transaction and a wide variety of online casinos who accept cryptocurrency offer their players better bonuses when they deposit and play with cryptocurrency. You can also play whenever and more importantly wherever you want to, even in countries where gambling is banned because the Bitcoin purse is protected from national authorities meaning they can’t block or freeze the cryptocurrency. Another advantage of using cryptocurrency while playing slots is that you will be able to withdraw your winnings quicker so that you have full control of your funds without having to wait around for their winnings to appear in their accounts and transactions are completed within minutes and aren’t subject to any transaction fees.
In a nutshell, using cryptocurrency is faster, simpler and essentially safer to use!
What is the best cryptocurrency to use?
You don’t need to limit yourself to only using Bitcoin, there are many different cryptocurrencies out there to use for online slots, here are a few you might want to consider using:
- Ethereum – an established cryptocurrency which, like Bitcoin has a convenient wallet as well as an extremely secure platform which means it is ideal for online casino play.
- Litecoin – created back in 2011, Litecoin was one of the first alternative cryptocurrencies to Bitcoin and it’s almost as popular, being used on the majority of online casinos.
- Monero – known for its innovative platform and high-security, this is a perfect cryptocurrency for gamblers.
Advice from an expert:
Bitcoin and other trusted cryptocurrencies are simply the best way to play slots online because it’s cheap, fast and in an era of fears over data sharing – your privacy is kept secure.
Of course, it’s entirely up to you whether you wish to go with the trend of using cryptocurrencies to play with on online slots and it’s forecasted by global trends that in the not so distant future cryptocurrencies like Bitcoin could very easily replace other currencies for online gambling.