An online casino is a platform where you can easily enjoy games anytime on the Internet. I think there are many people who have done it once because it is popular recently. Online casinos accept not only Japanese yen, but virtual currency as well. Virtual currency is electronic data that functions like currency and is exchanged only on the Internet. El Salvador is famous for making fiat currency virtual currency.

Such virtual currency can also be used in online casinos, and there are many benefits. For example, anonymity, safety, low fees, speed of settlement, etc. Because of these benefits, more and more people are enjoying virtual currency casinos.

Types and features of virtual currencies that can be used at online casinos

So, what are online casino virtual currencies? Here are some popular virtual currencies that are often used in online casinos.

Bitcoin

Bitcoin is the virtual currency that most online casinos accept. I’m sure everyone has heard of it at least once. It is known as the crypto asset (virtual currency) with the highest market capitalization in the world. It has a long history and is a virtual currency created by Satoshi Nakamoto in 2009. If you want to use virtual currency at an online casino, you definitely need to have bitcoin.

Ethereum

Ethereum is as famous as Bitcoin. So, almost all online casinos that accept bitcoins also support Ethereum, so if you want to play online casino Ethereum, it’s okay, but if you don’t know what to do with online casinos, we recommend a casino that supports Ethereum ! >> Let’s do a quick research on KAJINO. There are many big casinos. Well, the history is shorter than Bitcoin, but since it is a virtual currency developed in 2015, it has already passed 8 years as of 2023. It is also available at popular online casinos.

Other virtual currencies

Besides Bitcoin and Ethereum, there are many cryptocurrency casinos. For example, Ripple, Litecoin, Dogecoin, Tether, etc. So, even those who currently own virtual currencies other than Bitcoin and Ethereum are OK. To be frank, it may not be compatible with virtual currencies that are not known any more, so it is a good idea to check once if you can use the virtual currency you own.

Advantages of using virtual currency at online casinos

What are the benefits of using a virtual currency casino? If you know this, you may not be able to deposit with a credit card. There are so many benefits to using virtual currency.

privacy

Privacy is getting stricter these days, so I think there are many people who are concerned about information being leaked. However, if you pay with virtual currency, your personal information will never be disclosed to the online casino. Players do not need to enter personal information, only the address of the virtual currency wallet and the desired amount of remittance.

For those who feel a little uneasy about entering personal information in online casinos, using virtual currency is very convenient because you can deposit / withdraw at online casinos without worrying about privacy. In the first place, virtual currency itself is highly anonymous. Also, some virtual currency online casinos do not require any personal information, and some can be registered anonymously with just an email address and password. The advent of virtual currency has raised the level of privacy protection to a degree that was unthinkable just a short time ago.

Enhanced security

When you make a withdrawal at an online casino, you will be required to enter the credit card information used to make the deposit. It’s a human check, so I don’t think it can be said that there are no mistakes 100%.

But for virtual currency online casinos, you don’t need to enter your personal information, just enter your wallet address and amount compared to other deposit methods. Therefore, you can see that the security is higher than the deposit / withdrawal method so far.

Instant deposit/withdrawal

If you have ever used an online casino, you will know that it takes from tens of minutes to 3 days at the earliest after applying for a withdrawal. You can’t wait three days when you’re feeling better and want to spend money right away because you won at gambling. However, in the case of virtual currency, it will be reflected immediately! No matter how slow it is, the withdrawal will be completed in 2-3 minutes. Payment is also reflected immediately, just remit the desired amount to the sending address. When you want to play right away, if it takes a few hours, the heat will cool down.

Transparency and security measures

I think you know that virtual currency online casinos can be used, but I think there are many people who actually think that they will be cheated at online casinos. For example, the results of games may be manipulated, or personal information may be leaked. Sho.

transparency

The online casino industry issues licenses to companies operating online gambling in countries such as the United Kingdom, Malta, Gibraltar and Curacao. National authorities issue licenses that comply with local and international gambling standards, so if the online casino you want to play at is licensed, then you can rest assured that you can play. would be nice too.

On the other hand, online companies that have not acquired a license may be able to deposit but not withdraw, and there may be problems with fairness, so be careful. Fairness is RNG (random number generator). It is not possible for a licensed online casino to say “I was cheated and lost”. Play with confidence.

Security

Since virtual currency uses a technology called blockchain, it is difficult to cheat in the first place. Or rather, you can’t cheat. This is because all transaction histories and contents are encrypted.

I introduced the benefits of using virtual currency earlier, but when you deposit and withdraw with virtual currency, you do not need to enter personal information in the first place because you will use the address and key to make a transaction. In other words, when playing online casinos using virtual currency, there is no need to tell the online casino side any personal information or bank account information.

Player change

Even those who had high hurdles to play at online casinos have changed completely with the advent of virtual currency. This is because the security issues during deposits and withdrawals and the problems with deposits and withdrawals speed were greatly improved.

International license proves the fairness of the game

As I mentioned earlier, licensed online casinos cannot cheat. Getting an international license is not as easy as you might think. To be frank, it is about to be “international”, so the minimum requirement is that the online casino is operated without deceiving players, after being reviewed by various institutions, including the state.

Naturally, licenses cannot be obtained for online casinos that are suspected of being fraudulent or operating companies that have caused problems in the past. Also, even once licensed, online casinos are subject to regular, unannounced inspections by a third-party organization, so if any problem such as fraudulent activity is found, the license will be revoked.

Fairness with RNG

In the case of licensed online casinos, random number generators (RNG) are used, and the reason is to avoid disadvantages for players.

instant withdrawal

In the case of virtual currency, it is possible to withdraw immediately, so you can withdraw as soon as you think it took time to withdraw using a credit card or bank account. You want to withdraw your hard-earned money as soon as possible.

Summary

What did you think? We will summarize the advantages, fairness, security, etc. of using virtual currency in online casinos.

• Deposits and withdrawals reflected immediately

Deposits and withdrawals using virtual currency are reflected immediately, so you can start playing stress-free and cash out your winnings immediately.

• high fairness

Fairness is guaranteed because we are licensed by the government. Also, since online casinos use RNG, it cannot be manipulated illegally from the online casino side.

• Security

When you use virtual currency to withdraw from an online casino, you do not have to enter your personal information, so security is guaranteed.

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