Cryptocurrency has come a long way since the creation of Bitcoin in 2009. Originally designed as a decentralized alternative to conventional currencies, the likes of Bitcoin and Ethereum are today used for all manner of transactions. One sector where cryptocurrency has experienced a significant upswing in popularity is the online gambling industry. A high degree of anonymity, instantaneous transactions, and decentralization courtesy of blockchain technology make it the perfect companion to online casinos.

Interested in turning away from traditional cash and exploring the perks of virtual currency for yourself? This list of best casinos by TopAsiaCasinos is a great way to get started. Need more convincing that crypto assets are a good fit for online gambling? Read on for some of the biggest benefits of this innovative payment method.

It’s Readily Available Internationally

E-wallets like PayPal were once considered a universal payment method. However, e-wallets aren’t accessible in certain regions, making them a no-go for millions looking to wager at online casinos. Fortunately, the decentralized nature of cryptocurrency makes it accessible to just about everyone. In fact, only a few countries across the world have placed an outright ban on cryptocurrencies.

Instant Transactions

Once you have created a digital wallet and have cryptocurrency stored in it, you can start making transactions with your assets. Although some payment methods are renowned for being quick when it comes to making deposits at online casinos, cryptocurrency outperforms them all. In most cases, crypto deposits will be transferred instantaneously. At most, you’ll only find yourself waiting a few minutes for a transaction to be confirmed. If you want to take advantage of a limited-time bonus offer that’s dependent on adding additional funds to your account, crypto assets are the obvious choice of currency.

No Costly Fees

Because cryptocurrencies aren’t attached to financial institutions, you don’t have to worry about your bank charging transaction fees. If you regularly make large deposits, this will save you a small fortune. When it comes to withdrawing winnings, it’s usually the casino operator itself that charges transaction fees. While you may still experience a minimal transaction fee for the privilege of claiming your winnings, most operators offer zero transaction fee perks to players wagering with crypto assets.

You’ll also make a saving on exchange rates. Because you’re not using a centralized currency, there’s nobody to decide how much you are paying to transfer your assets to an account with an operator based in a foreign country.

No Geographical Limitations

For many people, the obvious benefit of cryptocurrency is that you can use it to play from anywhere in the world. Those based in territories where online gambling is banned can get around restrictions by using crypto assets, rather than standard fiat currency.

If you want maximum security and complete anonymity when making transactions to online casinos, it’s time to embrace crypto as your currency of choice. In addition to lower fees and instantaneous transactions, cryptocurrency finally frees you up from the restrictions of centralized financial institutions. Currently, the number of online casinos that accept cryptocurrency is rather small. Furthermore, most operators that accept crypto payments generally limit transactions to Bitcoin. However, as the number of crypto casinos continues to rise, it’s almost certain that more digital currencies will become widely accepted.

Source: Plato Data Intelligence: PlatoData.io