Tag Archive: blockchain

When you make a deposit in a regular and reputable online licensed casino, you are willing to take a calculated risk that the casino in question will not run off with your funds. That's because the gaming license covers you for any bad behavior that might end up costing your bankroll. But an offshore crypto casino feels no such obligation towards their customers. You have no idea whether their games are fair or how seriously they take their financial responsibilities with your cash.

Bitcoin has certainly come a long way in a relatively short time frame. Today, many of the biggest online casinos accept Bitcoin as a valid payment option. However, there are some factors that make using Bitcoin for deposits and withdrawals a risky venture. With the cryptocurrency being anonymous, fraudsters can run riot simply because any users don't understand the serious security implications of using a crypto wallet. Also, Bitcoin is extremely volatile making it almost useless as a currency.

Today you'll find many true believers espousing the wonders of cryptocurrencies. And though many businesses, including the iGaming industry, have been quick to feature many of these new coins and tokens, we're not so convinced of their future. The main selling point of crypto users is that they are anonymous. ut in the real world, no one really wants total anonymity. Though the casino sites are perfectly happy to accept crypto from anyone, you will have to follow a strick KYC process.

Such is the intense competition to find and keep new customers, online casinos will offer all sorts of bonuses and incentives. One of these revolves around the speed by which you can retrieve your funds from your online casino account. Ideally, you should be looking for instant access to your funds. Yet, you'll still find that some online casinos are reluctant to speed up their banking services. For your own peace of mind, search out fast-payout online casinos.

Over the last couple of years, there's been a new internet fad surrounding the inception of NFTs. Maybe you've seen the bonkers prices being paid for so-called digital art. For example, the complete works of a digital artist, Beeple, have been sold for over $600 million! Now there are some believers who want to somehow incorporate NFTs into the world of online gambling. So with that in mind, we take a look at the possible uses for NFTs in online casinos as well as in online casino games.