Analysis & Opinions

Could Cryptocurrency Casinos be a Realistic Form of Income for You?

The history of cryptocurrencies isn’t extensive, but is established enough for millions of people around the world to grasp what it is. Cryptocurrency is not a fad or trend, but rather a real means of earning money, serving as investments without being tied to country-specific financial problems, and does not depend on rigid institutional policies.

The creation of a new economy, an alternative to the existing one, is dependent on the entrepreneurial spirit of people and their faith in technology. With this new technology, you can formulate the future of your own finances by your own efforts. Two decades into the 21st century, and so much has been digitized in the spheres of our lives that the public’s investment into cryptocurrencies was just a matter of time. And of course, realizing this early-on allows anyone to seize these digital opportunities and make a profit, with the right knowledge and know-how.

For those with a busy schedule, a non-conventional method can be used to earn capital: cryptocurrency casinos. There are three compelling points that draw users to give them a try. The first is the overall appeal of a casino, familiarly witnessed in books and films that motivates the mind and inspires vivid emotions to win a battle for profits. The second is an absence of the need to travel. Trips to Vegas or Monte Carlo are more enjoyable outside of COVID times, but if you can save time and earn money from the comfort of your couch today, why not explore the pros and cons? In general, being able to save time is a key attribute that attracts the savvier players. You could spend weeks, months, or years mining your cryptocurrency of choice, or you can also increase your fortune much faster – and in this regard, cryptocurrency casinos provide ideal opportunities.

The third, but not least factor is the ability to work with cutting edge technology to ensure that your winnings and identity are protected. Cyber fraudsters are rife on the internet, increasing their presence with each passing year. But in the case of cryptocurrency casinos, the security systems are far more advanced which means you don’t have to worry about losing your winnings to theft. 

Additionally, the collective public perception of cryptocurrency casinos has come a long way in recent years – and rightly so. Many online cryptocurrency casinos are owned and operated by reputable companies with solid track records, who have chosen to license their betting sites with the relevant authorities, offering customers legal recourse in case of a dispute, but also a peace of mind that the operation is above board.

What do we mean when we talk about security in cryptocurrency casinos? First of all, blockchain technology enables the anonymity of transactions, which occur between the operator (cryptocurrency casino) and the player, without third parties, banks, or governments. Each time a player places a bet at a cryptocurrency casino, no information is revealed to outsiders.

With most modern banks, transfers take several hours or even days; but in the case of cryptocurrency payments, there is no very little wait time in transactions. An important advantage of this is also the absence of commissions to intermediaries – players receive their winnings without reductions.

At the same time, cryptocurrency casinos serve the global market, which means they are protected from currency conversions that can end up costing players a portion of their winnings. The global market presents an opportunity to test yourself in games against a wider pool, and make new acquaintances. 

Contrary to betting with ordinary bookmakers, players don’t have to undergo the unnecessary scrutiny about their previous gambling activities when joining cryptocurrency casinos. Situations where banks track transactions to and from bookmakers have become more common. However, traditional online casinos also track customer activities, sometimes overly vigilantly. In the case of cryptocurrency casinos, these situations are avoided by default.

Another positive is the possibility of placing smaller bets. For example, one Bitcoin can be divided into a million parts, which means that you can play with micro stakes. The player does not have to risk large sums while he or she builds experience and gets used to the games. The process of playing becomes significantly relaxed and conducive to developing a greater enjoyment of the game.

It is important to understand that the term “Bitcoin casino” is often used as a synonym for cryptocurrency casinos. However, Bitcoin, although the most popular cryptocurrency among players, is not the only option for investment. 

Cryptocurrency casinos deserve special attention because they allow their customers to interact with several cryptocurrencies. Diversified distribution of funds is a conscious choice of millions of people in dozens of countries in the world in real life, so why not embrace it in the virtual life?

Gradually, cryptocurrencies are becoming more popular at the state level as well. For example, the government of Malta announced their objective to foster a favorable climate for new technologies. In the meantime, here are some tips you can consider to choose the right cryptocurrency casino platform for your circumstance.

The areas to look for in cryptocurrency casinos are:

  • Gaming licenses
  • Guarantee of the fairness of games (i.e mathematically proven fairness)
  • Diverse range of cryptocurrencies available to players
  • Variety of methods for depositing and withdrawing funds
  • Developed system of bonuses and promotions, for example, a first deposit bonus
  • Loyalty program for regular casino customers
  • Variety of games available
  • Low minimum deposit requirements
  • Availability of a functional mobile version of the website and / or mobile casino application
  • Speed of transactions for input and withdrawal of funds
  • Simple and intuitive casino interface
  • Presence of various language versions of the casino, which indicates the real scope of the betting site
  • 24/7 customer support

If we talk about platforms that fulfill all the qualities mentioned above, then it’s worth highlighting 1xBit as a place to begin. Founded in 2017, this innovative casino quickly gained popularity among players. This is in no small part due to the fact that the platform developers made use of the experience of 1xBet, one of the world’s leading bookmakers.

Not surprisingly, 1xBit offers not only classic games like poker or roulette, but other popular forms of online entertainment, as well as sports betting and wagering in other areas. This attracts not only those who believe in their own luck but also those who are used to relying on their own knowledge of football, tennis and other sports. Also available to players are useful tools such as the “Bet Constructor, ” which allows users the ability to create unique bets on an event – a breakthrough innovation, even by the high standards of modern cryptocurrency online casinos.

The currencies the bets are available on 1xBit are Bitcoin, Monero, Dash, Litecoin, Ethereum – more than two dozen of the world’s leading cryptocurrencies. The bonuses are plentiful –  in addition to the bonus for deposits up to 7 BTC, a one hundred percent bet insurance can be applied. 
Other casinos like BitStarz, FairSpin and BetChain deserve a mention. However, each player should independently and carefully research which site will be suitable for them to have fun and earn money on. Betting in cryptocurrency casinos is a future that has already arrived, so it’s time to get used to it, and join the world of online betting!

Try 1xBit now!

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This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. 

The views and opinions expressed in this article are the author’s own and do not necessarily reflect those of CoinMarketCap.

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