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Can Crypto casino beat Hybrid casino

Personal_Finance / Gambling Sep 15, 2019 - 06:07 PM GMT

By: Sumeet_Manhas

Personal_Finance

The emergence and activation of blockchain technologies have revolutionized every industry of internet business. The online gambling industry is also benefited from the same. Although there are multiple advantages as well as disadvantages of the same, it needs to be left to the player's discretion to choose between crypto or hybrid casino. This article aims at allowing people to make informed decisions.


Anonymity

Every gambler appreciates anonymity and cryptocurrency makes it possible for them. Firstly, the storage where the coins (cold storage, desktop storage, web wallet, and so on) are held, doesn't need any personal data or binding to an identity.

Secondly, typically most of the bitcoin casinos do not require your documents to make the deposit or more importantly to make a withdrawal of the winning amount. Therefore, meaning that one can play casino without identity verification.

Variety of games

The range of games that the bitcoin and altcoin gambling offer is much more than hybrid gambling. Fans of classics can readily play such casino games such as roulette, blackjack, and slot games even in crypto casinos.

Also, to attract a broader user base, many bitcoin casinos offer new and uniquely designed games. This trend is gaining momentum with every going day. The blockchain technology is also leading to the development of online gambling.

No location on restriction

In some countries, for instance, the USA, China, Canada, UAE, and so on, online casinos are actually forbidden by law. However, several bitcoin casinos welcome players from across countries. Thus, with the laws of the residing state not counting much, the responsibility falls on the player to decide.

Some players also use VPN to get access to the crypto casinos still having geographical restrictions. However, such actions are not at all advisable.

Speed

Cryptocurrency transactions are fast, and most of the time, even instantaneous. For instance, a withdrawal via bank transfer using conventional payment techniques often takes 3-5 business days. A wallet transaction also takes a few hours to complete on good days. It can also go up to three days at the maximum.

All this time, the players are out into a dilemma if the transaction will follow. With these newer casino payment methods, transactions can happen in the wink of an eye.

Payment

Though there are many advantages of crypto casinos over hybrid ones, the technology has also brought certain disadvantages along with it. Mostly, the cryptocurrency casinos do not even possess a proper license. So, if you want to use a popular payment method, you will be required to have a gambling license.

Also, cyber-attacks become a considerable threat. Therefore, if your account gets hacked, one will never know where the money went. Though these cases are rare, owing to the weak cyber laws, the risk still persists.

The blockchain technology allows us to convert the computing power of our device into money. Then later, this money can be used for payment. Several cryptocurrency casinos today have secured top ranks at reputable watchdog portals. This is being seen as an excellent sign for the industry. This trend also signifies that the players' trust in crypto casinos is witnessing a rising trend.

By Sumeet Manhas

© 2019 Copyright Sumeet Manhas - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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