It’s no secret that the gambling industry in America is in a bit of trouble. While poker and sports betting are highly regulated, the United States is the only country in the world that doesn’t have a wagering tax. We’ve also seen billions of dollars of funds have been lost to online casinos during the last decade.
Crypto gambling provides a new model for gambling to online players. Whereas traditional online casinos have a certain set of rules to prevent players from being scammed, crypto casinos are all about trust.
This has allowed the industry to gain its foothold as they share many similarities with the mainstream online gambling industry. However, there are many differences as well that lead to a new and exciting gambling experience.
Crypto gambling: A look back at the industry
Perhaps one of the most notable differences between crypto and traditional casinos is that you don’t have to deposit any money in order to play. It’s very easy to create an account and deposit the number of Bitcoin you want. When it comes to playing, crypto gambling sites offer a wide variety of gambling games including slots, roulette, and others.
These games have been implemented in many ways including being a computer game, an app on your phone, and a live casino. The best part is that you don’t need a special device to play any of them.
You can even play on your computer, but this option is relatively less common. Aside from the game itself, you’ll also have a lot of different features that help you take on the casino. These range from auto-play to the casino rewards that come with new players.
The biggest difference between traditional and crypto casinos is that they provide the player with a safe environment. Unlike traditional online casinos, the players are actually at the mercy of the casino.
Online casinos may get your deposit and hold it for a long time. During this time, they may have your money locked up with no way to get it back.
With crypto gambling, these problems don’t exist. The money deposited is safe until it’s time for the player to withdraw it.
How to deposit and withdraw in crypto
The simplest way to start playing with crypto is through an exchange. This is the most direct way for a player to get their hands on any Bitcoin. These exchanges are easy to use and most of them are available for both desktop and mobile.
This way, you’ll have a place where you can deposit and withdraw, but there are other options as well. These include crypto casinos that allow you to deposit through your regular bank account.
When it comes to withdrawal, there are two options available. The first is cryptocurrency. The second is fiat. For players that want to withdraw their winnings through fiat, the only way to do so is through an exchange.