Trends in crypto casinos: What is driving the adoption?
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Cryptoc casinos are the latest trend in the casino industry. They are built on the blockchain technology. The main advantages of these casinos is anonymity. In 2013, 5% of the total bitcoin transaction in June was going through SatoshiDice. Traditional casinos have been gradually adapting and evolving into crypto casinos. Hybrid crypto casino allows players to wager using both Bitcoin and fiat currencies. It is the most popular form of crypto gambling. In this article, we discuss the trend with crypto Casinos and crypto Gambling Sites.
Anonymity is one of the main advantages of crypto casinos. Conventional online casinos require a lot of personal information and transaction details linked to financial institutions. Crypto casinos need little to no personal info and financial details of funding before players can access the available games.
Less regulation is the main reason behind the rise of crypto casinos. The current regulations limit the international financial activities of some countries.
Using traditional currency to fund an online casino account is cumbersome and error-prone. With the help of blockchain technology on crypto casinos, fees are meager and the transaction can be done almost instantaneously.
Crypto casino sites are built on blockchain technology and end-to-end SSL encryption. Most licensed crypto casinos are audited by an independent authorized third party to ensure that games are fair and players are not being cheated.
Most crypto casinos offer flexibility through a wide range of supported cryptocurrencies. Some even allow crypto trading. Most crypto casino platforms offer more diverse games and sports betting than traditional casinos.
The global casino market currently stands for over $70 billion. There are estimated 5 million crypto gamblers daily and more than 150 crypto casino businesses launching yearly. CryptoMode produces high quality content for cryptocurrency companies. It is not investment or financial advice.
