The digital era has completely changed how society functions on multiple levels. In the 21st century we’ve seen shifts in finance, computers, and even in the entertainment industry. In some ways, all of these markets are intertwined, especially in the realm of iGaming.
In the late 1990s, online casinos were first introduced to the public, but it wasn’t until the 2010s, that they truly took off. Around the same time, Satoshi Nakamoto’s concept of a digital, decentralized currency also managed to make waves. So, it was only a matter of time before the two came together.
Today, crypto and online gambling are often spoken of in the same breath. But, is there a good reason for this? Can players at christchurchcasino.com or other such gambling sites use crypto to make deposits and withdrawals online, and how? That is what we are going to cover in this article.
Cryptocurrency at Online Casinos
The one thing people always rush to ask is, if cryptocurrency can be used at online casinos. However, the question is flawed as it does not take into account that different gambling sites have different terms, policies, and ways of approaching payment options. In other words, it isn’t a simple yes or no question. That being said, we will try to answer as best we can.
In truth, cryptocurrency and internet-based gambling are quite intertwined. There are various websites that do, in fact, allow the use of crypto. On top of that, crypto-based deposits at online casinos are so popular, that many sites have even foregone using more traditional payment methods, in an attempt to draw as many crypto fans as possible.
That being said, there are still plenty of websites who don’t pay much attention to this new trading market. As popular as cryptocurrency has become, most players around the world are still prone to using credit and debit cards, or even wire transfers over the digital currency. This has nothing to do with crypto itself, but rather the lack of understanding surrounding the market.
Crypto Casinos Are Hot
We mentioned before that there are online casinos who’ve foregone the use of any payment method, other than cryptocurrency. These websites have come to lovingly be called crypto casinos, and they operate by accepting a wider pool of crypto than just the main five. You might even find players that gamble using memecoins at crypto casinos.
That being said, the popularity of crypto casinos has not reached the level of their FIAT money-based, online predecessors. There are two main reasons for this; one of them being that regular online casinos already deal with cryptocurrency. Most of these websites are regulated by a commission, which ensures that they are safe, and crypto-based gamblers already have an outlet.
This brings us to the other issue with crypto casinos. As most of them operate with decentralized currency, it is very difficult to regulate them. Some countries are discovering ways to do so, like the United Kingdom for example. But, most are stumped. So, the lack of any real regulation puts people off of crypto casinos.
