Crypto is becoming the world’s preferred currency pretty fast. Online traders are encouraging its use and this is no different for online casinos. The elite casinos are giving people the option to gamble using crypto instead of fiat money.
The most popular cryptocurrencies are Bitcoin, Ethereum, and Litecoin among others. Speaking of which, Here, we’ve looked at some of the reasons why crypto is becoming more popular among casinos in India.
It is very secure to use
One of the biggest reasons why crypto is becoming popular in India is due to its popularity. Transactions from the online crypto wallets to your betting account are safer. This is mainly because online crypto is heavily encrypted to protect its owners’ information.
They use blockchain technology to add an extra layer of security, which complements the already existent security measures in place by the company or site. This prevents third parties from accessing this sensitive information.
Doubled up privacy
It is common knowledge that crypto companies are very careful about the privacy of their clients. It is mainly because if this information is leaked, the customers could be exposed in different ways, including the money being stolen and blackmail.
As such is the case, casinos, betting companies, and sites have all increased privacy and security measures. This creates more privacy so that only they and the clients can access the transaction history.
This is more secure and private than the use of flat money we are used to using because it always requires a phone number or account number to transact from. If the information is leaked, it makes it easier for the bad guys to use and steal information and money.
Since the use of crypto in betting and online gambling is still a new concept, companies are trying to find ways to make customers use it more. The best way to do it is to give them more for their worth.
Increased frequent bonuses are the perfect example of implementing the plan. Companies and sites are offering increased bonuses when users deposit and use crypto to place bets and gamble.
Some bonuses are even specific to the type of crypto you use. There are bonuses for Ethereum, Bitcoin. In many cases, the best Litecoin casinos in India, as seen on gambleonline.co also accept other altcoins. As such, casinos aren’t so strict about which coin you use. You have a range of options.
How to deposit and withdraw crypto in online casinos
Not all online casinos offer crypto as an option of payment, but soon enough, they all will. For the ones that offer it, there are tabs for depositing and withdrawing crypto.
For depositing, go to your account section and choose deposit using crypto, and specify which one. You will then enter the amount you wish to deposit, in Indian rupees. The amount will be automatically converted to your crypto of choice.
After that, open your crypto wallet and you will get a key. Insert the key into the payment field to confirm the transaction. This is done for security purposes. The payment will be confirmed and you can start playing.
After playing and winning, you can withdraw your winnings in an easy process. First, head to the banking or account section. Then insert any details required by the casinos, and enter the amount you wish to withdraw.
The withdrawal should enter your account once the casino has approved your transactions. A big advantage is that most, if not all casinos, have no limit as to how much you can withdraw.
Common games played using crypto
One of the main reasons why crypto has become popular in Indian casinos is because it is used in the most popular games. First, poker. This is the most played game in any casino, and introducing crypto as a form of payment for buying chips has just attracted more customers.
Slots can also be played using crypto, especially bitcoin in most casinos in India. The other popular game or category that allows the use of crypto is betting.
It has to be noted that some games do not have the option to use crypto, but it is just a few. Also, nothing is different while playing the games, just the form of payment, and the probable bonuses depending on the casino.
What features does a good Indian crypto casino have?
A reputable license is a sign that a client can trust the casino. It is a requirement for any casino, more so ones that offer crypto as a form of payment. It is not just a feature, but a requirement that guarantees customers that the platform will honor payments and privacy policies.
This ensures that fair matches and games are posted on the casinos to give customers a fair chance of winning. The fairness certification is to ensure that cryptocurrency users are not scammed or cheated. This can happen by stacking odds against players using crypto so that their chances of winning are low. This certification prevents this from happening.
Variety of games
Of course, casinos have many different types of games, but it is the variety of games that can be played using crypto in question here. For maximum enjoyment and utilization of your crypto, the casino has to offer a wide variety of games under crypto. This way, if you do not have luck in one game, you can switch to another and win.
Terms and conditions on bonuses
The best casinos have well-laid out terms and conditions on how to earn bonuses and how they are awarded, depending on what crypto you are using. Once you read and understand the conditions, then you can be fully aware of how you will maximize your bonuses using your cryptocurrency of choice.
Crypto is gaining popularity daily and will soon be the most used currency, especially in gambling and betting. It is better to find the best Indian casinos that offer the use of your preferred crypto, whether bitcoin or Ethereum. Maximizing the profits on bonuses now before everyone starts using crypto can be fun.