Crypto has grown in leaps and bounds since Bitcoin boomed onto the scene back in 2009. From being used as a virtual wallet in certain retailers, to trading and playing in online casinos, the use of crypto is now as versatile as your trusty VISA card – but it wasn’t always the way.
As Bitcoin wasn’t recognized as legal tender by countries across the globe until the early 2020s, it has taken a while for smaller countries to follow suit. In 2020, the Supreme Court of India finally lifted the cryptocurrency ban, which was originally imposed by the Reserve Bank of India.
Since 2020, India has been one of the biggest adopters of crypto because of it being a secure method of payment - and it’s an unregulated option that allows transactions to be made entirely in the virtual world.
Although there are plenty of options to choose from in the crypto landscape, most of us are familiar with the very popular ones that have enjoyed the most press - particularly Bitcoin, Ethereum, and Dogecoin. We’re going to break down everything you need to know if you are looking to get dabbling in the crypto gaming space, and cover why Bitcoin has skyrocketed into an undisputed form of digital gold.
The term crypto refers to virtual currencies, many of which depend upon blockchain technology for their functionality. Unlike traditional currencies like the rupee or dollar, cryptos are usually decentralized, meaning that they are not governed or controlled by a central authority or bank.
All the various cryptocurrencies that have catapulted onto the scene since 2009 offer various advantages, one of them being the ability to make payments no matter where you are in the world.
They are secure transactions that use cryptography for the transfer of assets (yes, that sounds complicated, but stick with us). Crypto is generally considered a transparent and secure way to deal with finances, which is why a lot of gaming and gambling players dabble in crypto; it is considered a particularly secure form of payment.
There are tons of options out there for players looking to give this new approach a whirl - why not check out Joe Fortune Bitcoin Casino, for example, where you can use Bitcoins to play a whole host of different games and try your luck on the tables, the slots, or against the live dealer?
As stated, cryptocurrency offers a diverse selection of benefits that both gamers and online casino players are jumping to use. To start with, many cryptocurrencies offer fast and secure transactions, and remove the need for you to load personal details onto an online platform.
If you are ever worried about sharing personal information or card details, then crypto cuts out this issue, making your gameplay safe and secure. With crypto, you are also streamlining your online gameplay as the funds are added to the account immediately, and you can withdraw your winnings straight away.
If you use more traditional forms of payment, you will sometimes have to wait for your winnings to be released via your debited payment method and the central banks - whereas crypto is often faster and more secure.
Cryptocurrency, specifically Bitcoin, is also a far cheaper alternative in many cases! The fees are lower compared to alternative payment methods, which could save you large amounts in the long run.
Along with this, a lot of online gaming and gambling platforms offer up Bitcoin rewards and crypto deals when you connect your virtual wallet – so it’s a win-win for everyone!
The number of games and sites that now offer crypto options has skyrocketed. Depending on the casino you choose, you’ll probably find a plethora of games on offer, ranging from blackjack, and baccarat, to slots and poker – there are thousands to choose from, and many ways to win big and have fun.
And the gaming world doesn’t stop there. If you want to venture into more skilled-based games, then you could get involved in crypto trading games, where you can test out the potential of trading cryptocurrencies but in a simulated world.
This cuts out the risk usually associated with trading, and gives you a chance to have fun in a safe environment.
Looking for something similar to video games or puzzles? Crypto can be used for this too. Use your problem-solving skills in puzzle games to win crypto bonuses, or use the in-app functions available within many video games to exchange skins for Bitcoin.
No matter whether the online casino is your haven or you like old-fashioned video games– crypto has cemented itself as a form of currency, and it comes with plenty of benefits. It’s only going to get bigger and better. Watch your crypto wallet rise in worth as you explore the crypto gaming verse – because trust us, you won’t regret it.