Crypto Casino of the Month
With Crypto taking the world by storm, it was inevitable that crypto casinos would follow close behind!
If you have been in the crypto space for some time, you know crypto is here to stay. So why not start using crypto now as it is meant to be, a peer to peer currency without all the ridiculous red tape and crippling regulation.
Congrats to this month's winner - 7 Bit Casino!
Check out some of the other crypto friendly casinos below -
It is no secret that the governments don't like online casinos. It is an industry worth over $60 billion. But because it is online, that can mean if your citizens play online and the casino is hosted in another country, that money leaves your borders. Governments don't like that...
If you have used traditional online casinos before, you will know the biggest headache with them is going through the whole depositing process just to get rejected time and time again. This is because governments, especially the US, make it as hard as possible for you to deposit your money in to online casinos to for the reason just mentioned.
This is where crypto comes in. They call crypto "The People's Money" because we the people should be able to spend our hard earned money they way we want to. Not have the government control it and tell us where and when to spend it. Crypto allows 100% guaranteed deposit success so that we can play at the casino of our choice.
Are Crypto Casinos Illegal?
No, crypto gambling hasn't been deemed as legal or illegal yet. It is neither officially prohibited or allowed, therefore it is open to everyone.
Now, you do have some countries or states within the USA that deem online gambling illegal, however most suggest this as a grey area. Some countries also ban bitcoin altogether, however, these countries have rarely seen a drop in crypto adoption or participation (sometimes this spurs citizens to use crypto more).
It is difficult to regulate and control bitcoin because it is peer to peer technology. It is borderless and doesn't need a 3rd party (counter party) to transact. So even if crypto gambling does become illegal, it will be incredibly hard to enforce and control.
Anonymity
If privacy is a big concern for you, crypto casinos are a must. Whilst you don't have to go anonymous, crypto gives you the option to if you want to. In a world where privacy is becoming a scarce resource, this is almost a must in some people's eyes.
Faster and Cheaper
The average crypto casino doesn't need KYC and documents to proceed with deposits and withdrawals. Because crypto is fast, you can often sign up and play within minutes.
Not to mention, the fees for crypto transactions are getting cheaper and cheaper by the year. Crypto is simply a better way to do financial transactions, so why not use it as such.
Is it Safe?
Yes! Most crypto casinos operate within the same safety guidance as traditional online casinos, but they use the most secure payment network in the world (at least if you use Bitcoin). Not just that, if you have any payment disputes, you can refer to the public ledger to verify your transactions if need be.
Conclusion
Online casinos are here to stay. The world is going crazy with governments controlling your money to possible bank runs to seizing people's accounts. It's no wonder people are looking for a better alternative.
That alternative is crypto. With crypto taking the world by storm, online casinos have sprung up to take advantage of it. The benefits include anonymity, faster, cheaper, more privacy and more protection for your funds.
If you are tired of fighting the banks to deposit your own hard earned money where you want, try online crypto casinos. Try out a new crytpo casino - Lucky Tiger and receive a $50 Free Chip while you are at it!