Cryptocurrency payments processed across highly encrypted blockchain networks are now more common than ever as more trusted eCommerce and iGaming website operators continue to accept this reliable online payment solution.
Although I tend to use digital wallets or my Visa debit card for purchasing goods and services online or when topping up my online casino account and cashing out my winnings, I have started using legitimate cryptocurrencies like Ethereum (ETH) more often.
Since using Ethereum, I have found several clear benefits that I feel everyone else should know about, especially those of you who are considering using this method at the virtual checkout.
I’m confident that using crypto more and more has improved my online security, ensured my payments remain anonymous, and saves me money…nonw of which will never be a downside! There’s also…
What Are The Major Benefits Of Using Cryptocurrencies Such As Ethereum At Today’s Most Trusted Sites?
Ethereum is now the world’s second most valuable crypto asset based on its market capitalization, which is currently valued at around $425 billion.
In comparison, Bitcoin (BTC) is currently valued at around $1.3 trillion (as of April 2024). I’ve invested in both, and I feel that ETH could, one day, easily overtake BTC’s value to become the new number-one crypto.
All of the benefits of using the ETH stem from the super sophisticated decentralised blockchain network over which payments are processed, which is as complicated as it sounds – but, it’s here to stay, so take notes.
When it comes to using this method on legally permitted sites where you can play online fruit machines, roulette, blackjack, video poker, baccarat, and baccarat, to name a few hit titles, here are some of the most significant benefits I have noticed as a frequenter:
●Lower transaction fees (quite often, zero fees attached). If there is a fee applied to your crypto transaction, I’ve found that it’s hardly anything worth worrying about compared to the fees that traditional payment processing companies add to their transactions
●Decentralised payments and complete anonymity – thanks to the decentralized nature of blockchain technology, ETH payments safeguard the true essence of online freedom. No central governments of banking institutions have authority over blockchain currency and Ethereum payments, meaning they can’t keep track of each payment I make
●Faster transactions – deposits, and withdrawals with Ethereum and other cryptocurrencies are much faster than most other traditional online payment methods’ transaction processing times
●Accessibility – more players than ever can play their favorite content thanks to ETH. By typing in phrases like ‘ best minimum deposit casinos UK’ into trusted search engines such as Google, globally renowned review sites like NewCasinos.com are suggested, which have the latest info about today’s best sites
●Enhanced privacy – when using ETH to deposit or withdraw, you don’t need to supply any personal information like your name, email address, phone number, or any banking information, such as your credit or debit card details
●Enhanced security – ETH payments across a highly encrypted blockchain network are far more secure than the networks typically used by other traditional payment solutions, including credit & debit cards, prepaid cards, bank transfers, and digital wallets (aka web wallets or eWallets)
●Provably fair content – many crypto-accepting sites today have a range of provably fair titles, commonly referred to as crypto crash or crypto fruity machines. What makes these ones different from regular-computer-generated titles is that the players can independently verify the outcomes/results in provably fair titles to check for true randomness. This technology helps foster a sense of trust in the industry
Are There Any Other Benefits Of Using Crypto Like Ethereum On These Same Sites?
Yes. ETH to deposit and withdraw instead of any other payment methods gives me access to thousands of fruits, live dealers, and other classic favorites from a growing list of multi-award-winning software providers, so much so that I really don’t notice any need to return to my ‘old ways’ of paying through centralized systems.
I prefer sampling my favorite titles using my smartphone and Google Chrome web browser, but you can also enjoy playing your favorites from almost any other modern Wi-Fi/internet-connected smartphone (iOS, Android, Windows, etc.).
Crypto sites, their products and services can also be accessed from your tablet device, desktop computer or laptop and from most other top-performing web browsers, including Firefox, Edge, Internet Explorer, Safar, Vivaldi, and Opera, to name a few.
People using ETH also open themselves to a world of lucrative promotional offers, bonuses, and many social benefits.
For example, in many of the latest titles, you can find in-play chat rooms where you can communicate with others, even the live dealers, in real-time by leaving them a message in the interactive chat feature.
The most important thing I cannot stress enough is to gamble responsibly at whichever site you decide to join. In other words, where possible, take advantage of any ‘safer gambling tools’ your operator provides for you. They can usually be found in the ‘My Account’ area when logged in.
Cryptocurrencies like Ethereum are becoming more legitimate, widely adopted, secure, convenient, and reliable by the day. Over the coming years, I wouldn’t be surprised if there comes a time when it’s hard to find a website that doesn’t accept crypto payments.
The ones that don’t accept cryptocurrency could end up getting left behind.
