The development of the gambling industry directly depends on different factors. It goes without saying that right now it has been influenced by cryptocurrencies. There are dozens of online casinos, which accept Bitcoin, LTC, or other digital coins instead of usual currencies.
Nonetheless, will Crypto casinos become more popular than traditional gambling platforms by 2025? Get acquainted with the opinion by Arivoli Rublorees in order to discover an answer to this question.
Benefits of New Crypto Casinos
The truth is that the majority of gamblers don’t know the difference between usual online casinos, and the ones that accept only cryptocurrencies. However, there are people, who are sure that gambling platforms, which use digital coins, will be more popular than the traditional ones due to the number of benefits.
No transaction fees
In case you play at an ordinary online casino, probably, you’ve already faced transaction fees. It doesn’t matter what banking option you use, you still have to pay them. However, you can avoid such an unpleasant situation in case you decide to start playing at a Crypto casino.
These platforms aren’t regulated by any payment services or banking institutions. That’s the reason why their transactions are free or, at least, cheaper. This significant benefit attracts more and more fans of online gambling.
Guarantee of anonymity
If a person wants to ensure their anonymity, Crypto casinos can easily meet this requirement. As a rule, they don’t need any private information about the gambler. You will be just asked to provide the ID of your wallet created for digital coins. Consider that it doesn’t include any personal data. It means that you’ll be able to play, deposit your account, and withdraw winnings without revealing any information.
It’s not a secret that traditional online casinos set many limits. For example, they may not accept gamblers from various countries. At the same time, the resident of any state is able to use Bitcoin as well as other digital currencies. It means that they may get access to the Crypto casino even in case the gambling activity is restricted in their country.
These services provide their clients with possibilities to withdraw the winnings regardless of their current location. Considering this fact, Crypto casinos are the only way for thousands of people to enjoy gambling activities online without fear to be banned.
More attractive bonuses
Of course, online casinos provide their clients with pleasant rewards. However, usually, they don’t exceed several hundred dollars in addition to a certain number of free spins.
If the players want to get more, they start playing at Crypto casinos, which offers the possibility to receive such popular cryptocurrencies as BTC or LTC. Obviously, these rewards are more valuable for any gambler.
Variety of gambling games
Right now, Crypto casinos offer an impressive variety of gambling games including all traditional attractions. You’ll be impressed to find out your favorite types of Roulette, Poker, slots, etc. Moreover, the great news is that almost each of them can boast of impressively high RTPs. Take into account that some games offer Return to Player rates that are equal to 99%.
Further, any player has the possibility to check out the results of each gambling session with the help of the Provably Fair system. Of course, it still has some issues that need a solution. Still, right now the usage of this system is another impressive strong side of casinos that use digital coins.
Benefits of Traditional Casinos
Although Crypto gambling websites have a number of significant advantages, traditional online casinos also can boast of some significant benefits. Thanks to them, these services still stand a good chance to compete with their direct opponents.
Licenses and certificates
In case you manage to find a reputable online casino, you can be sure that the official gambling bodies including the UKGC or MGA will protect your rights. However, first, make sure that the chosen casino is approved by the mentioned organizations.
Besides, these websites may be also tested by independent agencies such as iTech Labs or eCOGRA. If you see that they have provided an online casino with their certifications, you can be sure that it doesn’t use pirated games. In addition, it means that the platform has a top-quality and reliable security system.
Right now, traditional casinos have more clients. First of all, there are many gamblers that don’t know how to create their wallets for digital coins. Some of them opt for more traditional banking methods.
According to the statistics, Crypto casinos are expected to grow only by 11.5% by 2025. It means that traditional online gambling websites will still be popular with gamblers.
What to Expect in the Future?
The experts believe that cryptocurrencies will become an integral part of online gambling in the nearest future, resulting in the development of new Crypto casinos. Nevertheless, although blockchain gambling websites have significant advantages and rising popularity, it’s not a reason to dismiss traditional platforms. Consider that the majority of them have already started accepting popular cryptocurrencies as a possible accepting method.
What is more, these casinos have a lot of money and resources necessary for successful advertising campaigns. And, of course, the most popular ones have a positive reputation and years of successful history. These factors can significantly contribute to the further development of traditional online casinos.
It’s difficult to predict whether the crypto gambling services will become more popular than the traditional ones due to the unreliable situation in the crypto market. However, it goes without saying that more and more online casinos will be accepting cryptocurrencies as possible banking methods. Nonetheless, these websites won’t be providing their clients with benefits similar to the ones that Crypto casinos offer.