The use of cryptocurrency is on the rise, no more so than in the online gambling industry. In fact, online casinos and sportsbooks have been one of the leading forces behind the acceptance of cryptocurrency as a payment method. Read on as we explain more about the role of crypto in online gambling and how you can use bonus codes at crypto gambling sites.
What are Crypto Gambling Sites?
Crypto gambling sites work in a comparable way to regular gambling sites but they accept cryptocurrency as a form of payment. You will find all the same games at a crypto casino, including slots, table games, card games, real dealer games, and game shows. Most crypto casinos will ask you to create an account but there are some that allow you to deposit and play games without registering. Deposits work in the same way as regular gambling sites and the most common options include Bitcoin, Ethereum, Dogecoin, Tether, and Litecoin.
Some crypto gambling sites will transfer the currency into the fiat currency of your country, such as USD, GBP, or EUR. This makes it easier when placing a stake on a game because staking cryptocurrencies can be challenging, especially as the value can fluctuate a lot. In terms of the games at crypto casinos, you will find many of the same providers as regular casinos, with NetEnt, Evolution, and Pragmatic Play being three good examples.
Bonus Codes at Crypto Gambling Sites
Bonus codes at crypto gambling sites work in much the same way they do at standard online casinos. Take the BC Game bonus code as an example, all you must do is use the bonus code during registration to qualify for a no deposit bonus. At the time of writing, the no deposit bonus at BC Game Casino is one free lucky spin on the slots that could land you up to 1BTC. That is just one of the promotions available at BC Game Casino and you take advantage of them all when joining using the bonus code.
You can follow the same process for all crypto gambling sites that have a promo code field in their registration form. Copy the bonus code, paste it into the bonus code field, complete the remaining sections of the registration form, and sign up to the crypto casino or sportsbook. No deposit crypto bonus codes are the best ones to use because you do not have to use any of your own funds and it is a wonderful way to try out a new crypto gambling site before you decide if you want to make a deposit.
Benefits of Using Crypto Gambling Sites
The bonuses are one of the major benefits of using crypto gambling sites. However, there are many other reasons to use crypto gambling sites, with enhanced security being of them. As crypto gambling sites are based on the blockchain, which is a decentralized ledger that cannot be edited, it makes it almost impossible for anyone to tamper with the data.
There is no need to add credit card or bank details to a crypto gambling site account as crypto payments do not require that information when making a deposit. If your bank details are never added to the gambling site, it is impossible for cyber criminals to gain access to that information. For those who value their privacy, crypto gambling sites are a smart choice because you can use them without having to add any personal information.
Another benefit of using crypto gambling sites is the speed and cost of transactions when making deposits and withdrawals. Some traditional online casinos have lengthy transaction times, especially when it comes to making withdrawals. That is not the case when using crypto gambling sites and withdrawals usually take only a few minutes, with some happening in seconds.
The reason transactions are faster and cheaper when using cryptocurrency to gamble online is because there are no intermediaries involved in the process. The transaction is between the gambling site and your crypto wallet, there is no bank or payment processor involved.
Conclusion
Using bonus codes at crypto gambling sites is easy and can lead to some fantastic rewards. In addition to bonus codes, there are many other benefits of using crypto gambling sites, including transparency, security, privacy, and speedy transactions.