Definition of Crypto Casino
What does the term "crypto casino" mean in the world of gambling? What is meant by the term "crypto casino"?
A "crypto casino" is a casino that has cryptocurrencies fully integrated into its deposit/withdrawal options.
In the "good old days", online casinos would rely on funding methods such as credit cards, bank wires, etc.
This could cause a big issue, as banks would be the intermediary for all of these transactions.
If they decided that they didn't want to process gambling transactions (even if online gambling wasn't against the law), their customers would be out of luck.Cryptocurrencies fixes all of that, and there is no longer a need for an intermediary when it comes to funding or withdrawing from an account.
Crypto casinos usually offer a standard mix of cryptocurrency funding and withdrawal options, including the big ones such as Bitcoin and Ethereum, as well as other such as Dogecoin.
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Crypto casinos are able to process deposits and withdrawals in a near-instantaneous manner, and their costs are much lower, which translates to better benefits for customers.
In the past, funding an online casino account could take days, and credit card processors would usually charge the casino an arm and a leg.
Now, with cryptocurrencies, that problem has been solved, as players can quickly move money off and onto sites.
