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A Quick Guide to New-Generation Cryptocurrency Casinos

The first online gambling websites were established in the 90’s, when the internet went mainstream and found its way into homes all over the world. The birth of the online gambling industry led to the mushrooming of a whole new sector with branches in banking, law, investment and user-experience design. Likewise, the nature of online gambling has changed with the onset of new innovations like blockchain technologies. New cryptocurrency casinosare now commonplace – what started with Bitcoin has grown to include other neo-currencies like Ethereum, Litecoin and Ripple.

Casinos of the Digital Age

New online Bitcoin casinos are significantly different to traditional gambling sites. Unlike their traditional counterparts, new online Bitcoin casinosaccept cryptocurrency for both deposits and withdrawals. In most cases, these casinos accept both regular and cryptocurrencies. Players who don’t own cryptocurrency can use services like Neteller to exchange their currencies before gambling online. Think of these services like twenty-first century ATM’s – casinos, like other retail establishments are becoming cashless. For a number of reasons, these online destinations are becoming increasingly popular.

Advantages of Cryptocurrency Casinos

New online slots casinos allow players who win money, to transfer their funds directly into their electronic wallets where they can be used to buy other cryptocurrencies or converted into cash, free of any affiliation to an official banking institution. Furthermore, these new online slots casinos offer a higher level of security. Players who use Bitcoin and the like, can choose to remain anonymous. Also, because of the foundational technology, players feel that their funds are more secure and less prone to fraud, theft and hacking. Cryptocurrencies are an innovation of the digital age. As technology evolves, so too will the way that casinos operate.

Innovative Incentives Have Made the Industry More Accessible

Gambling institutions have also evolved over time, to make the industry more accessible. For example, new online casinos offer a no deposit bonus. This means that players essentially get free credit to begin playing, without having to deposit any of their own money. In the past, online gambling sites made deposits mandatory, but many have found it beneficial to offer an incentive, especially one that introduces new players to the online gambling world without requiring any initial outlay. Another customer acquisition strategy that new casinos offer is a signup bonus. For example, some online gambling destinations offer a 200% match bonus which means that if a player deposits $200, the establishment will deposit an additional $400 into the player’s electronic wallet which they can spend at the casino.