The benefits of playing casino with real money and withdrawing in cryptocurrency

Blockchain is no longer news, but a technology whose value is beginning to be understood more and more. This shows an increase in the number of companies, organizations and ordinary people that are beginning to use it. Decentralized finance is not subject to sanctions and restrictions, allowing it to be used in business areas that are treated very differently by authorities in different countries, but remain in demand by people. Online gambling belongs to such spheres.

The gambling industry is banned in many countries which makes play at casino with real money not an easy task, since there are also people who prefer to play such games in their free time. Most of them are adequate adult citizens who want to have fun with their spare money.

Of course, there will always be such a contingent, which will madly direct everything to the game to the last, create problems for themselves and their loved ones, and along with this – to inculcate a negative attitude towards the gambling industry. As practice shows – no sanctions and bans will stop such people, subject to addiction. Even the opposite is much more positive result in the developed states where gambling is officially permitted and every person who saw the symptoms of gambling addiction may seek help.

Nevertheless, the realities of today are quite different. There are many countries, where the authorities officially struggle against gambling, while some officials making good money on shadow casinos.

The topic of this piece, however, is not a criticism of the decisions of government agencies, but ways to freely interact with gambling sites and games like Aristocrat pokies in casino. And one of such free interaction solutions are cryptos.

Advantages of withdrawing winnings from casinos in cryptocurrency

First of all, it is worth noting that it allows you to transfer money without the mediation of financial institutions. That is, the customer directly transfers funds to the executor, the buyer to the seller. This eliminates the high commissions and economic restrictions that can be established between countries at the official level.

And blockchain projects consider not only the free exchange of financial values, but also the transmission of data with a high degree of encryption, resources without censorship and other restrictions imposed in various territories of the planet.

In reality, restrictions and then controlling them is a waste of huge amounts of taxpayers’ money with no particular effect.

It is not only in the global economy that there are difficulties in transmitting values, in high technology there are also restrictions, censorship and data channels with low security. Therefore, blockchain technology has stepped beyond the financial sphere and headed to find a solution for convenient and accessible decentralized platforms. On the positive side, free from regulation and control, projects based on the new standards are starting to show results in a fairly short time. This includes applications in the sphere of gambling.

Cryptocurrency and bitcoin casinos

It is worth admitting that full-fledged regulation of cryptocasinos is still very far from perfect. But the transparency of transactions in blockchain networks allows to control the work of such sites independently.

On the one hand, it sounds cool – anyone can track each bet in the casino online, deposit and withdrawal, how much was received, how much was transferred as winnings and what was the income of the decentralized gambling resource. The difficulty lies elsewhere – in the comfort of the customer.

There will be a small number of amateurs who want to do all this studying of transactions. The gambler goes to place bets in the casino and does not want to bother with all the subtleties and moreover – with checking the fair play.

That is why now we need organizations and tools that will track, summarize, organize and analyze the flows of transparent data, showing the overall results to the casino players. Moreover, these should be independent participants, as in the case of resolving complaints through ADR.

Such authoritative representatives of the decentralized gambling industry are yet to be seen. But also this industry is only at the initial stage of its development.

If fully decentralized sites are still few, there are enough hybrid casinos, which work by the same standards, but have added to the ways to deposit a gambling account and withdraw winnings: bitcoin and the most popular cryptocurrencies.