Online casinos have been popular all over the world for many years, and every year their ratings are only growing. Outdated mechanisms and fraudulent schemes have long been discovered, and users are getting more and more chances for a fair game.

One of the current trends in recent years is the cryptocurrency casino, which offers users to place bets and collect winnings in digital currencies – bitcoins or other less popular ones. The decentralized blockchain technology with digital tokens provides the highest level of security when making transactions, and the user can always exchange his electronic money for the real currency of his country at the current rate.

Benefits of Tower.bet Cryptocurrency Casino

Cryptocurrency casinos are gaining popularity among users due to the presence of many undeniable advantages:

•         Digital money is always safer than cash.
•         The easiest way of transactions.
•         There is no need to pay large fees for converting funds into real currencies.
•         Cryptocurrencies are especially convenient for miners, who can always direct over funds to the game, which does not affect their real well-being in any way.

Cryptocurrency casinos like Tower.bet offer users a lot of attractive bonuses, namely, free spins, gifts when making certain deposits, and other preferences. Considering that the internal policy of each gambling platform can be individual, it is recommended to carefully study the rules and instructions before starting the game.

Crypto casino features

Combination systems have long been found in the gambling industry market when players can make payments and collect winnings in real and virtual currencies. Full-fledged crypto-currency casinos are much less common. It is not possible to play for dollars or euros here, since only bitcoins and other cryptocurrencies are accepted for payment and turnover.

To play with such gambling sites, the user needs to do the following steps:

•         Register an account at an online casino.
•         Provide verification data, including ID scan.
•         Create a wallet with cryptocurrencies on a third-party platform.
•         Top up this wallet with virtual money in exchange for any convertible currency.
•         Create a deposit in the gaming system.
•         Choose the game you are interested in.
•         Set a minimum bet.
•         Start the game and try your luck.

Upon receiving a win, the player’s deposit is replenished, and some cryptocurrency casinos also give users additional bonuses for large wins. The received money can be sent to the main wallet with cryptocurrencies, from where the money is withdrawn into real currency, or you can leave it on the casino’s virtual account to continue the game.

Why are more and more advanced users choosing cryptocurrency casinos?

It is cryptocurrency casinos that attract users from all over the world, as they have the following opportunities and prospects:

• Flexible taxation. Most often, turnovers with cryptocurrencies are not strictly controlled by various federal authorities, and the casinos themselves are registered in neutral economic territories where there is no taxation system.
• The minimal commission when withdrawing money after receiving a win in an online casino.
•  Availability of the game with minimum stakes. As a rule, cryptocurrency gambling platforms provide an extremely small initial deposit and bet per game, which significantly expands the circle of users.
• Withdrawals of money are subject to a minimum commission of 1% – 2%, while casinos playing for real currencies, to cover overhead costs, may impose a commission of up to 5%.
• Cryptocurrency casinos often use provably fair technology. This means the absolute transparency of any transaction. Users can easily check the previous games as well as the randomness of the lucky combination.
• Such treasuries don’t require a third-party audit to ensure their honesty, since each player can become a controlling inspector.
• The unique betting coding system eliminates the risk of operator intervention in the game, which significantly increases the chances of players getting a big win.

Many experts in the gambling industry claim that crypto-currency casinos are the ones to thrive. Beginners are also advised to study the reviews of a particular site since due to the popularity of online gambling platforms, a lot of scammers also appear on the market. Attackers often hide behind provably fair technologies, deceiving gullible users.

There is a lot of truth in these statements since cryptocurrency transactions themselves represent the future of technology, and the world is gradually moving away from cash in favor of digital transactions. It is much cheaper for the system to process and conduct virtual transfers than to guarantee winnings by having real dollars or euros on their accounts.

Last month, the price of bitcoin has risen again. This means only one thing – the inevitable growth of wallet holders with crypto-currency pools. People need to spend this virtual money, especially. if they are getting older every day, and the young population of the planet is getting richer in the network.

The second factor is the unstable economic situation in the world, which is especially relevant since 2009. More and more people prefer to keep their savings and profits in cryptocurrency wallets, which also contributes to the stabilization of living standards and increases the desire to raise capital through online gambling. Thus, the popularity of cryptocurrency casinos is determined by the inevitable growth in the demand of the population for them.