Cryptocurrencies are still getting popular. Despite certain falls in their value, it seems that more people are interested in using Bitcoin and other similar types of digital money for online transactions. Needless to say, online casino operators immediately saw an opportunity to offer a safe, secure, and convenient deposit and withdrawal method for their customers.
Cryptos have it all — or at least that’s how they are marketed by many businesses, including online casinos. However, they are not perfect and still come with a couple of downsides that we’re going to explore in this article. Read on!
Advantages of Using Cryptocurrencies
The main advantage of using cryptos is that they are safe and secure. Being based on decentralized technology, there’s no way for a cyberattacker to penetrate and tamper with your transactions.
Moreover, cryptocurrencies have low fees. Simply put, there are no intermediaries making transactions happen so that nobody will charge you for their service. However, you still have to keep the network running, meaning there are small transaction fees.
Finally, cryptocurrency transactions are fast. The most you’ll have to wait is up to 30 minutes if you make a Bitcoin deposit or withdrawal, and that’s only when the trading volume is high. Other than that, transactions are processed almost instantly, meaning you’ll be able to play USA online blackjack in no time.
Disadvantages of Using Cryptocurrencies
As previously stated, cryptocurrencies also have some disadvantages. The most important one is that cryptos are very volatile. It means that their prices change pretty often. For example, the price of a single Bitcoin unit increased by tens of thousands of dollars in just a few weeks. However, it can also drop by several thousand dollars in a matter of days. It means that you can, for example, deposit 1 BTC, which was worth $40,000, and then when you withdraw 1 BTC, it could be worth $30,000 if the price decreased in the meantime.
Essentially, you must be willing to make a double bet when playing with cryptocurrencies.
No matter which payment method you select, it’s essential that you first pick a reputable and high-quality online casino that offers blackjack. Therefore, make sure to check out our list of USA blackjack reviews. We covered some of the most popular online gambling platforms and their blackjack options. Moreover, we also listed available payment methods for them. Some casinos on our list also accept cryptocurrencies.
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