Crypto has grown from an unknown state to a trillion-dollar market in 2021. As a household name, it has ushered in many new products like crypto gambling, just like the traditional betting place lets you roll the dice and earn in cryptocurrencies.
The crypto gambling market is an over 59 billion dollar market that enjoys the advantages of crypto, as will be shown soon. If you are new to the crypto gambling world or having a hard time navigating the field, you will also learn about tips that can guide you through the process.
Advantages of Cryptocurrency
As you know, cryptocurrencies are digital assets or currencies that form a unique financial infrastructure. Cryptocurrencies have recorded many benefits that are especially crucial for the online gambling market. Some of the benefits are listed below:
Yes, all transactions and activities related to cryptocurrencies are decentralized and not controlled by anyone. When you use crypto, you are completely in charge of your funds and what to do with them.
One of the very highlights of cryptocurrencies is that information about your transactions, data, history, and funds are all encrypted through a very complex process. The crypto gambling industry benefits from this security feature as it ensures no one can access how you spend your money.
You want your transactions to be fast at every turn to get on with your day. Crypto assures you of very fast transactions because it does not need institutional approval like normal bank transfers and withdrawals. Since you have complete control of your digital assets, you can withdraw or deposit funds in a 24/7 timeframe.
Crypto betting platforms tend to have lower operational costs. Thus, they have low transaction fees and higher odds.
Though crypto betting is the new trend, you still need guidelines on getting a better experience and blending into the community; these guidelines will support you as you sojourn into the crypto betting space.
Tips for a Quality Experience With Crypto Gambling
Crypto is quite similar to banking, so the basics are simple and easy to understand. Here are a few tips to follow when you are ready to join the train.
● Get Your Crypto Wallet Address
If you walk to a bank and request to open an account, the steps will follow a process where you give them your details and get an account with the bank. The process is almost the same with crypto, except you do not walk into a bank and do not need to provide details.
For a start, just create a wallet address from a reputable wallet provider and you are good to go. Remember to keep the phrases in a safe place.
Each bank has a different account number, so each crypto coin has a unique wallet address. For instance, you cannot use the wallet address for Bitcoin to receive a Shiba coin.
The wallet address is like bank account details, and crypto gambling sites will need it to deposit your earnings.
● Buy Cryptocurrencies
Have you created your digital wallet address? The next step should be to buy tokens and send them to your wallet address – you can buy from friends or popular crypto exchanges like Binance, KuCoin, etc.
Once you buy digital currencies, you can send crypto to your friends or make deposits to play casino games.
● Choose the Best Crypto Betting Site
Finding the best crypto betting sites may sound overwhelming, but it is easy. You need to ask yourself some questions like:
● How long have they been in this business?
● What does the community say about them?
● Do they support a variety of games?
For instance, a quick study shows that 1xBit checks the three boxes. The crypto betting site has been operating since 2016. Reviews also show that they rank among the best crypto betting sites worldwide and support a wide range of games.
● Pick a Game and Play
Once you see your ideal website, you can start earning real money by picking games and playing them.
You need to find the games that show your skills and passion because if you love a game, you may stand a higher chance of winning. Soon before you can play games, you may need to fund your betting account. The process is simple, choose the crypto coin you want to deposit, then the crypto betting site will provide you with a wallet address to make payment.
You will have a better experience with crypto sites that support countless cryptocurrencies, like 1xBit, which has listed more cryptocurrencies (over 40) than any other crypto betting platform.
Why You Should Try 1xBit
On 1xBit, you get to enjoy instant payouts and zero transaction fees.
Apart from assuring you total anonymity, the website also ensures they do not collect much of your data, and all you need for full registration is an email address. There is a welcome bonus of up to 7 BTC for the first four deposits.
Top-notch game providers provide a variety of available games. As a member of 1xBit, you will witness an array of promotions, tournaments, and bonuses.
Cryptocurrency has come to stay; thus, it will be nice to use it and enjoy its benefits. One of those many benefits is crypto betting, where 1xBit excels.