The financial world has learned about the existence of cryptocurrency relatively recently. Due to its prospects, it is very popular among private investors, but also among representatives of large businesses.
Cryptocurrency is money that exists only in the virtual world, it can only be used in the digital space. Some of its main features include:
- The currency is used all over the world, there is no clear attachment to a bank or country.
- It is created by people through mining.
- You can buy or sell such currency on a special exchange, and store it in cryptocurrencies.
- The only way to transfer such virtual money to another person is through a transaction.
The money can be used for earning, making payments or shopping online.
Cryptocurrency is a great way to store your savings. Of course, it cannot fully replace dollars or stocks, but it is quite possible to create a secret rainy-day account with it. With the help of such virtual money it is quite possible to make an active profit, most often crypto fluctuations are used for this purpose.
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Using Cryptocurrency in Virtual Casinos
Cryptocurrency or bitcoins are actively used as payment in almost all online casinos. Some casinos use bitcoins on a level with other currencies, while others switch exclusively to them.
All manipulations with bitcoins and other cryptocurrencies are conducted with blockchain technology, which is characterized by a high level of encryption security. Every transfer or transaction is entered into a code block, it never changes, and all transfers are verified using a block chain network that is decentralized.
The transfer is made directly between two e-wallets, which firstly minimizes the risk of fraud, because no third party is involved, and secondly, there is no need to pay a fee for the transfer.
Young people who are well versed in modern technology most often use cryptocurrency as a bet for online casinos.
Advantages of Casino with Cryptocurrency
Operators and players really like to participate in online casino games that use bitcoins for the following reasons:
- high level of security;
- complete transparency of bets and transfers;
- anonymity of players and operators;
- the high speed of transfers;
- the decentralization of transactions.
The cryptocurrency is supported by a decentralized registry, which contains data on all transfers while a specific currency is supported by a specific state. The transaction registry is located on the platform and has many copies. The advantages of such storage are as follows:
| Convenience | Any person who has access to the network can make a transaction. |
| Integrity | It is impossible to fake the history of crypto use. |
| Protection | Anonymity of players and transfers is provided by the blockchain, which records only the address of the electronic wallet during the transfer |
Such decentralization is perfectly accepted by players because such storage is transparent and safe.
Of course, it cannot guarantee complete anonymity, but such players need to provide less personal information when making a transaction than when using other funds.
Sometimes players confuse the concepts of cryptocurrency and blockchain. Bitcoin is based on blockchain, but the latter can also be used for other purposes. Gaming platforms very often use blockchain to prove the integrity of the game. It is what helps prove to the gamer that the algorithm was used honestly during the game, there was no tampering in the gameplay and the result is honest.
Every gamer should be sure that the size of the bet does not have much influence on the outcome of the game. First of all, the use of blockchain shows that the gamer’s interests and transparency of the casino game come first. It is the presence of such games on an online platform, which helps to attract potential gamers, who use crypto for betting.
In addition, the use of blockchain can significantly increase the speed of the withdrawal of winnings, because in this case there is no need to wait until the bank or other structure will process the data and give permission for the transaction. Bitcoin makes a direct transfer from the casino account to an electronic wallet specified by the gamer. The whole procedure takes no more than an hour, and no commission is charged.
FairGo Casino – the Best Online Gaming Platform in Australia
FairGo, the best casino online in Australia, was opened in 2022. The main advantage of this online casino can be considered the fact that it is possible to pay for the game and withdraw funds by using bitcoins. In addition, there is round-the-clock gamer support and a bonus program for newcomers and regular customers.
Bonuses are a great way to try out any game and get used to it, as well as increase your winnings this way, so when choosing a casino, you should pay special attention to the welcome bonus.
To get certain bonuses there is no need to pay, but still have to meet certain requirements, they are not complicated in Fair Go.
To start the game, you need to complete the registration process at the casino and fund your account in the way listed on the website. You can use bitcoins, crypto or traditional dollars.
The most important features of any casino are its games. This casino can offer the gamer more than a hundred of the most diverse games, including slots, card games, and much more.
Slots games are extremely popular among gamers, it’s easy to play them and the betting system is also simple. Most of the slots can be tested for free, using the demo version. But in case you win in a free game, you cannot withdraw the profit.
Table games are also quite common and therefore popular among gamers. Bonuses and VIP programs are also available to participate in them. You can play a table game with another person or a dealer. At Fair Go, the player can choose from a variety of classic table games: poker, BlackJack, roulette, and baccarat are just a few of them. This casino works great on any device, including cell phones. There is no need to use any additional software to run it successfully, a regular browser will be enough.
