Crypto-currencies, and more particularly Bitcoin, are constantly being talked about. A gold mine for some, safe haven or simple way to diversify its assets for others, the reasons are multiple, but the cryptocurrency is indeed there. It was therefore very logical that casinos get started sooner or later and take into account this now essential payment method for online gambling.
Its decentralized nature has made Bitcoin a huge hit with non GamStop casino players who are subject to all restrictions. Therefore, it was only a matter of time before casinos offering to play cryptocurrency began to multiply, and just like with regular casinos, the competition became fierce. Virtual currencies are also multiplying, so we will see which are the most frequently used and the most advantageous for online gambling, but also their limits and weak points. All the answers to questions about non GamStop casinos and cryptocurrency.
What is Cryptocurrency?
First, here’s a quick refresher on what cryptocurrency is. According to its name, it is a virtual and decentralized digital currency, based on blockchain technology. To date, there are more than 6,000 crypto-currencies in the world, the respective value of which varies regularly and is linked to the level of rarity of the product, as for precious metals.
This is also what largely explains the growing success of crypto-currencies in which more and more users see a safe haven, in the event of a collapse of traditional currencies.
Cryptocurrencies Available at Non GamStop Casinos
Bitcoin
The most popular crypto, whose historical rise had reached incredible records in 2017. Bitcoin provided an excellent introduction to cryptocurrencies, a safe option, whose value is almost guaranteed because of its value based on the fact not to exceed the threshold of 21 million units in circulation. Moreover, it is the most common cryptocurrency in non GamStop casinos.
Ethereum
It is the second most popular cryptocurrency (especially in casinos) after Bitcoin. With a capitalization of more than 37 billion euros in November 2020, Ethereum remains a safe bet. It also seems that security was reinforced after a cyberattack targeting Ethereum in 2016. Be careful however, this event also led to the creation of two separate blocks giving rise to the circulation of two currencies, ETH (official) and ETC (spin-off/derivative). So beware of the confusion.
Binance Coin
A little less known than the two currencies mentioned above, Binance coin nevertheless has several million active users worldwide and a trading volume of more than one billion dollars per day. Launched in 2017 in Hong Kong, the cryptocurrency platform is now valued at $100 billion. 100 million tokens have been put into circulation and as many have been removed in order to keep the currency rate at its highest. This is what the platform continues to do on a regular basis, ensuring a safe placement for its future users.
Ripple
Created in 2012, Ripple does not quite have the reputation of Bitcoin or Ethereum (it comes third) but is indeed present in a number of crypto casinos. According to the specialized press, this exchange system deserves a little more consideration because of its characteristics which rival the competition, which could indeed happen in the near future.
Litecoin
Litecoin or LT is a cryptocurrency created in 2012 and technically similar to Bitcoin, it also works with the same mining software as Bitcoin. Less popular than Bitcoin, Litecoin is nonetheless a safe bet whose capitalization in March 2021 reached 13.3 billion dollars.
Dogecoin
Created in 2013, Dogecoin, although capitalized at 60 million dollars, nevertheless remains more confidential and less widespread than its counterparts.
Electronic wallets for cryptocurrencies at the casino
CoinBase
CoinBase ranks among the best choices for a crypto wallet. It is also one of the most common and useful, allowing you to buy and store your coins in one place. Some choose cold wallets because of their security, but CoinBase is also positioning itself as a safe bet in this area. This is one of the best choices if you are dealing with virtual coins for the first time. CoinBase also offers a perfect portable app that has all the features accessible in a click.
Electrum
Electrum is an ideal crypto wallet for users of Crypto Casinos. Using two-factor verification and a simple approval system to give you control over your spending, while ensuring your tokens stay safe. Electrum is one of the most widely used crypto wallets to date.
Edge
For iOS customers, Edge turns out to be a completely amazing alternative. It is secure, private, user-friendly and decentralized, perfect for betting and collecting your casino game winnings. Edge is also versatile, being able to store a host of cryptocurrencies. Thanks to its many strengths and versatility, it is now positioned as one of the leading major crypto wallets.
Playing With Cryptocurrency at the Non GamStop Casinos – Pros & Cons
Cryptocurrencies have several practical and security advantages. First of all, building an e-wallet stocked with cryptocurrency is one thing, finding places to spend it is another. Thus, GamStop players find themselves with a tremendous opportunity to spend their crypto-like currencies. In addition, from both a security and a practical point of view, payment in crypto-currency makes it possible to maintain total anonymity and the protection of personal and banking data during a transaction but also during bets. And finally, from a strict security point of view, payments via cryptocurrency are secured using one of the most sophisticated encryption systems.
Advantages: Secure, an interesting exchange rate, anonymous, no bank charges on transactions at non GamStop casinos
Disadvantages: Less widespread and therefore more limited than classic currencies. Slightly longer time for processing transactions.
