It’s no secret that Bitcoin is the most popular of all cryptocurrencies, with a value exceeding $6,000 USD per coin, but what you may not know is that it has also seen an impressive surge in value this year and with so many people jumping on the crypto bandwagon, how can you stay ahead of the curve and make money off crypto?
What are the benefits of gambling with crypto?
One of the most appealing aspects of crypto gambling is that it’s anonymous but you don’t have to worry about your personal information being compromised as you would on a traditional casino site plus you can also avoid international transaction fees by using crypto, and if you win, there are no taxes.
If you’re looking for long-term success and stability, then investing in cryptocurrencies could be an excellent choice, the value fluctuates significantly, so you need to maintain a strong portfolio to hedge against volatility, of course, it’s possible to gamble with crypto and make money at the same time.
How to Properly Gamble with Crypto
Crypto gambling is growing in popularity, but there are many things you need to know before you forgo real money for virtual coins and the process is fairly simple: find a casino with a crypto-friendly interface, deposit your digital currency of choice, and start playing.
- Here’s what you need to keep in mind when playing at a crypto casino
1st The conversion rates between currencies change constantly and if it has spiked in value over the past week or so and you want to convert your winnings, make sure you do it right away or the conversion will not be as favorable.
2nd It’s important to remember that crypto casinos will typically have higher withdrawal fees than traditional online gambling sites because they don’t always offer traditional bank transfers, know what you’re getting into beforehand.
3rd If the idea of dealing with a new currency makes you uncomfortable, there are other options available! You can use an exchange platform to easily convert bitcoins into US dollars or Euros however, these platforms generally charge transaction fees so make sure to factor them in.
The Future of Cryptocurrency Gambling
Cryptocurrency gambling is a new and exciting frontier for Bitcoin enthusiasts. It also poses risks, as the price of Bitcoin has been known to fluctuate drastically in recent weeks, but if you’re confident that cryptocurrencies are the future of currency, then crypto gambling is the perfect way to get involved.
There’s no denying that the cryptocurrency market will continue to grow in popularity in 2017 and beyond and if you’re interested in wagering with crypto and want to get ahead of the curve, now is a good time.