Are you feeling lucky? If so, you might be thinking about putting that luck to the test at a casino. Online casinos have become increasingly popular in recent years, and there are now dozens of options to choose from.
So, how do you decide which one is right for you?
Two prevalent options are traditional casino sites and crypto sites. Your choice here depends on whether you’d like to gamble with traditional currencies, or solely with cryptocurrencies.
We’ll compare these two types of casinos to help you narrow down your choice.
Comparing Crypto Casinos with Typical Casinos Sites
Let’s start with the main characteristic that both crypto and typical gambling websites share. They both offer players the chance to enjoy real money casino games.
They differ on the basis that, unlike casino sites, crypto, or blockchain casinos, are built on decentralized platforms and only accept payment in the form of cryptocurrencies.
These sites are also celebrated for the privacy they offer.
Internet casinos, on the other hand, accept a number of different payment methods. These range from traditional card payments, to e-Wallets, and yes, even cryptos. The latter doesn’t make them crypto sites, however.
Pros and Cons of Crypto Casinos
Like all technologies or platforms, crypto sites carry both advantages and disadvantages. We’ll break some of them down below.
One of the main allures of blockchain sites is the absolute privacy they offer. They aren’t licensed or regulated by any gambling body or financial organization. Furthermore, you won’t need to submit any KYC documentation or bank account details.
This means that your transactions are unlikely to be monitored at any stage of your internet gambling journey.
2. Instant Transactions
If you’ve ever played at an established casino site before, you’ll know that some payments or withdrawals can take a few days to be transferred. Blockchain casinos process transactions much faster.
In most cases, your winnings can be accessed instantly in your relevant crypto wallet. Also, these sites don’t have any middlemen, so you won’t have to pay transfer fees that are too high.
Gambling laws differ from country to country. This leaves many gambling websites inaccessible for players in certain regions.
Blockchain casinos needn’t worry about these regulations. That’s because playing with cryptocurrencies like Ethereum, Litecoin, or Bitcoin circumvents most of the regulations.
Many online gamblers are surprised to hear that it’s often the movement of money that is regulated in a region, not so much the act of internet gambling itself.
Crypto casinos can dodge this bullet since the exchange of values takes place on the blockchain, which is free from most of the same laws that govern traditional currencies.
Cryptocurrencies are notoriously volatile.
The price of these altcoins fluctuates because they’re directly influenced by supply and demand, media hype, and user behaviour. Combined, these factors work in unison to create volatility.
As you can imagine, blockchain sites are directly impacted by volatility. Players’ bankrolls may be severely affected, which doesn’t bode well if you’re trying to grow your funds.
Although cryptocurrencies are nothing new, blockchain sites haven’t been on the scene for long As a result, it’s easy to see why some players are hesitant to join crypto sites. New sites are constantly popping up in response to emerging altcoins, so it can be challenging to find reliable reviews that prove a site’s trustworthiness.
Pros and Cons of Casino Sites
Despite their longstanding presence in the gambling industry, casino websites still have some drawbacks. Personally, we believe that the positives outweigh the negatives, but you can check them out below and decide for yourself.
There’s a plethora of Canadian casinos online from which to choose, each of them vying for your attention.
These sites work hard to keep up with the competition, and thus go to great lengths to ensure that their reputations are squeaky clean.
You’ll have no problem finding tons of glowing reviews for all the best casino sites, which stands testament to their safety, security, and reliability.
Most gambling websites hold licenses from gambling bodies like the Malta Gaming Association, the Kahnawake Gaming Commission, or the UK Gambling Commission (UKGC).
Sites holding relevant licenses show that they are adhering to strict industry standards. In addition, you as a player will be able to raise any unresolved issues with the licenser should the need arise. Think of these licenses as a vote of confidence from the issuing regulators.
There are many more traditional casinos sites than blockchain sites. Not only will you be spoiled for choice when hunting for your next favourite site, but you’ll also have access to thousands of games. In addition, you’ll have the choice of making payments or withdrawals through various payment platforms.
1. Slower Payments
Gambling websites tend to use middlemen when paying out or receiving deposits. This can, in some cases, lengthen the time period that anxious-to-play players have to wait before hopping into their first game or withdrawing their winnings.
Payment periods differ from method to method. Usually, you’ll find information on the waiting times on the casino’s cashier or payment page.
2. Maximum and Minimum Limits
Most casinos websites have daily, weekly, or monthly limits on how much you can deposit and how much you can withdraw.
It goes without saying that these limits can be bothersome. Similarly, you may also be liable to pay fees on certain transfers.
If you’re looking for a provably safe, secure, and time-tested internet gambling option, established casino websites are your best bet. That is if you don’t mind waiting for your payments to reflect.
If you’re a crypto-savvy gambler with a desire for lightning-fast payouts and deposits and aren’t too concerned about fluctuating prices, blockchain sites may be your best bet.
No matter your decision, we advise you to gamble responsibly and have fun while doing so.