Decentralized Casinos

You don’t necessarily have to fulfill the KYC requirements at decentralized casinos, most of the dApps casinos let you gamble freely and anonymously.

The major reason behind that involves end-to-end encryption due to the fact that blockchain transactions have to be verified and logged securely. Therefore, you don’t have to worry about exposing your identity to the government and banks.

With decentralized casinos, you can play from anywhere in the world (preferably from somewhere where online crypto gambling is allowed and legal) while being anonymous. You can choose avatars and nicknames that suit your profiles and have fun!

Normal online casinos have lengthy waiting periods before completing withdrawals, but with cryptocurrencies, you can enjoy near-instant or same-day withdrawals!

Traditional online casinos require users to wait longer than necessary due to the nature of the banking transactions that take a considerable amount of time to log, register, and process transfer requests.

Then, the overall transfer procedure involves passing countless checks and criteria causing people who use bank wire transfers to experience a serious delay in their activities.

This mainly affects gamblers who love depositing and withdrawing at a moment’s notice. Since online gambling is about fun and earning rewards, it makes sense to offer instant withdrawal services. While that is not available with traditional casinos, you can benefit from it with decentralized ones.

Decentralized casinos involve blockchain transactions and crypto coin transfers that occur in a virtual environment, which makes transferring  the coin ownership efficient.

You can easily copy-paste the address of your preferred crypto wallet to the decentralized casino and procede with instant withdrawals. Worst case scenario, the withdrawal will take a few hours, but it is nearly always completed on the same day.

In decentralized casinos, crypto coins are the standard payment option, therefore, most of them will support major crypto coins such as Dogecoin, Litecoin, Bitcoin, Tronix, and Ethereum.

Considering that crypto coins are the blood flow of decentralized casinos, it is important to have various options at hand. For example, you can not imagine an online ecommerce store offering retail services around the world but accepting only one form of payment. It would be damaging to the image and overall objective of the ecommerce store while affecting the needs and requirements of consumers.

The same applies to crypto casinos for blockchain gambling in a decentralized structure.

Decentralized casinos come in varieties, therefore, you will seldom find a decentralized casino that accepts only one cryptocurrency as a form of payment. Most decentralized casinos let you deposit and withdraw funds via a range of top cryptocurrencies.

Some of the cryptocurrencies allowed on decentralized casinos include:

• Bitcoin
• Ethereum
• Ripple
• Monero
• Solana
• Dogecoin
• Litecoin
• XRP
• Tether
• Polkadot

Players will no longer be at the mercy of the house in terms of fair play. They can use special keys and instructions to view the results of nearly all fair games to make sure there is zero cheating or fraud.

By avoiding fraud and cheating risks, you can gamble under even better circumstances. Decentralized casinos allow all users to view the backend processes which are safe and secure so that hackers and scammers will not have a high success rate.

When you are gambling on decentralized casinos, you will have full access to view all processes, allowing you to learn how the outcomes were calculated. Hence, it will make you feel confident and may encourage you to pursue this form of entertainment, resulting in more rewards.

Fair play is a common guideline for land-based and online casinos, however, fair play is usually just a lip-service since many casinos wish for the house to win. With decentralized casinos, you can rely on fair play guidelines and processes.

Online gambling is not legal in every country. Some banks do not yet endorse online gambling, especially those that involve traditional processes. However, the use of decentralized casinos hides the transaction details and maintains the anonymity of gamblers.

Punters/players around the world can freely gamble with as many funds as they wish since Bitcoin transactions are anonymous. Plus, the decentralized nature of blockchain yields the absence of a central authority, additionally players do not have to wait for a bank’s approval to make  transfers.