Cryptocurrency gambling fans have new opportunities to find great bets and offers thanks to the launch of the new portal, Gamble.io. The specialist site aims to offer everything needed to gamble with a range of cryptocurrencies, including Ethereum, Monero, Dash or Litecoin. Customers can use the site to read expertly written casino and betting site reviews, the latest news on cryptocurrency gambling, and where to find the best deposit bonuses or free spins offers.
The site has been developed to cater for growing interest in cryptocurrencies, and the advantages of gambling with them. A recent study estimates that there are up to three million regular cryptocurrency users, mostly using Bitcoin, and the market for casinos which accept non-traditional payments has grown alongside the number of users.
Cryptocurrency Portal – Making A Profit
The betting offers available via Gamble.io are a combination of the growing number of Bitcoin-only casinos and sportsbooks, as well as long-standing betting sites and casinos that have added cryptocurrencies as options for payments and withdrawals. The site’s regular updates will include lists of the latest casino bonuses, the best Bitcoin-accepting slot sites and other gaming opportunities like lotteries, poker, and blackjack.
A spokesperson for Gamble.io explained, “We have done previously quite a lot of cooperation with traditional gambling companies like Leo Vegas. Cryptocurrency gambling offers gamblers great and easy prices, alongside the freedom to access games and winnings quickly and easily – wherever they are. Therefore, we decided to move into cryptocurrencies.”
The benefit of using cryptocurrencies is that blockchain (the management system behind Bitcoin) eliminates the need for customers to share their details with traditional banking outlets. Instead, they can make deposits, and withdrawals, directly from a cryptocurrency electronic wallet. This cuts waiting time for payments and allows users to move and receive their money almost instantly.
At the same time, gambling using a cryptocurrency allows gamblers to send and receive money to online casinos with freedom and anonymity. This could be useful for gamblers that travel regularly and may be moving in and out of areas with different levels of gambling regulation.
The final benefit for customers is that, unlike regular currencies, cryptocurrencies come with much lower transaction fees. This means Bitcoin-only casinos can offer better odds and house edges than traditional venues and outlets while still protecting their profits. There are also often higher sign-up bonuses when you deposit with non-traditional currencies because it costs much less for sites to process these payments.
Depositing, playing in and cashing out in Bitcoin means bettors will not need to send identity verification documents to the gambling site. However, they will need to organize an electronic wallet for their funds and purchase their currency via an exchange.
If you are interested in even more cryptocurrency-related articles and information from us here at Bit Rebels then we have a lot to choose from.