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Gambling with cryptocurrency at licensed and regulated iGaming sites like online casinos, bingo and lottery sites, dedicated poker sites, and online bookmakers (aka online sportsbooks or online bookmakers) is now more popular than ever as more trusted operators start accepting cryptocurrencies and blockchain payments as a viable deposit and withdrawal method.
Here is a closer look at the rise of cryptocurrency-accepting online casinos and its market implications in Canada.
What are the market implications in Canada with the rise of crypto casinos?
There are many positive market implications in Canada with the rise of online casinos that accept one or more legitimate cryptocurrencies, such as Bitcoin (BTC), Bitcoin Cash (BCH), DogeCoin (DOGE), Tether (USDT), Ripple (XRP), Litecoin (LTC) and Ethereum (ETH), to name a few.
Crypto-accepting casino sites have attracted a new type of player who prefers not to use traditional payment methods such as credit & debit cards, bank transfers, prepaid cards, or eWallets and fiat currency at real money gambling sites.
These players can now deposit into their accounts at some of the world’s most trusted iGaming sites using blockchain technology and their favourite cryptocurrency.
It has seen a sharp rise in the number of new players signing up to licensed and regulated crypto-accepting online casinos and has opened up huge new sources of revenue for Canada’s Provincial, Municipal, and Federal governments. In other words, the rise of crypto casinos has helped fuel economic growth.
The increasing value and acceptance of today’s biggest cryptocurrencies have made crypto-accepting gambling sites more appealing than ever.
What are the benefits of playing at crypto casinos?
There are many notable benefits of playing at fully licensed and regulated online casinos that accept one or more cryptocurrencies, such as the official crypto casino 10bet. Some of the most notable benefits include the following:
- Faster and more efficient deposits and withdrawals
- Enhanced security, privacy, and anonymity with higher levels of encryption to prevent data breaches and other fraudulent activities
- Lower (usually zero) transaction fees when using cryptocurrency
- No interference from third parties
- Provably fair games
- Access to thousands of games from the industry’s market-leading providers
- Global accessibility from multiple devices, platforms, and web browsers
- Investment and future growth
- Transparency and decentralization
- Social benefits – crypto casinos help foster a sense of community, thanks to tournaments and interactive chat features in live games
With enhanced security, quicker and more efficient transactions, better accessibility, access to thousands of the world’s best games, online casino tournaments, bonuses & promotions, and provably fair games, there’s no wonder crypto casinos are on the rise.
Sites like 10bet.com offer a unique and thrilling online gambling experience in Canada and beyond. They are free to sign up to, and the registration process generally only takes around a minute to complete.
How do I know the games can be trusted at crypto casinos?
When playing at crypto casinos that are licensed by top-tier licensing authorities with games from well-established, multi-award-winning online casino software providers and game development studios, you can count on the games to produce fair and realistic results with above-average RTP% payout rates.
Just like the casino operator has been put through a strict vetting process before being issued with a license by the Isle of Man Gambling Supervision Commission, for example, the companies that supply the games to the casinos are also thoroughly vetted before being issued with a license to supply games to online casinos.
In other words, you can only trust the games to produce fair and realistic outcomes at world-class online casinos with games from market-leading providers, and only at sites that are controlled by reputable operators.
The games and systems are frequently tested for fairness by one or more non-profit, independent, and internationally accredited online casino testing agencies to ensure integrity. Some of the major companies that supply games to 10Bet in 2023 are the following:
- Big Time Gaming (BTG)
- Blueprint Gaming
- Hacksaw Gaming
- Iron Dog Studio
- Microgaming/Games Global
- Play’n GO
- Pragmatic Play
- Red Tiger Gaming
- Thunderkick
They also have hundreds of popular online casino games from various other notable providers, such as Skywind Group, Push Gaming, PG Soft, OneTouch, and Avatar UX. These companies supply computer-generated online slots, table & card games, and crash games.
This world-class casino site also has over 80 cutting-edge live dealer casino games from Betgames.TV, Evolution Gaming, and Pragmatic Play, with new games arriving regularly throughout the year.
Final thoughts
Over the coming years, the online gambling industry will continue to grow because of the sharp rise in casinos that will continue to start accepting cryptocurrencies. Thanks to sites like this, there are many advantages for both players and operators.
Crypto casinos, don’t forget, also tend to accept a variety of traditional online payment methods (e.g., credit & debit cards, eWallets, prepaid cards, and bank transfers) and fiat currencies, not just cryptocurrencies, meaning they cater to all types of online gamblers.
They will remain an appealing choice for players because of their accessibility, convenience, fast transaction processing times, lower fees, and enhanced security, which all lead to a more transparent, safer, and enjoyable real money gambling experience from a desktop computer, laptop, smartphone, or tablet device.
