Advantages and Disadvantages of Opening New Crypto Casinos
Starting something new, such as playing in a crypto casino is a gamble so several pros and cons should be considered.
Here are the pros:
According to studies, the increasing popularity of cryptocurrency leads to an increase in online gambling. The usage increased by 881% in 2020, bringing more users into the crypto world and, therefore, a higher demand for more online crypto casinos.
Because of the transparency and clarity of their sites, many gamers prefer crypto casinos more than the traditional ones.
Because a crypto-only casino welcomes new gamers, they provide attractive bonuses and incentives. Furthermore, some casino payout amounts can reach up to 99%.
Here are the cons:
In certain countries, cryptocurrency is still illegal.
Some gamers are still hesitant about using cryptocurrency as a novelty, and thus cannot join crypto casinos.
You can’t undo a transaction in a crypto casino. They are unable to track the payment back to you due to the anonymity of transactions.