Tag Archive for: crypto

Why cryptocurrency betting websites will become more popular

People who still go to land-based casinos and betting shops know that they have to use cash when they want to bet. Fortunately, most online gamblinmg operators allow their clients to use all sorts of payment alternatives. Most websites provide as many e-wallets as possible because those things are trendy among punters.


Although Skrill and PayPal will continue to be the preferred option for many users, cryptocurrencies are slowly becoming the preferred alternative for many people. Most digital currencies offer fast transactions and are also safe to use, which is extremely important in online betting.


Due to their characteristics, many gambling websites have started to add them to their payment sections. In fact, silentbet has its own chart with betting sites accepting Bitcoin and other cryptos, so if this is something you are interested in, make sure to check it out. Every betting website has different sections, cool promotions, and features.


With that being said, here are some of the reasons why the so-called “cryptocurrency betting websites” will continue to become more prevalent in the future.


More and more people are using cryptocurrencies on a daily basis


Bitcoin is the most popular digital currency globally, and as you probably know, it began its existence back in 2009. You can read loads of information about it, but Bitcoin’s main goal was to substitute the fiat currencies that we use in our everyday life.


Judging by what’s happening today, things are not going as planned because most people see this cryptocurrency as an investment rather than an alternative to the US dollar, Euro, and so on. 


However, we expect things to change in the future because there are thousands of different digital currencies that we can choose from. Sooner or later, people will realize that those things can be used for other things besides investing/speculating, such as online betting.


Online casinos and bookmakers will promote the usage of cryptocurrencies


Although there are some exceptions, some betting websites that you will come across after reviewing Silentbet’s chart promote the usage of cryptocurrency. Some of them do that by providing their customers with different bonuses, access to special events, and even the chance to play unique casino games.


Interestingly, you can come across several crypto-only betting platforms where you can’t use any other payment option. Those sites weren’t that popular a few years ago, but since Ethereum, Bitcoin, and other cryptos are becoming more common in some countries, these sites are slowly becoming the preferred option for many clients.


Punters from some countries may not be able to use any other type of payment solution


Sadly, online gambling continues to be under the attack of many regulations. Even though some countries have started to accept online casinos and bookies, most of them still don’t allow their residents to access those websites. This means that the only way for those people to bet on the things they like is by using one of the cryptocurrencies.