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AdTOKEN6900: The Successor to SPX6900
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Using the right online casino bonus is a tricky business. Especially nowadays when there are so many different options to choose from – including cryptocurrency casino bonuses. In this article we take a look at crypto bonuses in close detail.
By the time you have finished up reading this article, you should not just know a lot more about crypto casinos, but you should also be able to ascertain whether cruising for bonuses and signing up to one is worth your time.
To find out everything you need to know about crypto casinos, read on…
It is a digital currency that is designed to work through computer networks and is – usually – completed independent of central authorities such as governments and banks. First introduced as a concept in 1983 by David Chaum, crypto was envisaged by many as a more egalitarian and libertarian currency. One that could not be influenced or regulated by governments.
To the many supporters of cryptocurrency that vision has been realised. To the many critics of crypto however, it is less a digital currency but rather a complex tool of misdirection that wealthy investors use to exploit the less wealthy and less informed.
When it comes to keeping up with the zeitgeist and adopting popular trends, online casinos lead the way. Whether it be the move online itself, smartphone adaptation, live dealer integration or the adoption of crypto as a payment method, online casinos are always front and centre of the latest innovations.
Attracting new players has always been vital to their strategy and ensuring players are using the right online casino bonus can be lucrative for them if it leaves the player impressed with what they have to offer. The fact that they are always innovating means it’s no surprise that online casinos became one of the first businesses to accept crypto as a form of payment and withdrawal and advertise the fact.
Currently, at the time of writing, there are tens of thousands of online casinos all around the globe that either accept crypto as an additional form of currency or operate with it as their sole payment method.
Traditional online casino bonuses and online casino bonuses are incredibly similar. The only point of difference between them is the method of payment/withdrawal. The most common crypto casino bonuses will reward players with free spins or plays when they deposit a certain amount or credit their account with a monetary figure upon sign-up.
In a crowded market such as the online casino business, bonuses are a vital tool in the arsenal of individual companies who are looking to establish themselves. Typically, crypto casino bonuses are more lucrative and rewarding than traditional ones, as it is often harder to persuade a gamer to switch to digital currency.
This has led a number of savvy gamers to dip in and out of crypto casinos, utilising generous bonuses and sign-up offers to make a quick buck. Using various aggregator and review sites such as casino.org, players find the best and latest bonuses and flit between providers to make fast cash.
In general, yes. However, in comparison to traditional online casinos they are less secure and represent a large level of financial risk. Typically the companies providing crypto casino services are newer and therefore less established and trusted than normal online casinos.
In addition to that, the currency they trade in is, by its very nature, volatile. In 2024 for example, one Litecoin (LTC) was worth USD $55.97 on August 7th before climbing to $136.10 on December 6th. Conversely, the Canadian dollar reached a low of USD $0.69 and a high of $0.73 in the whole of 2024.
Whilst large importation and distribution companies may have felt the effects of a 4 cents shift in currency, it’s nowhere near the levels of an $80.13 swing. If you had made a deposit in LTC on August 7th last year with an online casino, not only would you no longer have that money, but it would be worth more to the company you wagered it with now.
In fact, if the company had been savvy, as most of them are, and sold those LTC in December, they would have doubled their profits from your lost wager.
What we are not so subtly trying to get at in this article, is that wagering in cryptocurrency is still a risk. The only exception to that rule is if you are doing so to exploit and take advantage of lucrative bonuses. So, our advice is to stick with what you know. After all, why would you add another level of risk to a pastime that is already a gamble?
Disclaimer
The information on Coinsniper is user-generated and not verified. Coinsniper does not provide financial advice or facilitate transactions.
Also note that the cryptocurrencies listed on this website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments.
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