Crypto casinos are on the rise

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Bitcoin, Ethereum Casinos & Co. are gaining ground and trying to consolidate their place in the world of online casinos. While Bitcoins are not a currency to touch, the Bitcoin currency is nevertheless already accepted as a payment method in many online casinos 2022. No other payment method is as popular and criticized at the same time as Bitcoin. A currency that exists only digitally is an almost perfect fit for virtual casinos. 

One of the best crypto casino

This includes Stake.com: Stake is a pure crypto bookmaker. Payment transactions are made exclusively in cryptocurrencies. Deposits are always made to the Stake crypto wallet. At the Stake.com cashier, payments are accepted with Bitcoin, Ethereum, Ripple, Tron, Dogecoin, Litecoin, Bitcoin Cash and EOS. There are no costs involved. All deposits at Stake and withdrawals are executed free of charge. 

Blockchain-based currencies like Bitcoin, Litecoin, Ethereum, etc. stand for secure and transparent payments. They are carried out in a decentralized manner and no bank monitors these transactions. Nevertheless, all payments can be tracked as they are stored on the blockchain. Crypto casinos like Stake.com are gambling platforms that accept BTC as a deposit or withdrawal method. However, in most cases, such casinos also accept other cryptocurrencies like Doge, Litecoin, etc. 

Crypto casinos like Stake in Switzerland work almost exactly like a traditional online casino, the only difference being that you fund your account with Bitcoin instead of fiat currency. However, since Bitcoin is virtual, you can store it digitally as a computer file in a BTC wallet on your device or in the cloud. 

In recent years, with the boom of Bitcoin, many pure new crypto casinos (e.g. Stake.com and others) entered the market, where players can deposit exclusively with cryptocurrencies and also make withdrawals. Withdrawals at a crypto online casino are just as easy, fast and secure as deposits at regular casinos – they especially have the advantage that the withdrawals reach you immediately! So you don’t have to wait at all and can access your winnings directly. It is in the interest of online casinos not only to reduce transaction costs, but also to be able to give players a decent amount of freedom of choice. The more payment methods are offered, the higher the probability that the variant that suits a potential player is also included. This is exactly where the cryptocurrency Bitcoin comes into play.

How does a crypto casino like Stake.com work? A crypto casino basically works like any other online casino: You first need to register. In order to deposit at a Bitcoin casino, you will of course need Bitcoins and a Bitcoin wallet or other currencies, depending on the specific casino. You can buy the Bitcoins on crypto exchanges like Binance and they will then be managed in your Bitcoin wallet. At Stake Bitcoin Casino, you select “Bitcoin” as your payment method and then you send your payment from your Bitcoin wallet to the casino. In seconds, your deposit will be credited to the BTC Casino and you can start playing immediately. Your winnings will then be transferred back to your Bitcoin wallet.

What about the security at online crypto casinos like Stake.com? Bitcoin is very safe as a payment method at crypto casinos Switzerland. However, there are a few things you need to be aware of. First, the security standard is much more dependent on those than with a credit card, for example, and second, you can only use the cryptocurrency in Bitcoin casinos that do not have an EU license. Both of these may not look enticing when you first read them, but the advantages clearly outweigh the disadvantages here. If you care about good personal security, protect your passwords, network and computer well, then Bitcoin is absolutely safe and the perfect way to deposit at crypto casinos like Stake.com in Switzerland. It’s no wonder that many casinos now accept cryptocurrencies. 

Because with Bitcoin, Litecoin, Doge and Co. the casino deposit is safe, anonymous and fast, and with a little luck, users can also profit from rising rates away from the online casino.

Bitcoin is legal in Switzerland and so is its use in casinos, such as Stake. However, it is important that you make sure that the online casino where you play has a valid EU license. Deposits and withdrawals in Bitcoin casinos Switzerland are in principle free of charge. However, there are fees for the crypto network (so-called “gas fees”). The fees are used to pay the miners who provide the computing power for the transaction and the verification of the blockchain. In addition, fees may also be charged if you deposit via one of the Exchanges. You should research this beforehand, so you don’t get any nasty surprises. 

Price fluctuations are a risk that you need to be aware of. If your player account is managed in cryptocurrencies, large exchange rate fluctuations cannot be ruled out. However, most Bitcoin online casinos convert your Bitcoin deposit into fiat currency, i.e. Swiss francs or euros. There are also slots where you play directly with your cryptocurrencies. Note, however, that in these moments you are particularly vulnerable to exchange rate fluctuations and can lose money not only at the slot.