Cryptocurrencies are digital currencies used for trading and exchange through computer network. It doesn’t have any kind of physical currency such as metal coins or paper notes. Trading of these crypto currencies happen through online. These currencies neither abide by government rules nor banking rules. The idea of crypto currency was delivered in the year 1983. The first decentralized crypto currency was launched in the year 2009, named Bitcoin. Since then, we have multiple cryptocurrencies in the market. There are lot of speculations in and around crypto currencies and its governing bodies. That’s the reason many countries have banned cryptocurrency transactions made through it are considered illegal. Few nations have legalized cryptocurrency and they allow trading through crypto.
The answer for this would be both yes and no.
Yes, because many countries have legally accepted crypto and using them as a payment mode of transaction. If you belong to these countries then gambling with cryptocurrency is just like using any other mode of payment.
No, because some of the countries are yet to legalize crypto currency and few countries like China have considered crypto illegal. Henceforth, if you belong to these countries then it’s not only for gambling, you cannot use crypto currency for any of the transactions. So, the answer purely depends on the country you belong to.
Yes, if your country has legally accepted it then you can use cryptocurrency and gamble with it. There are many advantages if you gamble using cryptocurrency. We have best online casino which accept crypto currency as the mode of payment and reward you with currency you wish to have. Say for example, a player logs into a safe and secure online casino in UK using this cryptocurrency, wins the game and while receiving the payment he can receive in form of euros. Conversion from crypto to other currencies made easy.
In this digital world we have many online crypto casinos but are they safe and secure. We need to be careful while choosing the best online crypto casino. How do we do that? Firstly, we need to check if the website is licensed under UKGC (United Kingdom Gambling Commission), MGA (Malta Gaming Authority) or CURRACAO. This will tell us that the website is abiding to these governing bodies. Further we need to check for the payment gateway used during the checkout. UPI, paypal, paysafecard, ecopayz, payviaphone and VISA are some of the genuine payment gateway providers.