Cryptocurrency has seen a meteoric rise in the past 10 years. Once regarded as a niche asset for the tech-savvy only, the major cryptos, particularly Bitcoin, are now globally recognized and widely accepted online.
One niche which has seen a particularly enthusiastic uptake of cryptocurrency is online gambling.
While crypto casinos used to be well hidden and known by only the most committed crypto gamblers, major gambling sites like Cloudbet now offer several cryptocurrency options alongside their fiat banking methods. Cloudbet also offers an array of features that makes it more favorable than other crypto gambling sites.
Deposits and welcome bonuses
Cloudbet offers all first-time depositors the chance to earn up to 5 BTC in bonus money, this is a lucrative sum the players won’t find offered at any fiat casinos.
It’s not just welcome bonuses that are boosted for cryptocurrency users, as the platform also offers deposit bonuses on all deposits made on Thursdays, plus they regularly offer zero margin odds at their sportsbook, ensuring successful bettors receive the biggest prizes when betting there. There’s also a Cloudbet Loyalty Club, which rewards gamblers for their ongoing custom at the site.
Cash Out feature
Cloudbet’s long-awaited Cash Out feature is now available and starts with Single betting. A Cash Out is a feature that allows users to lock in returns for their previously placed bets before the original bet has been settled. Cash Outs on Cloudbet are available for selected pre-match, live events, and markets, for Singles bets at present.
In essence, Cash Out is a new bet that uses the potential winnings of the user’s original bet alongside the current odds available if that bet was placed now. By using this feature, users can either lock in their winnings or cut their losses early. The Cloudbet Offering section lists the events and markets where Cloudbet is currently offering users the Cash Out functionality.
Supercharged Withdrawal Speeds
Using crypto at Cloudbet is the perfect choice for anyone looking for fast payouts. Withdrawals using more traditional banking options, such as debit/credit cards and e-wallets, can take a couple of days to process, and a few more days to transfer. Crypto cuts this time drastically, as gamblers will often receive their crypto withdrawals just a few minutes after making the request.
Deposits are also quick when using crypto at Cloudbet, typically they take a maximum of 10 minutes to be added to an account. This slight delay is down to the blockchain technology used to process payments, which ensures the exceptional safety of users’ assets. So, Cloudbet’s deposits take a few minutes longer than other payment options, but the small wait is worth it, thanks to the enhanced security.
Safe and Secure Transactions
Cryptocurrency is known for being a reliable and safe way to send and receive money online. Every transaction made at Cloudbet is verified by the blockchain using advanced cryptography, making it almost impossible to defraud the system, plus the encryption process ensures data can’t be stolen or changed. Add this to Cloudbet’s own security features and a watertight combination is created.
It’s also the case that cryptocurrency is exceptionally private. When using crypto to deposit at Cloudbet, players never need to enter banking details they won’t have to enter anything, as the transaction is initiated from the gambler’s crypto wallet. To make withdrawals using crypto at Cloudbet, the only details needed are the amount to withdraw and the address of the wallet receiving the withdrawal.
Widely Accepted Online
Crypto casinos were once rare. They had been lurking in the shadows for some time, watching while gamblers flocked to fiat casinos instead. However, this isn’t the case anymore as crypto casinos have gone mainstream. There are now several big-name casinos, but Cloudbet was one of the first, and still leads the crypto casino industry.
Not only has crypto become more widespread, but the different types of crypto accepted have grown enormously over recent years too. Cloudbet doesn’t just accept Bitcoin, it accepts various other cryptocurrencies, including Ethereum, Bitcoin Cash, Litecoin, Dogecoin, Dash, and more. Essentially, if a gambler has a preferred cryptocurrency, they’ll almost certainly find an online casino that accepts it.
Finally, gamblers will find that only small fees are payable when depositing and withdrawing using cryptocurrency. Users will pay a tiny sum for using the cryptocurrency, but this will generally pale into insignificance when compared to the prices charged by most other payment options. For example, those using PayPal will usually pay fees of more than 3% on money withdrawn using the method.
However, it is very important to check that a crypto casino doesn’t charge fees – some do, and these can take away a sizable chunk of your deposit or withdrawal. Cloudbet doesn’t charge fees for withdrawals, making it a sensible choice for anyone looking to bet online with cryptocurrency.
The reliable services and top-tier security combined with a plethora of features offered by Cloudbet guarantee a smooth and convenient online crypto gambling experience for its users.
To know more about the platform, visit its official website.
Disclaimer: This is a paid post and should not be treated as news/advice.