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The blockchain technology is clearly invading most industries and consumers are embracing it at a rapid pace. This is mainly due to the advantages offered by DLT, such as security, anonymity, cost saving, and fast transactions. One such industry embracing blockchain technology is the online gambling industry, with blockchain-based casinos coming up, such as www.zerocoin.bet. Let’s have a look at why blockchain technology casinos are better than their traditional counterparts.
Transparency
Most traditional casinos hide some information from users, such as winnings. They also have various hidden tricks that give them an advantage over gamblers. When gamblers don’t know about the tricks that give the house better odds over them, they keep on gambling and lose without understanding the real reason. Meanwhile, the traditional casinos take advantage of the ignorance of its users, in a greedy and unscrupulous way.
Blockchain casinos have eliminated the possibility of using such tricks that give the house a better edge in winning. They ensure transparency and ensure that all the odds are clear and transparent to gamblers. They offer a fair play platform for gamblers. For example, www.zerocoin.bet offers 0% house edge casino games. This transparency also ensures that there is trust between both parties and eliminates scams. All of this is possible due to the fact that most of the blockchain casinos earn from the value of the coin that users purchase and spend on the platform than from making money at users’ expense.
Information is safe and secure
Traditional casinos involve gamblers giving out their personal information including debit and credit cards details whose security is not 100% safe. Gamblers’ personal information is always at risk on these platforms, which is further exacerbated by the tedious requirement to fill in a lot of details as a part of registration process before one can start placing bets.
Blockchain casinos have eliminated this problem and made sure that the users’ personal information stays safe with them. In most cases, all one has to do is make a deposit to a designated address and start playing. It also eliminates the tedious task of filling out forms to join and logging in each time to play. Blockchain casino platforms are much easier and safe to play on.
Save on costs
The traditional online casinos are known to have significant costs associated with deposits and transactions. In addition to the already heavy charges, users are further burdened by other duties and taxes, which makes them shell out a small fortune, just to be able to play.
All these costs can be saved on online blockchain casinos, as the transaction costs are either low or absent. These platforms aren’t dependant on regulated payment services, which makes transaction processing much cheaper. Similarly, even the deposit and withdrawal costs are significantly low on blockchain casinos.
Better accessibility
Blockchain casinos use cryptocurrencies. These digital currency forms can be used from anywhere in the world. It is an added advantage as there are regions where gambling is totally prohibited, and those residing in these regions are deprived of trustworthy gambling platforms. With blockchain casinos, users get a chance to have fun without relying on illegal sites and gambling corners, which are usually risky, insecure and expensive.
Moreover, users will always have access to their funds, and if they choose to deposit or withdraw the funds/winnings from their account, it can be done almost instantly. In simple words, blockchain casinos are therefore safer, easier and better than traditional online casinos.
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