Cryptocurrency deposits as an option for online slots 

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Since they were first created by Charles Fey at the turn of the 20th century, slot machines have been a popular pastime for many. Today, this particular game in all its many varieties and forms brings in billions of dollars to the gambling industry, and it could even be said that it is the slots that keep the whole thing rolling along. It’s a lucrative industry, and the creators and owners of casinos, but land based and online, want to see it stay that way. 

To do this, they need to look at the money, of course. They need to look at what people are spending and how they want to pay, and they need to make it easy for players to spend what they want when they want. You can see over the years that this has always been something that slot machines and Fluffy Favourites 500 FREE Spins at Wizard have allowed for; it used to be coins only, or tokens in some places. Then it moved allowing for paper money. Then debit and credit cards. Then virtual money through Paypal and other portals. And now cryptocurrencies are being considered and in some cases already used as a means of payment for slots. 

What Are Cryptocurrencies?

What are cryptocurrencies? It’s a good question. Knowing what they are will make it much easier to determine whether or not is a payment method you’re keen to try out. Essentially, cryptocurrencies (of which there are many, the most famous being bitcoin) is a purely digital way of moving money. Using complicated codes called blockchains, currency can be moved from place to place, person to person, ewallet to ewallet whenever necessary with just a few clicks of the mouse. 

What people really love about cryptocurrency is that it is not controlled by any government, and that means that there is no exchange rate to deal with, and no restrictions. For many it’s the perfect method of payment. 

Why Use Cryptocurrencies For Slot Deposits?

So although cryptocurrencies have their place in society, and they could be the ideal way to make transactions, why would people use them to play slots when there are plenty of other means of payment on offer including other virtual payments? What makes cryptocurrencies so good for this particular reason? 

The biggest reason is that when you use cryptocurrency you are granted anonymity. You don’t have to input any data about yourself online as you simply use computer generated codes to make your payment. Online security should always be at the forefront of your mind, and by using cryptocurrency you can keep yourself and your finances much safer.

As well as this, it is generally a much more secure method of payment than a bank transfer, for example. Cryptocurrencies are virtually impossible to steal so you should be absolutely secure in using them. Finally, there are lower fees associated with using cryptocurrency, meaning you’ll have more money in your slots’ budget to play with! 

At the moment not every online casino is set up to accept cryptocurrencies, although there are some that are using this method right now. In the future, however, it is likely that most, if not all, online casinos will allow cryptocurrency transactions to take place.

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