Since online betting site becomes a reality, several payment methods have emerged. From bank transfers and e-wallet systems to third-party payment channels, players have used different options. Many reliable payment methods are currently available. Notable among them are direct bank transfers, debit cards, credit cards, Help2Pay, Skrill, PayPal, etc. These options come in handy for depositing in online casinos, especially by players from online casino Singapore. You can also withdraw winnings via bank transfer and the e-wallet payment systems.
However, none of the approaches seems to be as beneficial for bettors as cryptocurrency. Although digital currencies have emerged in recent decades, it continues to gain a good standing in many e-commerce stores. Today, you’ll find fashion stores, appliances hub, bookstores and service providers accepting bitcoin, Ethereum, etc., online.
With Bitcoin and other altcoins booming some years back, it’s not surprising to see several online casino Singapore platforms joining the movement. Now, players can deposit and withdraw using cryptocurrency and start crypto betting. To learn more about how crypto benefits you as an online bettor, read on.
Better security and safety standards
Clearly, many existing payment methods respect users’ privacies and protect their confidentiality. However, they are very vulnerable to cyberattacks. Banks can easily be influenced by the government to provide users’ information and transaction records. Hence, payment details and activities are not entirely safe using conventional banking methods.
Contrarily, the crypto casino bonus codes system provides better security and safety methods to engage in a transaction with online casino Singapore sites. This is because every transaction is encrypted between the payer’s wallets and the receiving wallets by the online casino. No personal information or financial records are needed to complete bitcoin, Ethereum or any other altcoin transactions. This gives bettors’ information better security and safety.
Anonymity and privacy
Ensuring that your finances and details are safe is one thing; keeping your identity confidential is another. Although most payment systems claim to protect users’ 以太坊私鑰登錄, it is not entirely guaranteed. If you truly want to keep your identity classified when depositing and withdrawing funds from your online casino account, cryptocurrency seems to be the best option.
First off, the digital coin runs on a decentralized system. This ensures that every transaction is credible, safe and confidential. For every bitcoin sent to the wallet of your preferred online casino, you don’t need to provide your personal information, address, or financial records. You simply need to inform the betting site about the transaction and provide the details. Every sensitive information is kept private with a cryptocurrency payment approach.
Quick deposit and withdrawal
Depending on your chosen payment method, an online casino may spend some hours to a few days completing a withdrawal process. Some methods are quicker than others. If you want a swift deposit into your account and withdrawal of your winnings, cryptocurrency is currently the best way.
Sending bitcoin is superfast for various reasons. First off, you simply need to make a few clicks on your e-wallet to the recipient’s address to complete the transaction. Also, bettors don’t need to submit a series of information to conduct a transaction. Additionally, you don’t need to wait for several days to get approval from the betting site. Once you initiate the transaction, the deposit or withdrawal will be completed within a few seconds or minutes.
Zero or very low payment fees
For most crypto wallet providers, transactions are completely free. Some wallets charge a very small amount for sending bitcoin, Ethereum, etc. Nevertheless, the charges are usually smaller compared to using third-party payment systems such as Skrill, PayPal or Help2Pay. Also, considering that many betting sites do not charge for withdrawal and deposit, you won’t suffer any hidden charges. Whether you’re a seasoned online gamer or new to the scene, https://mayalounge.net/ is the perfect place to start. With a wide range of games and generous bonuses, you’re sure to find something to suit your tastes. Click here to start playing now.
Additionally, cryptocurrency payment systems allow bettors to transact as many times as possible. You can send the digital coins to many online casino Singapore sites on the same day. You are not limited by the amount or number of transactions. This may not be possible with some conventional payment systems.
No tax applies
Hardly will you find any country that charges cryptocurrency transactions. Currently, Singapore does not charge citizens for sending or receiving bitcoin or any other coins. So, you know that it’s the same amount that you send from your crypto wallet that you’ll find in your casino account.
Also, when you are paid in digital coins, you get the same amount. This may realize that your account has been taxed if you use fiat currency. So, if you don’t want to be losing out on some of your hard-earned casino winnings, crypto payment is worth considering.
Online casino perks
Although these perks are not offered by every online casino Singapore site, many renowned sites offer bonuses and promos. Many bonuses are often associated with the amount of cryptocurrency deposited on many crypto online casinos. Also, you may be rewarded with crypto if you manage to become a VIP member in some online casinos. These are additional benefits of depositing to betting sites using virtual currencies.
Final note
The list of betting sites accepting and paying with cryptocurrency is expected to keep growing. Hence, players will have many more options to explore. Nevertheless, you still have a handful of online casino Singapore sites that accept Bitcoin, Ethereum, Tether, etc., currently.
Betting on these casinos with cryptocurrency affords you the opportunity to enjoy the benefits stated herein. You’ll enjoy better confidentiality while your financial activities will be better secured.
Also, the government cannot tax your transactions. You can leave behind the days of dealing with heavy or hidden charges on some notorious payment systems by using cryptocurrency. On some betting sites, you can get incredible rewards for funding your casino account with cryptocurrencies. Feel free to explore your options.