Join Our Mailing List
Saturday June 10, 2023
Bitcoin (BTC) $26,336.06   Ethereum (ETH) $1,829.40
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home General Market

Forex or Crypto: Which Payment Method is Better for Online Casino Gaming

Published by CryptoNinjas.net
04/19/2023
Forex or Crypto: Which Payment Method is Better for Online Casino Gaming

When it comes to funding your wallet at an online casino, there are usually a plethora of different payment methods available. The question has to be asked then, which method is better? Forex or Crypto? Here’s what you need to know. 

The Benefits of Using Forex

There are a lot of online casinos out there, but not all of them accept cryptocurrencies. For one reason or another, you might have to use a bank transfer or other method to fund your wallet. There are a few benefits that come with using these methods over cryptocurrencies.

For one, you don’t have to go through the hassle of setting up a crypto wallet at a crypto exchange. While this has gotten easier over the years, if you already have a bank account or eWallet, you don’t have to open up another account and fund it to play online.

Additionally, these transactions are protected by your bank or the eWallet provider. With cryptocurrency, they are gone for good once you send the funds. There is no protection if you accidentally mistype the online casino’s wallet.  

The Benefits of Using Crypto

According to research from Erik King, crypto casinos or casinos that accept crypto are some of the best online casinos out there. The main benefit of using crypto to fund your wallet is that the transactions are often way faster than any other method out there. While funding your wallet through a bank transfer, eWallet, or another method may take anywhere from an hour to several days, crypto deposits and withdrawals are often processed within ten minutes.

On top of that, crypto is anonymous and nearly untraceable. A lot of players like this anonymity and appreciate it when online casinos allow them to fund their wallets this way. Online gambling is in a legal-grey area in many parts of the world, and some players feel more at ease if they can detach their bank account or other personal information from their online accounts. 

Which One Should You Use

When it comes to using forex or crypto for online casino gaming, the choice is yours. Each one has its own benefits and drawbacks. Depending on the casino, one of them might not even be an option. It’s important to check with the online casino first before committing to one. If a casino accepting cryptocurrency is a dealbreaker, you might want to keep looking for your golden goose.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

What is DeFi Returns? A new way of DeFi Investing

06/08/2023
What is DeFi Returns?  A new way of DeFi Investing

DeFi Returns brings comprehensive up-to-date information on DeFi strategies and protocols, to easily compare and analyze their performance. Getting the most reliable data source for historical yield on DeFi, to help users make informed...

Read more

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX, an Asia-based institutional-grade staking services provider, announced today the broadening of its staking product suite with the addition of a new ether (ETH) native staking solution. This latest offering strengthens RockX's position as a...

Read more

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

Hex Trust, a regulated institutional-grade crypto-asset custodian, today announced it has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse....

Read more

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip, a bitcoin ATM and crypto services company, announced today a new offering with the launch of 'Olliv,' a self-custody-powered crypto platform. The Olliv platform provides a frictionless way to buy, sell, send, receive,...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
What is DeFi Returns?  A new way of DeFi Investing

What is DeFi Returns? A new way of DeFi Investing

06/08/2023
A Beginner’s Guide To Forex Demo Account

A Beginner’s Guide To Forex Demo Account

06/07/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
What is DeFi Returns?  A new way of DeFi Investing

What is DeFi Returns? A new way of DeFi Investing

06/08/2023
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy