Crypto-accepting sweepstake casinos are now more mainstream than ever, and people who prefer using cryptocurrency to pay for things online are choosing to play at crypto casinos over regular sweepstake casinos (ones that don’t accept cryptocurrencies).
Here is a closer look at how crypto casinos differ from regular sweepstake casinos and how they offer better security than traditional gaming sites offering casino games and sports betting services.
What is the main difference between crypto casinos and regular sweepstake casinos?
A crypto casino is a fully licensed and regulated iGaming site (a real money gambling site) that accepts one or more cryptocurrencies for deposits and withdrawals.
‘Regular’ sweepstake casinos don’t accept cryptocurrency deposits or withdrawals using blockchain technology. They will only accept traditional online payment methods like credit & debit cards, eWallets (aka digital wallets or web wallets) and fiat currencies like US/Canadian dollars, GB Pound Sterling, and Euros.
The main cryptocurrencies typically accepted on today’s best crypto-accepting casino sites are the following:
- BTC – Bitcoin
- USDT – Tether
- ETH – Ethereum
- DOGE – DogeCoin
- LTC – Litecoin
- XRP – Ripple
It’s also now common to find crypto casinos that accept various other legitimate cryptocurrencies, including TRX (Tron), BCH (Bitcoin Cash), ADA (Cardano), SOL (Solana), AVAX (Avalanche), and BNB (Binance Coin), to name a few.
What other differences are there between crypto and regular casino sites?
There are many other differences between online casinos that accept crypto and regular casino sites, apart from just accepting or not accepting cryptocurrencies.
For example, due to the very nature of decentralised blockchain technology and superior levels of encryption that protect transactions, crypto casinos provide higher levels of anonymity, privacy, and security.
Also, crypto payments are processed quicker than traditional online payment gateway processing times. Also, at most crypto casinos, players don’t always have to complete the account verification process (aka the No KYC – Know Your Customer process).
This means that players don’t have to prove who they are and will not have to send in a proof of address or ID document, such as a scanned colour copy of a passport/driver’s license (proof of ID) or a gas/electricity/mobile phone bill with their name and address on (proof of address).
At a regular sweepstake casino, your account will be restricted until you get yourself verified, meaning you won’t have access to all the features, such as being able to withdraw. As soon as your documents have been verified, any temporary restrictions that were placed on your account should now be lifted.
It usually only takes a few minutes to a couple of hours up to no longer than 48 hours for most sweepstake casino verification departments to verify your documents once you have sent them in.
However, most players find it inconvenient to get the documents sorted in the first place, which is why so many people prefer playing at crypto casinos. The KYC process is designed to prevent certain fraudulent activities and bonus misuse.
For example, the KYC process stops one player from opening multiple accounts just to claim the bonuses more than once. It also prevents underage gambling, money laundering, and several other fraudulent activities from taking place.
Just like regular sweepstake casinos, cryptocurrency casinos have thousands of computer-generated sweepstake casino games and state-of-the-art live dealer games from five to 20 or more market-leading software providers and game development studios.
Plus, crypto casinos also have ‘provably fair games,’ where players can verify the outcomes/results themselves, which fosters more of a sense of trust in sweepstake casinos.
Crypto casinos tend to work well on most Wi-Fi/internet-connected smartphones, tablets, desktop computers, and laptops, and the games load fast in most web browsers.
Final note
Crypto casinos are perfectly safe just like regular sweepstake casinos, provided they are fully licensed and regulated by one or more globally renowned licensing authorities (preferably by one or more ‘mid to top-tier’ licensing authorities).
Also, make sure a reputable operator controls the casino crypto casino you are about to join and that it has positive reviews on globally renowned iGaming review sites like SweepStakesCasino.net.
All of their featured sites have been carefully handpicked and expertly reviewed by dedicated researchers with plenty of years of experience finding, rating, and reviewing today’s best crypto casinos using the same rigorous testing process.
