High rollers are not ordinary casino players, so it should not be surprising that land-based and online casinos try to give them access to everything they want. Normally, these kinds of people do not have any problems while playing. The bad news is that some of them may have issues when depositing or withdrawing.
Fortunately, operators have found ways to eliminate these drawbacks. Thanks to cryptocurrencies, high rollers can get what they want faster and safer, no matter the website.
The number of online casino high rollers is growing every day because a lot of people stop going to brick-and-mortar operators. Sadly, not all have experience with cryptocurrencies, so let’s learn more about these payment gateways.
Why Cryptocurrencies?
Considering there are so many different types of payment solutions available to online gamblers, many users don’t understand why they should focus on digital currencies. The answer is simple: They are fast, efficient, secure, and (fairly) anonymous.
Making a deposit or withdrawal with most cryptocurrencies is fast. Although it depends on the particular opinion, you should be able to deposit or withdraw what you’ve won much faster than usual.
Crypto transactions are also efficient. What this means is that you won’t experience things such as failed or delayed payments. Moreover, you can make payments using a wide range of devices, including phones, tablets, and more.
The last but probably the most important thing for some high rollers is that cryptocurrencies offer a level of anonymity. Some high rollers do not care whether others know if they wager a lot. However, many clients want to stay under the radar, and crypto gives them the chance to do that.
Which Are The Most Common Cryptocurrencies Available to High Rollers?
High rollers who decide to use cryptocurrencies in an online casino will find many different options. Even though it depends a lot on the gambling company, these are the go-to alternatives:
- Bitcoin
- Ethereum
- Dogecoin
- Shiba Inu
- Litecoin
- Ripple
- Tron
Each digital currency has pros and cons, so high rollers must decide what works best. It’s no surprise that most casino cheetahs prefer Bitcoin because it’s the most popular alternative. What’s also interesting about BTC is that this option will open the doors to exclusive bonuses and special Bitcoin games.
Since Ethereum is the second most popular digital currency, it’s also a solid choice for many casino whales. The transactions with ETH are usually faster, and it is possible to find additional products, such as bonuses.
Despite being a meme coin, Dogecoin continues to be a very popular alternative for most players. That said, not all casinos will give you access to it.
Cryptocurrencies And The Legality of Transactions
A big reason why online casino high rollers want to use cryptocurrencies is because of their ability to “hide” the transaction. Some people who use casino sites reside in countries with very strict laws. There are also many instances of users who live in a place where gambling is a crime, meaning they can’t rely on any of the conventional payment solutions.
By choosing cryptocurrencies, these people do not need to worry about their financial transactions. Since crypto wallets are hard to track, they can make deposits and withdrawals fairly safely. This is a huge plus for cryptocurrency fans because they don’t need to worry about this aspect.
Once the crypto arrives in their wallets, gamblers can use it to pay for things or withdraw it. There are different ways of doing it, but we won’t go into further details because it really depends on the platform.
The Limits
Another important thing high rollers must know before they start gambling is that cryptocurrencies allow them to make substantial transactions. This is very important for every casino whale because being a highroller means spending more money than others.
In most cases, casino websites will provide much higher limits for crypto transactions than usual. There are a couple of reasons for this decision, one of which is the crypto volatility (we will talk more about it in a bit). Also, casinos know that gamblers who use digital currencies want to wager with more funds.
Besides the higher deposit limits, digital currencies also allow substantial withdrawals. This means that punters have the opportunity to receive everything they have won.
The Negative Aspects of Cryptocurrencies
Despite the many advantages related to cryptocurrencies, high rollers also need to know some information about their drawbacks. The first and definitely the most annoying problem is their volatility. No matter which payment solution you choose, there is a good chance its price will go down.
When the price goes up, you can win a lot more than usual. However, this also means you can spend a lot more if you lose, so it’s a risk you have to be willing to take.
If the cryptocurrency’s price goes down, it will allow you to bet even more because it will be “cheaper”. However, it also means that your winnings won’t be that high.
Conclusion
Overall, cryptocurrencies are the ideal payment gateways for most casino high rollers. They offer many advantages over regular deposit and withdrawal solutions. Not everyone will use them, but whales who give them a try will appreciate their perks.
