The gambling industry is increasingly exploring the boundless spaces of the Internet. Nowadays, any Australian with an Internet connection can gamble on the country’s best platforms without any difficulties. Developers of online gambling platforms strive to attract the widest possible audience, creating the most convenient and appealing conditions for potential gamblers. Such a significant phenomenon as blockchain technologies and digital currencies could not go unnoticed by the best representatives of the gambling business as they see cryptocurrencies as an opportunity to solve many challenges inherent in the modern online gambling industry.
Cryptocurrencies in online casinos
The widest applicability of blockchain technology is related to cryptocurrencies. The blockchain served as the basis and opportunity for the development of cryptocurrencies, primarily Bitcoin, the way we know them today. Initially, these payment means were created to retain their properties in the process of using and developing. The main thing that developers intended to achieve was the anonymity of users and the nearly blank impossibility of tracking or canceling payments. Of course, speaking of the impossibility to track the cryptocurrency transaction, one should remember the word “nearly”, because there were some cases when it was still possible to trace Bitcoin transfers. However, such cases were rare. Back then, large resources were used to achieve the goal, besides the users had made mistakes and behaved imprudently.
When it comes to using cryptocurrencies in online casinos, they can bring tangible benefits to the development of the entire industry. The point is that there are some countries that ban online gambling; a number of states do not allow their citizens to top up their gambling accounts via conventional means, and such prohibitions are stipulated at the legislative level. There are many simple ways to bypass website blocking, such as VPN technology, TOR browser, and others, but the issues related to transactions are much more serious. Of course, you can enjoy playing Aussie pokies for free, but for real gamblers, there’s a special fascination in risk, and without the opportunity to bet real money, gambling loses the most of its appeal.
Cryptocurrencies are the best solution to this problem. Blockchain technology does not allow using conventional (and even most common) methods to establish from which country the cryptocurrency transfer came – from Australia, Mexico, or Zimbabwe. The complete anonymity of the owners of cryptocurrency wallets is not a publicity stunt or empty words, it is an objective reality.
The second important advantage that cryptocurrencies feature is the speed of transactions. Australian gamblers, like their counterparts in other countries of the world, do not like to wait while the payment is processed and goes through banks and payment systems. And it can take hours or even days, especially when it comes to withdrawing the funds won. If Blockchain technology is used and settlements are carried out in cryptocurrencies, the transaction time is reduced to several minutes.
Finally, here is the third important advantage. The very concept of cryptocurrencies does not provide for any commission fees or charges that players often have to pay for transactions with traditional fiat currencies. For example, the currency conversion fee can significantly reduce the actual amount of the win. Moreover, online casinos have nothing to do with it, these are the conditions set by banks and payment systems. When transactions are carried out in Bitcoins, Ethereum, and other cryptocurrencies, there are no charges or fees.
Australian casinos accepting cryptocurrencies
In Australia, the government is quite favorably disposed to digital currencies. For example, it is officially allowed to pay wages in cryptocurrency subject to a specially drawn-up contract and mutual agreement between the employee and the employer. Therefore, most of the online establishments included in the Top Online Casinos 2021 either already support crypto settlements or will make them available in the nearest future. According to acknowledged experts, the Top 10 should be the following:
- iLucki Casino;
- Bitstarz Casino;
- Kahuna Casino;
- Playamo Casino;
- 21 Dukes Casino;
- Joe Fortune Casino;
- Casinochan Casino;
- Grand Rush Casino;
- Casinonic Casino;
- Ignition Casino.
It is quite simple to find out if a particular platform supports settlements in Bitcoins and other cryptocurrencies. All you need to do is to go to the official website of the relevant casino and find the section with supported payment methods on the home page. Usually, this information is provided at the foot of the page along with details about the license and partner providers. The most common cryptocurrency supported by gambling platforms is Bitcoin, but other types can often be found as well.