In the past, fiat currency was the only way that you could access betting services. On top of this, you had to be physically present at a land-based casino before you could play any of your favorite games. But now, it is possible to gamble on websites and apps no matter where you are in the world.
But while fiat currency is still the most popular form of money used for betting, you should consider adding crypto to the mix. While these digital assets are relatively novel, crypto comes with several benefits, some of which are as follows:
Variety
Variety is the spice of life and this applies to gambling as well. Fiat currency might be the traditional way to place wagers but also having the option of crypto is always a benefit. For example, crypto casinos offer an alternative to traditional ones that are not always available. One of the biggest examples of this is the online casino Stake, however, there are many other sites to choose from.
As Milan Novakovic writes, stake alternative casinos that use crypto are much more popular these days and many players are embracing them. Having both crypto and fiat options means that should you have an issue with one payment type, you’re not completely shut out of the world of betting, which is a perk you’ll want to have. These sites also offer a wide selection of games and award players with big bonuses.
Profit
A notable feature of fiat currency is that it, for the most part, tends to retain its value. $100 is not likely to see its value change from one day to the next and any changes to this will happen over a significant period of time. Crypto, on the other hand, tends to see dramatic shifts, with its value rising and falling over time. In the best-case scenario, you could win crypto tokens while gambling that will appreciate. If you won a Bitcoin token last year, for example, it would have been worth about $73,000. Today, the same token goes for almost $100,000. So, by using crypto, you can profit in more ways than one.
Fast Transactions
One of the biggest frustrations you can face while gambling is your payments taking a long time to be processed. It is not unheard of for fiat payments to take hours or even days to complete. But many cryptos like XRP and LTC are known for completing transitions in mere seconds. That way, you can access their winnings on time, especially if you urgently need the money.
Low Fees
The last thing you want after winning a bet is to have a significant portion of your winnings deducted to cover transfer costs. This is even more so when your profit margin is small, to begin with. Luckily, cryptocurrency is a great way to save on fees. Tokens like XRP are known for moving large amounts of money while charging very little in fees. Then you have tokens like ETH that let you bet gas fees to facilitate transfers. So, those looking to save money can opt for slower transactions. Either way, there are many avenues to pay as little as possible in fees using crypto.
Privacy
These days, privacy, especially online, is a big deal for many consumers. If you’re one of the privacy-conscious internet users, you might want to consider gambling with crypto assets. Because crypto is based on decentralized networks, you can create wallets for your tokens and transfer them completely anonymously. What’s more, there is an emerging crop of crypto casinos that let you access gambling games without even opening an account. You’ll only need to connect your wallet to get started and this lets you preserve your privacy.
Control
When gambling using fiat currency, there is the chance of your activities being limited by your financial institution. Your bank or credit card provider might put spending limits on you, your account could be frozen if you spend above a certain amount, and so on. But because crypto is decentralized, you are in complete control of your experience. Using a crypto wallet, you can spend as much as you want where you want and as frequently as you want without anyone controlling your activities. Even your wallet provider cannot control your activities, so definitely consider this.
Conclusion
In 2025, anyone who enjoys playing casino games should consider using crypto in some capacity. From the possible financial benefits to increased privacy to just having some more variety, there is something for everyone. Look to see if your current or potential casino takes crypto and you too can reap these benefits.
