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Cryptocurrency iGaming vs Traditional Platforms - The Key Differences You Should Be Aware Of

Cryptocurrency iGaming vs Traditional Platforms - The Key Differences You Should Be Aware Of

By Guest Author

December 20, 2024

In today’s world of online gambling, people can access a wide array of operators. Alongside the traditional sites that users can put to the test, players can also experience many different crypto gambling sites. A lot of them offer similar options to the standard operators, but there are also many differences, and it’s time to take a look at them.

The design & layout

One of the big differences between some of the best crypto gambling sites and the traditional operators is their design. Many people do not care about the design, but those who look for reviews before choosing an operator know that it is important. If you read more about the leading iGaming sites on https://efirbet.com/, you will learn that having a good design is usually one of the factors that make a given company legit. It’s definitely not the most important one, however, so it’s advisable to read the complete reviews before choosing a site.

The first design difference you will find when checking the biggest crypto gambling sites is the color usage. Most modern companies that focus on cryptocurrencies use more neutral colors to make everything look more professional.

In terms of the layout, a lot of the sites offering crypto gambling have a similar approach to traditional operators. The only big difference is that there’s usually an additional tab that allows people to purchase crypto. Speaking of the devil, this is another big difference.

You should be able to purchase crypto or exchange your fiat currencies

Making crypto payments in iGaming is nothing new because some sites have been offering this option for years. Most gamblers interested in using these types of sites know that they will need crypto, so they try preparing beforehand. Others, however, do not have access to those things, which is why some crypto sports gambling sites allow them to exchange their fiat currencies or buy crypto.

This is a very interesting process that usually requires the gambling site to work alongside some of the biggest crypto exchanges. Some companies decided to make this process even easier by offering an in-house crypto exchange.

Something to remember before using these options is that you need to check whether there are any fees. Most sites will not require the user to pay any extra money but there are always exceptions.

Accessibility

If you look at some of the biggest crypto gambling sites and the operators that offer regular payment options, you will see a difference in the accessibility. Since these types of sites do not accept regular payment options, they can be used in many more countries. Yes, every crypto gambling site also needs to have a license, and it may not be available in every country, but even people from those places can use it because of the digital currencies.

Not everyone will be okay with using a site that’s not regulated in the user’s country of residence because of the lack of player support and information. Those who decide to give it a try, however, will appreciate the fact that they do not need to deal with the conventional payment options. Using digital currencies means that users will be free from having to contact banks (this happens very often) or unblock e-wallet transactions.

The volatility of digital currencies

Whether using a top crypto iGaming solution provider or a new operator focusing on digital currencies, you should always remember that digital currencies are very volatile. In other words, you have to be careful when the amounts you deposit and bet with. Depending on what’s happening on the market, you may spend a lot more money than you want.

This is not an issue when it comes down to using regular gambling websites. Fiat currencies are relatively stable compared to crypto, ensuring predictable winnings and losses. This is one of the reasons why some people want to use hybrid operators rather than a 100% crypto iGaming platform.

Most cryptocurrency gambling platforms are more cost-efficient

Although this is not always the case, most crypto-gambling websites you come across are much more cost-efficient than their standard counterparts. There are several reasons for that, one of which is the low transaction fees.

In most cases, these sites do not require players to pay any extra fees for their transactions. Moreover, the companies themselves do not need to pay banks or e-wallet companies anything extra, which means they can keep more money. This also means that most of them can provide better odds for sports betting and even lower the house edge.

Unlike the sites that use crypto iGaming solutions, regulator companies usually have higher operational costs. They have to pay higher fees for the money transfers, resulting in higher house edges and less favorable odds. There are always exceptions to these rules, so always try to check this information before deciding what to use.

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Cryptocurrency iGaming vs Traditional Platforms - The Key Differences You Should Be Aware Of

The design & layout

Accessibility

The volatility of digital currencies

Other Blog Articles