Cryptocurrencies in online casinos and lotteries: 7 reasons for their popularity
The reasons for the popularity of cryptocurrencies in online casinos and online lotteries are quite obvious.
1. The ability to play and have fun from home, from anywhere in the world, at any time.
This reason, paradoxically, is medical :) The coronavirus pandemic has played a significant role in increasing the popularity of online services in all areas of people's lives, from education to gambling. With the development of online lotteries and casinos, people have the opportunity to enjoy the emotions and atmosphere of gambling in a safe environment. You don't need to wear a face mask. You don't have to be afraid of the coronavirus. Just relax and enjoy the game!

Young people, people with disabilities, and many other categories of customers, for various reasons, cannot freely visit regular casinos. Online casinos and lotteries have opened the opportunity for these people to feel new emotions and discover a new world of entertainment. Moreover, these categories of clients are well acquainted with cryptocurrency and willingly use it to pay for online services.

2. Anonymity.
To play in cryptocurrency casinos and lotteries, you don't need to present an identity card or go through a complicated and annoying verification process. Cryptocurrencies with an increased level of anonymity (Monero, SmartCash, Dash, Verge, and some others) don't allow third parties to track your transactions on the blockchain. It's worth noting, that most cryptocurrency casinos and lotteries don't accept such cryptocurrencies directly, but you can always use crypto exchange platforms.
3. There are no intermediaries (such as banks and payment systems) which means:
  • no intermediary commission
  • high transaction speed
  • simplicity and high speed of depositing / withdrawing funds
  • reducing the chance of fraud
4. Increased security:
  • safety
  • transparency
  • decentralization

Blockchain and decentralized technologies used in cryptocurrency transactions make the process of transferring funds from the user's wallet to the casino account safe and transparent. Each transaction is recorded in the registry as an immutable data and verified by nodes of the decentralized blockchain network. Transactions recorded in the blockchain are irreversible.

Finally, cryptocurrency transactions are made through the blockchain network directly between the user's wallets and the casino (since there are no intermediaries involved).
5. Significantly higher bonuses in cryptocurrency casinos and lotteries
To attract new customers, cryptocurrency casinos offer various bonuses, hold prize lotteries and draws. Rewards and bonuses are paid here, quite logically, in cryptocurrencies or tokens that can be used inside the casino.

Thus, customers of cryptocurrency casinos and lotteries get much more fun and benefits than customers of traditional casinos or online gambling websites working exclusively with fiat currencies.

The variety of cryptocurrencies and tokens, as well as the ways to use them, is very extensive. Therefore, the list of ways to encourage cryptocurrency casinos and lotteries customers is almost inexhaustible. Both sides benefit from this arrangement. One of the most promising options for using cryptocurrency assets to encourage and engage players is non-fungible tokens (NFTs), which we will discuss in the next paragraph.

6. Opportunity to become a member of NFT projects.
NFTs have become one of the main trends in the world of cryptocurrencies in 2021. These are unique (non-fungible) digital tokens that confirm the ownership of various digital objects through records in the blockchain, such as texts, images, digital works of art, game assets or characters, club cards, etc.

Each member of the blockchain network can issue NFTs. Originality, the reputation of the creator, and demand in the market are the factors that determine the value of NFT. Some NFTs in 2021 and 2022 were bought and sold for tens of millions of dollars.

Cryptocurrency casinos, like the entire GameFi industry, are rapidly adopting NFTs. They can issue and draw NFTs to customers with a variety of functions, from being used as gambling chips to being eligible to participate in casino management. NFT projects combine business with pleasure, i.e., playing games with gaining profit, and the blockchain makes this model decentralized and transparent..

The player can receive rewards for using project tokens as payment, then exchange them for another cryptocurrency or fiat money on trading platforms. NFTs can be used in virtual worlds, metaverses to buy digital items and even virtual plots of land.

Cryptocurrency casinos and lotteries give players the opportunity to participate in this promising and intriguing world, which is developing right before our eyes!

7. Possibility of direct engagement with the community of crypto enthusiasts.
Communication with like-minded people is an important component of any game process, whether it is a game of chess or blackjack. Crypto casinos are considered leaders in providing access to gaming solutions that allow you to freely communicate with croupiers and other players. Players have the opportunity to fully immerse themselves in the atmosphere of a real casino, while maintaining anonymity, personal, and financial security.

It is quite logical to assume that people who are familiar with cryptocurrencies will play in cryptocurrency casinos and lotteries. This means that you have the opportunity to receive the most valuable and up-to-date information about cryptocurrencies, NFTs, and how they are used, stored, invested, and multiplied.

So, let's play, have fun and learn new things in the exciting world of cryptocurrencies. It is hard to imagine a more attractive way of spending time for blockchain and crypto fans. For everyone else, there are at least six reasons to try a game in cryptocurrency casinos and lotteries. We invite you to try Lotterium, one of the most modern, safe, and impressive cryptocurrency lotteries. Want to know more? Visit our website or read "5 reasons to play Lotterium, the online cryptocurrency lottery".