Australian culture suggests that they are passionate about two things: cryptocurrency and gambling. As a result, it’s perhaps no surprise that crypto gambling has become a popular activity for many.
In terms of crypto adoption, Aus has been considered one of the major adopters of digital currency. A recent report found that approximately 20% of the nation’s population are said to own at least one type of token. The findings show that the country is one of the leading adopters, with the US (16%), France (9%) and Switzerland (19%) all being beaten.
Australia’s gambling industry is just as big. In 2022, it was reported that around three-quarters (73%) of Aussie adults had gambled at least once in a 12-month period. Almost two-fifths of those surveyed (38%) had admitted that they had gambled at least once a week. Therefore, the emphasis on being able to find safe online casinos to use has been heightened in recent years, as this allows the industry to grow as players are protected at all times.
With both being extremely popular across the country, it’s understandable to see why the two industries are beginning to merge together and become more attractive to those in Oz.
Why Should Aussies Use Crypto Casinos?
Cryptocurrency is known for offering several benefits. Although volatility is often the one thing that everyone associates with it due to the price changes that can be experienced, it can offer holders advantages that traditional fiat currency simply can’t provide.
Many of these positives can be enjoyed when they are used as part of an online crypto-gambling experience. Among them, they include:
Increased Safety
As mentioned, safety has become a key aspect of any online casino gaming experience. Cryptocurrency can provide this in a variety of ways. Casinos can often require individuals to use several personal details that are related to their identities and finances. Using digital currencies and casinos can limit this information as they don’t require as much information. They are designed with anonymity in mind, and use very few details that can help to keep players more secure when wagering.
Blockchain Usage
To increase security, cryptocurrencies are placed on the blockchain. The private ledger is extremely secure and can provide several benefits that fiat currencies can’t. Blockchain allows users to trace and track their transactions, allowing them to know where their money is and how it is being used. They can keep their details anonymous on the ledger while the entire system is decentralized. This protects players from fraudulent activities by ensuring their transactions are encrypted, making it harder for hackers to try to steal from them.
Faster Transactions
Everybody who plays gambling-based games wants the fastest transaction speeds possible. While it’s typically possible to make deposits in an instant with fiat currency, cryptocurrencies come into their element when it comes to withdrawals. They are much quicker – instantaneous in most cases – as they work on the blockchain. They do not require a third party to authorize or mediate the transaction, thus allowing them to be quicker. They can also be cheaper as processing fees may not be required.
New Gaming Experiences
Australian gamblers are always looking to enjoy new gaming experiences. While most enjoy pokies, a growing trend has involved many other types of games. Players continually demand the best sessions and want to enjoy something immersive. Cryptocurrency has had an influential role already, with crash games having been based on them. However, as we continue to see digital currency become even bigger across the iGaming industry, we could potentially see even more games and new authentic sessions become available.
Provably Fair Gaming
A unique feature of crypto casinos, probably fair gaming, has become possible when using cryptocurrency for wagering activities. As noted, the blockchain allows users to trace and track the transactions that they have made. It also allows them to verify the authenticity of a game. Players can use cryptographic keys to check the game’s fairness. The offered transparency ensures that a fair session is always enjoyed, protecting them from being cheated out of any potential wins.
Greater Accessibility
Given that almost 20% of the Australian population is said to hold digital currency, crypto casinos in the country can offer players greater accessibility. Some may not want to use typical fiat options as they may not feel safe or want privacy from financial institutions about their gambling activities. Cryptocurrency gives them an alternative that remains safe and keeps gaming private.
Australians Can Benefit From Cryptocurrency Gaming
As highlighted, several benefits exist when using cryptocurrency for gambling activities, such as playing pokies.
Given that Australians are among the adoption leaders, it would be wise for players to consider crypto casinos as an alternative when looking for safe, new experiences that can elevate the sessions that they are already enjoying.
