Credit/Debit Card vs. Cryptocurrencies — Which is a Better Deposit Option?

If you like playing online slots and other casino games, you probably already know the procedure — you need to register at an online casino, deposit money, and use it to place bets. The thing with deposits and withdrawals is that they are often very confusing, as there are many payment methods that we can use. At the moment, people prefer using credit cards and debit cards the most. The next most popular option is eWallets such as PayPal, Neteller, and others.

However, people who enjoy playing USA online slots found out a couple of years ago that there is an even more convenient method of making deposits and withdrawals that online casinos quickly adopted — cryptocurrencies. Although the number of online platforms is still relatively low, this trend is becoming increasingly popular, especially with bitcoin.

In other words, credit cards and cryptocurrencies are probably going to become equally popular if everything goes as planned in the crypto industry. So which one is better then?

Credit Cards are still better at the moment as they offer fast transactions and relatively small fees. Many people use credit cards for all kinds of online transactions, so they are not going to be dethroned anytime soon. However, Bitcoin and other cryptos are based on the blockchain technology which is a cutting-edge type of technology that not only encrypts every transaction but also stores it in an immutable distributed ledger. That increases the security and safety of all transactions. Furthermore, fees are even lower when you use cryptocurrencies!

So what exactly is wrong with cryptos? Why aren’t they more popular than credit cards? Well, the technology is fairly new and there is still a lot to be explored and upgraded. For example, bitcoin can sometimes take up to half an hour before payments are processed, whereas credit cards are instant. Furthermore, cryptos are still very volatile, meaning that their price varies and changes often. For example, if you win $1,000 worth of BTC, you could end up having $500 worth of BTC the very next day. But you can also end up having $2,000 in BTC. In other words, people still consider it a gamble to use BTC.

Nevertheless, there are casinos such as Aladdin’s Gold Casino and Lucky Red Casino that have special slots bonuses and welcome offers for people who use Bitcoin and Mastercard, so make sure to check them out.