Cryptocurrencies have become an integral part of today’s society. More and more people are using digital currencies to pay, save, and invest online. Cryptocurrencies offer many advantages, including speed, security, and transparency. However, there are also risks such as volatility, fraud, and cyber attacks. That’s why there are still many people who say that they are far from cryptocurrencies and that cryptocurrencies are only for criminals. But that’s not the case.
Paying with cryptocurrency is not only used in stores, but is also a growing trend in the world of online casinos. Cryptocurrencies such as Bitcoin, Ethereum, and Litecoin offer several advantages over traditional payment methods. Cryptocurrency trading is fast, secure, anonymous and cheap. Moreover, cryptocurrency allows you to benefit from price fluctuations, allowing you to profit from your casino balance without playing any games. Crypto casinos are therefore ideal for players looking for a modern and exciting way to gamble online.
Cryptocurrency has been a popular payment method for some time, but other options like Revolut are also becoming more popular. Revolut is an app that allows you to send, receive and spend money in various currencies. You can also work with cryptocurrencies within Revolut, so it’s a good alternative to just cryptocurrencies.
Why use Revolut instead of a cryptocurrency wallet?
Some people prefer Revolut because it makes payments easier or they don’t want to delve into the complicated world of cryptocurrency. Other people choose cryptocurrency because they see it as an investment or because they want more privacy and autonomy.
According to Revolut’s own report based on data from users around the world, the number of people buying cryptocurrency through the app increased by 51% in 2020. The report also points out that the Netherlands is the fourth country where the cryptocurrency is most popular among Revolut users, following Ireland, Switzerland and France. This means there is a large overlap between Revolut and cryptocurrency users, and both options are being embraced.
It is a logical conclusion to say that Revolut can replace cryptocurrency as the preferred payment method. However, they can also be viewed as services that complement each other. Revolut makes the world of crypto a little more accessible as it is easier to use than complex crypto platforms like Binance and Kraken.
The fact remains that cash is becoming less and less accepted today and we are increasingly moving towards a completely cashless world. At the same time, we don’t want banks and tax authorities monitoring our payment behavior, so people are increasingly looking for anonymous options like cryptocurrencies or apps like Revolut. We can no longer ignore the fact that digital payments are here to stay. Fewer and fewer people have cash in their wallets.
Never heard of Revolut? Then a brief explanation will appear.
More about Revolut
Revolut is a company providing digital banking solutions since 2015. The company has become one of the most important companies when it comes to online payments. Although its head office is located in the UK, its banking license is issued in Lithuania. A card is a type of debit card that can be used to make payments by putting money into it. Once your credit runs out, you can no longer make payments. There is also a virtual version available for purchase online. Revolut is an increasingly popular payment method, including at so-called Revolut casinos in the Netherlands.
The benefit of using Revolut at online casinos and beyond is fast and secure transactions with no hidden fees or commissions. This card offers a variety of currencies and payment options to choose from. You can create an account in the currency of your choice. Revolut works with several online casinos in the Netherlands, allowing you to manage your gambling budget and keep a close watch on your gambling activities.
Revolut en cryptocasino’s in the Netherlands
So-called cryptocurrency casinos can be easily found online. Cryptocurrency casinos are online casinos that accept cryptocurrency as payment. They usually offer the same games as traditional online casinos, including slots, blackjack, roulette, and poker. The biggest difference is that it uses cryptocurrency rather than ‘normal currency’. It’s an easy and anonymous way to gamble online.
However, crypto casinos are not all regulated. This means they are not subject to the same safety and security standards as traditional online casinos. This can make you a target for scammers and hackers. Despite the risks, cryptocurrency casinos can be a fun and convenient way to gamble online. Make sure you do your research before playing.
If you use a traditional payment method, such as a credit card or bank transfer, your personal information will be linked to your transaction. This is not the case with cryptocurrencies. Founded in 2013, Bitcasino is one of the first cryptocurrency casinos in the Netherlands to only allow players to bet with cryptocurrencies. Other examples of casinos that accept cryptocurrency include Casino Empire and Planet 7. As mentioned earlier, there are many illegal cryptocurrency casinos out there, so be careful when playing.
Revolut, on the other hand, does not sign up with random casinos. Casinos that work together in the Netherlands must meet certain conditions, the most important of which is that the Dutch Gaming Authority has issued a license. If you want to play at a foreign online casino, check whether they have issued a permit from the MGA, UKGC, etc. or are licensed by Curaçao.
According to Casinotopsonline, Revolut is a good alternative to cryptocurrency.
Why is Revolut a good replacement? Ideal for those who are new to cryptocurrency and are looking for an easy-to-use way to gamble online using both fiat currency and cryptocurrency. Although it may not be important to everyone, Revolut’s cards are very beautiful. Revolut’s transaction fees are currently 1.5% regardless of whether you are buying or selling cryptocurrency. If you look at average market costs, this is quite low.
Setting up an account is simple and quick, and you can watch educational videos on their YouTube channel and website. Other cryptocurrency companies sometimes take several weeks to verify new accounts. Revolut’s customer service is also very good, which isn’t always the case with other options. Revolut can be contacted at any time via chat, phone or email.
Most online casinos require a minimum deposit of €5 or €10 with your Revolut card, and there is also a maximum amount you can deposit. So check this carefully with your chosen casino before you get started.
Play or invest wisely!
If you want to start an online casino with a Revolut card or are looking for a way to take your first steps into the world of cryptocurrency, you should always remember that you should not invest money that you cannot afford to lose. Of course, buying Bitcoin for the first time or gambling for the first time in a casino can be exciting, but price fluctuations can be large, so watch carefully. Whether you choose Revolut or a cryptocurrency wallet, watch your spending closely and play or invest wisely!