Crypto gambling sites are websites that only accept Crypto Currencies for deposits and withdrawals. The benefit of it is that withdrawals from such sites are usually processed instantly or within hours. In addition, the deposit fee and/or the withdrawal fee can be lowered to the minimum because many Crypto currencies allow their users to transact with a minimum fee.
The benefit for the owners of such sites is the fact they don’t need to worry about the depositor charging back the deposit (because unlike credit card with Crypto the deposit is irreversible). Moreover they don’t need to worry about large transaction costs – everything is under control and there is no “Visa” or “Mastercard” as intermediary in the middle.
Crypto gambling websites rely on Crypto currencies to process all transactions, and currencies such as Ripple or Doge allow the sender to send any amount they like for a fee that is less than a few cents! Imagine depositing $5,000 for a fee of $0.05! Before Crypto Currencies came into this world such deposit with a credit could cost $50 or more! These days are now gone!
Overall, the use of Crypto currencies in crypto gambling websites creates a win-win situation for both sides, i.e. both the depositors and the owners can concentrate on making the most out of the site instead of worrying about issues that could only rise with non-Crypto casinos (e.g. ones that accept a credit card for a deposit). The use of Crypto currencies is beneficial not only in the gambling world but generally in any other financial aspect likewise.
