SmartPokies says crypto casinos are on the rise

The global crypto gambling market surpassed $150 billion in 2023, growing 10% annually, with 1 in 5 Aussies using crypto daily.

More and more people around the world are starting to gamble using cryptocurrency. In 2023, this type of gambling was worth more than $150 billion, and it’s expected to grow by at least 10% each year. In Australia, many adults — about 1 in 5 — now use at least one kind of cryptocurrency even in their daily lives. There are also more online casinos that accept cryptos because players like how easy and private they are.

Why players are turning to crypto casinos

SmartPokies experts know lots of reasons for crypto casino booming. The most important are:

• Faster Transactions: Cryptos facilitate transactions in a few minutes. In contrast, traditional banking methods can take up to 10 business days. Wouldn’t you agree? That’s quite a compelling argument!
• Increased Privacy: The best options from the list of casinos in Australia allow gamblers to be somewhat anonymous, which is not possible with conventional platforms that require elaborate information on personal details. By the way, this anonymity is especially appealing in regions with restrictive gambling regulations.
• Lower Fees: Transactions made through cryptocurrency are much cheaper compared to any fees for credit card or bank transfers. This could be a cost-effective alternative for those who gamble frequently.
• Global Access: With new crypto casinos, you can gamble at international platforms without facing the usual financial limitations or currency conversion fees that come with fiat money systems.

Australia’s crypto casino surge

In Australia, where online gambling is heavily regulated, crypto casinos offer a workaround for players seeking access to a broader range of options. Crypto allows Aussies to wager on international sites that may otherwise restrict traditional currency payments, making it easier to access diverse games and promotions.

Approximately 70% of global crypto gamblers prefer Bitcoin, and Australia is no exception. SmartPokies reports that the interest in Bitcoin and other crypto-supported casinos has risen significantly over the last year, especially among younger Australians who are more comfortable with digital currencies.

SmartPokies’ role in the shift

SmartPokies actively follows the growth of crypto casinos Australia and does its best to constantly update the list of recommended platforms. How it works: SmartPokies posts reviews of crypto-friendly options and this way, players can confidently use new platforms that provide safe and secure gambling. Moreover, the team reviews casino games, including those from famous game providers, such as NetEnt, BGaming, Pragmatic Play, etc.

Future outlook

Now, a number of casinos are starting to accept cryptos, which means they are likely to become even more popular. Basically, these platforms give players a chance to gamble safely and privately, anonymously even. It has to be pointed out that new technology and people’s interest in crypto gambling sites are getting bigger and bigger, so in the future, we can expect an even larger number of available crypto casinos on the web.