At the casino online, digital currencies are increasingly being used for financial transactions. Transactions are carried out thanks to blockchain technology, the advantages of which include the minimization of fraudulent actions. Such innovation is available to visitors of Bluechip casino, where a suitable payment instrument is selected at the moment of filling in the registration form.
The list of payment instruments is at the bottom of the main page. To get acquainted it is enough to click on “Payment Methods”. After that, all types of cryptocurrency wallets are shown, as well as detailed information on each of them. Minimum and maximum limits are published, as well as processing time of withdrawal requests.
List of Cryptocurrencies on Bluechip.io
The major cryptocurrencies on Bluechip.io include three ones:
- Ethereum;
- Bitcoin;
Before making a deposit, you need to create a suitable wallet. In each case, the instructions may differ. At the second stage, you need to top up your account by buying digital currency on one of the specialized exchanges.
Ethereum Digital Currency
One of the digital currencies in Bluechip casino is Ethereum. It gained popularity in 2015. It is used to eliminate intermediaries, privacy and security. Ethereum is a single decentralized platform where the source code remains open. It is based on blockchain technology. A block is created in 12 seconds. There are three advantages.
- Small commissions. In transactions, the management of the casino does not withdraw interest.
- Anonymity, where the personal data of the recipient and the sender are not traced. Such information is completely safe.
- Instant payments. The transactions are completed immediately. There are no delays in processing the request for withdrawal by the payment service.
The digital currency is liked by players who deposit a large amount.
Bitcoin at the Site Bluechip.io
Bitcoin is one of the most popular cryptocurrencies at Bluechip online casino, thanks to which anonymity and safe financial transactions are guaranteed. If the network is not overloaded, transactions are performed instantly. BTCs function on blockchain technology. It is characterized by the formation of blocks that make up a chain. Information is transmitted along this chain, and a cryptographic key is necessary to access it.
Visitors can play BTC at:
- slot machines;
- blackjack;
- baccarat;
- poker;
The collection remains the same as when using bank cards Visa. Only bets are made in the currency of the gaming account. Minimums and maximums are automatically transformed into BTC.
Transactions are anonymous. When filling out the request, users specify the wallet number and email address. Full name and bank card details are not required. Financial transactions are considered fully confidential because they cannot be consulted without the use of a cryptographic key.
Digital currency is not linked to dollars and euros. It is quoted separately according to the demand on the world market. Therefore, we can forget about inflation.
Tron Digital Currency
It is possible to use the cryptocurrency Tron in Bluechip casino India. Its exchange rate against the dollar changes almost daily. It is a system that is based on blockchain. It is positioned as an environment where content creators and their audience communicate directly. The currency is listed on dozens of exchanges, which include:
- Coinbene;
- Poloniex;
- Bitfinex;
- Bancor;
- Binance;
Coinbase does not support this type of digital currency. The code remains open during financial transactions.
Pros and Cons of Binance Coin
Visitors to Bluechip website can use Binance Coin – coins that can be purchased on a specialized exchange. It was founded in 2017. Until now, it remains the largest platform in the world where digital assets are sold and bought. Originally, Binance Coin was issued based on Ethereum.
There are statistics available for April 2022. Thus, there were over 1.4 billion transactions per second. By mid-May, a new record was broken. The value of the digital currency (against the dollar) doubled. There are four advantages.
- A unique policy of burning. To maintain the stability of coins, exchange owners reduce the supply at their own discretion.
- Recognition as a leading service token. In addition to making transactions, investing in a coin allows you to earn passive income. There are opportunities to pay bills, travel, entertainment, and gift certificates.
- Instant transactions. Binance Coin transfers are faster than Ethereum and Bitcoin.
- Minimal trading costs. They are achieved by providing discounts on commissions.
Unfortunately, there are disadvantages. One of them is the dependence on the exchange of the same name. The exchange rate for dollars is related to the reputation of the latter. Because of this, the quotation of coins is difficult to call independent.
The influence of regulators remains. So, in the long term, it is possible that the token could be influenced by regulatory authorities from the U.S. and China. Another disadvantage is the inability to guarantee stability. It is difficult to predict whether the performance will continue at the current level.
Conclusion about Casino and the Use of Digital Currencies
Young users with a gambling mindset can choose one of the digital currency options. By doing so, the security of personal data is increased. You can not be afraid of potential fraudsters. Another advantage is the absolute anonymity. When making transactions, only an email address is specified.
Bluechip Casino has other important advantages. For example, the official license of the island of Curaçao. Quick deposit and withdrawal of winnings are also guaranteed. Players mention good service. Newcomers and regular customers have guaranteed bonuses. The collection is compatible with computers and mobile devices.