Hybrid Bitcoin Casinos or Bitcoin-Only Casinos - Which Are Better? - Global Coin Report
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Hybrid Bitcoin Casinos or Bitcoin-Only Casinos – Which Are Better?

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The rise of cryptocurrencies over recent years has had an impact on several industries. Gambling is one such industry, and many of the best online casinos offer Bitcoin as a payment method

Some of these casinos work exclusively with cryptocurrencies, while some are more traditional gambling sites that simply have integrated crypto on top of their fiat options.

This post will take a look at the advantages of joining a Bitcoin-exclusive casino on the web versus picking a hybrid one.

Advantages of Hybrid Bitcoin Casinos

Let’s start with the hybrid Bitcoin casinos. Usually, those are traditional gambling platforms that have been around for a long period of time. 

They offer classic payment methods such as Visa, PayPal, Skrill, and similar. At some point, they decided to add Bitcoin and potentially other cryptocurrencies to their portfolio. 

If you decide to join an online casino of this type, you will be able to enjoy the following benefits.

Lower Risks

Such online casinos often have a strong reputation and are licensed by respected gambling commissions such as the UK Gambling Commission, the Malta Gaming Authority, and similar regulators.

They are known for protecting the customers and monitoring all actions of every single casino. Your money and personal data will be safe with most casinos backed by such a name in the industry.

In comparison, BTC-exclusive operators are usually regulated by offshore gambling commissions that are not on the same level.

Better Products and Higher Variety

Another advantage of the experienced hybrid casinos that work with Bitcoin is the quality of their products. They use the services of some of the best studios on the market and offer the best games available. It could be slots, card games, live casino tables, video poker, you name it.

On top of that, the variety usually is much higher compared to Bitcoin-only casinos. Many of the leading platforms out there can offer hundreds of different titles. You would struggle to run out of fresh games to pick from and new options are added all the time.

Other Payment Options

The option to pick different banking methods could be useful. You can make deposits or withdraws with Bitcoin, but decide that you need the money in your credit card or something else in a certain situation. It’s handy to have a choice between many reliable providers.

Advantages of Bitcoin-Only Casinos

Your other option would be to pick a Bitcoin-only casino. This means that the gambling platform will only use BTC and potentially other cryptocurrencies. You won’t have access to mainstream banking options that work with fiat currencies.

Here are the main reasons to do that.

No Country Restrictions

Certain countries like the USA, for example, have restrictive online gambling laws. They don’t allow local citizens to use the services of internet casinos, so most of the traditional sites simply don’t accept such players.

This is not a problem for BTC-exclusive casinos. The unclear status of cryptocurrencies in most parts of the words makes them the perfect option for players from restricted territories.

No Personal Information Required

Many Bitcoin casinos won’t require you to add personal information or go through boring Know Your Customer (KYC) procedures, unlike the hybrid casinos. You can simply open an account using your email or in some cases, you don’t even have to do that.

You can stay completely anonymous and that’s one of the core advantages of Bitcoin in general.

Smaller Minimum Bets

If you have a small gambling bankroll and don’t want to take big risks, you should probably pick Bitcoin-only online casinos. Most of them come with lower minimum wagers, so you will be able to last longer if you have limited funds.

Conclusion

There’s no right or wrong choice here. The hybrid Bitcoin casinos offer a better service overall and they are safer on average. However, the exclusive crypto gambling sites are available to players from all over the globe and are often anonymous.

Picking either option depends on your personal needs and requirements.

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AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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The Pros And Cons Of Cryptocurrency

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Many facets of our lives are now digitized––money is no exception. 

Have you noticed that paper money is on its way to being obsolete because so many people receive direct deposit and love the simplicity of their debit card? 

Not to mention, cash carries germs, as we’ve heard lots about during the pandemic. Many businesses have turned to card only options in light of this. 

But what about cryptocurrency?

You probably heard everyone raving about it a few years ago, but the excitement’s calmed down quite a bit. That doesn’t mean that it’s not a viable option you should keep in mind. 

What’s Cryptocurrency? 

Let’s start with the basic definition of cryptocurrency so we’re all on the same page. Cryptocurrency utilizes cryptographic methods and complex coding systems to encrypt sensitive information during data transfers. This protects your funds and personal information on a whole different level. 

These transactions are virtually impenetrable due to the combination of mathematical and technological protocols created and put in place. This aspect of cryptocurrency is what makes it safer. Also, the details of transactions are kept private. No one can see who sent what, etc., because those rigorous mathematical and technological protocols protect it.

The Pros: 

Different From Traditional Banking Transactions

One thing people hate about traditional banks is the fact that they can…

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