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Why You Should Use an E-Wallet When Gambling Online

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e-Wallet

Thanks to the internet and technology, we all can play casino games anytime we want and wherever we are. Playing casino games remains to be the favorite hobby of many people, and in times like this, when the world is dealing with a pandemic, playing online is the safest way to continue this kind of hobby or entertainment.

Now, when it comes to playing online casino games, convenience always plays an important role. Part of this is ensuring that you safely make a deposit to your account and easily get to withdraw your winnings whenever you want to. 

When it comes to payment options, there are many that you can choose from. However, there’s one payment method that you should give a try if you haven’t tried it yet. It’s making use of an e-Wallet to make a deposit. Nowadays, there are many PayPal Casinos and other casinos that process payments made with e-wallets. If you haven’t tried it yet, here are great reasons why you should.

What is an E-Wallet?

Before we let you know what the benefits and advantages are, you first should understand what e-wallets are. An e-wallet sounds exactly what it is. It’s an online or digital wallet. This is where you can store your money electronically. This is also what you can use with most of your online transactions including purchases and sending money to other people who also have e-wallet accounts. 

Fortunately, many online casinos already have this payment option. Most online casinos offer this payment option through platforms like PayPal, Neteller, Skrill, Venmo, Google Wallet, Snapcash, and many other more. 

The Advantages of Using an E-Wallet When Gambling Online

Now that you know what an e-wallet is, here are the advantages of using any of them.

  • It’s easy and convenient

It’s so easy to sign up with these online platforms. However, you may need to follow a verification process and this is something good. Most e-wallet platforms would only allow you to create one account with them to make sure that all accounts are genuine.

You may need to disclose your personal information when signing up with them. Of course, to be able to make a deposit to your account, you will also have to enroll your bank information. This may sound scary to some, but this is only something that you have to do once. These platforms are much secured and you don’t have to worry about it.

  • It’s safe and secure

These e-wallets are encrypted so you can be sure that your transactions with them are safe and secure. Since you’ll need to follow a verification process to activate your account, you can be sure that these platforms prioritize your safety as a user. You can also use your e-wallet for other transactions and this makes it safer for you because you won’t have to keep on disclosing your banking information to all the websites you will be transacting with.

  • It gives you privacy

For most e-wallets, you will only need your e-mail address every time you make a transaction. Some e-wallets will only need you to disclose your wallet ID. This way, you don’t have to disclose your banking information to the online casino operators. It gives you privacy and your actual bank won’t get to track your gambling activities too. 

That is something that many online casino players want because there are banks that are very strict when it comes to any gambling-related transactions. It could be very frustrating for many people to directly use their bank accounts when gambling online and so using digital wallets or e-wallets makes things less hassle or even hassle-free. 

  • Transactions are made quick

Transactions made with e-wallets are processed instantly. If you will need to send money to a wallet address, the money you send will be processed in just a few seconds. This is even if your transaction is gambling-related. For some banks, such a transaction might take a few business days to be processed because approvals are necessary. This is something that you don’t have to deal with when you are using e-wallets.

Many online casinos are based offshore for good reasons and even if that is the case, you can still use your e-wallet to make a payment overseas. You can also easily convert your money to a different currency. However, know that most of the time, e-wallets have their own currency exchange rate and this is typically lower than the actual exchange rates.

Image by Gino Crescoli from Pixabay

Crypto

BNB Price Surges Past $300, Faces Crucial $339 Hurdle: What’s Next?

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BNB price has noted significant gains over the past few days, surging past the psychological resistance of $300. The native cryptocurrency of the Binance Exchange has surpassed Solana to regain its position as the fourth-largest cryptocurrency by market cap. The digital currency has been rallying lately with a 7-day profit of more than 15%. Additionally, BNB has clocked a phenomenal gain of 38% in the month to date.

Binance Coin Outlook

BNB price has been on a strong bull run for the past week, breaking out of its consolidation. Even so, the asset has experienced a correction in its uptrend over the past 24 hours but remains above the crucial level of $300. BNB’s total market cap has decreased by 4% over the past day to $48 billion, while the total volume of the asset traded over the same period dipped by about 15%.

Over the past year, Binance Coin has had to cope with Fear, Uncertainty, and Doubt (FUD)  on the back of the regulatory troubles of its underlying exchange. Earlier, the BNB price touched a low of $223.50, a few days after its former CEO, Changpeng Zhao, pleaded guilty to money laundering charges. However, the cryptocurrency has managed to rebound 46% in value since then.

The recent price rally has been associated with various positive developments in the Binance ecosystem, including the Introduction of the Isolated Margin Auto-Transfer Mode. This feature enables…

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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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