The majority of French online gambling, sports betting and casino sites now favor crypto-currencies. But which are the most commonly accepted?
The online casino sector in France has largely embraced blockchain technology, mainly offering payments in crypto-currencies. These methods, particularly Bitcoin in the online casino, are valued for their reliability, speed and ability to overcome geographical barriers. Upon registration, platforms also often offer attractive bonuses in the form of crypto-currencies, increasing the chances of winnings.
This growing adoption of crypto-currencies in the gambling industry allows players to benefit from greater flexibility, speed and security in their transactions, including the crucial issue of anonymity (your identity and personal information are protected), but also from reduced fees (usually a few euro cents per transaction), worldwide accessibility, exclusive bonuses, and the use of advanced technologies.
As a reminder, Bitcoin, for example, is a decentralized currency, with all transaction data stored in an electronic payment system, the BTC, with a decentralized registry system. As a result, players' payment information is not divulged, as crypto-currencies are based on the blockchain enabling a high level of confidentiality.
Here are some of the most widely recognized cryptocurrencies in this field:
- Bitcoin (BTC): as the first crypto-currency, Bitcoin generally enjoys a solid reputation for reliability and security, which explains its massive adoption by online casinos.
- Ethereum (ETH): highly prized, Ethereum stands out for its smart contracts, enabling fast, secure transactions. Payout fees are often minimal at many casinos.
- Litecoin (LTC): nicknamed "digital money", Litecoin is appreciated for its speed and efficiency, being widely accepted in online casinos.
- Tether (USDT): this crypto-currency stands out for its stability, linked to the US dollar, which is an asset for players outside Europe.
- Cardano (ADA): known for its speed and reliability, Cardano is also a payment method increasingly used in online casinos.
Don't forget that these cryptocurrencies are highly volatile, so always use them with caution.
