Cryptocurrency
Cryptocurrency and Online Gaming: Upsides and Downsides
At this moment in time, everyone and their dog must have heard about the power of Bitcoin. People turn to crypto for quicker and more private transactions. On the other hand, players turn to online gaming platforms for their easy accessibility.
Besides making waves individually, cryptocurrency and online gaming have crossed paths on many platforms. Consider a casino like ReelCrypto, with hundreds of thrilling games that allow players to transact using Bitcoin and other forms of cryptocurrency.
This growing trend raises many questions. Why do some players prefer using cryptocurrency on online gaming sites? What are the upsides and what are the downsides?
Upsides of Crypto in Online Gaming
The integration of Bitcoin, Ethereum, and other cryptocurrencies in online gaming delivers several significant advantages. Here are some of the main ones:
- Anonymity and Privacy
Whenever the discussion is about crypto, there’s always word about anonymity and privacy. These digital coins still bring this substantial advantage to online gaming platforms.
Unlike credit cards or bank accounts, cryptocurrency transactions do not require personal information. Players only need to provide a wallet address. This extra layer of privacy is invaluable to many. Some players prefer discreet gaming, and crypto gives them that luxury.
- Lower Transaction Fees
Traditional payment methods usually demand fees that can eat into players’ gaming budgets. That’s not the case with cryptocurrencies, as these costs are significantly reduced. Most crypto transactions require a minimal network fee, making it a cost-effective option. Players can then spend more on what they enjoy, gaming, rather than losing money to transaction fees.
- Speed and Ease of Transactions
One of the pain points online gamers face is waiting hours and sometimes days to withdraw funds. Bank transfers, for example, take multiple business days. Some e-wallets allow instant transactions, but it’s fiat, which can easily take hours. Cryptocurrencies eliminate this problem by allowing near-instant transactions. Whether players are funding their accounts or cashing out winnings, the process is quick and straightforward.
Downsides of Crypto in Online Gaming
The upsides of using cryptocurrency in online gaming are clear: greater privacy, lower costs, and faster transactions. Now, let’s consider the downsides below:
- Regulatory Hurdles
The regulatory environment for cryptocurrencies is still evolving, which poses a challenge for online gaming platforms supporting digital currencies. Different jurisdictions have varied stances on the legality of using Bitcoin and other altcoins for gambling, among other activities. For this reason, many crypto online gaming platforms can’t operate on a global scale. Also, many players will be skeptical, not wanting to go against the law.
- Fraud Prevention
Cryptocurrency transactions are irreversible, and that allows for potential fraud or theft. For instance, a player can sign up on a fraudulent gaming platform, and if they send coins, they can’t get them back. That’s why ensuring playing at reputable and secure platforms is vital.
Bottom Line
Crypto has brought substantial improvements to how players transact on online gaming platforms. These benefits foster the increasing integration of cryptocurrency options in the online gaming industry. However, there are security issues to be resolved.
crypto casino
Jackbit Gains Traction Among Crypto Casino Users for Instant Withdrawals, Zero KYC Requirements, and a Streamlined Gaming Experience
Jackbit, operated by Ryker B.V., has been named the leading instant withdrawal crypto casino of 2025, following a quarter of consistent growth in user activity and praises across major gambling forums/aggregator sites. Industry stakeholders attribute this momentum to two key factors:
• Increasing demand for anonymous, user-controlled environments.
• The platform’s integration of fast, no-verification withdrawals with a competitive, multi-category game offering.
Launched in 2022 under a Curaçao license, Jackbit supports a wide range of cryptocurrencies and continues to get noticed by crypto users for its stable performance, cross-chain support, and user-friendly design.
Why is Jackbit Becoming the Preferred Crypto Casino in 2025?
Although a relatively recent entrant in the crypto casino space, Jackbit is increasingly being identified by users and industry observers as outperforming several long-established crypto casino platforms in key operational areas.
The platform has drawn particular attention for its no KYC crypto casino approach, which enables access with fewer entry barriers compared to competitors that continue to enforce tiered KYC protocols and withdrawal restrictions.
Users have also noted Jackbit’s broader multi-chain integration, which enables smoother transactions across a wider range of blockchain networks, an advantage over single-chain platforms that limit flexibility.
Stability is another area where Jackbit is frequently cited, with consistent uptime and minimal service interruptions reported, particularly during high-traffic periods. In terms of interface and usability, the platform has been described as more intuitive and responsive than many legacy crypto casinos.
Its support infrastructure, featuring 24/7 multilingual assistance and faster response times, has further contributed to positive user sentiment. Collectively, these factors are positioning Jackbit as a preferred crypto casino among privacy-conscious.
Jackbit’s key features reportedly align with the evolving expectations of crypto casino players.
No KYC Model: Operating as an anonymous crypto casino, Jackbit allows users to register and withdraw without providing identity documents, a policy that stands out amid tightening verification norms across the sector.
Instant Transaction Processing: Reports from active users indicate that both deposits and withdrawals are typically completed within minutes, including during periods of high traffic.
Expanded Crypto Support: The platform accepts over 20 cryptocurrencies, including BTC, ETH, USDT, LTC, and XMR, offering broader access than many competitors.
Extensive Gaming Portfolio: Jackbit features more than 7,000 slot games, 200+ live casino titles, a fully integrated sportsbook, and a range of exclusive mini-games.
Mobile Compatibility and App Access: The service is fully optimized for mobile use, with a dedicated app available for enhanced performance and accessibility.
24/7 Multilingual Customer Support: Assistance is available at all hours via live chat and email, with support offered in multiple languages.
No-Wager Rakeback Program: Jackbit’s rakeback structure offers instant returns without wagering requirements, with no maximum limit on earnings.
Crypto Support and Payment Flexibility
Jackbit has been admired by plenty of crypto users for its broad cryptocurrency support and flexible payment infrastructure. The platform accepts over 20 digital assets, including Bitcoin, Ethereum, USDT, Litecoin, XRP, Monero, and Dogecoin, as well as stablecoins such as USDC and DAI.
This wide coverage allows users to transact in the currency of their choice, with minimal friction. Both deposits and withdrawals are processed almost instantly, according to user reports, and remain consistent even during peak activity.
Jackbit operates under a Curaçao gaming license, adhering to regulatory standards while offering a model that prioritizes user privacy. As a best crypto casino, the platform does not require identity verification, allowing users to play and withdraw funds without submitting personal documentation. This no KYC approach has been cited as a key factor behind its growing user base.
The post Jackbit Gains Traction Among Crypto Casino Users for Instant Withdrawals, Zero KYC Requirements, and a Streamlined Gaming Experience appeared first on Gaming and Gambling Industry in the Americas.
As cryptocurrency adoption surges worldwide—driven by landmark legislation and growing investor confidence—12BET, continues to lead in embracing digital innovation. Recent U.S. Congressional moves to pass crypto-focused legislation, alongside India’s evolving regulatory stance, mark a global shift towards mainstream acceptance of digital assets.
12BET, a pioneering name in the igaming world since 2007, invites crypto users to experience fast, secure and flexible transactions through its wide range of supported cryptocurrencies. Players can choose from the widely used USD-pegged stablecoin USDT (Tether), Bitcoin (BTC), Ethereum (ETH) and the community-favourite Dogecoin (DOGE). These crypto-friendly payment options ensure seamless access to 12BET’s full entertainment portfolio—meeting the expectations of a new generation of tech-forward players.
“As cryptocurrency continues to reshape how people handle money, we’re proud to give our players modern payment options that reflect our values of fairness and transparency. We’re building a platform that moves in step with global innovation and player-first features,” said Rory Anderson, spokesperson for 12BET.
To celebrate this growing momentum, 12BET is offering all eligible users a spin on their Lucky Wheel, with prizes including an iPhone 16 Pro Max, a 2.5g 999 gold bar and a DJI Osmo Pocket 3—available for a limited time.
This move comes amid growing global crypto adoption, with recent legislative efforts like the GENIUS Act and CLARITY Act in the US, and increased regulatory clarity in markets like India. As the global crypto market surpasses $4 trillion, 12BET is doubling down on its mission to deliver a future-ready, player-first gaming experience.
The post 12BET Goes Crypto with Big Rewards appeared first on European Gaming Industry News.
British rapper Dizzee Rascal has become the new brand ambassador of Playbet.io.
This exciting brand partnership will see Dizzee Rascal connect with Playbet’s growing audience and bring his infectious personality to the forefront through exclusive Playbet-branded content and a number of live streams.
With a career spanning over two decades, multiple chart-topping hits, and a reputation for electrifying live performances, Dizzee Rascal continues to push boundaries and influence global music and popular culture, cementing his status as a true icon in the industry.
The partnership between Dizzee Rascal and Playbet.io is a powerful alignment of bold innovation and cultural relevance. As a trailblazer in the UK grime scene, Dizzee Rascal has consistently pushed creative boundaries, much like Playbet.io is doing in the world of crypto gaming with its cutting-edge platform and disruptive approach to online entertainment. Both are known for challenging the status quo, connecting with a global, digital-savvy audience and staying ahead of the curve. This brand ambassadorship will unite two forces that embody energy, authenticity and the future of their respective industries.
“I’m excited to partner up with Playbet and be a part of this groundbreaking experience. I love to be a part of anything innovative and Playbet are doing big things globally, as am I. Let the games begin!” Dizzee Rascal said.
“We’re thrilled to announce our partnership with one of the most legendary names in the music industry, Dizzee Rascal. A true icon of success, Dizzee has captivated millions of fans worldwide, and we’re proud to welcome him as the newest ambassador for Playbet.io. This collaboration marks an exciting chapter for us, and we’re confident it’s going to be a hit,” Miguel Almeida, Chief Marketing Officer of Playbet.io, said.
The post British Rapper Dizzee Rascal Becomes Brand Ambassador of Playbet.io appeared first on European Gaming Industry News.
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