Earning bitcoins and other cryptocurrencies were easy last year as all you needed to do was to hold on to make vast fortunes. The market has changed in 2018 and now crypto enthusiasts are looking for new ways to earn money from cryptos. One of the most popular ways is by using Blockchain and smart contract based casinos. In this article, I will talk about how you can earn cryptocurrency on online gambling platforms that utilize this technology and you can find more information here.
Casinos started accepting Bitcoin payments 10 years ago and since then the numbers have increased dramatically each year. Crypto casinos now account for more than 10% total share of the gambling market worth over 40 billion dollars. During that short time, the increase in technological blockchain advances have been dramatic and are changing the face of the industry. They allow for many processes to take place which would be impossible without along with providing a level of transparency never seen before.
It is not just gambling with Bitcoin that is popular as many other types of crypto such as Litecoin and Ethereum are available at many operators. Smart contract based casinos using the blockchain ever have their own cryptocurrency to play the gambling games which can be instantly converted to other cryptos or fiat currency via an exchange.
Bitcoin and smart contract casinos make it possible to earn crypto without depositing through three different means. The first is via promotions such as no deposit bonuses that are available for sign up of a new player account. The second is through using casinos that have an attached faucet which pays out BTC for free over a set time period on the completion of a captcha form. The third is through investing in a smart contract casino that rewards players for holding their crypto by sharing revenue generated.
If you want you can try to gamble at Bitcoin casinos to attempt to earn BTC. What makes it an appealing proposition is the fact that they have lower odds than traditional platforms along with provably fair odds that are displayed on the site for anyone to check. It means you can be certain not to get ripped off along with giving you a higher percentage chance of winning.
Cryptocurrencies are seen as a long-term investment so if you are looking to make a fast buck, think again when it comes to this asset class. It is extremely volatile so if you get your timing of buying and selling incorrectly you can end up losing a lot of money. The potential of this new digital money is endless and predicted to become the world main currency in the years to come. Earning crypto now along with storing it safely for the long term is the best investment strategy.
Conclusion
Make sure you keep an eye on the ICO marketplace for new blockchain gambling companies. Carry out full research on each and invest in the ones that you think have the best chance of succeeding. If they do become a success it will be the best investment you will ever make but you should never go all in on this asset class.
