Almost 15 years ago, the first cryptocurrency transaction took place, the historic moment when the first cryptocurrency was introduced to the world. Although for several years this topic was rather elusive and did not attract the attention of a large audience, in the last few years the situation has changed dramatically.

Technological advancements are beginning to be greater, with innovations being introduced at a much faster pace, especially in Australia, where the TOP casinos on our list already offer this service. New generations come with different trends, with prevailing trends that people of all ages must adapt to because they are the building blocks of a future very different from the present yesterday.

One of the directions to which the innovation leads is related to the use of cryptocurrencies, which are no longer just theories or speculations, but represent a method of payment that is becoming more and more popular. It will soon arrive in the package of payment methods from all online casinos, but it will take a little longer.

Until then, here's what you need to know about this option, what pros and cons it comes with.

The benefits of using cryptocurrencies
The first reason to choose this payment method once it becomes available in online casinos is safety. Cryptocurrency is one of the most secure payment options, with transactions carried out using blockchain technology. With its help, all the places where this currency was used are tracked.

Another plus that paying with cryptocurrencies in the casino will have is the preservation of anonymity. This may vary depending on the country we are talking about, as in Australia an account can only be created if certain information is provided as required by applicable laws. Paying with cryptocurrency will come with a distancing of personal data, at least financially, as you will no longer have to, for example, reveal your bank account.

In the list of advantages of using cryptocurrencies is the absence of commissions and fees charged by third parties, as happens with some electronic wallets or banks. Also, the transaction only takes a few seconds and is a much easier system to use.

The disadvantages that cryptocurrencies have
The downside of this payment method at the moment is that it is not available to everyone, at least not even at the average level. This is true from a financial perspective, but also from the complexity that encompasses the cryptosphere. To be able to make the right investments, you need to do research, always be aware of the news, but also be lucky. Some people associate this field with scholarship because they have some pretty big similarities.

Also, once you start using cryptocurrencies, it's important to accept that there are fluctuations in their value. It can increase or decrease dramatically overnight. So, there are some pretty big risks in using cryptocurrencies, but they're not just when it comes to casinos, but in any other area where you're going to use them.

It remains to be seen how the crypto payment method will fare in iGaming, but it looks like it will be an option that will soon become available. In addition, it will benefit from increased popularity from the beginning, if we consider the current trends. But we won't know for sure until we get to that point.