When slot machines – or one armed bandits as they were affectionately known at the time, thanks to the handle that had to be pulled in order to make the reels turn and the symbols fall into place – were first created in 1897, they were an instant hit. Charles Fey, the creator of the first ever slot called the Liberty Bell went on to make a lot of money from his idea.
They are just as popular now as they have ever been, as slots are used as a great way to relax, as a hobby, as something to look forward to, and even as a way to make money (although this is a rare thing in relative terms and should never be counted on!).
Yet, despite the fact that slots are perhaps even more popular now than they were a hundred years ago, changes are still being made to make them even better. Slot developers and online casino owners especially don’t want the grass to grow under their feet and they want to ensure they have the very best choice of games for their customers. This is where cryptocurrency comes in; if this can be used to pay for online slots that offer daily free spins, will that be a good thing?
What Are Cryptocurrencies?
Finding out what cryptocurrencies are can be either complicated or simple depending on how much you want or need to know. But knowing, at least a little, will help you to decide whether or not this is a route you want to take when it comes to your payment method online.
There are dozens of different cryptocurrencies, but the most famous of these is bitcoin which most people will have heard of because it literally made millionaires overnight! No matter which cryptocurrency you look at, it will be a purely digital currency, so there are no notes and coins. Using complicated codes that are called blockchains, the money can be moved from place to place and therefore used to buy products and services. Although the codes themselves are complicated, it only takes a click of the mouse to get the payment made – the codes are automated so you don’t have to know anything about how to create them, it’s all done for you when you need it.
Why Use Cryptocurrencies For Slot Deposits?
Since cryptocurrencies are not tied to any government and are therefore not attached to any exchange rate – they are the same all around the world – many people like the idea of using them. The problem is that they are not a practical way to buy things at the moment; you can’t go into the supermarket and get your week’s shopping using bitcoin, for example. Yet this is something that may well change in the future.
Right now, though, you can use bitcoin to pay for some (not all just yet) online casino games online slots. So it really can be an option, and if you have plenty of bitcoin and want to enjoy some gaming time, you simply need to find a casino that offers you this option. At the moment there aren’t a huge number of them, but as time goes on this number will certainly grow since it’s something that many people are keen to experience and online casinos will have noticed the trend.
Cryptocurrencies are great for paying for slots since they are secure, anonymous, and easy to use with lower fees; it won’t be long before they are an option on every internet gambling site.