Why Crypto is the best way to play at Ignition CasinoWhether you want fast deposits, withdrawals, or bonuses, you can't beat crypto when playing online.
This is a banner year for Ignition Casino. We’re delighted to sponsor the 2022 Gumball 3000 rally from Toronto to Havana, which starts May 27 and runs through June 3. And we’re very pleased about the latest additions to our list of accepted cryptocurrencies at Ignition. We were among the first online casinos to allow betting with Bitcoin, and now you can use other digital coins like Ethereum and Tether to play all of the great games on our menu.
It’s hardly a coincidence that both these things are happening at the same time. Crypto gambling goes hand-in-hand with the Gumball 3000 lifestyle – fast, fun and exciting. Here’s a quick look at what makes Bitcoin and other digital coins work so well, and how you can score some free bonus cash at Ignition Casino with our industry-leading crypto promotions. That’s right: free cash money, directly into your Ignition account.
What is Cryptocurrency?
Chances are you’re familiar with the most important invention in recent history. Cryptocurrency is a digital currency that you use to conduct transactions over a computer network. Introduced in 2009, Bitcoin was the first form of crypto; the decentralized nature of the currency means it’s not controlled by a bank, government agency, or any other central authority. This is because Bitcoin is built on an open-source platform. The code behind the software is available for anyone to see – and improve on, if they can. That’s exactly what’s happened over the last decade; Bitcoin Cash and Bitcoin SV are essentially updated versions of the original, while Ethereum, Litecoin and Tether each bring some different elements to the table.
All of the cryptocurrencies we accept at Ignition Casino work pretty much the same way. There’s the digital coin itself, and there’s the digital ledger (known as a blockchain) where all of the transactions are recorded and verified. High-level encryption is used to keep these coins and these transactions secure.
Fortunately, you don’t need to be a computer programmer to use cryptocurrency – although it helps to be internet-savvy. Online gaming with crypto is just as easy as using standard “fiat” currency to move funds around, but the technology makes it a lot faster and more reliable, as you’ll discover in a moment.
Crypto Benefits with Ignition Casino
Comparing cryptocurrency with fiat currency is like comparing video streaming with your old television set – if you ever had one. The benefits of crypto are truly game-changing. With no central gatekeeper in the way, you don’t have to worry about your transactions being blocked by a third party like a credit card company. This is especially important if you want to gamble online in the United States.
Taking out the “middle man” also makes your transactions go through much more quickly, with lower fees than you have to pay when you use credit cards or other methods. On top of that, you’ll find it a lot easier to move either very small or very large amounts of money using cryptocurrency. And as long as you follow the recommended guidelines at our Ignition Help center, your digital transactions should be even more private and more secure than standard transactions.
The benefits really start piling up once you take advantage of the crypto casino promotions here at Ignition. Our generous Welcome Bonus package grows even larger when you use cryptocurrency to make your first deposit; our Refer-A-Friend program also gives you more bonus money when your colleagues use crypto. Keep an eye on our Promotions page for additional bonuses you can claim throughout the year.
Big Money Items You Can Buy with Crypto
As you may have noticed, the drivers at the Gumball 3000 rally have some pretty nice cars – many of which were purchased using cryptocurrency. It’s not all “Lambos” either, although many of the early investors who made their fortunes on Bitcoin did end up purchasing Lamborghinis. That includes the first recorded instance back in 2013, where a Lamborghini Gallardo was bought at a California dealership using Bitcoin.
There’s more to crypto than just supercars, though. The whole point of Bitcoin and other digital coins is to use them as currency; you might remember way back in the early ‘10s when coffeehouses and pizza joints started accepting Bitcoin. Speculators have driven up the price of crypto since then, choosing to “hodl” their coins rather than put them in circulation, but it’s still the best way to purchase big-ticket items like real estate, jewelry, watches, precious metals, even yachts. Just make sure you’re conducting business with people you can trust, just as you would when spending large amounts of fiat currency.
How to Get Started
There are two very important tools you’ll need before you can start using Bitcoin or other digital coins: a cryptocurrency wallet, and an account at a cryptocurrency exchange. Your wallet is for conducting transactions, using crypto that you’ll purchase at the exchange. Unless you’re dealing with massive amounts of money, we recommend downloading a digital wallet to your mobile device. We also suggest using a regulated exchange rather than a peer-to-peer exchange or a Bitcoin ATM.
Now that you’ve been introduced to cryptocurrency and all of the great things you can do with it, there’s no better time to start your crypto casino journey here at Ignition. Sign up for your free account if you haven’t already, then try some of your favorite games for free using the Practice mode. Once you’re satisfied, make your first deposit at Ignition using any of our accepted digital coins, claim your super-sized Welcome Bonus, and start playing real money games like a Gumball boss.