There is a lot of buzz around the world of cryptocurrencies, and a huge number of retailers are now allowing people to use cryptocurrency. People can deposit into gambling sites, buy coffee, and even trade stocks and shares using cryptocurrencies now.
As with any market, competition tends to lead to promotions and bonuses. Businesses are keen to encourage new customers, which means that they might try to entice people with promotions. In this guide, we’re exploring some of the options for cryptocurrency users (or those considering getting started with a decentralized currency).
One of the industries that has driven significant growth in the cryptocurrency industry, and fully embrace decentralized currencies, is the world of gambling. Some estimates say that as many as 40% of gambling transactions now use Bitcoin and other cryptocurrencies.
One of the biggest upsides to cryptocurrency gambling is the fact that there are a lot of promotions. Some sites even offer bonuses if a player uses a specific, supported cryptocurrency, as well as up to 100% matched first deposit. Promotions are often better than those that are offered on non-crypto casinos, and some sites even offer referral bonuses when a player recommends the site to a friend. This is one of the main plus points on a secure crypto casino’s pros and cons list, but there are plenty of other upsides. For instance, the fact that cryptocurrency is usually very quick and easy to move around, making both deposits and withdrawals on a crypto casino quick and easy.
Another benefit is the anonymity that can come from using cryptocurrency. A lot of players don’t necessarily want to put all of their private details on the site, and with Bitcoin and other similar currencies, they don’t have to provide too much personal information.
One potential downside or ‘con’ of using cryptocurrency is the fact that the prices may go up and down while you are playing or holding the currency. Some of the options out there are quite volatile, but they also have the potential to go up. Taking advantage of promotions is also how some people choose to get the most out of their initial outlay.
The gambling industry is extremely competitive and anyone who is looking for a site to sign up to should think about how they may take advantage of promotions, plus the options these sites offer for transferring money.
Trading Stocks and Shares (and Cryptocurrency Itself)
A lot of trading sites have been early adopters when it comes to crypto. In fact, many of them allow people to trade crypto as well. Many of them provide signup bonuses when someone signs up and creates an account. One of these sites is Robinhood. Robinhood has over 20 million monthly users who can trade commission-free and buy and sell stocks and shares as well as other assets.
Their specific promotion for those who want to sign up with crypto is that they offer one free share of stock when you sign up. This value varies and could be anywhere between $3 and $225.
Webull is another site that has a similar offer. When somebody signs up they get two free stocks into their Webull account, and if someone deposits $10 or more they get one valued between $2.50 and $250, and one valued between $12 and $1,400.
Anyone who has an interest in buying and selling cryptocurrencies may already have an account on one of these trading platforms, but there are often other sites giving promotions people can take advantage of.
Crypto Wallets and Exchanges
Cryptocurrency wallets and exchanges are part of a whole new industry that has been brought about by the introduction of decentralized currencies. People can use their wallets to store their coins, move money around, and even give gifts in the form of cryptocurrencies.
There are a number of different wallets on the market, and some of them are tied to exchanges, too.
Once again, the competition means nobody should sign up for one of these exchanges without taking advantage of promotions. A lot of the wallets provide a free bonus upon opening an account. OKX offers one of the more generous bonuses but this is in the form of a mystery box and the value can vary hugely when someone signs up. Plus, people have to deposit $50 to be eligible to make any transactions.
Some people love hunting for bonuses and promotions, and other people would rather just get started or buy an item quickly. In this case, though, it always makes sense for people to check what promotions are available. Cryptocurrencies may open the door and entitle users to more bonuses, especially in industries such as trading and gambling, which have fully adopted crypto as a payment method.
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