What Is Cryptocurrency?
It’s decentralized cash.
Essentially, it’s something that people assign value to other than paper. You may not be able to hold it in your hand. You may not be able to give Bitcoin cash to a retail cashier and expect change.
Crypto was invented in 2009 by some guy called Satoshi Nakamoto, a person nobody knows exists. The general idea was that money can be sent to places that previously had no way of receiving it. And in record time, no less.
What Is Cryptocurrency, Anyway?
It’s decentralized cash. Digital moolah. Computer coinz. Internet money. Come through, blockchain technology!
Essentially, it’s something that people assign value to other than paper. You may not be able to hold it in your hand. You may not be able to give Bitcoin cash to a retail cashier and expect change. But man oh man, you can make it rain like it’s the Great Flood IF you play your cards right.
Crypto was invented in 2009 by some guy called Satoshi Nakamoto, a person nobody knows exists. The general idea was that money can be sent to places that previously had no way of receiving it. And in record time, no less.
When I say that, I imagine a shepherd in Nepal who wants to send money to his kids in college. All it takes is three clicks on the mobile phone.
Cryptocurrency Wallets
E-wallets exist to keep your money safe. In the past, they were getting hacked on a regular basis, but times have changed for the better.
Still, the question remains: Can you get hacked? Well, yes, everyone is susceptible. Is that enough cause for concern? It depends on your authentications and security protocols.
And even if you make it easy for hackers to have a date with your wallet, they’ve probably got bigger fish to fry. In other words, avoid bragging about how rich you are if you want them off your back.
At the moment, the welcome bonus offers seem to be affected the most. In other words, players can now use both crypto and regular cash to snatch those incentives when they sign up. It’s a win-win situation. When you are out of money, you can use both reload bonuses. When you are out of free spins bonuses, you can just switch to depositing crypto to reopen those pretty casino games and free spins.