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People who choose to hold their own cryptocurrency can store it "hot," "cold," or some combination of the two. A hot wallet is connected to the corresponding web-site internet and allows owners relatively easy access to their coins so that they can access and spend their crypto. The trade-off for convenience is potential exposure to bad actors. Privacy: Using cryptocurrency to gamble with provides players with a higher degree of anonymity. Due to cryptocurrency being decentralized it is harder to track transactions. You will also not be required to provide as much personal and financial information to the casino site. The degree of anonymity will depend in part on the particular casino you are playing at. Casinos are often required to get a certain amount of information to meet KYC (Know Your Client) requirements for licensing. Online sites that are exclusively crypto tend to require less information.