Thanks to the continuous improvement of blockchain technology, many casino players are starting to recognize the value of Bitcoin and other cryptocurrencies for various applications. In the United States alone, more than 2,000 businesses accept Bitcoin, according to one estimate (2020). In addition, many companies worldwide use Bitcoin and other cryptocurrencies for investments, operations, and payments for products and services.
But none is more dramatically changed than the online gambling industry. Thanks to blockchain technology and Bitcoin, players discover a more exciting and secure way to play their favorite casino games online. In addition, it's becoming a popular banking option for players. So if you're still on the sidelines about Bitcoin gambling, check out why using Bitcoin is better at an online casino.
Private transactions
Most Bitcoin wallets don't require users to link their funds to their banking information or even real-world identity. So to buy Bitcoin or crypto or when funding your online casino account, players only need to set up a good crypto wallet, with some options not requiring an email!
By contrast, a specific payment option in an online casino requires your complete name, address, and mobile number to complete a transaction. Also, many licensed and registered casinos will ask for a scanned copy of any government-issued ID to discourage underage gambling and address attempts at money laundering.
But even if you aren't planning to do something illegal, there are still valid concerns why handing in your personal information may not be a great idea, like identity theft and other cyber security concerns.
Faster transactions
As casino players, we all want faster casino transactions. Topping up an account should be fast so we can instantly play the games we want, and withdrawal should be a breeze to enjoy our winnings fully. Bitcoin and other cryptocurrencies make it happen and more. Compared to wire transfers which can take days or even weeks (not counting the chance of getting declined), Bitcoin transactions are complete in a few hours or even minutes.
Some crypto casinos even advertise 'instant payments,' which means there are no waiting times! You can instantly play the casino game you want with a funded account.
Almost free to minimal fees
For some players, the appeal of Bitcoin payments lies in its almost free transaction fees. As a result, there's no need to worry about excessive fees traditionally associated with classic banking options. And if the casino charges specific fees, these are just minimal 'gas fees' to compensate for the computing energy needed to verify transactions on the blockchain.
In many top-notch Bitcoin casinos, fees range from 0.00003 BTC to 0.00003 BTC, with the former as the current withdrawal fee at Pasino.com.
Opportunity to play exciting and provably fair games
Bitcoin casinos are your regular online gambling sites with a few extras. In addition to its support for Bitcoin and other cryptocurrencies, Bitcoin casinos are also home to some original and provably fair games. These casinos feature classic online casino games like slot machines, blackjack, baccarat, roulette, and poker, with a section for live casino games. But you can also find simple yet exciting Bitcoin-ready games. For example, you can play Bitcoin Crash, Plinko, and Bitcoin Minesweeper. Compared to traditional casino games, these allow you to verify the game results for transparency manually.
Bitcoin gambling is the future of online casinos, and it's ready to provide you with the entertainment you deserve. The underlying blockchain technology and the cryptocurrency not only secure and protect your payments but also opens up a whole new generation of games.
If you haven't checked out BTC or tried gambling with cryptos, it's never too late to join the trend and enjoy its many perks and benefits. Just remember, gambling with Bitcoin is similar to traditional online casino gambling: results are at random, and the house always retains an edge. Hence, it pays to play responsibly at all times.
