Online casinos have been all the rage for the last 5-6 years. Leading jurisdictions and governing bodies regulate this legalized form of online gambling. In the past few years, many online casinos have added bitcoin to their list of payment methods. Given the popularity of cryptocurrencies, this should come as no surprise. While many still think that this makes it easier for casinos to get involved in illegal activities, the opposite is true. Operators add bitcoin to the list of payment methods due to its advantages over other currencies.
There are quite a few reasons why players prefer their bets to be paid with cryptocurrency. In this article, you will learn more about all the strengths of bitcoin online casino platforms. The main advantages include security, anonymity, the ability to play on the difference in rates, and special conditions that differ in each casino.
5 Reasons to Play Bitcoin Casino
There are many reasons to play with bitcoins. First, it is an anonymous, secure digital currency, and many operators have developed special bonuses and games based on bitcoins. These casinos are cost-effective, private, and paid platforms with instant payouts. The stakes are higher when playing with bitcoins due to the higher cost.
When it comes to Bitcoin, it’s all about security and privacy. When stored properly (for example, in cold storage), Bitcoin is probably the most secure digital currency. Your bitcoins should be protected by a strong password that is hard to crack. It makes Bitcoin an excellent option for online gamers. Compared to e-wallets and other methods, bitcoin is much more secure. For example, if hackers take down your favorite online casino, your credit/debit card information will most likely be stolen. It will not happen with Bitcoin as it is encrypted with a strong password that only you know.
All forms of gambling have a social stigma that keeps players away from online casinos. Using your credit/debit/bank account details may let others know that you are playing casino games. While most people do it for fun, casino games are associated with addiction. However, thanks to the anonymity of Bitcoin, this will not happen. With cryptocurrency, you can play all the casino games you want without being judged. And this is an essential factor for many online players.
Low Advantage of the Gambling Platform
Did you know that bitcoin casinos had a significantly smaller edge than regular online casinos? Some bitcoin slots come with an RTP of 99%, which is much better than the RTP of classic slot machines. Even though it is only a few points higher, it is crucial in the casino industry. If you are a poker player, you will be pleased to know that the rake is also reduced at the bitcoin casino. The bottom house edge is one of the main reasons why you should play with cryptocurrencies. After all, with it, your chances of winning are significantly increased.
No Transaction Fees
Since digital currency is not used for financial transfers, there are no transaction fees for Bitcoin, and they are lower than you would expect when using debit/credit cards. Everyone wins with low transaction fees.
If you request a withdrawal in BTC, expect it to appear in your wallet in 24 hours or less. While there is no instant pay, Bitcoin casinos are closed. Who wouldn’t want to see their winnings in their e-wallet in about an hour? It is the fastest withdrawal method and one of the main reasons. Bitcoin gambling is so attractive.
As you can see, there are quite a few reasons to play with bitcoins. Proven-fair gaming, near-instant payouts, low transaction fees, big bonuses, and low margins make cryptocurrency an attractive option for all players. Even though the graphics of most bitcoin casino games are not as good, you are sacrificing video quality for a higher chance of winning, and this makes cryptocurrency the winner in this competition. In this regard, it is safe to say that Bitcoin (and all cryptocurrencies in general) is the future of online gaming. If you own cryptocurrencies and love to play in an online casino, find a Bitcoin casino and enjoy all its benefits.