Evidently, the gambling industry owes a great deal to cryptocurrencies as 80-90% of its annual revenue are due to the high number of cryptocurrency players. In fact, Bitcoin is now the preferred payment option of both online casino players and providers. Know more about its advantages and walk your way through Bitcoin casinos before registering.
Global Mode Of Payment
Bitcoin is now a global function. A large number of online casino operators now rely on Bitcoin as the main payment option for players’ deposit and withdrawal transactions. Online casinos powered by Bitcoin are also responsible for promoting safe and reliable online gambling wherever you are in the world. Moreover, the growing popularity of mobile-based gambling resulted in most online casinos to resort to cryptocurrencies and third-party payment providers like Skrill, and Neteller.
Safe, Cheap, and Fast Transactions
Aside from the wide coverage, Bitcoin also offers cheap, safe, and fast transactions. Its decentralized nature allows online casinos to create platforms that support users’ privacy and anonymity. The blockchain technology or the public ledger where all the transactions are recorded ensures that cryptocurrency transfers to and from online casinos only occur between two sides. It’s fast and direct; no one can control or manipulate your transactions.
Bitcoin’s Volatility
With such volatility in the cryptocurrency ecosystem, the value of Bitcoin changes almost every second. The highest value Bitcoin has today is just short of $20,000, a far cry from its initial value of over $100. Despite the uncertainty in its market value, the financial product of Bitcoin still generates billions. Online Bitcoin casino users, therefore, can fund their online accounts and face fluctuations in the actual U.S Dollar amount that corresponds to their casino wallet. Rest assured that online casinos automatically convert BTC to USD or any other preferred currencies at the time of deposit.
Own Jurisdiction
Many countries still impose strict anti-gambling laws and cryptocurrency regulations. This prevents some users to access international online casinos. However, Bitcoin casinos are mostly open to all international users through e-wallets. Anyone, regardless of the country of origin, can register and bet without directly complying with the rules of governments, banks, and any other financial institutions.
Legal Bitcoin Providers
The anonymity and decentralized features of Bitcoin are impressive, but these features also feed the doubts of the skeptics. Good thing there are legal Bitcoin casino providers and US players accepting platforms regulated by gambling control boards and have their own software and payment providers. The selection process is now made easier because players can only choose between online casinos with registered platforms and legal permits.
Bonuses and Credits
Compared to standard online casinos, Bitcoin casinos often promote their Bitcoin payment options by providing bonuses and exclusive rewards for new and existing users. Any registered account can avail welcome bonuses, no deposit bonuses, free spins, and participate in progressive jackpot and leaderboard rewards system. Some casinos, however, impose terms and conditions upon claiming.
