Since online casinos started accepting cryptocurrency as a payment method, bitcoins have gained popularity in the gaming market. They offer a certain level of security that traditional payment methods don’t. Today, you can play and wager on any casino game using your crypto funds. As a result, cryptocurrencies are slowly transforming today’s online gaming.
The best online casinos in Canada, the UK, the US, or any other large gambling market, must have bitcoin as one of the available payment options. However, there are five things you probably didn’t know about online casinos that use bitcoin.
1. Most states permit bitcoin casinos.
If online gaming is legal in your country, bitcoin gambling is possibly legal too. Honestly, most politicians don’t have in-depth knowledge of how the World Wide Web works. Therefore, it is quite tricky to outlaw something they don’t understand. Additionally, bitcoins are proven to increase a state’s revenue significantly. Who would forego such a fortune?
2. Bitcoin casinos have more comprehensive game selections.
In addition to the basic casino games, these casinos have bitcoin games. Typically, bitcoin games are similar to other casino games, only that you can wager using bitcoins. Therefore, whether you are into slots, table games, or video poker, bitcoin casinos got you covered.
3. Deposits and withdrawals at bitcoin casinos are super-fast
Bitcoin payments are the best way to attain immediate fulfilment. While credit cards and bank transfers take days to process withdrawal requests, bitcoins usually take a maximum of 12 hours. Therefore, in addition to increased security, bitcoin cas inos eliminate any hassles associated with long waiting hours.
4. Anonymous transactions
Only adults should take part in any gambling activity. As such, you need to be treated like one. Some payment options don’t do so. For example, banks that issue credit cards may downgrade you for betting. This doesn’t feel right. However, with bitcoin, all transactions are completely anonymous. Therefore, it’s only you and the casino who know how you wager and the games you play. That’s the level of privacy you will enjoy at bitcoin casinos.
5. It’s hard to follow up on bitcoin transactions.
Online casinos are closely regulated by licensing bodies, ensuring that service delivery is secure and optimal. As a result, all payment transactions are stored in a traceable manner, helping in solving any arising customer complaints.
However, this is different in bitcoin casinos. Here, all payments here are entirely digital, so auditing is a challenge. Therefore, this is the major drawback of using bitcoins in online casino payments.
Whether it’s a traditional or digital payment method, online gambling will always revolve around safety, integrity, and transparency. Bitcoin casinos seem to achieve all these. Therefore, they are among the safest casinos to play your favourite games. With such wide game varieties, even the pickiest players will have something to enjoy. However, it would be best if you did thorough research to ensure that you are playing a trusted site that keeps all your personal data private.