Bitcoin gambling is still viewed as a novelty and hasn’t been fully embraced in many betting circles. It is a type of gambling that is fully dependent on digital currency. Digital currency has enjoyed a wide success and has been quickly adopted by many industries including hotels, entertainment, and retail stores as an acceptable means of payment and measure of value.
Cryptocurrency is a standalone currency that operates without control of any state or financial institution. This makes it more preferred by many, and it is this popularity that has led to its growth and success.
Since digital currency is fast growing, it is finding its way in online casinos – so much that some casinos have become fully fledged cryptocurrency platforms for gambling. With this comes the dilemma of choosing between digital currency casinos and traditional currency casinos.
Here are five reasons why you should choose Bitcoin casinos over regular casinos.
Privacy and anonymity
Most, if not all, regular casinos require that gamblers make full disclosure of personal information which includes bio data, addresses and so forth. This doesn’t settle so well with many people.
Some countries have a very stringent employment regulation system and having your identity on every other gambling outfit might someday interfere with your employment opportunities.
Digital currency casinos require no disclosure at all. All you need to have an account is an email address and a password. This ensures that you maintain anonymity and privacy while you enjoy playing.
Privacy and anonymity enable players from regions and countries which have stringent rules and regulations on gambling to play. Since you cannot trace the player or account holder, gamblers can enjoy their favorite games while making some money.
You are in full control of your money when you use cryptocurrency for gambling. This is because cryptocurrency is unregulated – something you don’t get to enjoy when using traditional currency. This has the implication that you can always access your money whenever you want since it cannot be confiscated regardless of the situation.
It is only the cryptocurrency user that has access to their e-wallet and their online casino account.
There are more games than you can play in a digital currency casino. Brick and mortar casinos and traditional online casinos are limited when it comes to the number of games that one can actually play. Game diversity is very advantageous to the player. This is because, other than having their chances of winning increased, players get to enjoy playing. You realize that gambling is not just about winning and making money but also having fun and being entertained while at it.
You, as the player, have the ability to place microbets. This is possible because you can actually break Bitcoins into the least possible of its denomination. It actually means that you can place bets that are under $1 in value. This is a plus for players who don’t have so much money to spend.
Reliable and secure
Cryptocoin casinos are a reliable place to bet. This is because such casinos are built around systems that have very little or no human involvement. Due to this, games are less prone to human manipulation. This is something that traditional casinos are greatly vulnerable. Since the human element is eliminated, digital currency casinos are much more reliable and safe.
Another notable aspect of cryptocurrency casinos that make them reliable is that they have advanced features that enable users to enjoy quality services. These services are tailored to enhance customer experience as well as meeting user needs. Such services include customer care and practical communication channels.
Since cryptocurrency casinos are a new entrant into the market, they are hungry to bring in customers. They always strive to attract new clients. With this comes constant innovation and improvement of their products to grow and deliver value to players. You can be sure that cryptocurrency casinos will always deliver a better customer experience, bonuses and greater value for you than you can get in any traditional casinos.
This is a concept that critics like to run away with – the high volatility of the value of cryptocurrency. This is actually an advantage for players. Whenever there is a price increase in Bitcoin, then it means you can get more value for your coins. You can then play more with what you have and cash out to get profits.
Since this is a fast growing market, it is expected that you will find online criminals targeting unwary users. Ensure you exercise caution when choosing a casino or a transaction platform. The rule of thumb is always that the more knowledge you have about anything, the safer you are.
For those of you looking for a Bitcoin tax calculator, read our comprehensive guide covering what are considered to be the 5 top crypto calculators ...
Imagine being able to trade crypto for a living while also playing blackjack, sports, and make intelligent bets and getting the best possible ROI on y...
One of the greatest strengths of cryptocurrency sometimes plays out to be its greatest undoing. If you are a Bitcoin user, one of the reasons you pref...