Bitcoin in the casino has been a reality since 2013. With the propensity of cryptocurrencies, this naturally imposed itself. In terms of advantages, playing in a Bitcoin casino has many advantages. If it is now possible to use this virtual currency in the casino, certain rules must be respected, starting with the distinction between pure BTC casinos and those which accept, in addition to traditional means of payment, virtual currency.
Are you interested in online betting? Are you interested in online casinos? If so, you must be wondering which casino to play in, especially with the advent of bitcoin in casinos. If this adventure tempts you but you are still hesitating, you should know that this type of casino has many advantages.
There are many reasons why you might opt for bitcoin casinos. We distinguish for example:
Bitcoin is a virtual currency that, unlike conventional currencies, is not issued by a banking authority. It is therefore designed for discreet use. Thus, in a bitcoin casino, all transactions (bets or withdrawals) are done virtually and in total anonymity.
The transfer of Bitcoin to the account of a Bitcoin casino is almost commission-free.
Generally, this commission is 1% of your transferred amount. Also, transactions are processed for free or almost with Bitcoin as a payment method. Therefore, unlike traditional casinos, you will not have to pay unexpected fees with your account in a Bitcoin casino.
Independent of traditional banks and requiring no intermediary, Bitcoin is used free of charge. This represents a significant saving for any player.
For example, a deposit in a Bitcoin casino in bitcoin will be done without additional costs, the same for the withdrawal.
Bitcoin allows its customers to manage their funds in the account as they see fit. Unlike other currencies, bankroll funds cannot be frozen or confiscated by any organization due to its lack of links with a government or a banking structure. In the event of a withdrawal, the Bitcoin casino will issue you the full amount desired and without any tax.
Bitcoin casinos allow you to transact extremely fast, allowing you to deposit and withdraw your winnings in just seconds. Contrary to what you can observe with classic transfers which can take quite a long time, you will be able to have your bet on your virtual bankroll immediately.
On a bitcoin online casino, a multitude of games is at your fingertips. Including roulette, blackjack, craps, and baccarat which can be selected by subscription.
You have bonuses of up to 200% on your first deposit in Bitcoin and a multitude of other bonuses.
This is the choice to make for good adventures in online betting games. Since Bitcoin is a virtual currency independent of conventional financial systems, it can be used everywhere without space or time limits, as is the case with online wallets. With Bitcoin casinos, you are not limited in your game by your geographical location and could have access to a greater number of publishers with a single registration made.
Finally, it is clear to see that with the introduction of Bitcoin on the global market, bitcoin companies going public (https://edition.cnn.com/2021/04/14/investing/coinbase-stock-direct-listing/index.html), cryptocurrency has had a profound impact on the world of online casinos.
Bitcoin casinos owe their success since their advent to the many advantages they provide to their customers. In addition to allowing you to make your deposits and receive your winnings with ease, Bitcoin casinos guarantee you certain confidentiality with absolute control over your bankroll. For an optimal choice, opt for Bitcoin casinos.
While a Bitcoin casino is by definition a casino that accepts Bitcoin as currency, not all Bitcoin casinos operate the same. On the one hand, there are pure Bitcoin casinos, and on the other hand, casinos that only accept cryptocurrency.
These are those that are exclusively dedicated to Bitcoin. Not only is a cryptocurrency used as a medium of the transaction to bail out your account, but it can also be used for stakes in the form of sealed BTC tokens.
Due to the immediacy of Bitcoin’s availability, winnings are immediately available. All payments are made in mBTC or thousandths of Bitcoin without you needing to provide personal details. You continue to enjoy the same level of security and privacy as other Bitcoin transactions.
For registration on these sites, too, only an e-mail address and a password are required. Rare casinos offer a security system with Google Authenticator 2 factors or 2FA for maximum security.
Conversely, casinos that are not pure Bitcoin accept cryptocurrency in the same way as other types of classic currencies. For most of them, Bitcoin is just a simple deposit method.
In addition, they do not allow the withdrawal of winnings in Bitcoin, all payments are made via traditional means such as bank transfers. For this, it is, therefore, necessary to provide a lot of information about your identity, your bank accounts, and other contact details.
For all these reasons, these casinos cannot have Bitcoin casino status.