In our current technological era, Bitcoin has made its mark as a valuable form of currency, allowing people to purchase amenities, place bets and carry out transactions while remaining anonymous and more importantly with military grade security. For these and many other reasons, Bitcoin has various potential advantages especially in the gambling industry, including online casinos, esports, and other gambling platforms.
Most gamblers are not fully conversant about cryptocurrency gambling sites and are usually suspicious of the popular cryptocurrency Bitcoin. However, with the current global trend, people should start accepting the fact that bitcoin betting is becoming inevitable. In this article, we will discuss how Bitcoin gambling is different from traditional gambling and why all gamblers should embrace it.
The Advantages of Online Gambling with Bitcoin
Here are some of the main advantages of online gambling using Bitcoin:
1. Bitcoin Betting Casinos are Transparent
Traditional casinos are known for concealing information from their customers, such as potential winnings. They also have a bad reputation for using various obscure tricks that give them an upper edge over gamblers. Many gamblers are usually unaware of these heinous tricks. Accordingly, they continue gambling and losing without knowing the actual reason for their losses. Traditional casinos typically take advantage of oblivious gamblers, in an unscrupulous manner.
Bitcoin casinos have eradicated the possibility of the house using dodgy tricks that give it an upper hand in winning. They provide a transparent and clear platform ensuring the odds are legit and clear to gamblers. This transparency ensures a mutually positive business relationship eliminating most forms of scams.
2. Bitcoin Betting Casinos are Safe and Secure
Most traditional casinos require their customers to provide them with private and personal information such as credit and debit card details. Providing your confidential data on these platforms can turn out to be a risky endeavour. The dreary process of filling out endless forms that require tons of details further exacerbates this.
Bitcoin casinos have come to the rescue and eliminated this impediment guaranteeing that gamblers’ personal information is safeguarded. In most cases all users have to do is deposit funds to a specified address and commence gambling. Bitcoin casinos also eliminate the monotonous task of filling out your details while joining and logging in every time you want to gamble. Bitcoin Casinos are much safer and simpler to play on.
3. Bitcoin Betting Casinos are Cheaper
Traditional online casinos are marred by their exuberant costs associated with transactions and deposits. Adding insult to injury, gamblers also have to bear with a myriad of taxes and duties, and this has a considerable impact on the total winnings earned.
With Bitcoin casinos, most of these costs are nearly absolved, since transaction fees are either zero or low. Bitcoin casinos are also non-regulated by any payment services or institution, making transactions even cheaper. Gamblers also normally enjoy low withdrawal fees and deposit costs; this makes Bitcoin casinos more preferable than traditional casinos.
4. Bitcoin Betting Casinos are Convenient
Most cryptocurrencies use Bitcoins. You can access Bitcoins from all corners of the globe. This is an added perk since some countries have restricted gambling entirely and sadly citizens living in these countries don’t have access to reliable gambling casinos.
Gamblers using BitcoinBitcoin casinos evade the possibility of joining illegal gambling sites which are both expensive and perilous. With Bitcoin casinos, clients receive full access to their earnings, and can deposit/withdraw their cash/winnings from their account instantly from anywhere.
5. Bitcoin Betting Casinos have Lucrative Bonuses and Promotions
This is one mostly overlooked perk of gambling through Bitcoin casinos. Traditional gambling platforms offer nearly double amount bonuses for earnings of up to a few hundreds of dollars. However, for Bitcoin casinos, they offer rewards ranging from 1 BTC to 5 BTC, during the time of this writing, one Bitcoin is equal to approximately $7,000. The best bitcoin casinos also provide the promotions to attract non-Bitcoin believers to their sites.
6. Bitcoin Betting Casinos Offer More Value
Just as with any other currency, Bitcoin obeys the laws of demand and supply, currently Bitcoin’s demand is soaring high, since more and more people are adopting it for their day-to-day transactions. This high demand has led to an increase in Bitcoin’s value, in 2009 the value of Bitcoin was only a few dollars, and has risen exponentially to approximately $7,000 today. This means gamblers have an added advantage when it comes to using Bitcoin. They have a choice of withdrawing it and exchanging it with fiat currency, or they could continue gambling as they wait for Bitcoin prices to increase. Right now the gambling industry in many countries thrives due to crypto payments. Canada's national statistical agency stated, that after 2010 number of crypto online gamblers increased by 23%, as the number of bitcoin casinos Canada grew significantly
7. Bitcoin Betting Casinos Offer More Game Variety
Gamblers using these types of casinos can enjoy and access just as many games as one would find at traditional casinos. Some Bitcoin betting sites provide pay-outs as high as 99%. Other popular Bitcoin betting sites also offer table games such as roulette and blackjack. Comparing player return percentages of Bitcoin and other traditional betting sites, Bitcoin leads the pack with a surprisingly wide margin.
Bitcoin gambling sites are catching up with other forms of casinos, and some also feature live dealer casino games for games such as blackjack, baccarat, and roulette. Live casino games are highly immersive, exciting and immensely increase the user experience.
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