Modern players have shown much love for online gambling, which is why the demand for more online casinos is increasing. Casino operators have also proven to be up to the task of satisfying this demand, as there are thousands of casino sites online where bettors can indulge in their favourite pastimes.
The online casino industry has also developed rapidly, even more than traditional casinos, thanks to certain innovations. Now, there are different casino sites online, all with their distinct benefits and selling points. One of the most popular types of online casinos is the Bitcoin casino. In these casinos, bettors can also play First Person blackjack and other games to win real money, like in all other casinos. However, the distinct difference is that no fiat currency is used here — all payments, whether deposits or withdrawals are strictly in the Bitcoin cryptocurrency.
Though most of the Bitcoin casinos are relatively new, modern-day gamers have leaned more toward these gaming sites as they have been proven to be one of the best and most secure that can be found on the internet.
Why You Should Play at Bitcoin Casinos
Here are some reasons Bitcoin casinos are becoming more popular amongst modern-day bettors:
1. Payments are secure and anonymous
Bitcoin transactions are completely anonymous and untraceable because of blockchain technology. Once payment is initiated, it is immediately completed and can never be traced by even the best trackers online. Hence, high rollers who would love to move around large funds anonymously love Bitcoin payment options for this purpose.
Storing money in Bitcoin wallets and using them for online transactions has proven to be more functional and safer than bank cards. No personal information is required to complete an online transaction, yet it is the most secure online transaction mode. With Bitcoin, gamers do not have to worry about their account information being stolen online or their accounts being penetrated and wiped clean by fraudsters.
2. Bettors can play for free and earn Bitcoin
In many online gambling platforms, there is a supported free-play mode that gamers can use for practice before placing bets and stand chances to win.
However, gamers on Bitcoin sites can stand chances to earn actual Bitcoins when playing without placing bets in the free mode. While playing these free games, bettors can earn tokens that they can use to bet and increase earnings online.
3. Bitcoin casinos are very secure
One reason blockchain technology is growing increasingly popular today is because of the impossible level of security it offers. As expected, Bitcoin gaming sites have adopted blockchain technology. In addition to the security steps and regulations generally required from online casinos, no account can have any security threats.
Many of these casinos also use two-factor authentication, requiring players to provide another identification when accessing their accounts. Only the account owners have access to these codes, and an inability to provide this second identification code will keep even the bettors out of the accounts.
4. Bettors get to keep most of their earnings
Bitcoin is a decentralized digital asset. This means that no third parties control your funds like the fiat currencies. Hence, making any transaction while gaming online is usually free as you are not required to give any authorities a portion of your money. This way, your earnings are mostly intact when transferred to your wallet or casino account.
In addition, there are some parts of the world where digital assets are not taxable. In these locations, bettors are not required to pay any form of tax on their earnings, regardless of the amount. When playing in traditional casinos, bettors who win jackpots leave with about half their rewards after deducting all the taxes. There is nothing better than evading these payments legally.
Bitcoin gambling sites are the most transparent platforms online. While betting at some online casinos, gamers would have noticed that many attract their attention through mouth-watering bonuses and other promotions.
These are eventually proven to be lies, leading to losses. However, it is tough to be unaware of happenings in Bitcoin casinos as blockchain technology makes it extremely difficult to hide any of this information from players.
Bitcoin is widely considered the currency of the future, and that has been proven to be true. This currency which has been fully optimized for digital use has been the easiest, fastest and safest payment option when playing in online casinos. Hence, it is no surprise that some sites are already making this currency the primary payment option.
This article explains the concept of playing games in Bitcoin casinos and why they are the perfect choice for players.