Bitcoin – Favorite Online Casino Players’ Payment Method
There are a lot of great features that push you to use cryptocurrencies, especially Bitcoin, of course. Buying a digital currency, in this volatile market, is a complete gamble process in itself! Often you will make the decision to buy when prices are low, and want to sell when the price is high. The volatile nature of these currencies suits almost only gamblers and speculators. Furthermore, online casinos tend to be more generous with cryptocurrency users. The amount you can bet with Bitcoin is much higher compared to the Euro or Dollar. Fixed limits apply to the Euro, but this is difficult to determine for Bitcoin due to the fluctuation of exchange rates. Fortunately, there are actually plenty of casinos where Bitcoin and other digital currencies can be paid as well.
In this article, we will cover the most prominent features of Bitcoin and what makes it the preferred currency for virtual players.
How Do I Get Bitcoins?
After reading about all the benefits of using bitcoins at online casinos, do you feel like getting started with this cryptocurrency? Fortunately, they are easy to obtain. You can purchase bitcoins through a number of official websites. The price is constantly changing as people can ask what they want for bitcoin. This makes it possible for you to buy bitcoins for an excellent rate. Examples of official sales channels are Bitstamp, Binance and Upbit.
At Which Casinos Can I Use Bitcoins?
It is not yet possible to pay with cryptocurrency everywhere, but this is changing more and more. And it is often the case that at the online casinos where you can pay with bitcoins you are often encouraged to do this through bonuses. Sometimes you receive euros, but it is also possible that you receive one bitcoin after having wagered bitcoins. Depending on the exchange rate of the day, this bonus can be quite substantial, as bitcoins are sometimes worth thousands of euros. However, you have to clear this bonus’ wagering requirement, so read the conditions of each online casino carefully. You can already use bitcoins at some online casinos such as Bob Casino, Play Amo and Betchan. Or use it at Gamblingpro.pro that has the best non Gamstop casinos. It is also important to know that you cannot just play any game on the basis of cryptocurrency.
Bitcoin: Financial Sovereignty and Privacy
Bitcoin has been around since 2009 and was founded at the time to provide greater financial sovereignty and privacy to people who want to transact. The cryptocurrency uses an open network that is accessible to everyone. Transaction monitoring and mandatory identity checks are, of course, the opposite of that. Nevertheless, this will happen in the near future, as part of the fight against criminal activity that currently plagues the crypto industry.
What Are the Advantages of Bitcoin Casinos?
For a newcomer to the crypto world, the first question he or she will probably ask is this: why choose Bitcoin over a more fiat currency? And why Bitcoin instead of the other cryptocurrency options available today? There are several reasons why people are interested in Bitcoin. We all know that every person has their own needs and preferences.
One advantage may be very important to some people, to that which is much less important to others, such as decentralism and anonymity. Nevertheless, in this article, we look at six important advantages of Bitcoin. We also answer the question of why this currency is such a great success. Of course, Bitcoin has more than six advantages. In fact, it is a complicated behemoth. Still, this should give you an idea of the kind of benefits of the world’s most successful digital currency.
It’s Available Everywhere
Availability is one of Bitcoin’s biggest advantages over competitors. However, one distinct advantage Bitcoin has is the undisputed place it occupies as the most popular cryptocurrency of its kind. This not only comes with recognition and trust, which are both very important but also with availability.
More Choice Through Availability
In the end, there’s no point in benefitting if you can’t use your money for something useful. Of course, this does not mean that other cryptocurrencies do not have useful options. There are plenty of ways to spend money. But more availability simply means more choice. For a consumer, more choice means a greater chance of finding the perfect casino. Bitcoin is the currency that you almost always find next to the traditional payment methods in an online casino. In terms of availability, it is simply difficult to compete.
It Has a Strong of Appeal
This has to do with availability, but it’s not quite the same. The ability to cross geographic boundaries is something Bitcoin shares with cryptocurrencies in general. But its wide availability makes it a really special and flexible currency.
No Interference From Outside Parties
There are no limits with Bitcoin, and just as importantly: there is no interference from outside parties. So you don’t have to worry about the politics that a traditional currency can affect. There is also no controlling power present. For some people, this benefit is both a principle and a practical benefit. Looking at the latter, it becomes clear that universal access provides both opportunity and peace of mind.
It Is a Secure Payment Option
People often think that fiat currencies are safer than the more technologically advanced options. And that is understandable because we are so used to our Dollars, Pounds and Euros. Its familiarity makes us feel comfortable using it.
Bitcoin offers its own security benefits. One of the main reasons Bitcoin is so popular is the anonymity that comes with it. Identity protection is only part of the benefits on offer. For example, it is virtually impossible to forge a crypto card. This prevents you from being scammed and such attempts from damaging the market.
Do Not Send Personal Information or Bank Details
There is more security when sending digital money because you do not have to send extra personal information or bank details. This makes fraudulent activities by obtaining such information impossible. There is no entry point for the potential criminal.
You Don’t Need to Upload an ID
The anonymity of cryptocurrencies means you don’t have to upload any ID, which can normally be a complicated and often lengthy process. Some sites may ask for a little extra information in case of unusual activity, but this is generally a much less common issue with cryptocurrencies. If you do find special conditions, it can be part of a promotion. However, promos are still often available to Bitcoin users. Bitcoin casinos, for example, often have a nice no-deposit bonus.