Why Are Bitcoin Casinos Popular?
by Emma Feller
On the surface, the only appeal that Bitcoin casinos hold is the popularity of BTC as a high-value asset. However, when you understand the interconnectedness of Bitcoin and the blockchain, it becomes clear the sector offers many advantages over its more traditional peers.
What are Bitcoin Casinos?
If you are new to the exciting world of cryptocurrencies and the blockchain, you might wonder what the difference is between a traditional online casino and a Bitcoin casino.
The main difference you will see when visiting a Bitcoin-first gambling site is that you can deposit and withdraw using your store of cryptocurrency rather than your local fiat currency. Many casino fans interested in stepping into crypto for the first time do so at a Bitcoin casino. This is thanks to the streamlined processes and helpful guides to selecting an exchange, opening a crypto wallet, and purchasing your first virtual currency.
The great news is that while there are several key advantages to joining a BTC casino over its fiat counterpart, the basic user experience remains unchanged. This means that you will be able to easily navigate the casino as tabs such as your profile, banking, and even the list of casino games will be familiar for the most part.
As crypto casinos are hosted on the blockchain, they offer enhanced anonymity, unparalleled safety, and Provably Fair gaming. These benefits contribute to a sense of security and peace of mind when gambling online.
6 Benefits of Bitcoin Casino Gambling
The online gambling industry has done a fantastic job of ensuring that players can quickly and easily access the games they want to play, fund their accounts, and claim the available bonuses. Bitcoin casinos were not looking to reinvent the wheel, which is why these essential services and processes remain largely the same.
However, by offering cryptocurrency banking and taking advantage of all that being hosted on the blockchain entails, these casinos have added another layer of service excellence that fiat casinos cannot match.
Here are the benefits of crypto casino gambling:
With all deposits and withdrawals occurring via secure wallet IDs across a decentralized network, providing KYC documents that expose your bank account and personal information is unnecessary. This allows you to gamble online anonymously.
As the blockchain is a decentralized network available worldwide, you can access your favorite casino games anywhere and anytime. All you need is a stable internet connection.
Transacting on the blockchain is one of the lowest-cost ways to bank online. Without international exchange fees and the myriad costs associated with fiat banking networks sending and receiving Bitcoin costs almost nothing.
Peer-to-peer connections across the decentralized network facilitate sending and receiving crypto on the blockchain. This ensures that all transactions are processed as close to instantly as possible with our current technology.
As the blockchain is an open ledger, when two parties transact, both have full access to all available information. This is especially handy when gambling online as you can see the results of every game you play as they were recorded on the blockchain. These reports allow you to verify every result’s accuracy and associated payout. Make sure to try Bitcoin Crash games as these are often provably fair.
Bitcoin bonuses represent a unique enticement in that not only is there the fact that you are receiving a reward for your spending, which is already an increase in investment, but price fluctuations can mean a nominal increase today with worth a substantial sum in the future.
With these advanced levels of anonymity, security, ease of access, worldwide availability, low transaction fees, speedy withdrawals, provably fair gaming, and attractive promotions, it is no wonder that Bitcoin casinos are growing in popularity at an ever-increasing pace.
Are Bitcoin casinos safe and secure?
The blockchain is the most secure network in the world, and many crypto casinos offer no-verification accounts. This combination creates an incredibly safe online gambling environment.
Can I get a bonus at a Bitcoin casino?
All the BTC casinos we review offer new players welcome bonuses and have extensive promotional calendars for existing patrons to enjoy.
Are Bitcoin casinos available in my country?
Bitcoin casinos are hosted on a decentralized network called the blockchain. This allows anyone with a stable internet connection to access them from anywhere in the world.