There are 300,000+ bitcoin transactions taking place daily, and Bitcoin gambling is quickly becoming popular among online bettors. Unsurprisingly, the gambling industry did not easily accept this payment method. It took a lot of processes and showcasing its characteristics/benefits to convince users. However, with cryptocurrency becoming part of our lives, every individual must get acquainted with this incredible payment channel.
Online casino gambling can be as entertaining as rewarding. Before now, gamblers have had to play under stringent rules and regulations regarding the monetary transaction. Due to innovative and progressive minds, cryptocurrency casinos were launched as a solution. These gambling platforms could bypass such obsolete restrictions, bringing a new era of modern internet gambling. Bitcoin and other crypto casinos have revolutionized the nature of today’s gambling. This post reviews how this decentralized payment method and its corresponding casinos are paving the way for online gambling.
Contents
What are Bitcoin Casinos?
Source: mpost.io
Bitcoin casinos are gambling platforms built on decentralized structures. Players can gamble using bitcoin and any other crypto coin, such as Ethereum, Bitcoin cash, Litecoin, Doge, or XRP. These gambling sites are not predisposed to the same rules and regulations as fiat-based casinos. However, this framework allows them to offer more gaming titles, juicy bonuses, fast transaction rates and high-end security.
Another vital difference between BTC and fiat gambling is that bitcoin gaming sites have much lower charges than fiat-centred online casinos. Both gambling forms are not subjected to similar regulatory costs and taxes. Additionally, crypto casinos offer more transparency than their counterparts. Every transaction on the decentralized platform is open to the public. Players can trace where their money is going.
The striking difference between bitcoin casinos and fiat-centred gaming platforms is that payments are made with a digital currency. Fortunately, some non-fiat casinos accept real money crypto and fiat currencies. You can read more about cryptocasinos here.
Simple Registration on Crypto Casinos
To play on a crypto casino, you must create an account. This is a similar practice to traditional online casinos. However, BTC casinos do not entirely want to know about your history. Here is a step-by-step guide on owning a crypto gaming account.
- Search for your preferred bitcoin casino
- Click the “Sign Up” or “Register Now” on the home screen
- Fill in your email, username, and password in the boxes provided
- Fill in other details such as date of birth, gender, nationality, etc., if required
- Tick the small box indicating you have read the terms and conditions
- Submit the form.
Fund your account immediately after it is created. This would give you access to the casino’s welcome bonus program, which is a good way to kickstart your gambling adventure.
Fast, Safe, and Easy Transactions on Bitcoin Casinos
Before now, punters had to wait for some days before their transactions were completed. Options like bank transfers took 2-5 business days, while eWallets also took a couple of days. Delays were due to various financial institutions meant to approve such transactions. But Bitcoin saves the day. Deposits and withdrawals are practically instantaneous.
Furthermore, performing a bitcoin gambling transaction is seamless and safe. The transaction is done using very secure blockchain technology. Still, there are practices that players have to maintain, like checking and confirming the address before clicking “submit.”
Unique Bonuses for Members
Bonuses and promotions are a unique way for gambling operators to increase their members. This is not an unconventional approach, as traditional fiat casinos are known for such practices. However, bitcoin casinos take it to a whole new level. They offer a massive list of bonuses for a wide range of players.
Some offers include the popular bitcoin welcome bonus, reload offers, free spins, and deposit bonus. Other promotions include bitcoin no deposit bonus, cashback, loyalty/VIP rewards, etc. while regular fiat casino offer in smaller percentages, bitcoin gambling casino offers go up to 500% and more on its deposit offers. There are also crypto casinos that offer faucet bonuses.
Exciting Game Catalogs
You get a vast collection of entertaining and exclusive game titles with cryptocurrency casinos. Fortunately, the quality and quantity of games differ from one platform to another. Most bitcoin gambling sites have 4000+ gaming tiles, providing a robust game library for gamblers. The spectrum of games includes bitcoin slots, baccarat, poker, blackjack, jackpots, progressive jackpots, and live casinos.
The gigantic collection of bitcoin casino games is provided by top developers such as BetSoft, Microgaming, Evolution Gaming, Playtech, Pragmatic Play, Ezugi, Big Time Gaming, etc. You are guaranteed to explore fair gaming titles. Another vital perk to bitcoin gambling games is the exclusive crypto games collection. These games can only be found on BTC gaming platforms. Game titles include Crypto Dice, Lucky Block, RobotEra, etc.
International Acceptance and Anonymity
Source: medium.com
Crypto casinos guarantee privacy. Users’ anonymity is possible through a variety of encryption mechanisms. Your personal information won’t be asked for or shared with anyone, which is a huge benefit compared to fiat online casinos, which demand many personal details when you sign up. Therefore, players can gamble anonymously, which has increased BTC casinos’ popularity.
Although bitcoin casinos are more flexible and accept a wide range of players worldwide, it is required that you check out what regulations govern your country. It would be best to work in tune with the legislation in your home country. Alternatively, bitcoin casinos take a step to meet players halfway. Some crypto casinos allow you to own a gaming account that does not need to be verified, or players can use a VPN.
However, KYC verification is straightforward. Players are required to upload legal documents proving their source of income, address, and identity. Such documents required include a bank statement, government-issued ID, utility bill, etc. Fortunately, the KYC verification is only done once.
Optional Concluding Paragraph
Beyond the plethora of gaming tiles, promotions, and simple registration, bitcoin casinos process payment with lightning-fast speed. These transactions are also secure on the blockchain and allow the user to remain anonymous. These advantages upset the balance with its fiat counterpart, although they offer the same iGaming products and services. With these incredible features, cryptocurrency casinos have secured a future with online gambling. And although we are yet to realise this, they have become the future of online gambling.
