More than 100 million people are Bitcoin holders and there are still millions of BTC to be mined, so businesses are starting to approve BTC payments. Online casinos have already added BTC and other cryptocurrencies. As cryptocurrency is decentralized there is a concern about using Bitcoin gambling sites.
It doesn’t mean you must ignore playing on Bitcoin casino. It means you need to check the website license and read reviews on Clovr. After which you can safely enjoy playing poker, lots, and blackjack with Bitcoin.
Cryptocurrency investment is similar to banking because of its high volatility. Besides, there are other benefits of holding Bitcoin. In its infancy, the cost of 1000 BTC was $100 and today those 1000 BTC are worth more than $60 million. Cryptocurrency has increased its popularity among online casinos and bettors because it offers a quick and secure online payment option. The casinos that accept Bitcoin as payment are termed ‘Bitcoin casinos’. These BTC casinos can capture the future online gambling sector because of multiple reasons.
Bitcoin casinos allow people from all around the world to play. It is advantageous to those residing in a country that outlaws gambling. It even appeals to players living in countries where gambling is highly controlled. Several casinos allow guests to start gambling without creating an account which is ideal for those who want to stay anonymous.
Provably fair games
Everyone is concerned about the safety of playing in any online casino. Therefore casino owners need to show their license from gambling commissions. It verifies that the casino employs fair game practices but still players are worried about whether they can trust the commission or not.
Alternatively, Bitcoin casinos offer games built on blockchain and use provably fair concepts. The players can verify that every game they play is totally random and the house doesn’t rig it in their favor. Even the players cannot use any scam to take advantage because it is hard to hack the blocks, so the casino owners also stay safe. It is a win-win situation for both players and casinos.
Cryptocurrency has made it easy to make online transactions. You just need the wallet address of the BTC gambling site to transfer cryptos from your wallet. It is secure because money stealing is impossible unless you maintain private key secrecy. Besides, cryptocurrency transaction costs are significantly lower and speedy in comparison to traditional payment methods.
In general, bonuses are a marketing tool for every online casino owner to attract new bettors and keep the existing ones engaged. The welcome bonuses offered include free spins or adding matching funds to increase your first deposit. It is a great perk for new members.
Many BTC casinos offer better bonuses to members making deposits with cryptocurrency. Make sure to read the fine print before indulging in the bonuses as they accompany complicated betting needs, which may be waste of time.