Bitcoin is arguably the most popular and widely used cryptocurrency around the world. This is a reason why there has been a surge in the number of online casinos accepting Bitcoin as an online payment option. Many gambling enthusiasts have found that Bitcoin casinos are better than traditional casinos, especially with the large jackpots that can be won when playing casino games using Bitcoins. Since Bitcoin transactions happen online, it's a convenient and secure payment option. Here are the benefits of playing at Bitcoin casinos.
Bitcoin is among the fastest payment methods when it comes to withdrawing payments from a casino. Options such as wire transfer can take up to seven days for the money to reach the account, which is inconvenient, especially when one urgently needs the funds. Although e-wallets take a shorter duration to deliver funds, Bitcoin is a worthy alternative.
Cryptocurrencies are decentralized, meaning no one can trace the user's transactions. When opening a gaming account with a Bitcoin casino, one only requires a username, email address, and password. This means that no banking institution, government agencies, or other third parties have the authority to control bets and transactions. To fund the betting account, one requires a Bitcoin wallet which is basically an email address.
Gambling enthusiasts are often put off by the high fee charged when making withdrawals from their gambling accounts. When withdrawing from a Bitcoin casino, only a small fee is charged by the miners, mostly 1% of the transaction's value, depending on the casino policy.
Players are always on the lookout for rewards and bonuses when playing games such as blackjack and roulette. With the belief that the value of Bitcoin will appreciate in the future, Bitcoin casino bonuses can be a great way to add some Bitcoins to one's e-wallet. Bitcoin bonuses include matching deposits bonus, free spins, redeposit, and many more.
Bitcoin games are thrilling and bring some degree of excitement while playing. Bitcoin casinos avail a variety of table and slots games where players can win big or even enjoy huge deposit bonuses in the form of Bitcoins.
However, with these benefits of using Bitcoin as a casino deposit method, some people still argue that it's better to buy and hold on to Bitcoins. Some of the arguments include:
In conclusion, when dealing with Bitcoins, one needs to weigh between the benefits of playing casino games using Bitcoin or holding it. However, suppose one is an avid casino player. In that case, the best approach is to combine the two options where they will make money in the long run and at the same time continue enjoying gaming.