Since the creation of Bitcoin in 2009, cryptocurrency has grown to become a huge economic force. One of crypto’s explosive growth effects is its adoption in virtually every industry, including online gambling. Thanks to its ease of use, zero-to-low processing fees, security, and anonymity, many casino players prefer using cryptocurrency as a payment method when gambling online.
Due to technology and certain innovation in the gambling space, the market is evolving to accommodate crypto usage through Bitcoin casinos that allow players to perform transactions using cryptocurrency. This article will delve deep into the benefits of adopting cryptocurrency as a payment method and how crypto casinos are ushering in a new era in the online gambling industry.
So, What Exactly are Bitcoin Casinos?
BTC casinos are online gambling sites that allow players to make deposits and withdrawals using bitcoin or other cryptocurrencies. Some of these casinos only allow crypto payments, while others support other regular payment methods alongside crypto. Unlike traditional casinos that only use fiat currency to measure value, crypto casinos use cryptocurrencies.
How to Register on a Cryptocurrency Casino
Before you can enjoy all the benefits of an online casino, you must create an account with a preferred operator. But, not to worry–registering on crypto casinos is easy and will only take a few minutes. Here’s how to go about it:
- Visit the casino’s website, and click on the “Register” button at the top of the page
- Provide a valid email address
- Choose a complex password featuring letters, numbers, and symbols to protect your account
- Enter your date of birth to confirm your age
- Provide other required details
- Read and agree to the casino’s terms and conditions
- Click on the “Submit” button to finalize your registration process
After registering on the gambling site, you can proceed to deposit some funds into your online casino account. Then, head over to the Cashier section of the Bitcoin casino and choose cryptocurrency as your preferred payment method. The casino will provide a blockchain address to send the amount of cryptocurrency you wish. Copy the address, open your crypto wallet, and make the transaction. Your deposit will be confirmed immediately, after which you can start betting on any casino game of your choice.
Fast, Safe, and Easy Transactions
Traditional payment methods, especially credit/debit cards, bank transfers, and e-wallets, often take up to five business days to process online casino transactions. Waiting that long to receive your winnings can dampen your overall gambling experience and leave you frustrated. On the other hand, crypto transactions are processed within minutes, so you can access your funds as soon as the Bitcoin casino approves your withdrawal.
Bitcoin transfers are also very safe, which guarantees the security of your funds when performing transactions in an online casino. The blockchain network uses cryptography to ensure the security and authenticity of all transactions.
Unique Bonuses for Players
Much like traditional casinos that offer bonuses to attract new players and keep the existing ones, crypto gambling sites also offer an impressive range of bonuses that are often more generous than those offered by their fiat counterparts. These bonuses allow you to explore the casino site and play various games without excessively depleting the funds in your account. In some cases, online casinos offer bonuses to compensate players for their losses. You can also receive a bonus to help you recuperate your losses after losing a bet. Bitcoin casinos offer Bonuses including welcome bonuses, reload bonuses, free spins, free bets, deposit bonuses, no-deposit bonuses, cashback, etc.
Exciting Game Catalogs on Crypto Casinos
Cryptocurrency casinos offer a robust selection of exceptional casino games for gamblers to enjoy. This extensive game selection often includes vast slot catalogs, table games (such as blackjack, roulette, baccarat, and poker), live casino games, and progressive jackpots. These games are supplied by some of the best and most reputable gaming software providers in the gambling industry so that you can be assured of their fairness and excellent quality. These providers include Microgaming, Playtech, Big Time Gaming, IGT, NetEnt, Quickspin, Betsoft, etc.
A unique advantage of gambling on Bitcoin casinos is the access you gain to play exclusive crypto games like crypto dice. Crypto dice is a simple casino game with a meager 1% house edge, which gives players a high chance of winning amazing payouts. While the game has several variations, the basic rule stands–a player chooses a number and bets on whether the dice outcome will be above or below the number.
International Acceptance and Anonymity
Most crypto casinos allow players from many countries to gamble on their platforms. Furthermore, since deposits and withdrawals are made using cryptocurrency and not national currencies, the conventional restrictions with conversion are eliminated. Thus, gamblers can play their favorite casino games on the platform irrespective of their location.
Before gambling on a Bitcoin casino, ensure that you verify the legal status of the casino in your home country to avoid running into issues with the law. To prevent this problem, you can choose to bet on casino sites that allow players to gamble without account verification, that is, without providing any valid ID or personal details. You can gamble anonymously without disclosing any personal information to the online casino.
Suppose you decide to gamble on a site that requires players to complete their KYC verification process. You have to provide a valid government-issued means of identification (passport, driver’s license, or ID card), proof of income source, and proof of home address. The casino would need these documents during the verification phase.
Cryptocurrency Casinos are Here to Stay
With Bitcoin casinos, players can enjoy numerous games and bonuses, gamble anonymously, and perform secure and speedy transactions. Since they solve many problems that players encounter when gambling online, it’s safe to say that crypto casinos are, undoubtedly, the future of the online gambling market. Additionally, the gambling industry is gradually tilting towards the crypto space; although the pace is slow, it is becoming a strong force to reckon with.