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We’ve long since passed the point where cryptocurrency could be considered a new phenomenon. Bitcoin in particular has been around for some time, has become a popular alternative to conventional currency for millions.
It’s still one of the most volatile assets on the face of the earth but continues to appeal to those with a fairly developed risk appetite.
In response, more online businesses than ever before are starting to accept Bitcoin for the purchase of products and services. Online casinos being no exception to the rule, which in many instances are also embracing cryptocurrency. If looking for a top-rated Bitcoin casino you can count on do not forget to check thoroughly their reviews, reviews have to be detailed and precise to find out what’s on offer. A good Casino to the game on Bitcoin is Buzzluck Casino claims CasinoGenie.org, a platform that offers some of the most comprehensive reviews on the hottest Bitcoin Casinos available.
But what is it about Bitcoin that makes it such a popular choice within the online gaming community? With such a huge range of payment methods to choose from, why is it that Bitcoin is gaining such enormous traction right now?
The Benefits of Bitcoin for Online Casino Gaming
When polled, those who prefer Bitcoin to more conventional payment methods cited several potential benefits to cryptocurrency. The most important benefits of Bitcoin for online gaming mentioned by those using this payment method being as follows:
1. Anonymity
First and foremost, Bitcoin payments allow for the kind of anonymity that goes beyond pretty much any other payment method. For some gamblers – quite a lot, in fact – keeping things discreet and anonymous when gambling online is a priority. All of whom have their own reasons for prioritizing privacy, which is something that can be more or less guaranteed when betting with Bitcoin.
Tracing other payment types back to the person in question is comparatively easy. With Bitcoin, you benefit from near-total privacy and anonymity at all times.
2. Exclusive Bitcoin Casinos
There’s a growing market for casinos online that exclusively support Bitcoin payments. Or to put it another way, Bitcoin is the only payment method they accept. This means that in order to sign up in the first place and check out what’s on offer, you’ve no choice other than to use Bitcoin.
This may not be the ultimate deal breaker for most, but nonetheless broadens the range of options available for those who gamble with Bitcoin.
3. Low Fees
By contrast, this is a major and entirely understandable deal-breaker in the eyes of many. Even today, it’s not uncommon for online casinos to impose fees, commissions, and stealth charges on their customers. Likewise, allowing a casino to handle any currency conversions you need can result in fairly heavy losses.
None of the above tends to apply with Bitcoin or at least applies to a lesser extent. Fees and charges imposed by Bitcoin casinos tend to be significantly lower, with much fairer and more generous exchange rates for foreign currency.
4. A Volatile Asset
For some, the fact that Bitcoin is such a volatile asset is where much of its appeal lies. It’s a little like playing with precious metals or other everyday commodities on the line, which can increase or decrease in value wildly at any time. The difference is that Bitcoin has been known to skyrocket or plummet in value at a moment’s notice.
Time it right and the Bitcoins you win could be worth exponentially more tomorrow than they are today. For those with the appropriate risk appetite and savvy investment strategy, Bitcoin can be a quite remarkable asset.
5. A Taste of the Future
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Last but not least, there are those who genuinely believe that cryptocurrency represents the future of all currencies worldwide. Roughly translated, they envisage a time in the future where conventional currency as it exists today is rendered completely redundant. In which case, what better time than right now to dive into the whole cryptocurrency game?
The convenience, safety, and anonymity of Bitcoin is appealing to more online gamers and everyday consumers than ever before. To such an extent that many of those who try Bitcoin simply as a curious newcomer can’t imagine going back to the more conventional way of conducting transactions online.
6. A Word on Casino Quality…
Rounding things off, it’s important to bear in mind that not all Bitcoin casinos are of the same high-quality standard. Just because a casino accepts Bitcoin as a payment method doesn’t automatically mean it’s worthy of your time and money.
As always, it pays to conduct at least a little rudimentary research and base your decisions on the recommendations of real-life gamers. Where a casino has earned the approval and recommendation of genuine gamers, you’re most likely looking at a safe bet.
Crypto casinos have emerged as a popular online betting platform which accepts digital currency for the purpose of running casino games & payouts. All the winning is processed to the winner through online transactions in the form of digital tokens and further, the winning can be cashed-out at any currency’s exchange rate. By just providing basic details such as bank information, literally, anyone can take part in online gambling while staying absolutely anonymous.
Playamo
Playamo is an online casino where players can play with Bitcoin, Ethereum, Litecoin and Dogecoin. The website has its own section for players who want to start playing with cryptocurrency. The owner of this website is Direx N.V. This company is located in Nicosia, Cyprus. The Playamo casino operates with a license on Curaçao. The government on Curaçao is therefore also the regulator. Playamo has a welcome package of €/$300 + 150 free spins.
Playamo maintains a large pool of online casino games, global players can make use of their digital assets and depending upon the country jurisdiction, can play table games such as baccarat, roulette, blackjack and much more. Also, rather than just using cryptocurrency to fund the accounts, users can also use traditional banking methods to make a deposit as well as a withdrawal. Reportedly, there is an over 50 times rollover on the bonuses. The customer service is decent and fast, user-interface at Playamo is highly engaging. Also, residents of the United States and the United Kingdom aren’t allowed to play at Playamo.
Considering the website contains over 1000 slots and games, Playamo is a great website to start your adventures.
CryptoSportz
The hype on cryptobetting is real and has a lot of benefits related to the blockchain. CryptoSportz is an Ethereum based sports betting platform that brings complete trust and security to users. The sportbets are done through a smart contract which ensures total your funds can only be accessed by you.
What makes this project different than fiat bookmakers is that it is completely decentralized, peer-to-peer and you are anonymous as a user. But best of all, because it’s decentralized and peer to peer you are able to act as the house by offering your own odds to other people on games supported by Crypto Sportz.
LOOT.BET
LOOT.BET is a major online eSports betting platform where you can place wagers on all of the most popular games with Bitcoin and Ethereum as well as with traditional currencies. In the nearest future, the list of the accepted cryptocurrencies will be significantly expanded. The service was founded in 2016, is working under the Curacao Gaming License #365/JAZ, and is operated by Livestream Ltd. If you’re a fan of eSports, LOOT.BET will be a great option for you.
Be aware that you can only withdraw once per month for free, if you choose to withdraw more then once you will pay 8% commission.
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