Have you noticed that there is a sudden increase in the number of online casino bettors? This is because they are much more accessible compared to playing in a land-based casino. Most casino sites also have a wide variety of games to choose from.
With online casinos, you can deposit funds and withdraw your winnings through bank transfers, credit/debit cards, and cryptocurrency such as Bitcoin (BTC) using your preferred e-wallet. Cryptocurrency is a decentralized digital currency used to buy goods and services online.
Since it is decentralized, the government or central authorities have no control over transactions. It also cancels out the use of third party merchants. This is why quick withdrawal Bitcoin casino transactions can be enjoyed by bettors on these sites.
Every crypto transaction is recorded on a public distributed ledger called blockchain. Even though it is accessible by anyone, it is almost impossible to change or alter any information because it is made with complicated cryptic codes.
Bitcoin is the first and largest cryptocurrency developed by a pseudonymous Satoshi Nakamoto in 2009. Since BTC was released in the market, there have been a lot of investigations to find who the real Satoshi Nakamoto is. Despite this, his true identity still remains a mystery.
Unlike other coins in the market, BTC has a limited supply of 21 million coins. It also has the highest trading volume which is why you can easily trade them with other currencies. With the increasing number of BTC users, most online casinos are now on the verge of accepting the use of Bitcoin and other coins.
Aside from being decentralized, here are the other reasons why you should use BTC when playing casino games:
Fast transactions
What’s great about using BTC is that it guarantees fast and cheaper transactions. You don’t need to wait for 3 to 5 banking days for the amount to reflect in your account because most BTC transactions will only take a couple of minutes. You can withdraw $2,000 as fast as taking $20.
Enhanced privacy
Even though your transactions are recorded on the blockchain, your personal information is hidden and encrypted. You also don’t need to provide any personal information with every BTC transaction. Simply provide your BTC/e-wallet address or scan the QR code. This reduces the risk of exposing yourself to hackers. Make sure not to share your password with anyone and use multi-factor authentication.
Bonus and promotions
Keep an eye out because some sites offer bonuses if you use BTC to deposit or withdraw. It can be free spins bonuses or bonus money that you can use to place more bets. However, make sure to check the wagering requirements first to see if you can meet the number of wagers needed to claim your reward.
High maximums and low minimums
When using Bitcoin, you can deposit as low as $5 into your account, maybe even lower. You can also withdraw five to six figures depending on your preferred currency without any trouble.
Global currency
Aside from being the largest coin in the market, Bitcoin is also recognized as a global currency. You can use BTC to transact from anywhere in the world. One of the best features of BTC is that it blurs the borders between countries.
Even though there are a lot of advantages when using BTC, you should still be aware of how volatile it is. This simply means that its value changes within minutes or even seconds. This is why you need to check BTC’s value in the market before cashing out.
Nevertheless, Bitcoin is still one of the most preferred payment methods, especially if you prefer a quick withdrawal Bitcoin casino option. You can even invest in this crypto as you use it to play your favourite casino games.
