The increasing trend of gambling through Bitcoin casino sites has rivaled brick-and-mortar casinos from different countries, may it be Singapore, the United States, or Macau. Its continued popularity has many factors, so let’s get into it.
Bitcoin Gambling’s Popularity
There are many things that makes Bitcoin as cryptocurrency such a preferred option to many gamblers who want to take part in online gambling. But the three major reasons are the following:
First is anonymity. Some may consider Bitcoin as pseudo-anonymous, and not wholly anonymous, but there’s no denying that it’s still a step up from many payment methods. When using Bitcoin to transact online or to play Bitcoin online casino games, it does not ask for personal details like name, address, contact information and others. When you use Bitcoin, your personal information will not be included in your Bitcoin address. Which, some sports bettors prefer keeping their personal lives only to themselves, maybe for security or to hide identities. Nevertheless, Bitcoin will provide that need for bettors. While it’s worth nothing that Bitcoin transactions can actually be tracked from one Bitcoin Wallet to another, none of these transactions are linked to a person’s identity.
The second reason affecting Bitcoin gambling’s popularity are the quick and seamless transactions, may it be for withdrawals or for deposits. If you use Bitcoin over other cryptocurrencies, you are eligible to experience faster deposits and withdrawals despite the large size of your bets. These are free and can be confirmed within minutes. On top of that, these Bitcoin casino transactions don’t charge hidden fees or charges from the players. Regular online casinos that don’t support Bitcoins can take days, or even weeks, when it comes to withdrawing funds.
The third major reason is the new systems and features these Bitcoin gambling sites offer. Bitcoin online casino games are declared as provably fair. If you want to prove this, there are a handful of provably fair verifiers to help you ensure that the casino game you’re playing is transparent, fair, and accurate. On top of that, Bitcoin gambling sites can give the player the server seed. This is the most transparent proof that Bitcoin, as a cryptocurrency, and Bitcoin casino, as a platform, is the best when compared to other payment options and regular casino sites.
Joining The Bandwagon
Joining the bandwagon in patronizing Bitcoin gambling sites is not a bad thing. Gambling on these websites can offer you the aforementioned benefits and nature of Bitcoin as a cryptocurrency and as a payment method for gambling. It is, without a doubt, your best option.