As bitcoin advances and other cryptocurrency projects develop, more traditional online casinos are looking to get into the bitcoin casino arena. This is a welcome step because it allows these casinos to increase the amount of competition in the bitcoin casino industry, giving players more choices. On the flip side, traditional fiat online casinos benefit from technology developed for the bitcoin casino industry that they can now offer to their fiat players. This development will also benefit players greatly. Aside from increasing competition and enhancing bonus packages, fiat casinos accepting bitcoin will allow players to enjoy new games and will also grant them access to the exciting world of cryptocurrency.
See which casinos are now accepting Bitcoin and check out their incredible bonuses:
Advantages of Bitcoin Gaming for Fiat Casinos
Apart from the attractive bitcoin jackpots, fiat casinos will benefit from access to blockchain-based games like the famous Satoshi Dice, provably fair technology – which allows players to independently check the randomness of each spin/roll and verify that no one is intervening to alter the outcome of a spin/roll – and other bitcoin themed games like Satoshi Secret. These games open a whole other world to players, because of their enhanced player experience, their simplicity and the unique story lines. This will allow fiat casinos to expand their customer base as well as to increase game selection for their existing players. Certainly a win-win for fiat casinos.
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Advantages of Bitcoin Gaming for Fiat Players
Much like the advantages that casinos will enjoy, the players will also be able to have an enhanced gaming experience. Apart from provably fair games and increased game selection, fiat players will now be able to experience all the other advantages that come with bitcoin gaming. These advantages include:
- Instant or quicker withdrawals, since bitcoin transfers are lightning quick.
- Better bonus structures, because there will be more competition.
- Bitcoin jackpots that grow when the price of bitcoin rises, giving players a double win.
- Higher customer care standards, given that the bitcoin community is very demanding with the quality of service and the quality of gaming.
- Some traditional casinos will be even tempted to offer classic bitcoin features, like no registration and anonymous gambling.
Additionally, fiat casinos that open up to bitcoin gaming will inevitably apply some of the bitcoin casino standards on their fiat gaming side. These casinos will be more prone to implement provably fair systems or similar technology on their fiat gaming side. They will also raise their customer care and service standards and will probably try to improve their withdrawal policies on their fiat side to keep up with the high standards of bitcoin gaming.
This is all good news for players who still want to keep playing on fiat games. They will enjoy many of the advantages of the bitcoin gaming side, on the games they like the most. They will not have to change to bitcoin gaming if they do not want to, but will still enjoy the higher standards that their favorite casino will acquire from its bitcoin gaming venture.
Many players looking for fiat casinos that accept bitcoin can get a little mixed up with the definitions. To clear that up, it is important to know that sometimes fiat casinos that accept bitcoin are referred to as hybrid casinos. This means that they are not purely bitcoin casinos or purely fiat casinos but they accept both types of currency. Hybrid casinos also include pure bitcoin casinos that opened up to the fiat casino industry, which might also be attractive to fiat players looking to try bitcoin gaming out. These casinos offer the same kind of advantages that bitcoin casinos offer to their fiat players – except for immediate withdrawals, which can only be done through bitcoin. In effect, when a fiat casino starts taking bitcoin payments, it may also be defined as a hybrid casino, just like the bitcoin casinos that opened up to fiat gaming.