Advantages of Using Bitcoin at Online Casinos
Since its invention in 2009, Bitcoin has taken the world by storm. It has seemingly endless uses, one of which is in the realm of online gambling. Online gambling came about all the way back in the 1990s, but it has seen a bit of a revolution over the last few years – largely thanks to the rise of Bitcoin. But what exactly are the advantages of gambling with Bitcoin, and why should you be doing it?
Back in the early days of online gambling, cyber security was pretty much an afterthought. Online casinos developed a horrible reputation for being prone to hacks, and linking your bank account or signing up at one was a bit of a gamble (so to speak).
However, as the web grew, online casinos became more and more internet savvy – introducing encryptions and various safety methods to ensure the security of their players’ private information. Still, even today, online casinos are not impenetrable (although nearly).
Because Bitcoin is decentralized, it’s vastly more secure than fiat methods. Your name isn’t attached to your BTC address, and hacking a Bitcoin casino is much more difficult than hacking a fiat one.
Due to licensing restrictions, it’s virtually impossible for a casino to offer every available currency or accept players from everywhere in the world. That means that many players will either have to find a platform they’re not totally happy with, or exchange their native currency for an accepted one.
However, Bitcoin can be traded on every square inch of the globe. There are no border restrictions to it, and if you own Bitcoin you can play at a Bitcoin casino.
Faster deposits and withdrawals
Fiat casinos have a reputation for slow transactions. Deposits can take up to 24 hours to reflect (depending on the platform and your chosen payment method) and withdrawals can stretch even longer (much longer).
Constrastingly, deposits are virtually instant with Bitcoin. Withdrawals may take slightly longer, but they’ll definitely be much faster than fiat options.
Start Playing with Bitcoin Today
There’s nothing stopping you from starting your Bitcoin playing journey off right away. If you already hold BTC, great! Find a Bitcoin casino and deposit. If you don’t have BTC, you can quickly and easily buy BTC via an exchange like Binance or Coinbase, or a marketplace like LocalBitcoins. Bitcoin casinos will change your gambling life – for the better.