5 benefits of bitcoins at Online Casinos
You’ve probably seen bitcoin as an option for adding cash to your casino account. And it’s no wonder: bitcoin is more popular than ever. If you’re looking for a new way to bank at your favorite casino, here’s 5 reasons bitcoin might be the best option for you.
1) No processing fees
Odds are you’ve had to pay to deposit or withdraw your money at an online casino. E-wallets, cash voucher companies, and banks often charge for the service – sometimes a lot.
With bitcoin, this is something you won’t have to worry about. Every transfer to and from a bitcoin wallet is totally free. Even fees charged by bitcoin exchanges are a lot lower than what you’d pay to use other services.
2) Bitcoin funds can’t be seized
Online gambling has been the target of several government and bank seizures over the years. We can’t imagine that it’s any fun having your winnings withheld. In the past, these seizures took months to resolve, and some players still have yet to recover their winnings from certain cases.
If you live in a country or territory where online gambling is a bit of a legal gray area, bitcoin can put your mind at ease. Unlike bank accounts, bitcoin wallets aren’t accessible to government agencies. You can simply keep your gambling bankroll in your bitcoin wallet and use it at your leisure. For maximum security, make sure you protect your wallet with a secure password.
3) You can remain anonymous
The one thing that sets bitcoin apart from other payment services is its focus on privacy. You never have to share any personal or financial information to use bitcoin. If you’re worried about identity theft, using bitcoin when possible is one of the simplest ways you can protect yourself.
What’s more, if you take a few precautions, you don’t have to worry about banks or other agencies monitoring the way you spend your money. Just buy bitcoins directly from other people and use a wallet that you have not registered under your name on an exchange or other service.
4) You can deposit small amounts
Online casinos bear a lot of the cost of transferring money. So, they have to enforce minimum deposit limits on most payment methods: if they didn’t, the fees would become too much.
Bitcoin doesn’t have this problem because there is no middle-man. Transfers happen directly between you and the casino you’re playing at. So, virtually all bitcoin casinos let you deposit however much you want, even if it’s just a few cents. There is no better option if you like to low-roll.
5) Provably fair gaming
Ever thought a casino was cheating you out of your money? The bitcoin casino world has come up with a way to put your mind at ease once and for all. It’s called provably fair gaming.
Before you start a game at a genuine provably fair site, you’ll be given an encrypted version of the server seed. You’ll also be able to enter your own client seed, either by typing it in or automatically through your browser. These will combine to determine the final result of the game. Afterwards, you’ll be given the un-encrypted version of the server seed, so you can check for yourself to see that you weren’t being cheated.
It’s a clever solution to a complex problem. But, like most good things, it’s open to manipulation. So be careful! Always make sure you’re given the ability to enter your own client seed and can verify the results of every game. It’s a good idea to read bitcoin casino reviews before playing so you know you’re getting a true provably fair experience.
All good reasons for bitcoin’s popularity
It’s easy to see why so many players are turning to bitcoin. And more and more casinos are taking notice. Whether you’re tired of high fees or just want to be safer when you play, bitcoin is definitely worth looking into.
No reviews yet, be the first