Bitcoin is not only the main cryptocurrency used online, it is also one that is being used more and more often in online gambling.
There are many reasons to use a bitcoin casino. Here are just some of the ones that may make you think you should be doing this too.
Secure payments — The main reason so many gamblers online now use Bitcoin for gambling on online casinos is the security it offers. Unlike bank accounts, which can be insecure when compared to a Bitcoin e-waller, the only information an online casino gets when you transfer currency into your account is the letters and numbers associated with your Bitcoin account.
Complete anonymity — If you transfer gambling funds from your usual bank account, PayPal account or other online banking system, your name and some identifying personal information is connected to that. This means you are never quite anonymous when gambling online.
With Bitcoins, however, there is absolutely no personal information that is attached to your Bitcoin e-waller. This means you can transfer as much money as you like, or win as much money as you like and transfer it back to your Bitcoin e-wallet. Nobody at the online casino can find out who you are, where you live or any other personal information about you.
Fee free — When you transfer gambling funds from your bank account to your account at an online casino, you will usually have to pay fees. After all banks nowadays never allow you to transfer money for free, and neither do companies like PayPal.
If you use Bitcoin, however, there are no fees associated with it, so every transaction into and out of your Bitcoin e-wallet is free of charge.
No payment delays — Getting started gambling online can be frustrating as banks will often delay your payments into your online casino account. This can sometimes mean a delay of two or three days from transferring your money to an online casino account to actually receiving it in the account so you can gamble.
With Bitcoin, however, there are no delays at all. Simply transfer the number of Bitcoins you wish to use for gambling into your online account. The transfer is instantaneous, and you can immediately begin to gamble online. A far cry from using your normal bank account and far less frustrating as well.
No legal restrictions — Some countries do not allow their citizens to gamble. As there are no identifying marks with a Bitcoin account, however, that allows anyone to gamble using Bitcoins. It also allows them to win money, and then have it transferred inoto their Bitcoin e-wallet without anyone being able to find out.
Bitcoin is becoming one of the most popular ways to gamble in online casinos nowadays. If you have not tried it yet, you really should.