5 Good Reasons to Gamble with Bitcoin

Online casinos are all the rage right now and have been for the past 5-6 years. They’re a legalized form of online gambling regulated by leading jurisdictions and governing bodies. Gone are the days when everyone considered online casinos a scam. Although there are scammers still out there, most casinos online are fully legal and safe to play at.

In the past few years, many online casinos have been adding Bitcoin to their list of payment options. Considering the popularity of the cryptocurrency, it shouldn’t come as a surprise. Even though many people still think that this makes it easier for casinos to partake in illegal activities, it’s actually the opposite. Operators are adding Bitcoin to the list of payment options thanks to its advantages over other currencies.

5 Reasons to Gamble With Bitcoin

There are many reasons to gamble with Bitcoin. First and foremost, it’s a totally anonymous and safe digital currency, while many operators have designed special bonuses and games that are fuelled by Bitcoin. It is a cost-effective, private, and pay-to-play platform with instant payouts. Plus, the stakes are much higher when playing with Bitcoin due to the high value.

• As Secure As It Gets

It’s all about security and privacy when it comes to Bitcoin. When stored correctly (e.g. cold storage), Bitcoin is probably the most secure digital currency out there. Your Bitcoins should be secured with a strong password that’s tough to crack.
Additionally, storing them on a portable hard drive instead of in the cloud or e-wallets will keep them safe from hackers.

Due to this, Bitcoin is a great option for online gamers. When compared to e-wallets and other methods, Bitcoin is much safer. For example, if hackers bring down your favorite online casino, your credit/debit card information will most likely get stolen. This won’t happen with Bitcoin since it’s encrypted by a strong password only you know of.

If anyone asks for your password, you’ll know it’s a scam. Keep things to yourself and your Bitcoins will stay safe.

• Anonymous Gambling

All forms of gambling come with a social stigma that keeps players away from online casinos. Using your credit/debit/bank account details might let others know that you play casino games. Although most people do it for fun, casino games are associated with addiction. Thanks to the anonymous nature of Bitcoin, though, this won’t happen.

With cryptocurrency, you can play all the casino games you want without being judged by others. And, that counts as a big factor for many online players.

• Low House Edge

Did you know that Bitcoin casinos have a significantly lower house edge than regular online casinos? Some Bitcoin slots come with an RTP of 99% which sounds much better than the default RTP in the online slots in the industry which floats just around 96%. Even though it’s only a few points higher, it makes all the difference in the world.

If you’re a poker player, you’ll be pleased to know that the rake is also reduced in Bitcoin casinos. The lower house edge is one of the biggest reasons why you should gamble with cryptocurrency. After all, your chances to win are drastically improved with it.

• No Transaction Fees

As a digital currency not used for financial transfers, the transaction fees for Bitcoin are almost non-existent. Although not at 0%, they are far lower than what you’d expect when using debit/credit cards.

Everyone wins with the low transaction fees. Players get more of their winnings when they request a withdrawal, while casinos save a lot of money they can invest in other things.

• Instant Payouts

If you request a withdrawal in BTC, expect to see it in your wallet in 24 hours or less. Although there’s no such thing as instant-paying casino, Bitcoin casinos come pretty close. Who wouldn’t like to see their winnings in their e-wallet in around an hour? It’s the fastest withdrawal option out there and one of the main reasons that makes Bitcoin gambling so attractive.

Even More Reasons

These are only 5 of the main reasons to gamble with bitcoin. But, trust us – there are many more. Bitcoin is optimized for online gaming since it was created for online use specifically.

When compared to credit and debit cards, which weren’t meant for online use, it’s faster, more secure, and more cost-efficient. Instead of sticking to inefficient payment processors, Bitcoin is cash for the digital age which doesn’t require banks in order to function. It’s almost a perfect solution for online gaming and the future of the online casino industry.

All Bitcoin casinos use the so-called provably fair concept of gaming. They aren’t evaluated by third-party auditors, but that doesn’t make them unsafe. As a matter of fact, these casinos audit themselves with the Provably Fair concept.

What this feature does is sent a result of your roll or spin to a computer in advance so you can see the result for yourself. You can check each game’s RTP on your own without the need to visit third-party websites. It’s a great feature which gives Bitcoin casinos the credibility they deserve and lifts the stigma on cryptocurrencies as well.