One of the top online gambling trends among experienced bettors is playing at bitcoin casinos. The matter is that the burst in the cryptocurrency market leads to its spread into various spheres and gambling is not an exception to the rule. What are the main peculiarities of gambling using bitcoin? What should you know to become a successful player at most popular bitcoin casinos? The answers below!
What is Bitcoin Casino?
Bitcoin casino is a type of classical online casino you got used to, but with a new option to accept Bitcoin cryptocurrency as one of the payment methods. These casinos usually offer the same number of functions and bonuses, as any other online casino. However, online gambling with bitcoin can provide you plenty of additional benefits.
Advantages of Gambling Using Bitcoin
- Higher security level of transactions. Since Bitcoin owners use e-wallets, it becomes amazingly easy to transfer funds. You can make your bet using Bitcoin in just a couple of clicks;
- No third parties involved. Bitcoin is one of the most popular digital currencies, so you will not need to use any third parties, like bank or agents to deposit funds or withdraw your winnings;
- No personal information required for making bets or receiving your cash prize. No more credit cards or middlemen that always ask your private data! The only thing you need is an Internet connection;
- Incredibly fast transfer period. As a rule, transfers with bitcoin usually take a few seconds. The maximum span might reach 1-3 hours. In case you use money transfer, you might be waiting for up to 24 hours;
- No extra fees. Bitcoin transfers usually require little to no additional fees. However, some online casinos might charge small amounts; so make sure to read the rules beforehand;
- You can play all types of gambling machines. Online Bitcoin casinos offer the same number of games as classical online casinos. So, you might easily play your favorite game and pay it with Bitcoin.
Disadvantages of Gambling with Bitcoin
- Taxes. Although Bitcoin is not considered to be an official cryptocurrency, some countries might require to pay taxes. The reason is the each Bitcoin has a certain value;
- Bitcoin remains to be unstable. Since it is a new currency, it has been affected by numerous factors that lead to significant fluctuations of Bitcoin value. It might easily decrease or increase through some time;
- No possibility to cancel your payment. Gambling might be often adventurous and excitable, making you betting more an more. However, you cannot cancel the payment once you have made it. Therefore, you should be very picky while choosing your Bitcoin Casino and find the most secure and reliable one.
As far you can see, payments with bitcoin has both benefits and disadvantages. However, we suppose that using Bitcoin for playing online Blackjack, Slots, Roulette, Craps or Baccarat is really worth it. Not to mention, most Bitcoin casinos offer plenty of additional Bonuses for those who choose paying with Bitcoin.---
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