Everything Bitcoin seems to stick nowadays, the cryptocurrency can be used to purchase goods and services online, heck, it can even be used to play at Bitcoin-friendly online casinos now. One of the best resources online for everything Bitcoin should bring you the latest news, the best casino games, the best Bitcoin Casinos to play at and why they’re the best.
One of the fundamental reasons as to why Bitcoin has become the go-to currency for many online gamblers is because it’s decentralized. Players are tired of being hemmed in by governments telling them what to do and what not to do with their hard-eaned cash. To a degree the digital currency is busy levelling the playing field and we might add for the better. It’s empowering your average Joe and Sally but it must be used with discretion as well.
The primary selling point of any Bitcoin Casino is that its games are ”Provably Fair”, it incorporates an algorithm that enables users to verify how a deck of cards was shuffled. As such it weeds out the possibility of a casino tampering with the software at the behest of the player. It gives the player the ability to go under the hood if foul play is suspected. Another important feature about the process is that it eliminates the need for certifying bodies and third-party auditing.
Advantages and Disadvantages of Bitcoin
Before players can withdraw the cash they’ve won at a traditional online casino they must jump through a bunch of registration hoops such as providing copies of their personal documents and bankstatements first. This is not necessary with Bitcoin because it bypasses traditional monetary transactions, operators who use the digital currency don’t need to collect streams of data from their customers.
The only bit of information the Bitcoin player needs to provide is an email address and user name. However, it can pose a problem too since it opens up the door for minor players. Luckily top Bitcoin operators such as Netbet Casino is compelled by the UKGC (United Kingdom Gambling Commission) to have the necessary protocols (software) in place that prevents minors from gambling online.
Bitcoin is a decentralized cryptocurrency that is not controlled by banking institutions neither is it controlled by governments. As a result it has become the perfect monetary unit because it’s not curtailed by online gambling regulation imposed by governments. Because of the anonymity factor it bypasses any form of regulation and still considered a ‘grey area’. However, anonymity does come with its fair share of headaches, although Bitcoin gaming sites stipulate in their terms and conditions that they don’t accept players from certain jurisdiction, they seem to turn a blind eye.
Why Use Bitcoin To Gamble Online?
Bitcoin Casinos are multi-dimentional, here’s why. They’re not just your run-of-the-mill sites; they are licensed in credible jurisdictions that includes the UK and Curacao. In addition their gaming platforms have hundreds of instant play and downloadable casino games that includes an array of slots, table games (blackjack, roueltte, craps, baccarat), progressive slot jackpots that pays millions of dollars, video poker, live dealer casinos, a mobile casino, bingo, keno and scratch cards. The iGaming vendors that power these games are industry heavyweights starting with Net Entertainment, Microgaming, Play N’ Go, Yggdrasil, Evolution Gaming (live casinos), Rival, Betsoft and RealTime Gaming.
When it comes to awarding perks, first time depositors will feel right at home with a sign on bonus package coupled with free spins. Players must keep in mind that before they accept a bonus the bonus terms must be completed first before a cash out is allowed.
High rollers receive extra perks starting with special bonuses, dedicated VIP managers, birthday gifts, lower wagering requirements attached to bonuses, 20% cash back on their losses and once they’ve accumulated a certain amount of comps they can exchange them for real cash.
The best Bitcoin casinos also run daily, weekly and monthly promotions where active players can win comps, reload, bonuses, free spins and various cash prizes by playing the newest 3D slot releases.
In summary. There little doubt that Bitcoin and other digital currencies are going to play an increasingly larger role in the online gambling world and the online economy. As the global economy becomes more volatile the demand from Bitcoin will increase and so will its value.