As the online gambling industry expands with each passing year, so does how we bet our money. The evolution of payments in an online casino environment has changed rapidly, from classic bankcards to e-wallets, vouchers, and even cryptocurrencies. The last category is especially prevalent in the so-called Bitcoin Casino. These are gambling sites that offer payments through electronic coins. In this article, we shall take a closer look at the reasons behind the growing influence of Bitcoin- and Crypto Casinos on the web.
The Cryptocurrencies “Casino takeover”
Today it is more popular than ever before to venture out on the internet in search of gambling opportunities. The online Casino industry operates on a global scale and can offer up a wide variety of different experiences and prize potentials to customers. One of the main reasons for the increase in gambling, especially in the western hemisphere, is the easily accessed platforms that house casino operations.
It has become much easier to bet your money online, in many aspects. For one, and maybe the most apparent, you can now gamble from the comfort of your own home. An internet-based casino site does not require any travel like the older version of gambling halls. It is also easier to initiate and complete payments and withdrawals from casinos, more so now than before.
The payment options of casinos online have seen rapid technological evolution and stand today as an effigy of proficiency and speed. The most obvious aspect of how money transfers to and from online casinos have evolved is related to the ever-growing interest in Cryptocurrencies. These block-chain controlled electronic coins have become one of the standard payment options on several of the bigger gambling sites today.
The phenomenon of cryptocurrency payments when gambling online has even given rise to a new term: Bitcoin Casino. These are sites that either specifically caters to the crypto-costumers or at the least have cryptocurrencies such as Bitcoin as a preferred option for payments. Bitcoin Casinos (Or Crypto Casinos) belong to the new dawn of gambling sites and have already gained a lot of traction amongst the international casino customer base.
The advantages of Bitcoin Casino
But why would people prefer to play with Cryptocurrencies online? There are many reasons why this is the preferred method. Following down below you will find a list of the various advantages of both paying and withdrawing your gambling money through electronic coins. Let’s investigate this question further!
- Safe and easy
- Anonymous gambling
- Market value determinations
- Opportunities for special bonuses
Safe and easy
First and foremost, cryptocurrencies such as Bitcoin are safe to use in an online casino setting. A Bitcoin Casino that offers cryptocurrencies as a payment method also has to guarantee that all transactions take place in a safe environment.
This involves exceptional coding and a high level of security through encrypted servers. It also means that both parties i.e., the gambling site and the server on which the cryptocurrency is stored, deliver high security to the process. You can thus always expect your payments on a Crypto casino to be utterly safe and should in virtually all instances take place without a hitch.
Anonymous gambling
Another perk of being a customer of Bitcoin casinos is the anonymity that comes with this type of gambling. The movement and trading in Cryptocurrencies are notoriously hard to track. Therefore, there is no real way for your payments to be “followed” online by an external party. This protects your money from criminal activities online, whilst it also lets you remain unseen by any other interested party. This is a preferred way for many people to gamble, out of sight and out of mind.
Market value determinations
Electronic coins such as Bitcoin are indeed as much a currency for trading as it is an investment opportunity. The value of Bitcoins can change rapidly depending on the market’s strength. To some extent, Cryptocurrencies can thus be compared with stocks, in that their value is “fluent”. This could be an extraordinary advantage for those that gamble with cryptocurrencies online.
In theory, a customer could make a payment when the market value of the said coin is relatively low. Then, if the market value increases, your assets on the gambling site would also increase. This would give you more to play with in sheer money value.
Opportunities for special bonuses
Lastly, many of the Bitcoin casinos you find on the web today, offer special bonuses to those that pay with cryptocurrencies. Casino bonuses are always something that attracts customers. They also come in a large variety. As an example: When gambling with say Bitcoin, you could stand to get extra money to play with. Some bonuses offer Bitcoin users free spins.
These give you access to a select number of slots, free of charge. Any money you manage to win belongs to you. Some bonuses are specifically put in place for Crypto Casino with betting on sports. In this scenario, a bonus could mean that you get a few free bets or more beneficial pay out-options when winning.
Regardless of how you look at it or your view of cryptocurrencies, facts state that this type of gambling is more popular than ever before. One would be wise to also expect Crypto gambling to increase in popularity in the years to come. If you already own electronic coins, and also have an interest in online gambling, you could combine the two and get to experience the latest and in all likelihood the future of online casinos.
