The last decade has experienced tremendous growth of blockchain technology. Consequently, cryptocurrency has surged in popularity and has been widely embraced in all spheres on the earth. Interestingly, the roof of cryptocurrencies has yet to be reached, which means that you stand to reap gains anytime you board the train. Bitcoin is the leading cryptocurrency, with Forbes giving it an evaluation of $69,000 at the time of writing. Subsequently, online casinos have tossed themselves into the game and are supporting bitcoins as a payment method. You can find safe and reliable bitcoin casinos by casinojungli and get started irrespective of being a pro or an amateur.
There are myriad benefits reaped from using bitcoin casinos, putting them as a norm for the future. These benefits are:
1. Anonymous gambling.
The most outstanding standout feature that sets apart bitcoin gambling over regular trading is the high degree of anonymity that you get when using bitcoins. Your name, address, and banking accounts are not needed when registering or during withdrawals, perhaps only the email address affiliated with the bitcoin wallet. Therefore, there is no personal information that can be accessed by the other players or the bitcoin casinos.
2. Zero processing fee
Bitcoin casinos by casinojungli have zero deposits and withdrawal fees charged when using bitcoin as your preferred payment option. The zero fees can be attributed to the casinos’ currency conversion rates, meaning that the bitcoins you deposit from your wallet are the bitcoins that reflect on your account. The same is true when you withdraw your winnings. This is formidable compared to the hefty processing fees incurred in the past from unregulated standard casinos. Some unregulated casinos have even charged fees accruing up to 10% of your winnings on withdrawal.
3. Betting with bitcoins is safe and secure
Blockchain technology is renowned for its state-of-the-art security in carrying out transactions. The anonymity rendered when depositing or withdrawing is the first level of protection that you get when gambling on bitcoin casinos. Additionally, your transactions are encrypted multiple times when transferring your funds between your bitcoin wallet, making it impossible for the top hackers to steal your bitcoins.
You can also increase the security of your bitcoins by ensuring you sign up with regulated bitcoin casinos. The online casinos with licenses from reputable regulatory bodies such as Malta Gaming Authority, The UK Gambling Commission, and The Curacao Gaming Control Board are reliable. They may also possess SSL certificates and formidable firewalls for enhanced security.
4. Fast deposits and withdrawal speeds
Bitcoin casinos have a fast processing speed beyond reasonable doubt for your deposits and withdrawal fees compared to traditional casinos. You can place your bet fast and play the wide variety of games offered at the casino. The lack of a third party like money broker to offer conversion means that transactions happen between you and the casino. The transaction will reflect on your bitcoin wallet for withdrawal or betting account for deposits almost immediately.
5. Mind-blowing bonuses
The novelty associated with blockchain technology means that every organization involved in bitcoin wants to have the upper hand over their competitors. Bitcoin casinos are willing to offer you massive bonuses when you register and play on their platform.
Examples of bonuses offered are deposit bonuses, free spins, no-wagering bonuses, and reload bonuses. You may consider getting yourself acquainted with the terms and conditions governing claiming, grabbing, and redeeming your bonus to ensure you do not miss out. There are also bonuses exclusive only to bitcoin players, which puts you in luck and offers you an advantage over the fiat currency players.
6. Global acceptance of bitcoins
No institution or any government does not regulate Bitcoins. Consequently, bitcoin has been commonly referred to as the world’s currency where you can trade or use them across all the countries. You can be assured that bitcoins work the same across all the bitcoin casinos, irrespective of which country you live in. The future is also promising to increase the use of Bitcoins by all merchants, even in purchasing basic needs. Therefore, making your winnings in Bitcoins today puts you in a privileged position in the coming years.
Blockchain technology follows a public ledger where cryptocurrency exchange needs to be recorded and available for all to see. This explains why you cannot use the same bitcoins to purchase two services. The transparency governing bitcoins transactions makes it possible to prove that you made a deposit or verify the payment made by the casino. You can later take this up with the casino whereby they will be willing to help or with the regulatory authority that has rules to protect players from being exploited by the online casinos.
In conclusion, Bitcoin casinos are the present gambling platform, and the future only adds to the numerous advantages that the players will experience. You may also consider reading more about Bitcoins, such as Bitcoins volatility and how to purchase bitcoins online from credible sources.
Chris Mcdonald has been the lead news writer at complete connection. His passion for helping people in all aspects of online marketing flows through in the expert industry coverage he provides. Chris is also an author of tech blog Area19delegate. He likes spending his time with family, studying martial arts and plucking fat bass guitar strings.