It’s fair to say that bitcoin has taken the world by storm and every big news outlet has published at least a couple of opinions on this cryptocurrency.
You might already know everything about blockchain technology and that bitcoin transactions are completely fee-less, but there’s more. This alternative money can be used to gamble online and makes it extremely simple.
Here are just a couple of benefits you will enjoy by joining a bitcoin casino, compared to a regular FIAT currency one:
- Ability to play anonymously, as BTC casinos normally do not ask for any personal info whatsoever.
- No fees on deposits or withdrawals. If you ever deposited to an online casino site with a credit card, you’ll know the pain of paying up to 5% on each transaction. Let’s not even touch the horrible fees on withdrawals.
- Since play is anonymous, casinos do not need to perform KYC (know your customer) checks. No need for scanning your documents or trying to find a utility bill that is not outdated and has your registered address on it. FIAT casinos often use this as an excuse to delay paying you – never again, when using bitcoin.
- Not only are withdrawals fee-less, but almost instant. On average a withdrawal is approved and available in your balance within 10 minutes after it’s requested.
So What’s The Catch?
There’s only one thing we can think of that might you scare from using bitcoins – volatility of the value. The currency is still quite far from scale so the price tends to jump up and down, based on that days demand for purchase or sale of it. Though this is within 5 to 10% and much higher swings have not been seen for a while now.
Are Games Of Lower Quality?
It used to be the case, yes. First gambling sites that accepted bitcoin were almost exclusively dice games, and did not really provide much of what you might be used to at regular online casinos.
Those days are long behind though and now all major software providers that provide their games for FIAT casino sites are also in this niche. We are talking about MicroGaming, NetEnt, Ezugi, BetSoft and others, who have now successfully integrated support for this payment method.
If anything, these major companies help cement bitcoin’s position as a currency and technology that has to be taken seriously. We are certain that the whole iGaming business will benefit from it.
Can US Players Play?
Absolutely. Most sites will accept players from all over the world. We recommend 7Bit Casino, who are utilizing platform created by SoftSwiss. Players get access to 1000+ games from the likes of NetEnt, MicroGaming, Ezugi, Amatic, Endorphina, BetSoft and many others.
They are among the providers who offer a chance to choose between play in $US or bitcoin. If you dont have any coins yet, there’s also a way to buy them right away, thanks to a service provided by Cubits.
Playable On Mobile?
All major bitcoin casinos offer mobile versions of their games, yes. As mentioned before, major platform and game creators are on board with this cryptocurrency, and thus have converted their games to be playable from iPhone, iPad, Android and most of the other modern devices.
Are There Live Dealers For Bitcoin?
Several companies are already in the bitcoin live casino space as well. While Evolution Gaming, who we would consider the best one out there, are not in yet, there are Ezugi and BetGames.tv who both provide games of pretty high quality.
You can play live blackjack, roulette, baccarat and a handful of other games, such as lottery and wheel of fortune.
So if major industry players are on board, it means that progressive jackpots that are offered by FIAT casinos are also available to be played for bitcoin? Yes and no. Some of them are in-fact pooled while others are exclusive to bitcoin only.
Mega Fortune, the Guinness World Record winning slot machine, is one that seems to be pooled and can turn you into a bitcoin millionaire overnight.
If you don’t mind giving personal information to casinos and paying high fees on deposits and withdrawals, keep playing at regular casinos. On the other hand, if you hate both of those aspects, it’s worth switching to bitcoin immediately, especially if you are based in the United States.
As said before, you don’t even need to own any coins now. Just sign up to 7Bit Casino and use their in-house service to buy bitcoin with credit card. That’s how you get started and the rest, read the horrible experience at many online casinos, will be history.