2009 was the year that Bitcoin came into existence; its debut marked by an underwhelming yet infamous pizza purchase. Now, 10 years later, it’s the biggest cryptocurrency in the world. Bitcoin is constantly proving itself to be a revolutionary platform across numerous channels, including online gambling - one of the largest markets for cryptocurrency. It is not only a popular hobby but a growing sport for users of this new currency. Now you’re wondering, why play bitcoin casino? Let’s break it down to a few advantages.
- Bitcoin is decentralized. The use of this cryptocurrency does not fall into the hands of the government or any central financial institution. It’s a currency that operates on a system of its own. And while that has drawn flak from a lot of people in the past, the technology behind Bitcoin, the blockchain, is pretty much solid. All transactions are carried out digitally without the aid of third-party institutions, making processes go much faster and seamless.
- Minimal or no extra charges. The reason why bitcoin casinos are on the rise is that money transfers and deposits using bitcoin incurs cheaper or even no fees at all, since everything is digitally processed and no company or external body carries out bitcoin transactions. The fee usually just comes from sportsbook juices or service fees.
- Anonymity. Bitcoin is safe to use in bitcoin-friendly countries even without legal tender, but one of its most solid safeguards in casino betting is that you can play without revealing your identity. One of the main concerns casino-goers have in mind is that exposing sensitive personal information online can be detrimental to their experience. Thanks to bitcoin, which only uses system-generated addresses to verify transactions, they don’t have to worry about that.
- Accessibility. Bitcoin casino bettors love the convenience of having a non-physical wallet that they can access anytime and anywhere they want. It’s impossible to misplace because it exists digitally. But aside from that, having a seperate money of different currency dedicated to casino betting alone is also a good way to handle finances.
- Suitable for investment. Bitcoin has always been viewed as an investment vehicle that has great potential, now that the demand is steadily increasing and its value is far from dwindling. Using bitcoin to bet on the casino is already an investment on its own.
Why play bitcoin casino, you ask? It’s tied with the key factors that online gamblers look for - convenience, anonymity, practicality, safety, and most importantly, growth.
Every pro sports bettor out there started as a beginner. And every poker or casino expert started as a neophyte. I haven’t reached the pinnacle of the betting world yet, but everyday I try to move closer to it. I created this blog so we can learn together and eventually be better, responsible bettors. Follow me for more tips and strategies on betting, casino gaming, and poker. I usually base my content on my betting experience at Nitrogen Sports. Their blog is also extremely helpful for updates. Check them out here: https://blog.nitrogensports.eu/
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