The Bitcoin hype is far from over. After two years of drought from that five-digit, twenty-thousand record breaker value in 2017, one would think that the demand for Bitcoin is finally coming to a halt. But it isn’t, and the Bitcoin casino industry can attest to that.

Ever since Bitcoin broke out of its cage, many online bettors instantly attached themselves to the beauty and potential of Bitcoin gambling. At the onset of its development, BTC already showed signs that it was going to spark the revolution for online casino betting sites everywhere.

Why is that?

Let’s first take a quick recap on Bitcoin and how things are done in a Bitcoin casino.

What is Bitcoin?

If you’re new to the world of ‘digital currencies’ and still have little to no idea what a Bitcoin is, don’t worry, because it isn’t that hard to understand. Bitcoin is a variation of the 21st century virtual currency, and the biggest one at that (so far). It was created to introduce a peer-to-peer basis of money transaction which is not administered by centralized institutions like banks, or government organizations. It still serves that purpose today.

Like cash, Bitcoin can be used to pay for goods and services from merchants who accept Bitcoin, and vice versa. All done digitally. As in an online casino, you play casino games, make wagers, and receive payouts in BTC using your Bitcoin wallet. There are online casinos that accept Bitcoin as an additional mode of payment, while other casinos operate on Bitcoin or other cryptocurrencies only.

Now let’s cut to the chase. What’s with Bitcoin that makes playing in an online casino much better?

Fund control

Bitcoin and the blockchain technology is decentralized. So essentially, Bitcoin users have more freedom and control of their funds because there is no central authority like financial institutions and even the government to interfere with their payment processes. With Bitcoin, you are able to handle your finances yourself while keeping everything private.

Security

Nobody wants to get into financial trouble due to mishaps and malware, especially in an online casino. Compared to traditional online payment schemes, Bitcoin offers a safer and much more secure system because of highly-optimized encryption mechanisms. Knowing that the blockchain nor your Bitcoin wallet cannot be tampered with, you can enjoy maximum safety with your funds.

Anonymity

Traditional payment methods, say, credit cards for example, require from its users to identify themselves and their card details whenever they make a transaction. With Bitcoin, there is no need to disclose such sensitive personal information. Bitcoin wallets generate unique alphanumeric addresses and a Bitcoin casino would only require you to create a username and password of your liking when you play. So you can enjoy betting at your own discretion when you use Bitcoin.

Faster transactions

Lighting-fast transactions are at the forefront of Bitcoin’s mission to revolutionize the online casino industry. Because Bitcoin isn’t handled by a singular authority, payments don’t trickle down in a series of approvals and steps before they are completed. Depositing funds in your casino account is just as easy as withdrawing them, because the transaction is only between you and the casino. No third party involved. It’s fast, cheap, secure, and optimized for Bitcoin casino gambling.

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