With the latest news that Bitcoin passed $ 40,000, there was speculation about what it means to us casino players. The success of the cryptocurrency has to do with the acceptance of bitcoin in our everyday lives.

More and more services are using Bitcoin as a means of paying for goods. And an industry that has been using Bitcoin for quite a long time now is the gambling industry.

Online casinos were one of the first to implement Bitcoin as a payment method to deposit money. Not only that, some casinos even allow you to gamble with the cryptocurrency.

The big question is; Do we want to see a world of bitcoin casinos? The answer is not just a big yes, but there is talk that these casinos will be the future of online gambling.

The decentralized control of Bitcoin

If you are a complete rookie when it comes to cryptocurrency, there is one thing you need to know. Bitcoin, as well as many other currencies, is decentralized. This means that there is no single unit or person who controls it.

Each owner owns a share. Another thing to note is that there is no third party check. If an online casino accepts Bitcoin as a deposit method, no one can reject your deposit, since no one has control over it.

Many online casinos accept the cryptocurrency as a means of getting around certain bank claws that can be quite destructive and restrictive. And if a particular online casino accepts crypto as a means of depositing money, there is nothing that prevents them from continuing the trend.

Bitcoin has low wiring and fees

The low fees are something that makes bitcoin very attractive. If the decentralized character of the cryptocurrency was not enough for online casinos, then it certainly takes the cake.

When you deposit the crypto on any platform, you usually pay fees lower than 1%. Most other payment methods such as Visa, MasterCard, Maestro card, Skrill, etc. take 3%.

You may feel that these are very small fees. It may be right, but what you do not know is that it is not you who pay these percentage. Most online casinos do it as a service to the customer.

So the benefits of the cryptocurrency are not just for the customers, but it certainly benefits the online casinos as well.

Read our guide about Casino games with cryptocurrency.

Fast and reliable transactions, withdrawals and deposits

Although Bitcoin does not have the lightning -fast transaction speeds of some of their competitors, such as Ripple and Litecoin, it is still fast.

Newer data shows that Visa is unfortunately still king in this connection. VISA cards allow 24,000 transactions per second, making it the fastest service out there. In comparison, Bitcoin makes only 7 transactions per second, even if it depends on the miners.

What people do not seem to understand is that you cannot be rejected with the crypto. Bitcoin minere is responsible for approving all transactions on blockchain, so you don't have to worry about a miner rejecting your deposit.

Banks, on the other hand, can reject your deposit so you get angry and frustrated. Although you may have to wait a few minutes for the deposit, there is something that appeals to many in the online casino industry. Online casinos that accept Bitcoin, such as Casino Friday, implement the cryptocurrency because it gives users a user -friendly method to insert.

Another thing we know about blockchain is that it is completely anonymous. This means that people can use it without anyone knowing it. And that's what makes it such a popular payment method at online casinos. If people are worried about the online privacy, you can rest assured that Bitcoin has covered you.

Many people fall into that trap to create fake details to create accounts at online casinos, and it creates a problem in itself.

With cryptocurrency, everyone is anonymous. The biggest problem with online casinos is that they ask for your ID as a verification agent. This is a problem for many who do not really trust the service they use.

This is not the case with online casinos that accept Bitcoin as a payment method.. All you have to do is create an account and you don't even have to use your main email address.

The anonymity factor is what makes them so popular and perhaps even the future of the online gambling industry.

The sudden resurrection of Bitcoin will certainly have a positive, long-lasting effect on the online gambling industry. Everyone wants to jump on the Bitcoin hype, including the online casinos. While there were only a few companies that accepted the cryptocurrency in 2010, there are now thousands.

This is what gave birth to the term "bitcoin casinos", as it refers to online casinos that mainly accept the cryptocurrency as a means of depositing money. And security, anonymity, fast deposit and withdrawal speeds and availability are what makes them so popular with users.

Since more and more online casinos are emerging, those who are regulated will lose more customers than they actually get. And since no one can track or own blockchain, it means that no bank or authorities can control the revenues.

The more services and industries accept Bitcoin, the more we see that it is used first in our daily lives. And for many people, online games are a great way to relax after a hard day's work.

Since the currency has risen high from the original $ 0.1 price back in 2009, more and more people are looking for ways to invest in it. And for the smart casino players, gambling with bitcoin can be the way to increase its bank role.

For online casinos it provides a unique opportunity to become the most reliable "Bitcoin casino»When things start moving in the near future.

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