Everything is online these days and gambling is no exception. And now is the right time to stay put with the trend. We all are aware of what gambling is; it’s just the format of the gambling that is evolving. It wasn’t long back when gambling had reached the online realm, and in no time, the Bitcoin Casino has coined out.
You wish to go for online gambling but you are ambiguous, and we understand that! It’s not very easy to be receptive to changes and the easiest way to persuade a person to adjust to a new thing is to convince them. Using the same idea, we will tell you about the benefits of Bitcasino to help to get rid of all the ifs & buts of bitcoin gambling.
Benefit 1: The Value
Bitcoin is not just a currency, it’s an investment. That is how Bitcoins become a great source of passive income. In recent days, people have turned millionaires due to Bitcoins which somehow reflects the future of the potential returns. Keeping an eye on Bitcoin’s pricing can help you earn a lot. Also, Bitcoins are immune to inflation. It is because Bitcoins are fixed in numbers, precisely 21 million only. These Bitcoins can be extracted through mining. The limited amount of Bitcoins keeps the supply constant and therefore, they are never subjected to fluctuate pricing.
Bitcoin is also used worldwide, so the hustle to run for exchanges gets over here. The price remains constant in Gambling. So, if you are functioning with online casinos in different countries, Bitcoin will save your time wasted in currency-exchange.
Benefit 2: Security
Bitcoin’s most dominant feature is the assurance of privacy. When it comes to gambling, keeping your identity a secret is something one wouldn’t mind. In Bitcoin Gambling, you aren’t supposed to provide your personal information, just your crypto wallet address and your username. Always keep your details safe to keep it away from online thieves. If there is anything else that an online casino asks for, switch to some other website.
Benefit 3: Quick transactions
Bitcoin is a decentralized unit which makes the transactions as quickly as possible. As there is no intermediary involved, there is not a three-way transaction where the bank stands in the middle. Transfer of fiat currency takes time. Bitcoin entirely runs online and that is why you can send funds in seconds. The immediate transactions make gambling easier.
Though sometimes the time taken is more than seconds, it may even take hours. The delay may happen due to the Bitcoin’s block reading speed. Due to this, online casino may take time to authorize the transaction. This is a rare situation but it is still faster than the Fiat Currency Transfer.
Benefit 4: Low Charges
Bitcoin currency is a decentralized unit which means there is no bank in between, which will charge for their services. Apart from keeping your details safe and sound, it also saves the cost of transactions. All the transaction of Bitcoin is stored in a public ledger which is known as the blockchain. This is a universal platform that requires no regulatory body. It has all the data and it keeps a record of the user’s transactions. There is no as such transactional cost but when you pay a certain fee for withdrawing money, a small fee is deducted which is negligible enough to be ignored. These little amounts are used for maintaining the Blockchain’s smooth functioning.
Benefit 5: Bonuses and Promotions
Bonuses are recurring in Bitcoin casino. You are eligible to get amazing benefits if you use bitcoin gambling. The traditional casinos offer a lesser match bonus than the Bitcasino. You get almost 100% match bonus on your first deposit. There will be more bonuses in your way and you will also get a lifetime to reload bonus. Not only this, but you can also find free spins and cashback bonuses.
Looking at the other side….
Like everything has its pros and cons, Bitcoin Gambling also has some flaws. Evidently, you are here for the benefits, but we highly recommend having a glance at this aspect as well. First, like all the casinos, to withdraw your earnings, you have to meet a minimum rollover. The rollover can range from 1 to 100 times. Secondly, even though a Bitcoin Casino gets fully licensed and considers it very ‘fair’, there is no surety of that. Window dressing exists here as well, so it’s your turn to be rational and go by the experience. Choose the gambling space that has provided you with a fair experience.
The benefits overrule the drawbacks. Here’s a thing; these benefits do not make gambling less risky. It’s a fact that Bitcoin gambling is much more profitable than Traditional Casinos. It provides safety, privacy, effective functioning and above all, a great gambling experience. We hope now you are convinced enough to enter the Bitcasino World!