Online casinos continue to rely mainly on traditional payment methods and fiat currency. However, due to increased competition and the surging popularity of crypto currencies, more operators offer Bitcoin as an alternative. The list is constantly growing and with each passing month, new casinos provide players with the option of loading their account with both regular and crypto currency. Some of the best-known operators are BitStarz Casino, Intertops Casino, and EmuCasino, but players have multiple options.
Why do online casinos accept Bitcoin payments?
As stated above, the main reason for why Bitcoin was added on the list of accepted payment methods is increased competition. Casinos like the Fruity King slots site can’t afford to miss out on the business brought by crypto currency enthusiasts with a keen eye for gambling. The overwhelming majority of casinos offering this alternative also accept deposits via credit and debit cards, wire transfers and e-wallets. There are a few casinos that rely exclusively on Bitcoin, to cut down on the costs associated to traditional banking options.
Another reason for why Bitcoin payment methods have gained so much traction is that the audience loves crypto currency gambling. It makes it easier to load an account and cash out winnings, without disclosing too much information about the players. As for the gaming itself, there’s really no difference between Bitcoin and fiat currency bets, which means that there’s no steep learning curve to worry about. Casinos find it easy to integrate crypto currency payments with minimal costs, so more do so every month.
How to find the best Bitcoin casinos?
It is no longer difficult to find online casinos that accept Bitcoin, but thorough research is still needed. That’s because not all the gambling operators out there offering this facility are really worth the time and trust that players put in them. First and foremost, prospective players should learn more about the track record and reputation of Bitcoin casinos. They had enough options not to make any compromises, just for the sake of anonymity. Speaking of which, Bitcoin doesn’t render transactions totally anonymous, but still helps with keeping their gambling habits more private.
When switching from traditional casinos to those accepting Bitcoin, players should also benefit from faster transactions. Instant deposits and same-day withdrawals are to be expected, with no hidden fees and commission being charged. Another advantage of playing and Bitcoin casinos is that they offer games that are provably fair. What this means is that players can see for themselves if the outcome of the game is truly unpredictable, instead of relying on the promises made by the casino.
The number of online casinos that accept Bitcoin is on the rise and other cryptocurrencies are also accepted. There are many reasons to consider such casinos, as the benefits clearly outweighed the shortcomings. Rogue operators, with fake and pirated games, are indeed a threat, but the risks can be mitigated by undertaking research and reading comprehensive and unbiased reviews.