When you hear about blockchain technology, you can only think about Bitcoin. The popularity of bitcoins has resulted in rise of bitcoin casinos. Did you know that bitcoin is the most valued financial asset in the world?
According to a veteran stock picker, Cathie Wood, bitcoin could easily rise above $10 trillion market in a few years. Look at the way bitcoin is catapulting; it could even rise above gold in a matter of months.
- 1 How has the rise of bitcoin casinos impacted online gambling industry?
- 2 Also read : Why are Casinos in India So Popular?
- 3 Why choose bitcoin casinos over other online casinos?
- 4 Can I play for free at bitcoin casinos online?
- 5 How to select a reliable bitcoin casino in 2021?
- 6 Future of Bitcoin casinos:
- 7 Conclusion:
How has the rise of bitcoin casinos impacted online gambling industry?
The online gambling industry has evolved tremendously. Casinos are always looking for new and advanced technological innovations. One such innovation is blockchains, crypto currencies to be specific. Many casinos have introduced crypto currencies. Players are always looking for new and easy payment and withdrawal methods and so cryto currencies are popular.
Casinos also want to tap into players who conduct extensive transactions online using crypto currencies. Casino players who use crypto currencies are happy to play more, as they find it lucrative and convenient. One of the popular crypto currencies is bitcoin and some altcoins are Ethereum, Litecoin, XRP, Dogecoin and more.
Bitcoin casinos have contributed to a lot of revenue to the gambling industry in the past few years. ATARI after launching its cryptocurrency ATRI, saw a market capitalization value of $8,238,246.
FunFair technologies is a leading blockchain casino platform provider. It offers a white label cryptocurrency casino product and interested parties can host their own online casino. Additionally, it also offers a great range of dedicated cryptocurrency casino games.
The company is looking at a profitable future and is eyeing for the next generation players. It wants to build games that easy and straightforward to play and also present a sense of community.
Also read : Why are Casinos in India So Popular?
Why choose bitcoin casinos over other online casinos?
For many casino players, bitcoin is the major financial asset they make bets with. There are quite a few advantages to players who choose bitcoin casinos, like:
- Bitcoin casinos are more transparent than other casinos.
- Casino players get anonymity, especially if they earn huge wins. Bitcoin and more such crypto currencies give players anonymity and privacy.
- The bitcoin casino also is able to safeguard the payment details of its players.
- Bitcoin payment platforms have no or very little fee charges for payments and withdrawals unlike traditional payment platforms.
- Many bitcoin casinos also launch their own crypto currencies, like ATARI launched ATRI cryptocurrency, giving its players more anonymity and transparency.
- Transactions go through instantly, so players are happy.
- Transaction with bitcoin is safe unlike bank transfers, as many times scammers could hack a casino website and take all the payment details of its players.
- However, if the players use bitcoin, their payment information is safe as bitcoin uses a private key to operate which only you have.
- They offer some really good gaming options, and features for bitcoin users.
- Bitcoin casinos also offer welcome bonuses with no deposit and exclusive bonuses to their players unlike regular online casinos.
- Players from anywhere can start playing here, unlike some casinos that have country restrictions.
- They offer a huge variety of games and many offer Virtual Reality games.
- Many countries do not levy tax on income generated in bitcoin, as there is no financial regulatory body in place.
- All transactions in bitcoin are completely anonymous.
- Unlike credit cards, bitcoin do not have chargebacks. This in turn saves you money.
Can I play for free at bitcoin casinos online?
Yes, there are quite a few bitcoin casinos where players can start playing for free.
Some Bitcoin casinos that have no deposit play option are:
- Raging Bull Casino
- Red Stag Casino
- Red Dog Casino
- 7bit Casino
- Ignition Casino
- Bovado Casino
- Slotastic Casino
- Sloto Cash Casino
- Cloud Bet Casino
How to select a reliable bitcoin casino in 2021?
The rise of bitcoin casinos has brought numerous casinos to the fore. However, we may not know which casino is reliable and which one is a scam. In order to select a reliable casino in 2021, make sure you do the following:
- Read casino reviews from reliable reviews websites.
- Make sure you also keep an eye on casino forum sites, as experienced players easily flag scam websites.
- If a casino asks for money to withdraw your winnings, then it is a scam casino. Unless it is mentioned in their terms and conditions and is fair.
- A good bitcoin casino is regulated by a reputed casino authority, like Malta Gaming Authority, UK Gambling Commission, Curacao Gaming Authority and more.
- The casino provides good quality software games that are popular.
In India, many players use bitcoin casinos to gamble and play games. Since, bitcoin casinos and bitcoin are unregulated, gambling with bitcoin can is not illegal.
Future of Bitcoin casinos:
The online gambling market worldwide saw a revenue of US$ 66.7 Billion in 2020. According to a prediction made in a report published on Research and Markets in February 2021, there are various factors that has taken the gambling industry to high peaks. Some of them are:
Technological advancements like Virtual Reality and blockchain tools.
The gambling activities are more transparent and provide an immersive gambling experience to players.
Players want to play more on casinos as they are winning more.
Rise in bitcoin casinos or bitcoin gambling websites has taken the gambling industry by surprise.
Therefore, the future of bitcoin casino is very promising, especially with the many benefits it gives to its players. Many players use bitcoin as their dominant financial asset as it offers a safer digital payment and withdrawal method unlike other digital payment platforms.
So, if you want to join a bitcoin casino, now is the right time to do so. You just need to have your bitcoin wallet like Copay, Coinbase etc. To create a bitcoin account only requires your name and mobile number and you are ready to go. Once you have your account setup, it is easy to sign up with a bitcoin casino and start to play.
Connect with Casinogamesonlinereviews for more information about Bitcoin casinos and start to play and win in bitcoins.