The introduction of Bitcoin as an unregulated currency brought about a lot of controversy but this did not deter the currency from bringing up a new economy which is parallel to traditional currency economy that exists. Bitcoin is referred to as a cryptocurrency since it’s unregulated in most countries and is in digital form.
In the world of online gambling, the currency is being used in online casinos along with other currencies and it is also being used as the sole form of payment in other casinos.
Bitcoin is loved by players and it’s an appealing prospect to most of the gamblers. One is offered with privacy of the highest degree (well, the security experts call it pseudonymous privacy) and the players are happier since they do not use personal bank accounts in loading their online casino accounts. When you choose to use Bitcoin, you will be able to avoid transaction fees that you would incur when you used traditional banking methods.
When you play in a casino offering Bitcoin as a mode of withdrawal, you will get better opportunities of withdrawing faster. Casinos will always want to hold your money in the casino account for you to be tempted to play more. When you go for Bitcoin, you will usually have access to instant withdrawals.
Bitcoin Casino Games
With Bitcoin casinos, you will still enjoy a wide array of casino games and get the same entertainment. You will be able to play Video Poker, Table Games, Live Casino games, card games, slot games and even sportsbetting. With Bitcoin casinos, you will still have the same great experience as you would in a standard online casino.
Software providers embracing Bitcoin gaming
Almost all software providing companies have taken up Bitcoin casino gambling. Depending on the software provider you take up, so is the gaming experience different. Some of the top software providers like Net Entertainment, Betsoft, CoinGaming, SoftSwiss and Novomatic have embraced Bitcoin gaming.
Promotions and bonuses in Bitcoin Casinos
Hardly will you find an online casino that does not offer deposit and reload bonuses. With Bitcoin casinos, they will have additional Bitcoins to be claimed as bonuses. There are some that will even give you no deposit bonus Bitcoins. When you are looking for a good Bitcoin casino bonus, be sure to look for one with suitable wagering requirements and one that will complement your gaming.
Benefits of wagering with Bitcoins
- When it comes to the legal aspects, Bitcoin is not an official currency which does not make playing with Bitcoin illegal (check your local laws).
- When you transact with Bitcoin, the transactions are usually fast. It sometimes takes a long time to have your account loaded with your winnings when using other kinds of banking methods.