The world has gone through some massive changes over the past few decades, with the internet transforming the way in which people live their lives. Most aspects of life have been turned upside down thanks to the evolution of technology. Whether it is who we communicate with our friends and family or how we pay for goods and services, there has been a tremendous wave of change.
Perhaps the biggest disruptor in the world of payments has been the emergence of cryptocurrencies. they offer a new way of sending and receiving money, allowing it to be done in a more fast and more efficient manner in a lot of cases. Bitcoin was the forefather of cryptocurrencies and is going to be the cryptocurrency that most people will be familiar with the most.
As Bitcoin become to emerge into the mainstream and become more established, online casinos started to embrace it. They began accepting it as a payment option, while there was also the emergence of a new type of platform – the Bitcoin casino. These are platforms that initially would only accept Bitcoin payments.
As time went on, a lot of Bitcoin casinos also started to accept other cryptocurrencies. These platforms embraced the characteristics that are linked to cryptocurrencies. This article will explore just why Bitcoin casinos have become so popular.
What are Bitcoin Casinos?
According to best-bitcoin-casinos.com, Bitcoin casinos are those platforms that almost solely focus on using Bitcoin as the payment method of choice for players. It sees people depositing and withdrawing through Bitcoin, rather than using fiat currency and traditional types of payment methods. There are many similarities that BTC casinos have with normal types of casino sites. However, there are also some major differences.
If you were to summarize the difference with a couple of words, it would be “more freedom.” You generally get access to a better range of games without needing to deal with the restrictions that many gambling regulators put on game developers.
You also will have faster withdrawals in many cases, which allows you to quickly get access to any winnings. The bonuses that you come across will generally be bigger and better, while the privacy element means that you can get a lot more protection than you otherwise might get.
It can be a pain having to go through the various steps involved in signing up for a new online casino account. Thankfully, you will find that BTC casinos will usually have extremely quick sign-up processes. For the most hardcore types of Bitcoin casinos, you will just have to enter a username and password to be able to begin.
Other platforms will ask you for a few more pieces of information, but the entire thing shouldn’t take any more than a minute to go through. This allows you to waste no time and start playing casino games as quickly as possible.
Better Withdrawal Speeds
There are many characteristics of using cryptocurrencies like Bitcoin as a payment method. Generally, Bitcoin is seen as being a more efficient and faster way to transfer funds when compared to using the likes of bank transfers.
As this translates over to the online gambling space, you will find that withdrawals with traditional payment methods will be slow and usually take days and even more than a week in some cases to go through. With Bitcoin withdrawals, it will normally take just minutes to get your hands on the withdrawn funds after the online casino has approved the transaction.
This saves a lot of time and can be ideal if you need quick access to funds. The process of sending Bitcoin is also very easy, just requiring a wallet address and a password. Therefore, more and more people are now embracing Bitcoin as a payment method.
More Expansive Bonuses
When you use Bitcoin casinos, you will often be surprised at the size of the bonus offers. They will very often be a lot bigger than what will be seen with regular types of online casinos. This is because the operators do not have to deal with as much regulatory red tape as what you find with normal online casinos.
As well as the welcome offers often being a bit bigger, the wagering requirements can very often be easier to achieve. This isn’t just isolated to a welcome offer, the same can also go from the frequent promotions that you’ll be able to access. Very often, Bitcoin casinos will also have great loyalty programs that can really allow you to see a great return from your betting activity, even if you haven’t been winning much.
Significant Collections of Games
Most of the time, Bitcoin casinos will have much greater collections of casino games than what you find elsewhere. There will nearly always be thousands of unique titles to choose between. These games will often not have to adhere to bans that regulators put on various types of features.
There will be top-quality game studios still providing these titles, so you know that there will be a good quality available to the titles and not just a focus on quantity. The betting limits for these titles can often be much greater than what you get with normal online casinos, making them particularly ideal for big spenders.
More Widely Accepted and Secure
As time gradually ticks on, there will be more traditional casino sites that start to accept Bitcoin as a core payment option. These platforms understand that more people are using cryptocurrencies and they also are aware of the benefits involved with these types of payment methods.
A lot of people also enjoy using Bitcoin as it offers more privacy than other methods. There is less sharing of sensitive information, meaning that you can better protect your funds than if you were using other types of payment options.