Even in the world of online betting and online casinos, crypto-currencies have already entered the industry. Better yet, the traditional online casinos have been ousted completely by the new bit coin casinos. Many online casinos now accept Bit coin and other crypto-currencies. This is also a great method of payment for online casino owners.
The benefits of cryptographic technology for online gambling are evident. Already and foremost, players are saving a lot of money on transaction fees. Yes, this is certainly argument number 1. Also, bit coin deposits remain anonymous. This allows players to remain anonymous on the online gaming platform they play on. That, too, is one of the things that has made bit coin casinos much better than their fiat counterparts.
The benefits of casinos and online games in bitcoin
Transactions in seconds
Unlike a bank transfer, where users sometimes have to wait a few days for a successful transaction, a deposit or withdrawal via Bit coin is made immediately.
It does not seem that the value of Bitcoin will diminish
The value of btc has grown exponentially over the past year and the price shows no signs of a decline shortly. Experts believe that bit coin could even reach $ 1 million. With mass adoption, it would indeed be completely likely.
So far, no control from the central bank
Bit coin and crypto currencies are “democratic” currencies that are not influenced by large banks and financial institutions. Transactions are also secured, encrypted and tax-free (for the moment, given the lack of regulation