June 18, 2017
Wherever you turn at the moment, Bitcoin seems to be in the news. From the currency’s ever-increasing value to the adoption of blockchain technology by major organisations, Bitcoin is everywhere. In fact, such is the significance of Bitcoin and the cryptocurrency world in general that governments are now looking at it in a serious way. China, Japan, the US and the UK all now consider Bitcoin a viable currency, which is something many wouldn’t have believed a few years ago.
In short, Bitcoin is booming and that means more and more people are now asking what it can do for them. Naturally, here at BitCasino, the answer is obvious. Gambling with Bitcoins is what we’re experts at and, despite our obvious bias, it’s clearly one of the best currencies to use in the online arena. Regardless of how experienced you are, the games you enjoy playing or the device you want to use, betting online with Bitcoin has a number of advantages over traditional currencies.
Now, we’re sure that most of you are already mildly interested in gambling with Bitcoins (why else would you be here reading this blog), so we’ll save you any gushing rundowns of why we love it. Yes, we could fill this article with colourful language that paints a pretty picture, but we’re not going to. We want you to walk away from this article with the facts and nothing more. By giving it to you straight, you can then make up your own mind as to whether or not our cryptocurrency casino is for you.
Sure, if we overhyped things and used a touch of poetic licence, we might be able to persuade everyone that Bitcoin is best. However, we’re pretty confident that the facts speak for themselves and, that by the end of this article, you’ll agree that gambling with Bitcoins is the best way to play.
When you can fly under the radar and not arouse the suspicions of cybercriminals that might want to steal your bankroll, that has to be a good thing, right? Of course it is and this, for most players, is the most important advantage of gambling with Bitcoins. Because you don’t have to supply any personal details when you make a Bitcoin payment, you significantly reduce the risk of becoming the victim of fraud.
For example, when you use your debit card to make a casino deposit, the operator will typically request your name, card number and your address. Although the casino in question will do everything it can to protect these details, nothing is ever 100% secure and that means there is a chance someone could illegally acquire this information. When you make a deposit using Bitcoin, you don’t need to submit any of this.
In fact, when you make a deposit to your BitCasino account, all you need to do is log in to your Bitcoin wallet, input the amount you want to send across and our wallet address. Then, when you want to reverse the process, all you have to do is input your withdrawal amount and your Bitcoin wallet address. As you can see, at no stage in the process do you need to submit personal details that a criminal could use to exploit your finances. Therefore, if you want to keep yourself and your bankroll safe, Bitcoin is definitely the way to play.
Perhaps the most impressive benefit of gambling with Bitcoins is the fact you don’t have to wait for ages for your funds to be cleared. Using a debit or credit card typically means you’ll have to wait a few days to get your money from a traditional online casino. There are two reasons why this is possible. Firstly, the site in question will have a mandatory clearing/review period which can take anywhere from 24 to 72 hours. Secondly, once the site has processed the request, the credit or debit card provider will have their own waiting periods. In total, you could be waiting almost a week to see the fruits of your labour.
When you bet with Bitcoin, however, you don’t have such delays. Because the system is self-regulating and less prone to fraud, your request doesn’t have to go through the same security checks and clearing procedures. In real terms, this means you can receive your winnings within a few hours!
One of the most overlooked benefits of gambling with Bitcoins is that it’s better for us which, in turn, makes it better for you. Because of the way Bitcoin transactions are processed, chargebacks aren’t an issue like they are in the “traditional” online casino world. Take, for instance, a situation where a casino processes a credit card deposit that the player then disputes. The player claims their credit card was stolen and they didn’t make the deposit.
At this point, the casino in question could be hit with a chargeback from the credit card company. To counter this, casinos typically hold money in reserve in the event charges like this occur. This naturally increases operating costs and, therefore, cuts down on the money spare for things like bonuses and promotions.
When it comes to Bitcoin, these costs aren’t relevant because there is no such thing as chargebacks. This basically means that we don’t have to worry about payment processors coming to us asking for money back. The upshot of this is that we can use more of our budget on things such as reload bonuses, monthly prize draws etc rather than spending it on chargebacks. So, because Bitcoin is a safer payment option for us, it means it’s a more lucrative option for you.
As you can see, gambling with Bitcoin has a number of benefits. If you’re hot on security, the currency’s anonymity is perfect. If you’re interested in speed, you won’t find a more efficient withdrawal option than bitcoin. If added value is your thing, Bitcoin is the best way to bank some bonuses because we’re more willing and able to give you something extra. Basically, if you want to play the best online casino games and get more for your time online, Bitcoin is, in our opinion, the obvious currency to use – and we’re confident that you’ll agree as soon as you experience it!