Gambling With Bitcoin: Why Do Many Gamblers Choose Bitcoin Casinos?

Tamara Tasić
By Tamara Tasić
Crypto Expert
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Updated Nov 4, 2022
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Read time 8 min

Have you ever considered gambling with bitcoin? Bitcoin has already become a logical payment method for millions of online casino customers worldwide. The evolution of decentralized finance enables operators to implement bitcoin and blockchain-based solutions to their platforms. 

More players want to take advantage of anonymous and fast transactions, causing gambling with bitcoin to reach enormous figures. The crypto gambling industry will increase even more, which makes the industry highly profitable both for operators and users. 

Once you learn their advantages and disadvantages, you can also benefit from wagering on bitcoin casinos.

Advantages of Using Bitcoin Casinos

You will appreciate the many perks associated with gambling with bitcoin.

  • Security and safety: The first benefit of bitcoin gambling is an unbeatable level of security. If you have ever played in traditional casinos, you probably know that all players must give their personal information during the registration and depositing process. This increases the risk of theft, but that isn’t the case if you sign up for a bitcoin gambling casino. BTC casinos let you play without worrying that third parties will use your bank details.
  • Transparency is important: Bitcoin transactions are fully transparent, meaning anyone can find them on a public ledger. This transparency provides a higher level of security for customers looking to use bitcoin for regular transactions. At the same time, players can easily notice any unusual changes or fraudulent activities on the platform. Conversely, traditional casinos tend to hide information from users and take advantage of their money by promoting offers that don’t really exist.
  • Convenience and affordability: Bitcoin gambling is a convenient activity for players worldwide. You can easily access your funds from any location worldwide. In addition, transactions with BTC are usually free of charge or subject to relatively low fees. This is another benefit over traditional platforms, where you must cover significant fees when making deposits and withdrawals.
  • Game variety: If you select bitcoin casinos, you can find a wide selection of games such as slots, blackjack, baccarat, roulette, and many more. All these games are of high quality, with innovative features and maximum functionality. Moreover, all titles on BTC casinos provide rewarding RTP (return to player percentage), reaching 99% or even more. This guarantees that you will benefit from the maximum return on investment.
  • Anonymity: Players around the globe using bitcoin for online gambling. Each transfer you make remains anonymous, and third parties cannot trace any information to know how much money you win or lose. 

Disadvantages of Using Bitcoin Casinos

Apart from the key benefits, bitcoin online gambling has some drawbacks. Knowing them is useful before signing up on the site of your choice.

  • Volatility: Bitcoin is a volatile cryptocurrency, and its price goes up and down regularly. And while demand is enormous, the number of coins in circulation is limited. You may hesitate to hold bitcoin due to its instability and inconsistency.
  • Untraceability: While many people would consider bitcoin’s untraceability as a major benefit, there is also another side of the coin. Bitcoin transfers are not as safe as you think because anonymous transactions can be a roadmap for many illegal activities. 
  • Still changing: Bitcoin has already been around for a decade; however, it constantly changes and goes through various improvements. It becomes more available, and its features become polished. These changes affect BTC’s scalability because its network cannot process a high volume of transactions.

How to Choose a Bitcoin Casino

If you want to know what is the best bitcoin casino online gambling platform, there isn’t a clear-cut answer to this question. Many casinos work hard to meet the users’ preferences and improve the overall experience. However, you can check for certain features while trying to find the best site.

  • Trust and reputation: Before you start online gambling using bitcoin, you want to check the reputation of the selected casino. You can do this by reading various comparison reviews where you will find more about user experience and the quality of services they provide. If the site is operational for some time, this is a sign of trust and reputation.
  • Bonus offers: Online casinos usually offer different bonuses, especially to new players who sign up for the first time. Welcome bonuses are beneficial and are usually a matched amount of the first deposit. Some platforms also offer extra money without requesting any payment from users. Whichever bonus you want to claim, be sure you know the terms and conditions behind them. The bigger the bonus amount, the stricter the conditions for claiming the offer.
  • Customer service: Before making the first transaction on a bitcoin casino, be sure you check the level of customer support. Find out if the agents respond quickly to requests and how professional they are. It is also important to know how the casino staff treats players when they reach out for help. Accessibility is key as you want to have access to support via different channels such as email, live chat, and phone.
  • Variety of casino games: To choose the right BTC casino, you must check its selection of games and software providers. Most platforms offer a variety of titles optimized for crypto gambling, including slots, table games, and more. You will also find sports betting content on leading sites. To ensure the best possible experience on a selected site, you can test games for free or have a look at the lobby before joining.
  • Licenses and regulation: Many online casinos accept bitcoin transactions, but not all of them have a license from the regulator. That’s why you need to check the casino policy and know if the platform holds a certificate from prestigious organizations such as the MGA or the UKGC. A licensed casino will keep your winnings safe and ensure that your money will not disappear from your balance.

More and more players are choosing online gambling with bitcoin as it has become more mainstream in the industry. With the continuing progress and recognition of crypto gambling, bitcoin casinos will gain even greater importance and popularity among players.

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Tamara Tasić
Tamara Tasić
Crypto Expert

Tamara is an entrepreneur and content specialist. She is passionate about gambling and cryptocurrency world, having worked on different casino and crypto writing projects. Tamara is also interested in legislation, investments, and DeFi.