The online casino industry follows with great interest all the latest technological developments in an attempt to attract and retain more and more players. This is quite logical as it is thanks to the development of the Internet that online casinos were able to emerge in the 1990s.
They then used webcams, for example, to offer us live games and then took advantage of the democratization of smartphones and tablets to make themselves even more accessible.
Today, with the success of crypto-currencies, more and more online casinos are starting to accept this new type of currency. As a result, many are offering to play in Bitcoin.
What is Bitcoin?
It is the most popular crypto-currency on the Internet. Even more so than Litecoin, Ethereum or Dogecoin, Bitcoin remains the top choice of crypto players today.
After the subprime crisis in the United States, a single person or group of people known as Satoshi Nakamoto wanted to create a new kind of currency, which they called Bitcoin.
Also known as BTC, it was launched in November 2008 at a price of a few cents. It was quickly met with some success. Then, things accelerated and its price increased exponentially until it peaked on 17 December 2017. On that date, 1 Bitcoin was worth almost $20,000!
This famous peak shows the impressive success of Bitcoin. And it’s easy to see why gamblers like it so much; it has many advantages.
One of them is the high speed of withdrawals and deposits that it allows. These fund transfers take no more than a few minutes. Whereas with bank transfers, for example, it can take several days.
There is also the issue of security. Since this is guaranteed by cryptographic rules, we can be sure that our money is safe.
Finally, there is the total discretion that Bitcoin offers. Since there is no need for a third party, our transactions never appear on our bank statements, etc.
What are the Advantages of Playing with Bitcoin and other Crypto Currencies?
Bitcoin is the most well-known crypto-currency. Online casinos tend to include more and more crypto-currencies in their range of payment methods. LiteCoin, DogeCoin, Bitcoin Cash are virtual currencies that are starting to take hold in live casinos. Ethereum, Ripple, Bitshares, BitConnect, Golem and so on could one day also be more widely integrated as new payment methods.
The main advantage of playing with bitcoin is that the player plays anonymously, simply by entering an email, password and date of birth to open an account at an online casino that accepts bitcoin. Moreover, as soon as you play in bitcoins or another crypto currency, the payments of the winnings are done immediately. No need to wait days or weeks to get your money, it’s done in real time! It is also an excellent way to see the seriousness and reliability of online casinos.
Online Casinos Offering Bitcoin
All these advantages easily explain why many players like to use Bitcoin at online casinos. More and more casinos are offering this new type of currency to their members. This can be the case with casinos that are exclusively dedicated to crypto-currencies or more traditional online casinos that also accept the Euro or the Dollar, among others.
Superior Casino, for example, welcomes new players with a 250% welcome bonus. However, the same new players can opt-in for the alternative 300% Bitcoin welcome bonus. We could also mention Black Diamond Casino which offers 3x 400% match bonuses for any first time crypto deposit. This includes Litecoin and Bitcoin. Indeed, these highly reputable live casinos have diversified their range of payment methods to the delight of crypto users. Thus, players can bet and withdraw their winnings in Bitcoin but also in LiteCoin, Bitcoin Cash and Ethereum.