BTC Casinos Fad or Here To Stay?
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Cryptocurrencies such as Bitcoin are becoming more accepted payment method for players and casinos. In most online casinos, players get a special bonus for using Bitcoin to fund their accounts and enjoy speedy payouts.
Gambling is still frowned upon or outlawed in some parts of the world. Banks and financial institutions don't process transactions for gambling sites. Bitcoin, on the other hand, doesn't require a third party to process it.
With Bitcoin, depositing funds into your account at online casinos is instant. Withdrawals are also fast, taking less than 48 hours to get your winnings.
Blockchain payments like Bitcoin are peer-to-peer transactions from the player to the casino. Bitcoin transactions are cheaper than other payment methods. Bookmakers cut down transaction fees to maximize profit.
Casinos that accept Bitcoin payments don't have to obtain licences for a specific jurisdiction. Bookmakers save a lot on licence application fees since they are not tied down to specific localities. Players face the uncertainty of gambling in a casino that’s not licensed in their area.
Bitcoin is prone to fluctuations in exchange prices. When Bitcoin prices move up against the dollar, players reap the benefits of handsome rewards.
Both online casinos and players stand to gain from Bitcoin.
