Online Casinos embrace cryptocurrencies as payment methods
Online casinos are inclined to keep an open mind and embrace new technologies, when they bring certain benefits. The industry is highly competitive and that’s why even its biggest players are not resistant to change. Perhaps not surprisingly, when the first crypto currencies came around it was online casinos that welcomed them into the fold. A few gambling operators found it worthwhile to rely exclusively on digital money and you can play online slots in the UK using digital coins, but the vast majority offered crypto currency payments alongside traditional banking options.
Bitcoin payments accepted at many casinos
Bitcoin is the most famous and popular crypto currency, so it was the obvious choice for online casinos willing to expand their portfolio of payment methods. Today, there are dozens of gambling operators that allow players to deposit, wager and cash out their profits using Bitcoin. They are eligible for the same bonuses and promotions as their counterparts who choose to stick to traditional money. This means that crypto currency fans are never at a disadvantage, so they are encouraged to use their currency of choice. In fact, there are certain casinos that offer exclusive promotions to those who deposit and bet Bitcoin.
The number of new casinos accepting Bitcoin continues to grow, but even though the trend continues, it has lost a bit of traction. In the wake of the meteoric rise of the most popular crypto currency, the number of people owning and using it grew a lot. Bitcoin has lost much of its value since peaking at the end of 2017, but it has recovered after a brutal plunge. Although there are fewer investors and enthusiasts today among the general population, the number of people using crypto currency for gambling is on the rise.
Exclusive Bitcoin casinos flourish in 2019
Most of the established brands chose to either stick to traditional currency or simply add Bitcoin alongside the existing payment methods. New casinos, however, were willing to take a bolder stance and invite their players to rely exclusively on crypto currency. In the last year, many new casinos chose to scratch all the classic banking options and instead focus exclusively on digital money. Those who chose this path rarely limit their players to Bitcoin deposits and many other crypto currencies are featured.
Bitcoin casinos usually have bigger promotions and more generous welcome bonuses. This is partially the consequence of new operators trying to stand out from the crowd with amazing offers that attract players. Bonuses are offered in the same manner and are subject to wagering requirements, before players are allowed to cash out their winnings. Online casinos don’t want to transform themselves into crypto currency exchanges, so they don’t allow players to deposit in Bitcoin and withdraw in traditional money.
The main reason for why punters prefer crypto currency casinos is that they promise a higher level of privacy. People who intend to keep their gambling habits private appreciate the anonymity provided by these online casinos. They also like the fact that the games available at these operators are provably fair, so players can check for themselves the randomness of the RNG.