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First of all, let's make one thing clear – Bitcoin casinos are not a new trend. They have been on the map of online gambling for quite a while for all the right reasons. Of course, there's the fact regulation is much more different with Bitcoin casino sites, but that's about the only downside you could think of. Their advantages far outweigh this shortcoming. We will talk you through the common upsides of crypto gambling the players find attractive, and maybe you can give it a go in the near future.
Revolutionary Payment Method
What better reason to start with than what made Bitcoin popular in the first place? As you may know, Bitcoin embarked on a journey to revolutionise how we make secure online payments. The decentralised structure is incredibly alluring to gamblers who want to stay anonymous. It's also easy to circumvent banks that don't process payments made to gambling sites. Before you do that, you should acknowledge that it happens for a reason.
Aside from that, If you have a Bitcoin wallet and can cover the minimum deposit amount, you can play at a online Bitcoin casino period. No one else can stand between you and the casino site you want to play at. Surely, the fact it's so difficult to impose restrictions has negatively affected the reputation of these casinos. Sadly, that means no UK Gambling Commission support for Bitcoin gamblers.
Easy Registration
Registration and filling out questionnaires is easily the most frustrating part of becoming a customer of the standard online casinos. In contrast, a Bitcoin casino only wants from you two names, an email address, and to confirm that you comply with the legal gambling age requirement in your country. Yes, you simply make a confirmation by ticking a box, no questions asked. No special verification procedures bother you afterwards, either.
It's laughably easy to start gambling with Bitcoin as it brings down the barriers that usually separate customers from providers. We don't want to hark back to how this impedes regulation, but it's in your best interest to fully understand the ramifications of such easy registration. Other than that, it's a breeze for the genuine player who just wants to do their thing to create an account and get to playing.
Provably Fair Games
This feature is unique to Bitcoin casinos as it makes use of the following technologies – hashing, seed generators, and random number generators. The whole process is encrypted to make tampering impossible. At the end, the player gets a confirmation that the gaming round was conducted without complications and without outside intervention. This is done via the addition of a hashed seed number the player can check at the end of each round.
In a nutshell, this tool was the missing link that could get bitcoin casinos out of the grey area people intuitively put them in. Provably fair gambling lays to rest worries that people usually have when they gamble over the internet as opposed to doing it in person. Make no mistake; we owe this to the Bitcoin blockchain, which proved that encryption and hashing could find also find applications elsewhere.
Playing at Bitcoin Casinos Is Empowering
Given all that was said so far, we can draw the conclusion that Bitcoin casinos gave a lot to the community in that they made online gambling more accessible, registration easier, and the games – provably fair. If those are not good enough reasons to join for you, then you are probably not cut out for online gambling anyway. For everyone else, this is likely to sound like a good opportunity to play quality games of chance in a safe environment.
If you are not ready to make the transition, you could try one of the casino sites that accept Bitcoin deposits without fitting the description 'Bitcoin casino'. They use the services of online trading platforms to convert a regular deposit in hard currency to Bitcoin if you choose to take advantage of that option. During withdrawals in hard currency, the system trades your Bitcoins for hard currency at one of the certified online platforms and transfers you the amount.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.