As we move into 2017, more online casinos that are accessible to gamblers in the United States, Britain, and Australia are accepting Bitcoins in exchange for casino chips. Gambling at Bitcoin-friendly casinos offers many advantages to digital gamblers that playing with fiat currency does not. The following article explores the benefits of Bitcoin gambling.
Playing With Bitcoin Improves Betting Odds
According to BitcoinCasino.Best, Bitcoin casinos currently offer better odds to players than regular online casinos do. The reason for this has to do with the transaction fees that financial institutions charge online casinos for accepting or sending money to gamblers. Every time a digital gamer makes a deposit to their online gambling account, withdraws money from their e-wallet, or uses their debit card to put money into an account, the casino is forced to pay a transaction fee. Banks and other financial institutions, as well as payment transaction companies like PayPal, all charge online casinos small amounts of money each time a casino participates in a transaction with a customer. To compensate for these constant fees, online casinos that exchange chips for fiat money will lower the winning odds of many casino games on their gaming platform. Without doing so, these virtual gaming outlets would not be able to stay afloat financially. The primary benefit of Bitcoin gambling is that casinos that take Bitcoin do not lower the odds of the games on their website. This is because withdrawals and deposits made with Bitcoin are not subject to taxation or fees. Casinos that operate with Bitcoin are able to lower their operating costs, which allows them to pass on the savings on to their customers in the form of better gambling odds. One of the biggest advantages of Bitcoin gambling, then, is that Bitcoin-based casinos offer better gaming odds than online casinos that only take traditional currency.
Bitcoin Casinos Give Instant Access to Winnings
Along with better gambling odds, Bitcoin-based gaming websites also offer real-time transactions to their members. While gamblers who use dollars to bet often have to wait several business days to access their funds, Bitcoin gives casinos the opportunity to immediately reward their customers with their winnings. Some banks and credit cards impose a waiting period on all Internet-based transactions, meaning that it could take several days to receive money from an online casino if the gambler is betting with fiat currency.
Gamble Anonymously at Bitcoin-Based Casinos
When a gambler joins an online casino that only accepts more conventional types of payment, they are required to give their private financial information to the casino. Although the vast majority of casinos have excellent cybersecurity, some gamblers prefer to gamble without having to hand over their personal financial details. Gamblers who want to gamble anonymously should play at a Bitcoin casino. Bitcoin casinos enable gamblers to play on their platforms without having to give their name or banking information. Instead, all that is required at Bitcoin casinos is that the gambler link their Bitcoin e-wallet service to the casino’s payment system. From there, the gambler can make immediate deposits and withdrawals on an anonymous basis.