There isn’t a single industry on the planet that has embraced evolving and improving technology more than the world of online casino play. Time and time again they shock and stun players with developments that at one point in time would have been unfathomable. While the majority of innovation appears to be pretty obvious on the surface, some of it actually proves to be a little subtler. Speaking of subtle innovations, something really interesting has recently occurred within the deposits and withdrawals department. The industry has shown that it really is open minded in giving players the ability pay and play exactly how they wish. Bitcoin arrived on the scene back in 2009 and has been steam rolling in popularity since, to the point where bitcoin gambling has now become a real reality.
While it is still not a fully understood entity, there is still no denying that this new cyrptocurrency is giving individuals a fresh new way to move money around. With this being the case, the likes of bitcoin sports betting, bitcoin poker, and general bitcoin casino play has really started to gain traction. Now, we know what you’re thinking, this new field of gambling sounds awfully confusing, but trust when we say that it isn’t. For anyone who is wondering about where to start when it comes to bitcoin games and bitcoin casino, listen closely, as the following details all that you need to know.
What is bitcoin?
Starting as we mean to go on, we are going to open this article by explaining to you exactly what bitcoin is. In days gone by, coins, notes, and trinkets dictated currency, but times have changed. First there was ‘plastic’, which introduced debit and credit cards into the fold, and now the world has cryptocurrency to work with. Bitcoin ranks not only the world’s first legitimate cryptocurrency, it is far and away the most widely used cryptocurrency in the world today. Accepted by casinos, retail establishments, and more, this purely digital currency seemingly now has a place within day-to-day society.
Delving a little deeper into what exactly bitcoin is, officially it is recognised a peer-to-peer electronic cash operating system, because this is the case bitcoin isn’t regulated by a central monetary authority, separating it from other (more traditional) currencies. The actual history of bitcoin is somewhat murky, as while mysterious programmer Satoshi Nakamoto launched it in 2009, it wouldn’t gain traction as a currency until 2012. Driven by supply and demand, among other factors, in four years it can be argued that bitcoin is now as viable a currency as USD, EUR, and GBP.
Accessible, pronounced, and highly functional, the rise of bitcoin really shouldn’t come as a surprise to anyone. With its credentials, gamblers are now finally beginning to see the advantages of bitcoin gambling and bitcoin casino use.
What is a bitcoin casino?
Considering that bitcoin fever is currently sweeping the nation, it only makes sense that the bitcoin casino industry jumps aboard the wave of momentum. While other industries have shied away from bitcoin, appearing to be unwilling to accept it as a viable payment method, bitcoin gambling sites have given the payment platform a willing home. Adaptation may have been slow in the beginning, but times are certainly beginning to change. More and more bitcoin casino sites are taking up the charge and that is certainly great to see.
You may be wandering, what makes a bitcoin casino different from a normal casino, and to be honest, the answer to that question is not much quite frankly. This is because they operate in a more or less identical fashion to that of a standard online casino, no deposit bonus offers included. The main difference being that bitcoin gambling is encouraged and some instances even expected. Looking at the popular names on the scene, if it is top of the line bitcoin games that you are after, CloudBet, mBitCasino, BitStarz, Oshi, LimoPlay, FortueJack, and BitcoinPenguin will have exactly what it is you’re looking for.
Why are bitcoin casinos gaining popularity?
There is no denying the enjoyment that can be obtained from casino play, but in exchange for that enjoyment, players often have to give up privacy. Player intrusion has become a real problem in the industry, a problem that bitcoin casino sites around the world have attempted to fix. As it stands, players need to use an ewallet service or some form of ‘plastic’, as a means to deposit at an online casino. Both these methods are traceable, which means a players movements and money management matters can be tracked. Bitcoin operates under complete gambling anonymity, with transactions taking place without any unnecessary online casino investment, no name links are made between the user and the casino, which ensures that total privacy is maintained.
The privacy factor really does prove to be a major plus point when it comes to playing at a bitcoin casino. But it isn’t the only advantage, as bitcoin casino play can often prove to be highly cost effective. This is because, unlike other deposit and withdrawal methods, bitcoin doesn’t come with fees and commissions attached. Putting it in the “zero fee” bracket, you may find that playing at a bitcoin casino is a lot more budget friendly that you think.
How does it differ from a normal casino?
It was touched on above briefly, but it is worth addressing further, as the differences between an online casino and a bitcoin casino really are negligible at best, at least on the surface anyway. The major notable difference that you might be able to spot is the game selection; largely as the game selection at hand might be slightly different or smaller. At time of writing, a number of major name developers still haven’t tweaked their games for use with bitcoin. But, on the flip side of that, some smaller name developers really are getting on the map through games built specifically for the platform.
Looking at how bitcoin is used at a bitcoin casino, players often have two different options at hand. They can choose to either trade bitcon in for credit, or they can use bitcoin in its base form. What is exactly offered is game and site dependent, but either way, you’ll find that a bitcoin casino is a touch more versatile than a standard online casino.
When it comes to bitcoin the facts don’t lie, as it does prove to be a case of pros against cons. Now, the upsides have been addressed in detail above, but there are a few cons that you should be aware of. These cons generally relate to price volatility, as bitcoin at times can be volatile, meaning that the conversion rate can be a bit up and down. Remember, when you use bitcoin this is something you need to keep in mind.
Should you play at a bitcoin casino?
The case is clear; bitcoin casino sites (along with bitcoin poker sites) are taking over, as standard online casino sites have competition on their hands in 2016. Allowing for total and complete financial freedom, bitcoin is a payment method that is well worth exploring should you have an interest in gambling online.