Digital currencies nowadays prevail in the online gambling industry due to various restrictions on fiat deposits. Governments worldwide issue new regulations on the usage of traditional payment methods in gambling.
Popular Anonymous Casinos
Anonymous Bitcoin Casinos do not require bank card data when you make a deposit. Another reason for their popularity is lower transaction fees. Cryptocurrency carries a somewhat volatile exchange rate, which is only to the advantage of players. Your winnings may become larger in the dollar equivalent without making any additional deposits. The following Anonymous gambling sites are among the most popular and trusted ones.
Anonymous Casinos: Basics for Beginners
According to Cointelegraph, at the start of 2017, players were wagering an average of $4,000 in Bitcoin every minute. Anonymous bitcoin casinos are similar to regular online gaming sites but accept both fiat and crypto payments. However, some casinos may only support cryptocurrencies. Major Anonymous casinos offer built-in wallets where players can store BTC or other cryptocurrencies.
Bonuses and promotions are also similar to those offered by regular casinos: deposit match, no deposit bonuses, free spins, and tournament tickets. Due to the high price of Bitcoin, websites display deposits in mBTC, which is equal to 0.001 BTC. Withdrawals are often limited, so players cannot cash out all at once.
The existence of cryptocurrency has led to an entirely new type of economy in the casino industry. It has nothing to do with politics. There is no attachment to the location. A particular niche is reserved for casinos whose activities are connected to Bitcoin.
What is an Anonymous Casino?
Popular cryptocurrencies enable betting on gambling websites. Bitcoin is an alternative to fiat currency. Such websites can be considered separate Internet portals. They come with their own software. This software directs the game, performing a dealer function. In this case, the possibilities for human intervention are minimized.
Benefits of Crypto Gambling
The main benefit is anonymity. This is due to the fact that digital currency is not centralized. The user places bets anonymously. The income is not subject to taxation. There are no geographic links. It allows people even living in places where gambling is prohibited to take part in the game.
Differences Between Anonymous Casinos and Regular Online Casinos
Since cryptocurrencies are based on blockchain technology, they can be implemented in almost any area of our lives. The idea of a decentralized, anonymous, fast, and cheap transaction network is excellent, so it’s no surprise that more industries are starting to adopt Bitcoin as a payment method. Gambling is no exception, and online casinos have recently started accepting Bitcoin for deposits and withdrawals.
Features of Anonymous Casinos
Even though Anonymous casinos are similar to regular ones, there are still some unique features that you should pay attention to. Below, we will consider some of them in more detail.
Fast and Secure Transactions (Deposits)
Blockchain is an aspiring technology with innovative features. For example, all transactions and operations on any blockchain are irreversible. It means that neither players nor casino owners can manipulate the results or change the data of financial transactions. What’s more, transactions are encrypted and protected against any interference. Transactions take place on the network directly between the player and the casino. Another advantage is a relatively high network speed, so users can receive their money instantly.
Convenience for Players (Anonymity)
Blockchain stores records in encrypted form and does not require users’ info. It contributes to the privacy and anonymity of users in the world of gambling. Blockchain is decentralized and therefore belongs to the world as a whole and not to an individual government. As long as the technology is off regulators’ radar, players can avoid paying taxes. However, it is essential to stay tuned for news and updates on the legislation. High-rollers and whales pay close attention to Anonymous casinos due to the skyrocketing price of the cryptocurrency. Betting even in mBTC can lead to huge winnings. However, it is worth remembering that gambling is based on pure chance, and you can lose as much as you can win.
Remember, nothing is truly free. Offers are only valid for a limited time. It often happens that you cannot withdraw deposit bonuses until you wager the initial amount of the Bitcoin bonus 35-50 times. That is why it is so important to read the terms and conditions of every Anonymous casino. Some Anonymous casinos for high-rollers present loyalty programs with extra bonuses. The more you bet, the better rewards the Bitcoin casino will provide. VIPs also have access to exclusive games.
Anonymous casinos offer the same types of bonuses as regular online casinos:
- Deposit bonus – Multiplies the initial amount of BTC;
- No deposit bonus – “Free” BTC after registration;
- Free spins and tickets that allow you to play slots, poker, and other games with a chance to win cryptocurrency;
- Progressive jackpots with increased potential profit after each round.
Anonymous casinos offer popular games: slots, roulette, blackjack, poker, baccarat, etc.
Slots are the most popular game among Anonymous players due to their simplicity and potentially huge jackpots. Most Anonymous casino games follow a common theme, featuring a digital style, crypto stories, and key characters like Satoshi Nakamoto.
There are also Anonymous casinos offering sports betting.