Bitcoins are making their way into online casinos: their biggest drivers are privacy and ease of transactions.
With new bitcoin casinos you never have to share your credit card or bank information which means your personal information is always safe. At bitcoin casinos players can have a discreet gaming experience. Transactions do not show up in bank records, which means privacy is assured.
By using bitcoin users cut “ties” by saying goodbye to the financial intermediary and take control as users. Bitcoin operates on a distributed system which means that no financial institution, bank or otherwise, has authority over any transaction; this being one of the main reasons why online casinos have added bitcoin as a payment option.
Other reasons why users have an advantage when using bitcoin at online casinos
- Bitcoin is decentralised, which means that no authority can delete or “freeze” btc. The user is the sole operator of each transaction.
- Bitcoin is profitable. With bitcoin there are ZERO transactional fees for bank transactions.
- Transactions with bitcoin are fast. Bitcoin puts an end to waiting for transactions to be processed or cheques to be approved. Depositing and withdrawing money from a bitcoin casino is fast and hassle-free.
- Transactions with bitcoin are incredibly convenient as users can make them from anywhere in the world, as long as they have an internet connection.