Benefits of Playing at Bitcoin Casinos
During the last couple of years, new kinds of casinos have appeared. They might offer the same game, but the currency used for playing is different. The new casino games that use cryptocurrencies and most often Bitcoins is a new trend within the gambling industry. Maybe you should change your focus from normal casino games to the ones with Bitcoins. You can judge yourself after reading the article on the benefits connected to it.
Bonuses
The bonuses offered at Bitcoin casinos are much higher than the ones at regular casinos. Usually, you get the same amount from the casino as you deposit when making your first transaction. Most places the limit is around 1,000 dollars. Some Bitcoins casinos will match your first deposits up to 5 BTC. This means that you will be able to gamble for around 240,000 dollars more than you originally planned.
However, you need to be aware that you need to play-through this money a certain number of times depending on the casino. You can’t withdraw them straight away. Keep that in mind when signing up for a bonus.
Transactions Like the Speed of a lightning
Compared to bank-to-bank transfer the transaction happens at a much greater pace. This means that you can be ready to play in no time and withdraw your possible winnings at a much greater pace. The fast transfer and the potential of a surge in the price of the Bitcoin, has led to several companies and employees paying and receiving their salaries in Bitcoins.
The Privacy
Cryptocurrencies are decentralized, which means that the banks and other government institutions do not have the rights to control your transactions. The decentralization also means that you don’t need to provide a lot of information in order to play. Most of the time it is sufficient to provide a username, email address and a password. Your account won’t be connected to a bank account number, and you can make transactions through your Bitcoin wallet. The address will be dynamic, leaving no trace behind.
The Fees
Normally many banks and credit card companies keep a fee whenever you do a transaction. This is not the case with Bitcoin transactions. With decentralization no one needs to be paid on the other end, leaving the fees nonexistent when transferring to casinos. However, fees do exist when it comes to the cryptocurrency. You can read much more about the different fees charged by various cryptocurrency platforms right here. Here you can learn which one exists and how to keep the fees that you pay down to a minimum.
No matter if you wish to keep on playing at the traditional casinos or the new Bitcoin casinos, there is something you need to bear in mind. Never play for any more money than you can afford to lose. You should have fun playing and not have to worry about next month's rent.
Best of Luck.
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