More than 10 years have passed since the first cryptocurrency appeared. During this time, many applications and services have been developed within the Bitcoin network. The unique features of this currency are of interest to banking and trade projects as well as the entertainment industry. BTC casino became the first establishment that was interested in the wide possibilities of virtual currency, especially bitcoin transactions.
In January 2021, Bitcoin has risen in price to $30,000. On February 15, 2021, its value was $50,000, and by the end of February, it reached $58,000. By today, it remains at this level with slight fluctuations. Even exchange rate fluctuations do not interfere with the crypto integration process into the gambling sphere.
There are many positive aspects of using bitcoin. It is anonymous and independent of the inflation process, which makes it ideal for implementation in online entertainment. The most innovative and daring clubs have already converted their online casinos to this virtual currency.
How exactly does Bitcoin affect the gamer? One of the decisive benefits of a bitcoin for the casino member is the ability to skip providing information that the player does not want to share, including name, country of residence, and bank card number.
The game for virtual money is popular due to the peculiarities of blockchain technology, which serves as the basis for cryptocurrencies. Since BTC is not managed by a single central bank, it is impossible to track payment transactions, which is a powerful argument for future players and, therefore, a competitive advantage over other online casinos.
The unique properties of bitcoin guarantee safety for players. Casinos working with this currency are protected from fraudsters. Accordingly, the situation when a user’s account is blocked due to dishonest visitors playing nearby is excluded, which guarantees that the player can withdraw money at any time.
When playing in a crypto casino, the player is endowed with super protection since the IP is not determined. This factor makes it possible to play in any country and withdraw money from your account, even where gambling is prohibited by law.
The technical features of transaction processing in the BTC network make money transfers very fast. The transfer of player funds from one account to another occurs instantly. Except for high network congestion, this process will take only 5-10 minutes. Transferring funds using cryptocurrencies is much cheaper. The user indicates the size of the miner commission for each transfer. The costs of commissions of banks and payment systems when transferring traditional fiat money are much higher, which makes cryptocurrency an especially profitable solution for both the casino and the player.
Due to the easy division of bitcoin into small parts (up to a million Satoshi, where 1 Satoshi is equal to 0.000001 BTC), the gambler can play with micro stakes. This aspect makes it possible to win money and also learn how to gamble or just relax, without the risk of losing large sums.
Casinos that work with bitcoin provide their members with all kinds of bonus options: free spins, cashback, percentage bonus on the first deposit, weekend reload bonuses, tournaments, and even VIP programs. For every real bet, your wallet is filled up with comp points.
The popularity of such casinos lies in the provision of a full range of gambling entertainment with elaborated details for the specifics of playing with bitcoin.
Bitcoin technologies are confidently conquering new markets — from traditional finance to the entertainment industry. This cutting-edge technology not only comes into the business, becoming an integral part of it but also provides participants with new opportunities, often changing the very essence of traditional online casinos.