7 reasons to choose a bitcoin casino over a traditional service
Bitcoin technologies are confidently conquering new markets – from traditional finance to the entertainment industry. This truly disruptive technology not only comes into business as an integral part of it, but also provides entrepreneurs with new opportunities, often changing the very essence of traditional business models. Today there are dozens, if not hundreds, of bitcoin casino.
The gambling industry, which has been booming on the Internet in the past few years, has not been without new technologies. Today we will look at 7 advantages of bitcoin casinos over traditional gambling services.
Let’s start with one of the most popular properties of bitcoin – the ability to remain anonymous or not disclose unnecessary information about yourself. Most of the traditional casinos require the user to verify the identity of the documents or the obligatory linking of a bank account with its further verification. Not everyone wants to share their personal data, and some simply do not have this opportunity, after all, the Internet and bureaucracy are a very bad combination.
Your money is always your money
Another painful point of traditional casinos is the security service, which can block your account at the slightest suspicion of fraud. Sometimes it is enough to accidentally get to the same table with scammers who launder money obtained by criminal means to permanently lose access to your account. The security service will block your account and freeze (in favor of the casino) funds on it. In bitcoin casinos, the probability of blocking your account due to suspicion of the origin of funds is negligible. Thus, one of the key properties of bitcoin works in a bitcoin casino – the user’s money belongs to the user.
As you know, 1 bitcoin is 100 million satoshi and this property of bitcoin to be divided into small parts is beneficial in the case of cryptocurrency casinos. And it’s not just about bets less, say, $ 1. You can easily play for amounts like 0.00001000 BTC (1000 satoshi), which is equivalent to $ 0.002 today. Thus, the doors of a bitcoin casino are open not only for hunters for a big jackpot, but also for those who just want to play their favorite games for symbolic money.
One cannot ignore the favorite property of bitcoin critics – high volatility. For players, if the price of bitcoin rises, this is an obvious and pleasant bonus. Just imagine that at the end of October 2013, you had several won bitcoins on your account, which in November began to cost 10 times more. By the way, now Bitcoin costs about $ 240, which, according to some representatives of the community, is very cheap.
Bitcoin Casino without borders
Let’s imagine the situation that you live in a country where gambling is prohibited not only in real life, but also on the Internet. And serious online casinos just don’t let you play for real money. Yes, you can use the ip-address of another country, but when you enter funds from a bank card or when identifying in the service, your trick will most likely be noticed. In the case of a bitcoin casino, such problems will not arise, and even if you have to use a different ip-address, your bitcoins will not tell anyone who you are and where you are from.
Bitcoin Casino High manufacturability
And finally, it is worth emphasizing that by choosing a bitcoin casino instead of a traditional gambling service, you are choosing new technologies, encouraging their development and distribution. In addition, by default you become a part of one of the most interesting and active Internet communities.
High competition in a young market
Unlike bitcoin exchanges, where the number of players does not grow so quickly, the entry threshold is much higher, and the client often has no alternatives, the situation is different with bitcoin casinos. Launching a crypto casino is not that expensive, which is why the supply growth dynamics is quite high.
It is also worth considering that there are quite large and established players on the online gambling market, who have been working for more than a dozen years, but exclusively with traditional payment instruments. This is an additional factor influencing the development of the cryptocurrency casino market. Luring gamblers away from traditional services, differing from them only in working with cryptocurrencies, is hardly an easy task. All of the above directs bitcoin casinos to constantly improve the quality of services and individual work with each client.