If you are new to gambling of any type but are interested in gambling online, you have likely already looked on the web for different casinos and sportsbooks you can play at. If you have found this article, you have searched well — but with hundreds of options out there, you probably need a little help deciding.
One of the most important decisions is whether you want to gamble at a traditional online casino or a Bitcoin casino. As a Bitcoin review and informational website, we can definitely tell you that the safest way to gamble is via Bitcoin. If you don’t have any Bitcoin (BTC), don’t worry — it isn’t as difficult as it may seem to acquire some to gamble.
First things first: Bitcoin casinos are far safer in terms of transactions, both when depositing and cashing out. At online casinos that use cash, your bank could decline your transaction due to online gambling laws. And your winnings could be confiscated if you are caught gambling via hard (fiat) currency.
However, with Bitcoin, your gambling is anonymous and your funds are never tied to you by name. Nor is your account if you choose the right Bitcoin casino. Using a Bitcoin casino means you can curtail the online gambling laws that exist in places like the U.S., U.K., Australia, and so on — this means Bitcoin gambling is legal (well, it’s a grey area, but no one can take action or take your Bitcoin — they couldn’t anyways since your name and information are never attached to your Bitcoin).
Let’s take a look at more differences between traditional online casinos and Bitcoin casinos to see which is the best fit for you.
Currency
As we just went over a bit, one of the main differences between online casinos and Bitcoin casinos is the types of currency used to make deposits and withdrawals. Bitcoin casinos are the best bet since they only process deposits and withdrawals using BTC; where online casinos only use credit cards and bank transfers to use hard cash (e.g., USD, GBP, EUR, and so on). Bitcoin casinos only deal in Bitcoins (BTC) for a variety of reasons.
First, there aren’t any transaction fees when you deposit or cash out using BTC. When you gamble on traditional online casinos with other forms of currency, you likely will end up paying transaction or processing fees every time you deposit or withdrawal.
Secondly, processing time for Bitcoin is instant in nearly all cases — but for regular currency, you will wait at a minimum of hours (but more likely days) to process. Many forms of cashing out (like checks) can take weeks. Playing at Bitcoin casinos means that transactions are instant because the deposits and withdrawals simply go directly to and from your anonymous Bitcoin wallet.
Finally, Bitcoin casinos are far safer options to gamble, both in terms of your identity remaining secret and your Bitcoins being safe. Bitcoin transactions are anonymous and highly encrypted, so it is virtually impossible for anyone to steal your Bitcoins. Online casinos, however, are not anonymous and many forms aren’t secure. This makes you more vulnerable to scams or straight out thefts (especially if you use a credit or debit card online).
Advantages of Gambling at Bitcoin Casinos
When enjoying a Bitcoin casino, you have the ability to win additional Bitcoin with your earnings. Even if traditional online casinos allow you to make transactions via BTC, they will also only offer you the ability to withdrawal with cash only in exchange for the use of Bitcoins.
If you have been taking a look at the value of Bitcoins lately, you will know that its value continues to skyrocket. This means that if you hit jackpots and earn bonuses in BTC rather than other forms of currency, you are winning more money at a Bitcoin casino than you would be at a traditional online casino.
Withdrawal limits — traditional online casinos often have rules that limit the amount of winnings you can actually cash out per day. The processing time for transactions at online casinos also vary. Players at Bitcoin casinos, however, never have to worry about withdrawal limits and all of the transactions are instant (no waiting).
These are two huge advantages for players who want to win jackpots or high rollers who want to make large wagers without any house restrictions.
Conclusion: Bitcoin Casinos are Simply the Better Choice
These are two huge advantages for players who want to win jackpots or high rollers who want to make large wagers without any house restrictions.
Waiting for funds or your winnings are not fun. Nor is paying fees just to make a transaction — you can avoid waiting and fees by using Bitcoin to gamble. Also, as the value of Bitcoin rises, the BTC you have yet to deposit ends up being valued more than regular currency, which means you end up gambling and winning more money.
There are many differences between traditional online casinos and Bitcoin casinos, but one of the more important parts of BTC casinos (for most players) are: the instant transactions and the anonymous nature of gambling and using Bitcoin at these casinos.
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