If the casino accepts cryptocurrencies, then most likely, it accepts deposits in Bitcoin. This rule applies to all popular crypto gaming portals – exceptions can be counted on the fingers. If you need to quickly choose a place where it will be convenient to play for bitcoins, the following portals with cryptocurrency games are perfect for this.
Why is it profitable to play in a casino for bitcoins
Cryptocurrency offers the player clear and significant advantages in online crypto casino games. Try to play for BTC for the first time – thoughts about playing for fiat money will surely go to the farthest and dustiest shelf. Here are the main advantages of Bitcoin in online gambling:
- Anonymity. The system checks your profitability, not your identity. The privacy of personal information is very important for gamblers. Using cryptocurrency, you can be calm about the safety of personal data.
- Higher chance of winning. Bitcoin casinos typically offer relatively high payout percentages to players due to lower payment processing costs.
- Speed. It will take much less time to confirm a bitcoin transaction than when depositing and withdrawing fiat money.
- Saving. Miners’ salaries will seem paltry next to typical financial transfer fees. Transactions become expensive only during times of high network load.
- Independence. Your geographic location doesn’t matter when you play cryptocurrency.
Compared to other coins, Bitcoin provides the player with more opportunities due to its prevalence. The choice of games for bitcoins is much wider, and there are an order of magnitude more bitcoin casinos themselves. Many of these portals offer BTC casino games with real dealers and progressive jackpots, such as the crash bitcoin game, which was hard to imagine just a few years ago.
In addition, Provably Fair games are often found in cryptocurrency casinos using cryptographic hashing technology. This mechanism allows the player to verify the correct and unbiased operation of the gaming algorithms, thus checking the integrity of the bitcoin casino gaming applications.
If earlier the word “cryptocurrency” could cause bewilderment, today, decentralized money can simplify life in many areas. Gambling is no exception. Bitcoin casinos offer players a lot of advantages that they won’t want to part with.
Possible disadvantages of playing on bitcoin
Cryptocurrency features promise not only advantages to bitcoin casino visitors. In some cases, players may encounter a number of inconveniences. Below are a few aspects of BTC, without which it would be much more relaxed to play Bitcoin.
Transaction cost spikes
In general, transfers on the Bitcoin network are considered quite cheap. And this is indeed the case when the network is not overloaded with transactions. But during periods of increased load, you can pay $10 or even $20 commission for transferring the equivalent of $100, which does not look so attractive to BTC casino players.
The problem was practically non-existent when cryptocurrencies were mostly discussed on forums. But as new wallets appeared on the network, people began to transfer bitcoins to each other more actively. When major media publish sensational news and articles about Bitcoin, this increasingly leads to higher transaction costs and longer processing times.
BTC price fluctuations are a rather controversial feature of cryptocurrency. In the short term, this can cause inconvenience and even loss. This is especially evident if a player buys bitcoins with fiat money solely for casino games. After the withdrawal of the cryptocurrency, he will have to transfer it back to fiat, and this can lose a lot of money.