The world of bitcoin gambling is growing very fast, and the future seems to be very bright. Try it today and experience the wide range of interesting opportunities it presents.
Here we have listed everything you need, to know what you will be getting yourself into if you decide to delve into the world of bitcoin gambling.
2020 is for Bitcoin
Ever since its invention, the world has not been very kind to bitcoin casinos. Most cryptocurrencies, including bitcoin, lost value from November to December 2018. This price slide had most experts wondering what 2020 might bring. Could 2020 be the year that bitcoin makes its grand entry into the world of online gambling, especially online casinos?
Nonetheless, it might be reckless to try to predict the said cryptocurrency year ahead by only thinking about the online gambling issue. Nevertheless, the fundamental importance of bitcoin gambling lies in the fact that it provides us with an overview of the large cryptocurrency space.
Gambling online seems quite ripe for an additional expansion of bitcoin; therefore, we anticipate that whatever direction that this cryptocurrency takes the part it will play towards the growth of online gambling is clear.
Future of Initial Coin Offerings (ICOs)
Back in 2018, experts predicted that the long and painful death of ICOs would begin and would end with most of the available coins being underwater. According to some researchers, these predictions have proven to be right.
There are some 86% of all the ICOs that were established back in 2017 that are already below their initial listing price. More than 30% of them have already lost their value. It is highly likely that there will be a transition from the ICOs towards enterprise-level growth. It seems that there are only a few people that will be willing to buy cryptos as hard assets, instead choosing to invest in crypto platforms and blockchain platforms.
If they are right, the question then arises in regard to how this will then affect bitcoin gambling. We can start analyzing this by starting with the question of volatility. Keep in mind that volatility is one of the most important things that frighten people when it comes to cryptocurrencies.
Best Bitcoin Casino Sites
There is an increased number of online casinos out there accepting bitcoin. One of the things we have done when reviewing the best online casinos is to make sure that we have included the best bitcoin casinos where players can use the cryptocurrency to make deposits and withdrawals.
Bitcoin Only Online Casinos
It is important to note that there are some online casinos that only operate with bitcoin or at least with only cryptocurrencies and no other types of payments. Depending on exactly what a player is looking for, they can choose to join such an online casino. However, it is important to note that there are other casinos that accept bitcoin and other payment methods; we recommend joining such casinos if you want to have some level of flexibility when it comes to making payments.
The primary advantage of casinos that accepts bitcoin and other payment options are the reputation and quality of service. Here, we are talking about poker sites, sportsbooks, and casinos that have been in existence for many years. They are fully licensed and are powered by renowned software brands. Their gameplay, user interface, and design are perfectly polished.
Benefits of Cryptocurrency Gambling
There are several reasons why bitcoin is considered to be a perfect match for gambling online.
There are many advantages associated with this cryptocurrency that are in favor of both the casino operators and the players.
Some of these benefits will only be available if you join an online casino that accepts bitcoin.
The good news is that you can remain anonymous, without any boring procedures of submitting lots of your private information to the casino or a bunch of other requirements that you have to meet. Most operators of bitcoin-only casinos will not ask you for such details, especially if you live in a country where gambling online is not regulated.
The United States is a great example of this. However, players from the united states have nothing to worry about because they will remain anonymous if they join such a bitcoin online casino.
The bitcoin-only casino’s deposits and withdrawals are faster as compared to the traditional payment method such as bank wire transfers and debit/credit cards. You don’t have to wait for more days to have the money in your account.
Lower Transaction Fees
The fees are insignificant and in most cases, it is the casino operator that covers them on behalf of the player. Furthermore, these bitcoin casinos incur fewer costs to develop the cashier section because there isn’t much processing that is needed. For this reason, the casinos are in a better position to provide lower margins and better odds.
Most of the biggest sportsbook, poker and casino bonuses offered online are also available for bitcoin casino users. The amount of money you get is more than the fiat currencies.
With proper protection of your bitcoin wallet, there is less risk of your account being accessed by third parties or anyone else that is not authorized to do so as long as you don’t share the private details with any person, unlike the conventional gaming sites.
There are some government agencies that are attempting to change this, but as of now, there are no taxes charged for using bitcoin. You will not be required to pay or declare anything to the government for you to use the cryptocurrency.
Like other online casinos, tips for joining and playing at bitcoin casinos remain the same. To start with, you ought to stick to trustworthy bitcoin online casinos that are properly regulated and licensed and the operator guarantees fair play. These promotions are vital because you want to make sure that you get the maximum possible value from your gambling trends.
However, there are some online gambling tips that apply exclusively to bitcoin gambling. For instance, keep watchful eyes on the casino games with a zero (0) house edge, or if you are betting on sports, choose games without a betting margin or if you are playing poker, choose a game with no rake. Most of the bitcoin casinos have products that cannot be found in the traditional gambling sites.