All you need to know about Bitcoin Gambling
Bitcoin and other cryptocurrencies have been around for more than eight years now. Their progress has been going upwards almost constantly, with occasional smaller dips.
The beginning of Bitcoin gambling happened when several countries banned online gambling and prevented players to enjoy this sort of entertainment. This decision from 2006, forced the gambling industry to find a way for millions of players to play online betting games. The choice was to embrace the blockchain technology and cryptocurrencies, as they assured anonymity and safety at the same time. Nowadays, BTC gambling can be called a trend with almost 60% of cryptocurrency trade made through the casino and betting websites.
Advantages of Bitcoin gambling
This type of gambling allows players to play anywhere in the world and it is extremely easy and secure. Even in cases when the country prohibits online betting, it allows players to play their favorite casino games from their homes. Furthermore, with BTC gambling there are no hidden expenses, conversion or fees and transfers are much faster than with any other money option. It means that all transaction, deposits or withdrawals, are almost instantaneous. Gambling with cryptocurrency is not government regulated and its value doesn’t depend on any law in any country.
BTC gambling and casinos
Online gambling brings lots of opportunities to have fun and profit, but also if caution is not involved, the player can easily become a victim of a scam as well. The best way to look for a trustworthy casino is to browse through reviews, consult skilled players, analyze casino’s game offer and bonuses and check if they are licensed. Untrusty casinos often don’t last very long so this could be another way to examine its safety. The lists of most trusty Bitcoin casinos have been updated regularly and the one always among the safes is FortuneJack. This online casino, for example, started its operation in 2013, has a wide choice of games, good reviews, numerous promotions, around the clock support, mobile version of the platform and of course it’s licensed.
Future of online gambling
Most trustworthy Bitcoin casinos give rich promotional packages, good bonuses and also accept more than one cryptocurrency. Respectful online casinos will never ask any unnecessary personal or bank information, they’ll provide fair gaming conditions, and will heavily guard player’s privacy because their future and rating depend on it.
Judging from the present situation, as the number of online casinos accepting Bitcoin is constantly growing and players are enabled to play more and more games by depositing cryptocurrencies, it is safe to say that BTC casinos are here to stay.