4 facts about Bitcoin casinos you need to know
4 facts about Bitcoin casinos you need to know
Jun 9, 2020 at 12:31:34
 

The online casino world has always been ahead of its time and ready to embrace new technologies with gusto.

Bitcoin and the rise of cryptocurrency is no different. There are a number of different Bitcoin casinos available to be enjoyed, and we have our favorites.

If you’re new to Bitcoin casinos, here are 5 facts you need to know about playing at these new arrivals.

 

FACT #1 – TRANSACTIONS ARE LIGHTNING FAST

Thanks to cryptocurrency being decentralized, you can rest assured that any transactions you make will be very fast. Lightning fast, in fact! That’s because the transactions are purely peer to peer with no middle man involved.

There are no KYC verifications involved, and no fiat currency needs to change hands for the transaction to be approved. Thanks to these factors alone, you can slice of days of waiting from the deposit and withdrawal process.

 

FACT #2 – PLAYING AT BITCOIN CASINOS IS SAFER

Instead of being identified by names and ID numbers, the blockchain only recognizes hashes and codes that are linked to your Bitcoin. When transacting with the online casino of your choice, the only tie back to you are those codes.

This makes playing at Bitcoin casinos safe as you are totally anonymous. There’s no way to track or pin any transactions to your personal accounts without your knowing. While you may not have any need to be anonymous when playing at a legal online casino, it’s still good to know that your data is tucked away safely without any chance of your information being stolen.

 

FACT #3 – GAME OPTIONS ARE PROVABLY FAIR

If there’s one thing that can set your mind at ease when playing at a Bitcoin casino, it’s that the games you play are 100% fair. Provably fair is the term used for casino games that verify each bet and game round played. Having access to provably fair games means you won’t need to worry that your games are being tampered with as you place your bets. Instead, only safe and secure gameplay will be enjoyed.

 

FACT #4 – MAKE A DEPOSIT OR WITHDRAWAL AND SAVE

While you already know that making a transaction at a Bitcoin casino is safer thanks to being anonymous, it’s also cheaper! The security protocols are the best in the world, making it impossible for hackers to access your account details or funds. But one of the best reasons to play with Bitcoin is the fixed price of transactions.

While it may cost you more to make deposits or withdrawals via other payment options, Bitcoin doesn’t see distance or countries as a factor to consider. This keeps transaction fees low, saving you money in the long run. In fact, in many instances, there are no fees attached to transactions at all, giving you the ultimate freedom to move your money around as you see fit.

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