Let’s be real – everything that is related to Bitcoins, or any other cryptocurrency, is popular by itself. As we all can see, in the first moment you mention Bitcoins, all eyes are on you, waiting for what you will tell next. So, it’s not unexpected that these currencies got deeper in the gambling industry, making the gamblers get “addicted” to crypto deposits, and play with them until they win some great prize or even the jackpot.
In the USA, crypto casinos are still illegal, but there are many countries worldwide that let the players play anonymously, choose the game they want, make transactions without daily limits, which leads to the next question – is Bitcoin gambling a “grey area”. But, compared to the traditional casinos, no matter if they are real-life or online, the player doesn’t need to put real money on their bets, since they already own the crypto coins for some reason. Bitcoin gambling became popular almost a decade ago, and since then, many players are asking themselves is worth switching to crypto casinos, are there enough games to play, or can they really win by using these coins? If you are looking for legitimate crypto gambling games, you can click here to play at Playamo, and find what fits the best for you.
Until you do that, here are a few reasons why this type of gambling is popular between the players:
1. Private money transfers
When you play with your crypto savings, you need to know that the money can be transferred easily through the blockchain, which is a decentralized unit, and the transactions are anonymous and safe. When you use real money, their “path” can be tracked down, because you need to register with your personal information, so you can confirm your name and age. When it comes to cryptocurrency gambling, that’s not necessary, knowing that this information is very sensitive and tightly related to the players’ identity. With all that data, you have a full right to be afraid for your privacy, and cyber-attacks, so if you are concerned, you may want to proceed to play with the crypto deposits, and enjoy the private game.
2. Bonuses are big
Online casinos usually come with nice bonuses you can use to play, and sometimes even win something, so you can play the next round. The most popular game is the live casino, and some players choose to get paid in cryptocurrencies. Naturally, most people swear in Bitcoins, because they were the first cryptocurrency to appear on the market, and it’s gaining more and more popularity every day. On the other hand, crypto bonuses are not that private as the transactions, but in the end, you will have a lot of money to enjoy and re-invest in your game.
3. You can play without location restrictions
Sometimes, some games and features are restricted, due to geolocation. With the cryptocurrencies, this is a past, because the same rules of the blockchain are valuable everywhere. You only need to pay a lot of attention to the laws and restrictions in your country, because not everywhere cryptos are widely accepted. Most of the Bitcoin casinos are allowed in every part of the world, and everyone can play, by simply adding their crypto wallet as a payment method.
4. High level of safety and security
This is the main reason why people give up when they try to register on any online casino website. It requires a lot of personal information, and not everyone is comfortable with that, even though these websites are ensuring a few layers of encryption, and even if someone accesses the information, they can’t decode it. No one wants to give access to anyone to their private activities, and very often, the authorities have a legit right to snoop around and check the casino accounts. Also, the fear of third party websites is here too, and people often decide not to register on any online casino, even though they have a pretty bonus to start. Safety should come first in every case, and no player should be afraid of malware, viruses, key loggers, and other suspicious software that will steal their data.
5. Putting the money in a wallet
As you probably already know, after you get the Bitcoins, you must put them in your digital wallet, so they can be protected. Try to use physical devices to keep the coins, so you can be sure no one can ever access, and steal them. You can exchange them for fiat money every time you estimate you can do that. For example, right now, one Bitcoin is worth more than $19,500 and we can say this is its golden time because the experts are expecting this trend will continue until the end of the year.
As we said, these casinos are in the “gray zone”, so a limited number of regulations can affect them, and the accessibility may vary from one country to another. But, the fact is that they are more accessible even for those who have limited access to casinos. For example, in the USA, as we already mentioned, crypto casinos are forbidden, but that doesn’t mean the citizens can’t play them elsewhere. No one can prove where are those coins coming from, because it requires advanced tools to research.
Also, we need to know that other cryptocurrencies can be used for gambling too. They also offer secure transactions with no fees included. Anyway, you need to be careful with these games, because gambling and all the games of luck are risky, and may affect your wallet a lot. Casinos shouldn’t be your main source of income. Playing is at your own risk, and no one is responsible for your decisions. If you can’t afford it, then don’t put money on that, no matter if it’s real money or crypto coins.
Be responsible, and take just the risks you are ready to handle by yourself. Consider gambling as an entertaining activity, and don’t hook on it, because there are many more legal ways to earn money and live comfortably.