It’s the 21st century, and technology has once again shown how advanced it can get. The online casino gambling community is now being revolutionized with the advancement in the financial sector. Cryptocurrency is the latest development, and some online casinos are already in line with this advancement. It is no news that most online casino platforms now accept Bitcoin as a means of deposits and withdrawals for gambling. Bitcoin casinos are slowly becoming the next big thing in the online gambling community. Some online casinos have declared they no longer accept fiat but strictly cryptocurrency, bitcoin. The reason behind this is based on the advantages. Bitcoin has over fiat as a legal tender.
Other aspects of gambling remain intact on online casinos, asides from the deposits and withdrawals. The games are the same, and the strategies in playing these games remain unchanged. So, why are Bitcoin casinos the next big thing in the casino community? Will fiat no longer be accepted? How long will it take Bitcoin to take control of the whole community? These, amongst others, are some of the questions that would be answered in this post. Some online casinos now offer the Bitcoin no deposit bonus incentives to keep their gamblers interested in gambling with Bitcoin. Revolution is not easy, as individuals easily get used to a particular routine and tend to find it challenging to embrace advancements.
Reasons behind the increasing popularity of Bitcoin casinos
As established above, there’s an increase in the number of online crypto casinos, and the reasons behind this increase are thus;
● Fast withdrawals and deposits:
One of the most fundamental problems with most online casinos is withdrawals and deposit processes. As essential as it appears, some reputable online casinos still undergo these problems. The reason is, transactions involving fiat are limited, especially when it’s bulky. An online casino with hundreds of deposit transactions coming in per minute will most likely take a couple of minutes, if not hours, to process withdrawals. So, online casino platforms have moved in rectifying this problem to serve their clients better. Be sure to note that this issue most times is not always from the online casino, but financial institutions. Hence, a more advanced means of making withdrawals and deposits, bitcoin, is now being adopted.
Bitcoin and other cryptocurrencies have the capacity of carrying out thousands of transactions, either withdrawals or deposits, within a short period. So, since the issues of deposits and withdrawals have been sorted with cryptocurrency, and it’s stress-free, the most platform sticks to it.
● Low transaction charges:
Transaction charges on Bitcoin and other cryptocurrency networks are very low compared to fiat. Irrespective of the amount you are sending and depending on the network, the transaction charges remain. Fiats will likely increase at the slightest increase in the amount sent or received. So, the transaction charges deducted can never make up for the transaction speed using fiat as a means of exchange. At least, if the transaction charges will be expensive, the transaction speed in processing each transaction should be impressive. Bitcoin offers breakneck transaction speed at minimal and subsidized transaction charges. Hence, it’s one of those few reasons why Bitcoin is preferred to fiat.
● Comes with incentives:
The cryptocurrency community comes with its ups and downs due to price volatility, which applies to Bitcoin. Using Bitcoin as a means of exchange would profit the gambler consistently. You get to deposit enough Bitcoin when the price of Bitcoin drops and withdraw when it pumps. So, you could have $100 worth of Bitcoin, say 0.005btc, in your account today, and by the end of the week, your 0.0005btc is now worth $150 available for withdrawal. Another incentive is the Bitcoin casino no deposit bonus, which most online casinos offer their client as loyalty bonuses and welcome bonuses for new members. So, you can sign up on Top Dog Casinos to get these bonuses either as a new member or as an old member.
Most online gambling platforms are now accepting Bitcoin and other cryptocurrencies in place of fiat because of the advantages and well influence the cryptocurrency community has over the financial sector. So, you might also want to check out the various benefits involved in playing casino games with Bitcoin. It’s not only stress-free; it’s pretty lucrative and could serve as a means of accumulating more Bitcoin. If you are good at gambling and playing casino games, you should play online casinos accepting Bitcoin and any other cryptocurrency.