The casino industry, much like every other business in the corporate world, has been making its transition into the digital space. Whereas once, people needed to go from place to place to find good casinos, now they can access those same casinos (and thousands of new additions) from the comfort and convenience of their own home.
Nowadays, all you need to do is open up a digital device, log into your casino’s respective casino account, start betting and playing to your heart’s content. Best of all, you can play all these online games for a shot at winning real money – or, depending on your luck, even scoring a jackpot!
Online casinos aren’t the only thing gaining more traction these days. On the monetary side of things, Bitcoin has also been gaining popularity as people become aware of its existence and future potential. There may be few (if any) who have not at least heard of the term beforehand in today’s day and age.
So what exactly are Bitcoins?
Before we get into Bitcoin casinos, a clarification of the term is in order. Bitcoin is a digital currency that operates solely in the digital sphere. Like any currency, you can use it to buy or sell goods. Any transaction that involves Bitcoins – payment or receipt – is recorded on the blockchain, which is essentially a public ledger.
Can you use Bitcoins in casinos?
Now that you know what Bitcoins are, you may be wondering if you can use them to gamble – as you would for any other currency. The answer to that is maybe. Yes, you can use Bitcoins to play online casino games, but you will have to make sure the casino actually accepts Bitcoins as payment.
Because there are still so many rumors involving Bitcoins, it is not surprising that some casinos refuse to accept Bitcoins for wagers. However, most casinos are ahead of their time, and many accept Bitcoin as a valid currency.
Although many casinos accept Bitcoin, it is preferable to look for casinos that operate solely on Bitcoins. Specialized Bitcoin casinos are the most suitable because the games are specially tailored to suit the use of Bitcoins.
Why should you play using Bitcoins?
Although the concept of Bitcoins and cryptocurrencies still seems like a foreign one to many people – and businesses – it is still very beneficial to make use of them.
One of the best things about Bitcoins is that there is no intermediary involved in the transactions – be it brokers, banks, or the government, they cannot regulate or control Bitcoins. This means that when you make withdrawals or deposits, you will incur no extra costs. If you score a win at the online casino, you can immediately withdraw your prize without delay or additional expenses.
The Bitcoin casinos themselves put more priority on customer satisfaction. Unlike regular online casinos, Bitcoin casinos bring something entirely new to the playing field. With top-notch games and unique themes, Bitcoin casinos truly take gambling to another level.
Experts far and wide have titled Bitcoin as the currency of the future, so it would come as no surprise if more and more casinos began to accept Bitcoin as a currency – or even if they start to specialize in Bitcoin-focused games!
What to look for when choosing a Bitcoin casino?
Despite the fact that Bitcoin casinos are still a relatively new entity in the online casino world, there are still many options to choose from. That said, how do you decide which Bitcoin casino to choose? Here are some tips to help you get started!
What is the reputation like?
As is the case with any casino – online, Bitcoin-focused, or otherwise – it is important to look into the history and reputation of the casino. Is it a reputable one? Have there been any reviews regarding its untrustworthiness? In this case, it is important to read customer reviews to get an idea of whether or not this casino is a legitimate one.
Although customer reviews are pretty helpful, ignore the ones that claim that the casino is a bad one just because they never won. It is important to keep in mind that casinos are for gambling – it’s all based on luck!
Is Bitcoin the only acceptable currency?
Suppose the casino you are looking into does not operate solely on Bitcoins. In that case, you may have to go through the hassle of converting Bitcoins into traditional currency time and again. It may take time and effort to do that every time you withdraw or deposit Bitcoins.
In contrast, if you choose a casino that uses only Bitcoin as its currency, then you won’t have to worry about spending extra time and energy on the conversion. You can just send and take Bitcoins as they are. The reliable sites will show you all the values and prices in terms of Bitcoins rather than any other currency.
What is customer service like?
Customer service is perhaps one of the best indicators of any business out there. However, it is perhaps the most important thing to consider when considering a casino – particularly one that operates on Bitcoins only. The risk in using Bitcoin is that you need to make sure the casino you are dealing with is reliable because there is no third party to regulate the cryptocurrency. In short, you are responsible for your own losses if you are scammed.
Try contacting customer support to see what the casino is like. A casino that takes itself seriously will respond quickly and professionally. The way a business responds to potential customers says a lot about how they treat their customer base.
It is crucial to keep all this advice in mind. When it comes to Bitcoin, things are still somewhat uncertain. There aren’t enough regulations in place to keep you from suffering a big loss. Still, that doesn’t mean you can’t have some fun with it – all with due research, of course!
Check out some of the best Bitcoin casinos at betcaptains!