Last updated on August 28th, 2021 at 03:07 pm
Bitcoin Casino is an online casino or sportsbook where you can use cryptocurrency instead of (or alongside with) fiat currency.
In the past years, BTC and other crypto tokens have become a popular alternative to the traditional currencies. People are looking for ways not only to trade with their crypto assets, but also where to use them.
Bitcoin casinos offer the same variety of games and and betting options for their players as the traditional ones. Basically there is no difference between them, however there are certain games in cryptocurrency only with bitcoin jackpot prizes.
If you have chosen a cryptocurrency casino, you probably have some knowledge in bitcoin and other crypto tokens. You need to have the relevant wallet and from there you can transfer the needed amount to your casino wallet.
Some casinos like TrueFlip even offer their own cryptocurrency token. This is a nice option to both use digital currency and to play safely without using your banking or debit card details. At the same time you will have a dedicated wallet only for playing on the site, so it makes it much easier to track your transactions and finances.
Pros and cons of playing at Bitcoin Casinos
Most bitcoin casino sites offer zero transaction fees with unlimited free daily transactions, whereas traditional currency based casinos have set limits and transaction fees. This is due to the fact, that the casino itself doesn’t pay any cost to banks, e-wallets or other processors for the crypto transactions.
Furthermore, cryptocurrency payments are anonymous. Bitcoin casinos with no fiat payment options usually require less personal information and identification. However, as good as discretion might sound, it’s not always the best option.
The identity checks are a guarantee for the players, their funds and security. If you choose a bitcoin casino, choose a regulated and high reputable brand where you can safely deposit and play.