Bitcoin Casinos Becoming Big BusinessPublished March 17, 2017
The crypto-currency was born online and is perfect for online gambling.
Bitcoin casinos have been around for the last few years and more and more seem to be popping up. The popularity of the crypto-currency for online gaming has steadily been increasing. Canadian players have warmed up to the idea of a more anonymous online gambling experience, which is exactly what using Bitcoin is all about. In the past, players have question operators' intentions for using the currency, but now that there are many reputable brands accepting Bitcoin, and business is better than ever, it seems like the masses have warmed up to it.
Advantages of Bitcoin
There are many reasons for the rise of Bitcoin casinos, but the one that should be known to all is its high security. If stored correctly with strong passwords, someone stealing your cash is very unlikely. Whereas, credit cards are stolen all the time, and even websites that store your payment data are more vulnerable that Bitcoin.
Bitcoin also features fast transactions. Sometimes bank transfers can take up to a week to process, whereas the longest that anyone will need to wait is 24 hours, but most transactions are approved in few minutes. They are much cheaper to use and don't take massive percentages like credit cards and bank transfers do.
With the world now in a digital era, Bitcoin is the perfect solution for online transactions. Casinos like BitCasino and Vegas Casino only offer Bitcoin to facilitate their transaction, and if these reputable casinos have based their entire business model around Bitcoin it should be a sign that the more and more brands will take suit.