Bitcoin cryptocurrencies have become a very popular way to pay for goods and services in numerous industries. It has become an integral way to make deposits and request withdrawals in the online casino industry for a number of reasons. The ones at the top of this list start with anonymity. There is no centralized financial institution backing the exchange of bitcoins, so the transaction is only recorded by a unique transaction number. Another big reason why bitcoin transactions are popular is limited transaction fees.
Increase Of Bitcoin gambling in the USA
Bitcoin gambling in the USA is on the rise. Many online gambling sites are referred to as Bitcoin Casinos for their use of cryptos as a primary banking function. One of the biggest search phrases in the gambling industry is ‘do casinos accept Bitcoins?’ The overwhelming response is yes, but with certain reservations.
Indeed, the topic of playing at an online Bitcoin Casino was addressed at length. Many industry insiders believe that online crypto casinos could be the wave of the future. The way people gamble online these days is one of the driving forces behind this view. The important thing any online player needs to do is educate themselves on the subject.
The term BTC Casino could be a bit misleading. These casinos accept cryptocurrency which also includes Litecoin, BCH, Dogecoin,Ethereum, Ripple as a few other viable alternatives. Regardless of the type of crypto used, this is still money that can easily be lost as it can be one. Cryptos are still purchased and sold as something of value. Be careful to not lose sight of this fact just because you are not gambling with a government-backed currency.
Do Casinos Accept Bitcoin?
Bitcoin Casinos all operate in a similar fashion to other traditional online gambling venues. The house edge remains in place and there are usually far more losers than big winners. According to Coindoo: “It pays to be clever when you place a bet and make sure that the decision is yours and not at the influence of someone else. You can even find another Bitcoin Casino that suits your choice if need be.”
Any form of gambling all comes down to luck. Some slots games may add an element of skill, but you still need to be lucky to win. The post goes on to add: “The house edge is the deciding element of wins. A higher house edge always leaves the players with lower winning chances, whereas when the house edge is low, players have a good chance of winning.”
How Bitcoin Casinos Offer A Lower House Edge
Bitcoin Casinos in general, tend to offer lower house edges than more traditional real money online gambling sites. However, the house edge in any casino varies depending on the actual game you are playing. You should always make yourself aware of the house’s take before placing any real money wagers. This is true whether it is an online slot machine or a craps table at a land-based casino hotel & resort.
Best Bitcoin Gambling Site
One Bitcoin Casino site that was mentioned was CrytpoSlots Casino as the world’s most awarded crypto casino. This site won the 2018 PlaySlots4RealMoney.com Players’ Choice Award. At CryptoSlots, you can start a casino account anonymously from anywhere in the world. That’s right, even if you live in The United States Of America, Or The United Kingdom, you can play at CryptoSlots.Most importantly, All you need to open your online casino account is your bitcoin wallet address. Yes, most betting sites offer only bitcoin transactions. However, CrytpoSlots accepts bitcoin for payment options and Litecoins, BCH, and Ethereum for their banking system. In addition to slot machines, CryptoSlots casino offers other casino games like video poker. Read More.