Why Are Bitcoin Casinos So Popular?
Bitcoin has established itself as a powerful means of payment in our current technological age, allowing people to buy goods, place bets and make transactions while remaining anonymous and, most importantly, with sufficient security.
For these and other reasons, Bitcoin has a number of potential advantages, especially in online casinos. All of this has contributed to the popularity of Bitcoin casinos. Here are some of the advantages of playing at Bitcoin Casino.
Anonymity
The anonymity of bitcoin gambling is the first advantage. It can be advantageous for you, especially if you want to play at a casino. This is because bitcoin is anonymous, so your personal details remain hidden throughout a transaction.
So if you use bitcoin, you can also bet anonymously. Another advantage is that transactions are extremely secure and easy to make. Indeed, payments are secured using the most sophisticated encryption available.
Finally, you can be sure of one thing, transactions made at a Bitcoin casino will never be recorded on your credit card or bank account statements.
Transparency
Traditional casinos have a reputation for hiding the facts about future winnings from their customers. They also have a bad reputation for using various strategies of varying degrees of complexity to gain an advantage over players. The majority of players are usually unaware of these dubious schemes. As a result, they continue to play and lose money without realizing what is behind their losses.
Bitcoin casinos have eliminated the risk of the house using questionable tactics to gain an advantage in the game. They have a straightforward and consistent framework that ensures players are aware of the odds. This transparency ensures a mutually beneficial relationship of trust, which eliminates the majority of scams. This is the case with systems called provably fair, for example.
Bitcoin Casinos Are Affordable
Traditional online casinos are penalized for their exorbitant transaction and deposit fees. To top it off, players also have to deal with a plethora of taxes, which have a major effect on overall winnings. With no or minimal transaction fees at Bitcoin casinos, the majority of these costs are virtually eliminated.
Bitcoin casinos are often unregulated by a payment provider or institution, resulting in even lower transaction costs. Low withdrawal and deposit fees are also common, making Bitcoin casinos more attractive to players than conventional casinos.
Bitcoin Casino Games
Players at Bitcoin casinos have access to a wide range of online games. Table games like roulette and blackjack are also available.
Bitcoin casinos are catching up with other types of casinos, and some also offer live dealers casino games, such as blackjack, baccarat and roulette. Live casino games are extremely interactive, entertaining and greatly enhance the user experience.
There are a variety of bitcoin games available on bitcoin gaming sites, just like in traditional casinos. Let’s take a look at some of the most famous games.
Blackjack
Blackjack is a game that can be found in both bitcoin and traditional casinos. Double exposure, multi-hand blackjack and pontoon are all common variations of the game available in bitcoin casinos.
You have a chance to win a prize if you get closer to 21 than your dealer. Many seasoned players have suggested that newcomers to the world of blackjack should start with bitcoin blackjack. This is because the program used simplifies the complexities of the game.
Roulette
This is most likely the most famous live casino game. The definition is simple: you have to predict what colour or number the ball will land on. You can choose from a wide variety of bets, which allows you to maximize your chances of winning.
Slot Machines
Bitcoin slots have recently become extremely common. They have grown from simple three-line games to five-line games with immersive video features and large bonuses. You can get up to 100 free spins depending on the sites you play at.
Bitcoin Dice
Bitcoin Dice, unlike the flashier bitcoin games available, is a relatively simple and ordinary-looking game. All you have to do is bet that a roll of the dice will result in a result that is either lower or higher than your predetermined point. If you guess correctly, you will win a reward based on the probability of the bet being successful.
Poker
There are several types of poker games to choose from, including Jacks Better, multi-hand variants and Texas Hold’em. The latter has been a favourite game for years, so it’s no surprise that it has quite a large online community.
Bitcoin Casino Bonuses
The online casino industry is very competitive and has its own set of rules. The website, games and licenses for casino operators are provided by aggregated companies. All they have to do is find a specific theme and brand, after which they can offer a series of bonuses.
When it comes to casino bonuses, there is no shortage of them. The bonus offers vary greatly from casino to casino. However, here are the frequent bonuses at Bitcoin casinos.
Welcome Bonuses
A welcome bonus is a bonus that almost all casinos offer. It is a benefit offered to new players who join the casino for the first time. It is a fantastic way for the casino to get off to a good start with their customers and express their gratitude. It’s also a great way for new players to try out different games and discover which ones they like best.
No Deposit Bonuses
No deposit bonuses are given to players who do not make a deposit. They are a bonus for simply signing up to a bitcoin gaming platform. However, since Bitcoin casinos may not want to risk too much money to players, this Bitcoin incentive is very rare. Usually, it is the new casinos that give these bonuses, in order to attract players.
Loyalty Programs
Loyalty programs, also known as VIP programs and loyalty clubs, or any combination of these words, are present in many of the best Bitcoin casinos.
These incentives encourage regular play by awarding players loyalty points for spinning the reels, playing cards or trying their luck at a game like roulette. These points can then be redeemed for prizes or cashback, and many of them have multiple ranks, with higher depositors receiving a higher rank and more prestigious rewards.
Free Spins
Free spin bonuses are a popular promotion for slot machines. Often the free spin bonus is included in a welcome package. When a new player signs up, a casino may offer a welcome bonus that includes a deposit bonus as well as 100 free spins for example.
Bitcoin Casino Wagering Requirements
Reward offers and promotions at Bitcoin casinos come with wagering requirements. Before you start, it’s important that you understand them.
You may be wondering what a wagering requirement is. In simple terms, a wagering requirement is a clause applied to any bonus or winnings that defines a minimum number of bets (or wagers) that you must place before you can withdraw your bonus or winnings.
For example, if you receive a bonus of C$200 with a wagering requirement of 35x, you will need to wager C$7000 before you can cash out your winnings or bonus.
In some Bitcoin casinos, not all games contribute equally to the wagering requirements. When playing slots and specialty games, for example, 100% of your wagering will be counted towards the requirements. Table games, video poker, blackjack, roulette and baccarat may have a lower percentage.
Finally, some games may also be exempt from the wagering requirements, so it is essential to read the terms and conditions before you start playing to avoid any surprises.
Check That the Site Works with Provably Fair
Most of the time, you can find the answer on the casino’s website. Choosing a site with a provably fair system or one that is audited by a third party guarantees you will play without manipulation.
Choose a Bitcoin Casino That Advocates Security
As many bitcoin casinos are based abroad, it can be difficult to determine which ones have adequate protection. Regulation, however, is beginning to change that. Players generally have some legal defence in regions that have rigorous background checks and approval procedures in place for bitcoin gambling licences. In addition, it is also important to ensure that the site is secured with SSL encryption, which ensures that your personal data is protected and your funds are safe.
Check the Payment Methods
You should make sure that the casino accepts the payment method you have chosen. Each casino has its own payment terms and conditions. This information is normally found in the FAQ tab of the casino, but it can also be found on the homepage or in the payment section.
Find What Bonuses Are Available
All casinos offer you a bonus on your first deposit, and some even offer you free cash or spins just for signing up and making a deposit. However, always read the terms and conditions of the bonus first, as the bigger the bonus, the stricter the terms and conditions.
Bitcoin Casino: Verdict
With the boom in Bitcoin casinos in recent times, it is clearly difficult to determine which casino might be worthwhile. Indeed, in this batch of thousands of Bitcoin casinos, many are not trustworthy and many may simply be scams or dishonest casinos. Currently, the best Bitcoin casinos available in Canada offer an excellent selection of games, interesting bonuses, responsive and efficient customer support.