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All of us who play online casinos, normally use cards, Paypal (or any online mode), or even cash to make payments. But in recent times, bitcoin casinos are gaining popularity. Alternatively known as crypto casinos, they are no different than the usual ones. It is the unique payment system that makes it more accessible in current times, vis-a-vis others.
In this post, we will provide you an insight into – the reasons for its sudden surge in popularity, the range of benefits that it offers, and as an aware online player what you need to look at before making the payment.
Why are online casinos becoming so popular?
There are multiple reasons why Bet Panda Bitcoin Casino and the likes are becoming so popular. Apart from the fact that they offer huge promotional bonuses and benefits, these varieties of casinos unlike their traditional alternatives are anonymous (thanks to the decentralized format of Bitcoin) and have minimal transaction fees.
The other factors that make them an immediate pick are –
- Most of these are licensed and have massive security coverage
- They are accessible worldwide, making the payment format easier
So, whether you are a newbie who has just been introduced to the world of Bitcoin casinos or an experienced player with a set of strategies to win big – rest assured, this online gaming format is quickly becoming the one to pick.
What are the advantages of choosing this over traditional modes?
You have seen for yourself the reasons why this casino gameplay is gaining popularity. But what about the critical set of advantages that it has over the traditional format? How has it been able to push back the roaring demand for online casino games? In this section, we will look into that aspect with clarity –
- This offers complete privacy
To start with, the Bitcoin casino offers a complete privacy blanket with no third-party associates being able to interfere with the game. Unlike in the case of online payment modes, cards, or cash – the Bitcoin format does not ask for any personal information of the player and primarily works on either pseudonyms or the gaming ID. Hence, the whole prospect of identity theft is non-existent. –
- The transactions are faster and easier
Compared to the traditional or usual transaction process, crypto transactions are faster and have a negligible waiting period. As you are aware, cryptocurrency is decentralized and requires no immediate intermediary to validate the monetary proceedings. Hence, both the waiting period and the withdrawal period are significantly quicker, and therefore the monetary payment gets done faster and in a less complicated manner.
What’s more important is that, compared to cards/cash format, crypto payments rarely get stuck in the payment process.
- Security is the key factor in this case
With too many myths in the market, every time someone hears Bitcoin or crypto-backed casino, they are a little concerned about the security levels. Let us assure you specifically, that when any online casino incorporates the Bitcoin payment format then they follow certain cryptographic protocols. Additionally, thanks to the fact that crypto functions in a decentralized format, the risks associated with centralized data breaches are reduced significantly.
- Offers a wide variety of games
For those of you who think that these crypto-based casino games would reduce the variety of online games or will only offer a handful of slot games, let us assure you that such is not the case. Quite like the traditional casino format, this also offers a range of games from – Sizzling Hot Deluxe to Buffalo Torro, to Bounty Hunters, Sweet Bonanza, Blackjack, Monopoly and Baccarat – you will be left spoilt for choice.
- Compatibility with every mobile device
There have been multiple reports about how online casino games, especially slot games have not been found compatible with mobile devices. They are rather best suited for desktops or laptops. Contrary to that, and in a bid to expand the outreach – the Bitcoin-based games are perfectly aligned with the mobile devices and are available globally online. This improves the rate of game downloads and encourages more and more players to be a part of it.
- You can easily deposit or withdraw the amounts
The last and definitely the biggest benefit of it all is – easy deposit and withdrawal of amounts all thanks to the Bitcoin facility. Unlike the traditional formats, these crypto-backed casinos makes both deposit and withdrawal, globally accessible and available at just a click.
These are a host of key benefits that have been ensuring this shift from traditional games to Bitcoin-based ones.
What to check before paying?
Before you go ahead and opt for the Bitcoin payment format for your online casino slot, here are a couple of factors you must check before choosing this mode –
Factor 1 – Always make it a point to set personal limits on time and money invested when going in for crypto payment. This ensures that your money will remain protected.
Factor 2 – Stay informed about the game’s strategies and the basic rules and regulations. These help you in providing a basic idea about the game, and help you set your targets (financially and otherwise). Additionally, it improves your gaming plans, the better your strategies, the higher you win.
Factor 3 – The last crucial factor to note is that – under no circumstances you must divulge your financial details. Let us assure you that no online crypto slot service provider asks for your monetary specifics. Hence, if you see someone asking for it, know for a fact that it is a fraudulent provider.
If you are able to keep these 3 things in mind, you will surely be able to get the ideal service provider.
Conclusive thoughts
Traditional online casino modes of payment have their own share of positives. But in today’s times, with Bitcoin gaining prominence, there is no doubt that this online game format will have more takers in the future. Having said that, if you are one of those who are just getting into this domain, make it a point to check the specifics before you go all in. The better aware you are, the more beneficial it is for you.
