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Should Bitcoin Be Used To Play Casino Games?

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Since its release in 2009, bitcoin has grown in popularity around the globe. In the early years, the cryptocurrency had very few investors, today, it has around 30 million. Even though its security is still questionable, investors continue to take the plunge. Demand for bitcoin continues to soar, forcing e-commerce businesses and vendors to rethink their decision to exclude it from their payment options. Still, only a handful of companies are accepting bitcoin payments. Microsoft, Newegg, Overstock, Namecheap, Etsy, and Shopify are just to name a few bitcoin retailers. 

Despite its growing demand, experts warn of potential price volatility that may put bitcoin investors at greater risk than ever before. As the bitcoin price continues to climb, it is becoming more apparent that no one is heeding the experts’ warnings. 

Why Are Online Casino Patrons Turning To Bitcoin?

You have come a long way in making the decision to continue or stop trading bitcoin. Most investors know the bitcoin market is riddled with potential risks. They also know it is possible to minimize these risks by going through secure channels, in this case, licensed brokers. With your bitcoin wallet in hand, you can turn your attention to online gaming. 

Some of the top virtual 먹튀검증 casinos are accepting bitcoin as payment. Before you dive in head first, you should ask yourself, is this a good idea. Believe it or not, a few players began utilizing bitcoin as a form of payment as soon as the top online casinos made the announcement. Is there a risk of utilizing bitcoin to play casino games? Of course, it is risky, which payment method is risk-free? 

The following reasons are why casino patrons are turning to bitcoin as their go-to payment method.

Lower Fees – When compared to other payment processing methods, Bitcoin Cash (BCH) charges about $0.001 per transaction. Credit card companies impose processing fees ranging between 1.5 and 2.9 percent per transaction. And, this is not to mention, the fees continue to gradually increase daily.

Why are credit card companies continuously increasing their processing fees? Credit card processing fees are determined by the level of fraud risk, the number of transactions, and the percentage of chargebacks. You may pay the 1.5 percent fee today, go to bed, wake up, and be charged the 2.9 percent fee tomorrow. 

What it boils down to is BCH fees are significantly lower than most credit card processing fees, resulting in big savings. 

Anonymity – As a consumer, you have the rights. Consumers have the right to keep their everyday transactions private. Unfortunately, consumers’ rights are violated daily by big corporations, governments, and hackers. Keeping a low profile when shopping online is impossible. 

First, your consumer rights are violated by e-commerce vendors. When you access an e-commerce site, a software program begins to track your every movement. The data collected by online retailers is sold to big corporations, government establishments, and/or research firms. 

Thanks to bitcoin, consumers can play casino games out of the eye of Big Brother. Bitcoin is a crytpocurrency that is non-traceable. Play slots, blackjack, baccarat, poker, and roulette without Big Brother interference.