The Rise of Bitcoin Casinos – Why Are They So Popular?
Bitcoin casinos have only been around for a short while, but there’s no doubt that they’re here to stay. In 2020 alone the traffic of crypto casinos has tripled, and while they aren’t quite mainstream yet, there’s a good chance that they’re going to be very soon.Since Bitcoin is the most popular crypto, it makes sense that the majority of crypto casinos out there are Bitcoin-based – and if you’re looking to get started, they could be the best choice. With this in mind, let’s go through some of the key reasons why Bitcoin casinos have been gaining popularity over the last few years and how you could benefit from them.
5 Reasons Why Bitcoin Casinos Are so Popular
While there are many things that you could attribute to the success of these types of casinos, we wanted to quickly go through a few of the most important ones. This way, you’ll have a better idea of why they are quickly starting to become the new norm for online gambling.
1. The rapid growth of Bitcoin
Of course, the popularity of the cryptocurrency itself is a major asset to the success of these casinos. With the fact that Bitcoin has seen exceptional growth for a while now, having peaked at around $50,000 earlier this year, it’s not hard to see that the currency is still going strong. This only makes it even more appealing to investors, which then helps it to grow even further.
2.Everybody knows of Bitcoin
Leading on from the point above, it’s also important to consider how the population’s opinion of Bitcoin has evolved since it was first introduced in 2009. While it was once a more controversial asset that not many people understood, most individuals these days are interested in investment and its potential.
3. There are no geographical restrictions to stand in your way
A problem with online gambling that you may be familiar with is being restricted from signing up or taking out your winnings due to geographical restrictions. A very appealing factor of bitcoin casinos is that, since they’re not regulated by the government, they don’t have to adhere to the same limitations.
4. Crypto casinos offer excellent bonuses
Part of the fun of signing up for a new online casino is the bonuses that you can get, as well as offers to entice you to come back. If this is a feature you like, you’re going to be impressed when you decide to play at a Bitcoin casino. In most cases, you’ll find that the bonuses and promotional offers are incredible – and this will certainly keep you entertained and help you to make the most of your hobby.
5. They offer a high level of safety and security
When going about your business online, there’s nothing better than knowing that your information is secure. Crypto casinos are typically considered to be safer than normal online casinos and player’s identities are anonymous – which is something you just can’t get anywhere else. Bitcoin casinos don’t track your activities, so you can often make any transactions you wish without any issue.
Is It Worth Signing up to a Bitcoin Casino?
While we’ve just listed some of the benefits that can come with gambling at a Bitcoin casino, you might still be wondering if it’s the right choice for you. The truth is that it can be a better option over regular online gambling in a variety of ways, so if you already enjoy using online casinos, you shouldn’t have an issue with making the move to crypto-based services.As an example, gambling online with fiat currencies can be quite limiting in some ways. Due to the fact that cryptocurrencies aren’t quite considered to be real money by most countries, their usage isn’t particularly regulated – therefore there isn’t anything to stop people from gambling online with them as they wish.This is just one way that Bitcoin casinos outshine regular ones, so if you’re looking for a way to improve your gambling experience or a fun way to potentially win some digital coins, they could most certainly be worthwhile.
How can you get involved?
In some parts of the world, online casinos are becoming more popular among gamblers than physical ones – and you could certainly take advantage of this with all the benefits that cryptocurrencies have to offer. To help you get started, here’s a quick and straightforward beginners’ guide.
How can you get Bitcoins?
First of all, do you already have any digital coins? A Bitcoin wallet? An exchange? If not, you’re going to need to start looking. There are a variety of Bitcoin exchanges, where you can trade your regular cash for Bitcoin online or through a mobile app.Since an exchange may not allow you to transfer your new Bitcoins directly to a casino, you’ll need to have a Bitcoin wallet to store them in. Luckily, there are plenty of these, too. Simply find out which one is best suited to you, make an account, and store your coins. Setting up can seem quite complex, especially for those who aren’t used to cryptocurrency. However, once it’s all done and you’re ready to start gambling with your digital coins, you’ll find that it‘s well worth it.
How to Choose a Bitcoin Casino
With a lot of great Bitcoin casinos to choose from, you may be wondering how you can pick out the best ones. Generally, much like with ordinary casinos, it’s a simple enough process of taking a look at what’s on offer and deciding which one is best suited to your tastes. Consider:
What types of games you enjoy
The promotional offers
The casino’s reputation
If they have good customer service
Easy to use site interface
A fast and effective way to see what’s on offer is to search for popular Bitcoin casinos. There are quite a few, but this will help you to filter through the many different choices online and pick out the best of the best. Just remember what you’re looking for and it shouldn’t be too difficult to get started.