Anyone looking to join a casino they have not played in before may have noticed that if you deposit Bitcoin rather than cash, you are likely to be given a larger welcome bonus, which can be up to 5 times the amount given to a cash player.
You may be wondering why this is and could be considering opening your own cryptocurrency wallet to take advantage of the extra bonuses given to Bitcoin and other cryptocurrency players.
It's Down To Blockchain Technology
Bitcoin uses blockchain technology, which was developed specifically to facilitate its use. This means it's decentralized and is not owned by a bank or other financial institution. Transactions carried out using blockchain are peer to peer, with no middlemen in between. They are secure transactions that happen very quickly compared to more traditional methods. The possibility of someone hacking the blockchain is nil, making your coins safer than in a bank.
It's Cheaper For Casinos
If a cash player makes a deposit into their account, it shows instantly. However, it does not reach the casino instantly. They can wait days for the money to land in their bank account, and there are some financial institutions that only pass the money on once a month. They then charge a fee for what they will tell you is a fantastic service. With fees and fraudulent cards being used, it is estimated the casino only receives $80 of every $100 deposited.
When a player deposits Bitcoin into their account, the most the casino has to wait is a few minutes, and there is no one to take any fees. As a debit or credit card is not being used, it also does away with stolen cards being used.
These two things alone mean the casino gets a higher percentage of each deposit, so they can afford to pass some of their savings on to players and will give bigger bonuses to encourage people to use cryptocurrencies. Bitcoin is the one most casinos accept, but this link here will show you it's far from being the only one. Litecoin, Monero, Dash, and Ethereum also have the same savings and are often accepted by online casinos.
No Restrictions On Games You Can Play
It doesn't matter that you are depositing Bitcoin; you can still play all the games in the casino. You are not restricted or barred from any games because of your chosen method of payment. It has become so popular that even some of the largest online casinos now accept cryptocurrencies, and if they did not let you play all the games because of your method of deposit, they would soon start to lose customers.
If you want to play roulette, blackjack, slots, or any other casino game, they are all available in legitimate online casinos. When you win, you have the choice of withdrawing your winnings in Bitcoin or cash. Of course, there is always the option of leaving it in your account to enjoy more hours of fun.
