If you are an ardent internet user, it is nearly impossible not to have heard of Bitcoin or crypto and other related terms. You might have even come across an online casino that claims to accept Bitcoin.
As a result, you might be wondering, what is the fuss about? What is wrong with placing bets using traditional currencies?
Nothing is wrong with betting online with your fiat currency. But, betting online with Bitcoin comes with many attractive benefits that you should not miss out on.
So, what are the reasons you should start betting online with Bitcoin? Keep reading to find out.
Faster Deposits and Withdrawals
When you choose to bet with Bitcoin, one thing you will enjoy is speed. The process is usually straightforward as long as your cryptocurrency wallet has funds. All you need is to transfer the amount you want to use to the address provided by the casino when you want to deposit using Bitcoin.
Then, they confirm the transfer, and after that, they credit your account instantly.
Withdrawals with Bitcoin are also faster. For instance, when you withdraw with a bank transfer, it can take at least three business days before it gets to your bank. However, if you decide to use Bitcoin, you will receive your funds within 48 hours.
Improved Bonuses
Nowadays, many Bitcoin Casinos feature better and improved bonuses once a player decides to use bitcoin as their currency. These bonuses come in different forms that make your gambling experience more fun.
In some cases, you can get a bonus offer such as a 100 percent deposit bonus of up to 2BTC, making it more extensive than the usual bonuses for traditional currencies since 2BTC is worth around $100,000.
Security and Reliability
With traditional currencies, you need to ensure that the casino is secured so your payment information does not fall into the wrong hands. However, with Bitcoin, the system it relies upon is reliable, meaning that you only need to worry about not giving your Bitcoin to scammers.
Also, you do not need to divulge any financial detail before you can deposit or withdraw. All you need to provide is your wallet address. You also do not need to worry about failed transactions that can lead to wasted time or even loss of money.
Privacy
If you want to place bets anonymously, you can do that with crypto. Fortunately, most Bitcoin casinos allow you to deposit, place bets, and withdraw without showing your identity.
That way, since all you need to get started is your wallet address, you can protect your identity while enjoying your hobby.
Also read: Cryptocurrency 101: A beginners guide to Crypto
Higher Limits
Many casinos and sports betting sites have deposit and withdrawal limits. When you use traditional currencies, the limits are low compared to bitcoin limits.
A casino can have a maximum withdrawal limit of $2,000 weekly, meaning you can only withdraw the following week again once you reach that limit. With Bitcoin, the withdrawal limit can be as high as 2BTC, which is about $100,000. That way, if you win big, you can claim your wins without any hassle and quickly.
Final Thoughts
Betting online with Bitcoin is sure to make your gambling experience even better. You do not need elaborate software to deposit or withdraw. In addition to that, you don't have to risk your financial information leaking to third parties that can cause you harm. You only need your Bitcoin wallet and address, and you are good to go.
As you can see, using bitcoin to place bets online is pretty sweet, and you can even increase your bitcoin value if you are lucky. That way, as the value of bitcoin rises, your payout also increases. Even if when falls, your wins can act as a cushion so that you don't lose much.
No need to wait any further; start placing your bets with Bitcoin today!
