Imagine you are on a game show and the host has just given you 48 hours to turn $20 into $40 or more. Several other contestants tried the stock market. Others are attempting to find quick turnaround business ideas.
But not you. You use a high reward strategy. That’s right. You head to the casino.
In 2020, the online gambling industry is invaluable $66.7 billion. And together with these huge numbers comes a trend happening in the online gambling industry that not many people speak about — betting with cryptocurrencies.
Could betting with crypto be the missing secret sauce from your online betting experience? Should online bitcoin casinos be the next stop on your gambling journey? Read on for some reasons we think crypto betting is the future of online gambling.
- You Have More Privacy
If you think money is a touchy subject as you stand around the water cooler at work, imagine how the federal government feels about tax-free money obtained through illegal means. Basically, it isn’t pretty.
In an effort to curb money laundering, lawmakers have filed Know Your Customer legislation. This means that if a business operates in the finance or finance-adjacent industry, they should make an effort to verify who their clients are. Thus, when you start gambling with money in the casino, you may be asked for private information such as your driver’s license, banking information, and even videos that show your face.
Now if it is your bank or your job that requests this sort of information, you most likely do not see a problem. But when all you are trying to do is load up poker rounds, giving up all that identifying information might feel like overkill. And that’s before you realize that a data breach or hack can reveal your personal details to identity thieves and bad actors.
Cryptocurrencies, and Bitcoin, particularly, are known for their use of blockchain technology. And because these transactions are anonymous, you can place bets without having to give up your privacy.
- Betting With Bitcoin Is Reliable
In 2021, Chick-Fil-A owns the entire system credit card processing disorder. And in a world where people are more and more cashless, you can imagine how inconvenient this must be for people who just want to buy lunch.
While we frequently think of credit card processors as the gold standard of reliability, that heavy reliance is starting to fade rapidly in the online gambling market. Also, even if the casinos you are looking at have had success using third-party processors to date, it is all too easy for a payment processor to wake up one day and say, “We don’t support gambling in this place anymore. .”.
With BTC Casino, a random third party shutting down the whole blockchain is not something that logically should keep you up at night. As long as you have the keys to your wallet, you can make sure that your payment will be received. Your ability to deposit and withdraw money could not be more reliable than that.
- Fast Deposits and Withdrawals
Everyone knows that the best things in life are often the ones worth waiting for. But if you are betting on the games tonight, delaying your deposit can cost you a fortune while you wait for your funds to disburse.
Or maybe it isn’t you. Maybe you made a bet, made quite a lot of money, and you want to see the money in your account before the rent is due. Either way, would not it be great if you could get lightning fast deposits and withdrawals from your casino?
With Bitcoin casino, deposits and withdrawals from your cryptocurrency wallet are practically instantaneous. There aren’t any two or three business day holds and no lengthy approval times that tie up your funds. In most cases, you can open an account and deposit money in minutes. And withdrawing your money can be done in about the same time.
- Conversion Can Be Done Easily
For many people, gambling with Bitcoin comes with a big caveat:
The math of it all can be crazy. So much so that depending on how much crypto you are dealing with, you may need to moonlight as a statistician to keep track of all those decimal places.
Now that Bitcoin Mania has gone mainstream, however, many cryptocurrency-based casinos became more intuitive and customer-friendly. As a result, your cryptocurrency can be converted to US dollars automatically. And with that number-based barrier, gambling with Bitcoin and other cryptos has never been easier for the average person, every day.
Want More Gambling Options? Try Betting With Cryptocurrencies!
Less than 10 years ago, if you told people who betting with cryptocurrencies was an inevitable trend, most people would call you crazy. But in 2021, gambling with crypto is not just a technological possibility – it is a practice that goes on 24/7 all over the world.
If you like speed, privacy and the ease of transferring Bitcoins then you’ll love the experience of gambling through crypto casinos. Whether you are attempting to find more variety in your game otherwise you want the option to cash in quickly, crypto betting puts you in the driver’s seat.
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