How Bitcoin gambling started
In 2006, the US government banned online gambling, which made a horrific impact on the online gambling industry. Many countries in the world also joined this trend of banning online gambling, which led to millions of players becoming unable to play online betting games of any sort using their credit cards both inland and abroad. As the blockchain technology assured the cryptocurrency era and Bitcoin became more popular, people began to realize its potential as an anonymous, untraceable, and most importantly legal betting resource.
Why Bitcoin gambling became so popular
Since its inception, Bitcoin value scaled, and as any scalable asset woke the interest of general public. As the people became better acquainted with the benefits of Bitcoin gambling, the word of its potential spread across the globe like wildfire. Bitcoin gambling allows you to place bets from all over the world, anywhere in the world. It’s secure, anonymous, and there are no hidden expenses, conversion, and bank transfer fees, and the transfers are much faster than any other money transfer option.
What are the advantages of bitcoin gambling
The main advantage that Bitcoin holds over other regular casinos is that the famous cryptocurrency is not government regulated, its value doesn’t depend on any law in any country. It allows players to play their favorite casino games even if they are citizens of a country that prohibits online betting. Any transaction, be it deposit or withdrawal, is almost instantaneous and holds no additional fees.
How to choose the right casino for btc gambling
The online community is versatile, there are plenty of opportunities to learn, have fun, profit, but also to fall victim of a scam. The best way to look for a casino you can trust is to browse through reviews, converse with skilled players, analyze casinos for provably fair games. Untrusty casinos often don’t last very long. Per example, one of the most trusty btc casinos is FortuneJack which started operating in 2013.
What else you should know about bitcoin casinos
Btc casinos operate in the same way as regular casinos when it comes to choice of games and overall gaming experience. Most bitcoin casinos provide rich promotional packages, but also accept more than one cryptocurrency. Respectful btc casinos will never ask any unnecessary private information like bank information, which means your gaming experience is secure and private.
As we can see, there is a wide array of benefits that players can enjoy with bitcoin casinos. It’s a faster, safer, more reliable option to enjoy the old games in a new way.