7 facts about Bitcoin casinos you need to know
Bitcoin casinos have seen a huge increase in popularity recently, with many people now looking for cool games to play. On such a website, just like on the vast majority of online casinos, great bonuses are offered. But what is unique about these crypto casinos is that they also accept payment with Bitcoin, making it easier for those who have crypto.
Bitcoin as gambling finance
Bitcoin is the world’s most popular and most valuable cryptocurrency. It has grown enormously since it was first launched in 2009. Now a Bitcoin is worth around NOK 195,000, but historically it has been worth even more. Those who have Bitcoin thus have some money they can spend, and many prefer to use it when gambling online. This is partly because they are protected by blockchain technology, which ensures that no one can cheat or lie about payments or deposits.
1. The very first crypto casino
Bitcoin as a cryptocurrency first appeared in January 2009, after a person under the pseudonym Satoshi Nakamoto launched it. No more than one year and nine months later, the first cryptocasino was launched. This was called SatoshiDice online casino, and they were able to accept their first Bitcoin gamblers in October 2010. Here, the very first bet was made on the soccer league K-League in South Korea.
It was no more than 0.2 Bitcoin, which at the time was worth 24 US dollars, and today a little more than 18,000. The casino still exists, but is not as popular. Part of the reason is that they do not accept any cryptocurrency other than Bitcoin as payment.
2. Crypto gamblers are more anonymous
Despite the fact that gambling is a common, and possibly incredibly exciting hobby, there are many people who want to remain anonymous on the various gambling sites. This can be for various reasons, including related to work, profit and income. When you gamble with cryptocurrency, you have precisely this opportunity, to be more anonymous. This is because online cryptocasinos are completely decentralized and unregulated, meaning that transactions are not linked to the player’s identity, and the site does not ask Bitcoin gamblers for personal information.
3. Lower fees
In connection with deposits and games, there are some gambling fees, which can be annoying for many. However, when you gamble with cryptocurrency, you can worry less about these. There are lower and fewer fees here as the casinos look for cryptocurrency with low transaction and exchange costs. Many Bitcoin casinos even offer fee-free transfers to your Bitcoin wallet.
4. More games for gambling
Games are obviously an incredibly important part of playing at online casinos, and when you gamble with cryptocurrency you actually have the opportunity to test out more games.
Many cryptocasinos will offer more variety in the game, and games from a variety of categories. Some crypto casinos offer both casino games and sports betting, and even crypto trading in some cases.
On average, you can check out between 300 and 500 different gaming experiences on such sites, and many games are completely unique to each individual platform.
5. Good customer service
Another big advantage of playing at crypto casinos is the good customer service. It is set up so that you can always contact the site if you have any questions regarding transactions, exchanges, bonuses and games.
The best Bitcoin casinos offer all of these and more, with some sites even having VIP communications with some of their most loyal customers and you can contact them on multiple digital platforms.
Bitcoin casinos are always digital and online, which means that both you and customer service can be logged in at all hours of the day. This is a great advantage, and a luxury you only get at the best casinos. This is one of many good reasons to check the casino you want to play at carefully, so you can make sure it is safe and can offer you the help you need.
6. New casinos
When you play online, you often find a casino that you like playing at the most. This allows you to get to know the site well, and play from the same user all the time. Nevertheless, it is always exciting to check out new sites, see which new games are available, and whether there are various bonuses elsewhere.
New crypto casinos are constantly being created, in fact as many as 150 casinos every year! The online casino industry is worth an enormous amount, and it is growing every year, and among these we find cryptocasinos, which are increasing in value.
There is a great demand for such pages, and that is the reason why many new pages are created every year.
7. Exciting bonuses
One reaction to the increase in the number of ideas that people can play on are bonuses. The already existing pages must ensure that they remain relevant, and new pages must be able to compete with those that already have many customers. They do this with the help of bonuses, which can be very fun and beneficial for you to use. There are many different bonuses out there, such as welcome bonuses.
You can find these at the vast majority of online casinos, and they can contain different types of bonuses. It is common for them to have free spins, which can be used when playing slot machines. In addition, you can get deposit bonuses, which increase your first bet by a set proportion.
Such bonuses make it a little more fun to get started, if it is more desirable to continue playing.
Conclusion
Cryptocurrency has been a hot topic since Bitcoin was launched in 2009, and it’s no wonder that many people want to use them to gamble. Right now, many people are keeping their eyes open for Bitcoin’s little brother, and changes are happening in the network. This can also be used to gamble with. Cryptocasinos help connect a variety of hobbies and interests, such as gaming technology, money, cryptocurrency, trends, sports, gambling and much, much more.
