The dynamic growth of Bitcoin and the online casino industry

Published on December 13, 2016 in Industry News

Bitcoin and online casinosThe crypto-currency Bitcoin was launched in 2008 and has grown to become one of the best alternatives to traditional currency systems. The benefits of using Bitcoins are many, one of the biggest benefits is that it’s not regulated by central banks. Because of this, the currency is decentralized as the price thereof is determined by the free market and not banks.

The simplicity of Bitcoin

Where traditional banking methods and older payment processors such as PayPal and Neteller slow down the movement of money from and to a player’s account, Bitcoin makes it easy and allows for efficient withdrawals and deposits. 

“Players pay fewer fees and endure less processing time when using Bitcoin Casinos than they do when playing at casinos offering only traditional payment methods.”

By using Bitcoin, players can easily play at online casinos in a variety of countries that otherwise would have been impossible due to online casino transaction restrictions.

Growing use of Bitcoin 

Bitcoin started out in new casinos, as major casino sites were under the impression it’s a fad that won’t last. The acceptance of Bitcoin in start-up casinos in 2012 worried casino players in the Bitcoin community. Hard work and dedication paid off and Bitcoin’s popularity grew. It finally became a legitimate currency system and larger and more established online casinos started accepting Bitcoin in withdrawals and deposits. With Bitcoin now available in major online casino sites such as Uptown Aces, Sloto’Cash, and more, its popularity continues to grow among online casino players.

Bitcoin and online casinos

Online casinos have been around for quite some time, over the last few years online gambling has managed to grow astronomically. More and more countries are moving towards a regulated online casino market and as they do so the market is exposed to more possibilities. Online casinos are slowly but surely growing to become some of the largest contributors to the annual gambling revenue. 

While Bitcoin has been around for almost 5 years the growth it experienced has been phenomenal. With online casino players becoming more tech savvy and constantly on the lookout for easier and faster ways to deposit, withdraw, and play, it’s almost certain that many are active Bitcoin users. 

Bitcoin Casinos could possibly become the biggest and most influential ‘players’ in the online casino industry. When combining the ongoing growth of online casinos and the growth of Bitcoin, online casinos using Bitcoin might ultimately rise to the top thanks to their high levels of trust and security.

Reasons to consider playing at Bitcoin Casinos

With many established and professional online casinos starting to accept Bitcoin, its reputation continues to grow. While traditional payment systems are still in use it might be just a matter of time before it’s completely replaced by Bitcoin. The alternative currency is a lot faster to use and instead of waiting weeks or a few days for a transaction to go through it happens in record time when using Bitcoin. 

Bitcoin takes the power from central banking and puts it in the hands of a self-regulated community. Similar to traditional online casinos, Bitcoin Casinos offer quality, top-notch security and service. These alternative casinos also offer you a wide variety of your favourite online games including online slots, table games, poker, and much more. Funds are withdrawn or deposited securely and instantaneously without losing a lot of extra cash to excessive transaction fees. The websites come with a user-friendly interface and impeccable designs, they also offer state of the art encryption and some of the best internet security technologies to provide a safe and secure online experience.

Switch to Bitcoin for the ultimate experience

In essence, the biggest difference between traditional online casinos and Bitcoin online casinos is the speed of transactions. With this in mind, the growth and possibilities of Bitcoin Casinos are limitless as players get to experience the best quality games, services and sites, as well as fast transactions and less transaction fees.