In recent years, crypto casinos have been all the rage. Cryptocurrency is not just a trend but is here to stay, and maybe that will kill the euro, dollar and all the other FIAT money.
Many believe that cryptocurrency is the answer to the much-needed change in the global economy. Look for the very best bitcoin video casino!
The Benefits of Betting at Bitcoin Casinos
At first glance, a bitcoin casino or a gambling site where you can deposit with bitcoin looks pretty standard. Guess what? They are.
Most online casinos use a platform provided by a software company. The difference is that you can only gamble with crypto at a bitcoin casino or are given a choice to play with either FIAT or cryptocurrency.
Payouts? As fast as light in your wallet
Ask any average online gambler what they find annoying about online gambling, and the answer will undoubtedly be payouts. Opening an account is quick and easy; depositing money is even more accessible, but getting a payout… Unfortunately, this is where the problems often begin.
A particular country often licenses online gambling sites. Such a licence has specific conditions. For example, if Curacao gaming licenses an online casino, up to 2300 euros may be transferred without verification.
If the gambling site is licensed by the Maltese Gaming Authority or by the United Kingdom, players must confirm their identity and address at the time of the first payment. This is done by sending a (protected) copy of your driving licence, id or passport and a copy of your energy or phone bill.
After confirming your identity, the payment can be processed. Depending on your chosen payment method, this will take between 1 and 5 working days.
Now for the fun part:
Bitcoin gambling sites don’t need to know who you are. You don’t have to give and confirm your identity and address. Yep, this is great when it comes to privacy.
That’s why withdrawals are sent to your wallet super fast. No transaction fees, no waiting for payment providers to process your payout. Request a payout and receive it immediately.
It doesn’t get any better than this.
