Betivity would like to explain to you the concept of the Bitcoin casinos and how they provide important advantages for all players. We’ll also dig into what you should expect whilst playing at one of our bitcoin online casinos. Not only will we talk about Bitcoins but also cryptocurrencies in general.
As you know or may not know, Bitcoin is a cryptocurrency (or digital currency). This came about some years ago and has gained great popularity lately. This digital currency comes with special encryption techniques that have helped regulate a number of units of bitcoin in the market. This means there is a maximum amount of bitcoins in existence. These techniques have also helped with the process of transferring funds from one wallet to another and also being able to work by itself and not depend on a central bank.
Online Casinos have taken notice of this and have created their own niche in the market tailored for bitcoin users and other cryptocurrencies.
Cryptocurrencies as a whole have great benefits such as extremely low fees for users and merchants alike, freedom in your payments, security and transparency. Giving casinos a great need to implement this currency into their cashier system.
When we talk about the actual benefits of using bitcoins at a casino, we can say they are pretty great. Let’s start with the fact that you can quickly deposit and withdrawal the amount you want. You won’t have to go through a long process with the cashier.
You also don’t have to send your documentation to verify your identity. There is no chance of a charge-back made by players.
Don’t expect to be paying banks any fees when you make a transaction. There is no contact whatsoever with any banks in the process, so no worries there.
Well, probably the main disadvantage right now is that it’s still not fully understood by the general public. Slowly but surely it will continue to increase for the world population but it is not yet universal. Not all merchants are accepting it yet as a form of payment. So in the online casino world, not all brands are accepting this. They also may not have the software infrastructure to work with this digital currency. But I can assure that it will be a must for every single casino to offer it for their players, not only bitcoins but for every other digital currency out there.
Expect your transactions to be almost instant. Expect a time frame of a maximum of 20 minutes just to play it safe. All you need is to create a wallet and buy any amount of bitcoin. Afterwards, make the transaction at the online bitcoin casino of your choosing.
Expect not to be hassled with information about your identity, as there is no need to give away any documentation.
Expect small minimum bets whilst playing as you can bet any small decimal amount of the currency as you want.
Receive a 50% redeposit bonus up to 1000 euros.
15% re-deposit bonus every time!
One of the top Bitcoin accepting casinos.
Receive a 15% Cashback at end of each month.
Receive a 100% bonus of up to €100.
January 1, 2018
We know that picking and choosing payment methods are sometimes a hassle. They are a hassle because you have to read tons of information, but don’t really find out all the critical details. Bitcoin has come alive in 2017 and will be much more prominent in 2018, so more online casinos will be accepting this […]
December 27, 2017
You know we have been focusing some of our content on gamification. So we wanted to tackle a topic that has been on our radars for some time. We are talking about avatar casinos. What are they? Where do they come from? Do all online casinos provide avatars? All these topics and more will be […]