Bitcoin casinos are here to stay. They have gained a lot of momentum over the years due to the seamless gaming experience, great game selection, higher bonuses and attractive free spins that keep players invested. It is no wonder that many BTC casino companies emerge from all over the world to cater to different players globally.
Best Bitcoin Casino USA
Bitcoin casinos are all the rage in the world of online gambling. Due to many legal restrictions, many players prefer Bitcoin casinos to conventional casinos. Why? Bitcoin casinos are said to be safer, faster and more manageable. In this article we will discover the pros and cons of Bitcoin casinos, their games, the list of the best Bitcoin casinos and much more.
Over the last decade, the Bitcoin cryptocurrency has transformed hundreds of billions in market value. It has gone from being a novelty among technogeeks to becoming an alternative to fiat money and could change the concept of money itself in the future. The online gambling sector has taken the “bull by the horns” and is experiencing a much faster acceptance than other sectors. Like cryptocurrencies, online casino gaming has become a global industry with a multi-billion dollar valuation in just a few years. Many experts confirm that the online casino industry is the perfect testing ground for the Bitcoin cryptocurrency and other cryptocurrencies as a strictly digital marketplace that includes regular financial transactions.
A crypto/gambling alliance may seem relatively rational as the two have a lot in common. Why? Well I was easy, Bitcoin investment is like gambling. Today you can win, but tomorrow you can lose everything. And as such, this appeals to gamblers and other risk lovers by nature. As the saying goes: he who does not risk, does not owe the champagne. However, playing in a Bitcoin casino has some significant advantages over playing in a conventional online casino that only accepts fiat money.
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Advantages of Bitcoin Casinos
Bitcoin casinos are all the rage because they are safe, secure and have a wide variety of Bitcoin games to try. Here are some of the advantages of Bitcoin casinos
The fundamental advantage of Bitcoin gaming is the high degree of privacy that helps online players maintain secrecy. There are “top secret” currencies such as Monero, one of the favorite currencies of online casinos, while those who rely on Bitcoin may feel frustrated (we know that BTC transactions are not 100% untraceable). Bitcoin casino players using XMR can rest assured that their data will not be accessed by any third party and they will know their winnings and losses.
Transparency and verifiable fair play
The very existence of the blockchain means that the game is provably fair. Every user can verify whether the outcome of the games has been decided by random numbers, or whether the Bitcoin casino or other players have manipulated it. Just enter the bet ID number and some other information on the website to get an instant, unbiased check on every bet placed on the games and see if it is right. (It is also possible if you use a regular online casino. But in Bitcoin casinos, the procedure takes much more time and usually includes hiring a third-party testing lab).
Therefore, you can be sure that they have provably fair games and that the Bitcoin casino does not regulate the outcome of your bets. It is also good for the house. The higher their prestige, the more people are interested in the game. Conversely, any controversy related to unfair games is ruinous for the Bitcoin casino. When money is at stake, everyone seems to be too suspicious. And it is understandable since several cases of cheating have already been recorded.
By logic, any online casino is a corporation that seeks to get money from its customers. Online casinos do not cheat, despite what many people believe. On the contrary, for any wager a player places on the games, the online casino has a built-in guaranteed profit for deposits as low as 1 mBTC, and an added number of spins. It’s called House Edge or Casino Profit. In the long run, this trick ensures that the house keeps winning and makes the online gambling business profitable.
The proportion of the house edge depends on the proven fair games played. In Bitcoin casinos the daily percentage can vary from 1 to 15%. The lowest level of house advantage offered by Bitcoin casinos, ranging from 0.5 to 3%, comes with multiple free spins, even with a deposit of 1 mBTC. Usually, with proof given, it is freely seen on the Bitcoin casino website. Therefore, you already know what your odds of winning on your favorite games are.
Few or no legal restrictions
Online gambling is still not allowed in many countries or is completely banned. This means that your bank may refuse to make transactions to and from online casinos (for US players they will not be approved by American financial institutions).
In this case, the best option is an online casino based that accepts cryptocurrencies as a form of payment. Government authorities cannot prohibit accepting deposits and payments in Bitcoins and other digital currencies, and there are no legal ramifications for them to do so. Your deposits are not made by a third party, which means you don’t have to connect your credit card to your player account and pay your bank transaction fees. As for fees, relative to what a bank might charge you, they are very low. In many countries they do not recognize cryptocurrency as real money, and therefore it is not taxed. Excellent news, perhaps for you.
Disadvantages of Bitcoin Casinos
Not everyone appreciates the USA Bitcoin casino experience for some provably fair reasons. Here are some of the disadvantages of Bitcoin casinos.
The value of a unit can take a positive or negative function in a matter of hours. The Bitcoin casino experience is can be lucrative for the moment, but what happens after a few days when the cryptocurrency market has crashed? Their value will start to drop at a rapid rate, so be aware and know when it’s time to withdraw your winnings and exchange them for real money.
It still works on the Internet
Bitcoin casino runs on the public ledger. For a considerable number of reasons, anything that works online can collapse at any time, no matter how small or significant. Yes, most of each player’s funds are deposited in a cold, secure storage, but what about the amount that is still in the “ether”? It could disappear at any time, and chances are you won’t get a refund, even a partial one.
A little insecure
This problem applies to all online casinos, not just those with Bitcoin. Most online gambling sites don’t want to “trouble” over things with the governments of countries, where they are not licensed or regulated. Therefore, they prefer to focus their operations in certain countries and regions where they can operate.Thus, if something goes wrong, there is no guarantee of getting your money back as the legal system does not cover you at all if the online casino you play at is not located in your home country.
Minimum wage requirements
We’ve talked before about the incentives and offers that go along with using Bitcoin to deposit. The downside of these huge amounts of money is that a customer will be required to meet the stipulation of the required salary to be eligible to withdraw the winnings acquired from playing with such a bonus.
Fair play is not always guaranteed
Perhaps the most crucial drawback of Bitcoin casino gaming is that, even if the casino itself is fully authorized to operate and sell its services to potential players from all over the world, the games may not always be “provably fair.”
Myths about Bitcoin gambling
There are several myths associated with Bitcoin gambling. It should be known that although myths are works of fiction, they have no power unless they possess some shred of truth.The misconceptions surrounding a BTC casino tend to find their basis in real life situations. This brings about confusion for those who are not vast or experienced to understand and differentiate myths from the truth.
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Typical myths about Bitcoin casino
This is one of the most common myths associated with Bitcoin casino. This is a major misconception, as Bitcoin is not completely anonymous. Blockchain transactions are encrypted with public key cryptography. This hides the real identities of the individuals behind the transactions. It is always advised to check the terms and conditions of the Bitcoin casino. For casinos, it is vital to verify your identity. Even if your name is not linked to the btc address, the fact that you possess a Bitcoin address means that it can be easily traced back to you. When it comes to gambling, casinos find it of utmost importance to know their customers. This is where the know your customer legislation comes into play.
Lack of Bitcoin online gambling traffic
This is another major myth associated with Bitcoin gambling. Studies have shown that Bitcoin gambling has generated a huge amount of global traffic worldwide over the past few years. It will be shocking for you to see the number of people using Bitcoin in the world today. Overall, the price and usage of Bitcoin have increased today. This brings with it a significant opportunity to quickly earn more profits and income that you had no idea about. Major Bitcoin gambling platforms have gained a considerable amount of popularity today through promotions. It is easy to use bitcoins to venture into new areas and broaden your horizons. Bitcoin is the best solution as a source of gambling payment when other payment options are exhausted or limited.
The Bitcoin cryptocurrency was launched in 2009 as a decentralized virtual currency. This means that it is not supervised, authorized and regulated by a single administrator, as in a bank. For example, when a bank is hacked, it involves going through a single system to quickly access its significant networks, allowing damage to be inflicted. In contrast, Bitcoin is not easy to hack. This is largely attributed to blockchain technology, which supports it. Now everyone who uses Bitcoin belongs to a part of the system. To easily access or hack the network, it will be necessary to simultaneously control a high percentage of people in the entire network. This is impossible because it is not easy to identify many people in the whole system. Moreover, hacking all of them at the same time is not possible. Hacking the btc casino network is highly unlikely.
Small gains due to Bitcoin price fluctuation
The idea of earning less due to Bitcoin price reduction depends on how you look at it. Now, the price of Bitcoin tends to fluctuate from time to time. Bitcoin’s fiat value has a tendency to be unstable and will most likely go up or down as you play. However, you will receive the same amount of Bitcoin that you withdraw from your account, no more and no less. Never think or assume that the amount of Bitcoin rank of the games you play will decrease due to the decrease or increase of the Bitcoin price. This irregularity will not affect you as Bitcoin withdrawal is easily done at a fast pace.
Fewer advantages of using it as a form of payment
The opposite is true in this regard. Most people tend to believe this; however, there are numerous advantages to using Bitcoin. One of the most significant benefits of betting with BTC is the speed of depositing and withdrawing from your online sportsbook. This is as a result of the absence of a third party during a transaction. This means that you can make your purchase quickly. Bitcoin gives you absolute control over your money. This is basically because Bitcoin is digital money. A btc visa debit card has a significant advantage over regular debit cards. It gives you the facility to withdraw your money at lightning speed in a few minutes compared to withdrawing the card from your casino account, which takes longer.
Bitcoin gambling is fraud
This is one of the most common and significant misconceptions among people. Most people see gambling with Bitcoin as a fraud and a means to lose all their money. We all know that there is something about putting your hard-earned money into even the best casino USA, which seems risky. The best way to get the best out of Bitcoin gambling is to go to one of the best Bitcoin casinos near you. There are now numerous live casinos out there that are sure to give you your money’s worth without the fear of being scammed. You can also make sure that you do not fall prey to a scam by always taking note to check and thoroughly review the terms and conditions. This is to avoid hidden threats that can resurface later, and the result is trouble and loss of funds. Make sure to go for Bitcoin casinos that are well recognized by people and have earned quality reviews, which speaks well of their performance.
In conclusion, these are the most common myths and misconceptions that discourage and mislead first-time and regular players about Bitcoin gambling. With explicit knowledge and careful explanation of the absence of truth in this myth, you can easily disregard and pay no attention to them. Most of these myths, in some cases, are very likely to possess little or no truth in them. Therefore, in order to instill fear, they are usually greatly exaggerated.
Bitcoin (BTC) casinos are here to stay. They have gained a lot of momentum over the years due to the seamless gaming experience, great game selection, higher bonuses and attractive free spins that keep players invested. It is no wonder that many BTC casino companies emerge from all over the world to cater to different players globally. This is because as BTC grows and becomes more well-known around the world, so do gambling companies adopt the cryptocurrency into their platforms. So, if you haven’t jumped on the Bitcoin bandwagon yet, you’re missing out on action! Get on board and try this unique gambling experience and earn amazing bonuses with as little as 1mBTC at one of recommended bitcoin casino from our list ↑