Blockchain Casinos vs Regular Online Gambling Sites
Blockchain technology is something we have been hearing a lot about in recent years and one that doesn’t look to be going away any time soon. In this post, we are looking at whether blockchain casinos are better than regular online gambling sites and how you can gamble with bitcoin and other cryptocurrencies.
Blockchain has a number of advantages including security, anonymity, cost saving, and faster transactions and below we look at why blockchain casinos where you can deposit via bitcoin might be a better choice for online casino fans. There are several highly recommended sites to choose from including Bodog, Bitstarz, FortuneJack, 7 Spins, and Bovada. Players can deposit and start playing real money casino games such as keno, bingo, live roulette and blackjack, video slots, poker, and more.
Blockchain Casino Advantages
There are a number of advantages to choosing blockchain casinos and these include:
- Transparency: Most online casinos hide information from their users. This includes winnings. They also use hidden tricks to make sure the house has better odds. Blockchain casinos stop the use of these tricks and ensure transparency. They ensure that all odds are visible to customers and they offer a fair play platform. Some blockchain casinos have a 0% house edge for casino games. This is possible because these casinos earn from the value of the coin users purchase and spend on their platform rather than making money from gambling losses.
- Safe and Secure Information: With normal online casinos, players must provide their personal information including debit and credit card details and this information is not always 100% safe. Blockchain casinos have eliminated this problem and all user information stays safe. In the majority of cases, users make a deposit to a designated address and then start playing casino games. There is no form filling either or logging in in play every time.
- Cost Savings: A lot of online casinos have costs associated with deposits and withdrawals and players have to pay these in order to play casino games. With Blockchain casinos, the transaction costs are extremely low, or they don’t exist.
- Accessibility: Blockchain casinos use cryptocurrencies. These are digital currency forms that can be used anywhere in the world. This is a big advantage for places where gambling is prohibited or where there are no trustworthy casinos to play at. Blockchain casinos allow customers to have fun without resorting to illegal sites.
How to Gamble with Bitcoin and Other Cryptocurrencies
If you are a fan of bitcoin and cryptocurrencies and want to enjoy online gambling too, there is plenty of choices available. With cryptocurrencies like Bitcoin, Ethereum, and other altcoins, you can play at any Blockchain casino around the world. There are plenty of benefits to using cryptocurrencies for online gambling including the fact that it is cheaper, you get to remain anonymous, deposits and withdrawals are super-fast, and it’s completely legal. It’s important to understand the way Blockchain will impact gambling, how bitcoin casinos work and the types of casino bonuses you will find. Casino bonuses are what entice new players and they are a standard feature at regular online casinos with no deposit and free spins offer being sought after by players. The good news is that there are bitcoin and cryptocurrency casino bonuses available too and these are often larger than regular casino bonuses too.
Gambling with bitcoin or other cryptocurrencies may sound complex, but it’s actually quite easy to do. Bitcoin is a form of digital money that you can exchange 24/7 for real currency of your choice, whether that’s USD, CAD, or Euro. Once you have your bitcoins or other cryptocurrencies, you can use them to play at all bitcoin-friendly online casinos for real money.
Buying and Using Bitcoin
There are two different sites for bitcoin transfers. These are Coinbase.com and Blockchain.com. Both of these sites have different functionality and serve a different purpose for those looking to fund their online casino account.
Coinbase is the best of the two to use and the easiest way to buy bitcoins. It has a long track record of being safe and secure. Blockchain is used as an intermediary and adds an extra layer of security and anonymity. You can use both sites together.
Before you can play at a blockchain casino, you will need to sign up with Coinbase and follow the simple step by step instructions. Once you sign up with Coinbase you will receive an email to verify your account. To purchase bitcoin straight away you will need to link your debit card as well as your bank account. Once you’ve done this you are ready to buy bitcoin. Click on the Buy/Sell button and then choose Buy Bitcoin.
The next step is to create your Blockchain account and it is recommended that you send your bitcoin to blockchain after purchasing it and then send it to Blockchain when making a withdrawal at an online casino. For more information on Bitcoin and cryptocurrencies be sure to visit our site for the latest news on cryptocurrencies.