Bitcoin and other crypto currencies are taking over the gambling and gaming world, but why?
There’s a handful of benefits to using cryptocurrencies as a transaction option for online gambling. No longer are online poker players and casino visitors subject to the insane limitations of traditional payment processors and creditors.
Traditional payment options force users to sign up with a third party payment processor, adding another fail point, extra time out of your gaming experience and well, another person to pay along the way. Adding Bitcoin or another shitcoin will strip this step of trust, and create a seamless gaming experience — question, why is credit card still the preferred means of transaction to online casinos? Go figure.
Ease of use
- No need for lengthy intrusive signup forms. Using cryptocurrencies, players circumvent the need to sign up for a payment processor, a long process requiring identification verification before the ability to play. In fact, with Bitcoin, some websites require 0 signup, simply play on the cookies of your browser in a complete anonymous setting… Check it out in action here (no account necessary, instant gaming!)
Global players
- Poker platforms differ upon regions. Deposit and withdraw options tend to focus on specific areas, limiting players and limiting action. Bitcoin and other crypto currencies bring a global playerbase to games typically restricted to certain areas. More countries, more players, more action.
Quick transactions
- Why wait for your bank or credit card network to clear and confirm a transaction when we have a digital asset that has been designed to do this from day 1? Bitcoin transactions settle within seconds of sending. Simply copy, paste and send, you’re done.
Paper trail
- Online gaming networks are notorious for the loss of funds, especially when dealing with overseas support. Numerous stories circulate daily detailing funds and conversations lost in translation. This is a downfall when support is focuseds in an overseas country and you’re trying to find your withdraw that went missing.
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When you’re using Bitcoin and other crypto currencies, you have a paper trail… The wallet address, transaction ID, these don’t change. It’s simple to follow the withdraw and find out what is happening behind the scenes due to the transparency of Bitcoin, this is not the case with today’s payments.
Less people to pay
- Crypto currencies remove the payment processor used for traditional credit and banking settlements. Removing this 3rd party reduces fees significantly on deposits and withdraws. This is extremely apparent at Betcoin. Betcoin essentially acts as a free exchange with a float of multiple cryptocurrencies. Within their ledger, they maintain a minimum of exchanges and give the players the benefits of unlimited free deposits and withdraws, something that you don’t see in traditional platforms. Join Betcoin here.
Here’s the gambling platforms I recommend for 2018:
Online POKER ROOMS accepting Bitcoin and other cryptocurrencies:
Betcoin
ACR
Nitrogen Sports
Online CASINOS accepting Bitcoin and other cryptocurrencies:
Betcoin
Nitrogen Sports
mBit Casino
Cloudbet
Online SPORTSBOOKS accepting Bitcoin and other cyrptocurrencies:
Nitrogen Sports
Betcoin
Cloudbet
Have I missed any assets that you think should be added? Please share below and thank you for reading, I look forward to your feedback.
Brand new to Bitcoin?
Get started with this handly little Bitcoin beginners guide.
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