- Anonymity: If you gamble with Bitcoin, you only have to provide casinos with your e-wallet address. You get to keep all your other information to yourself. No one knows where you are sending or receiving your Bitcoin from, who exactly you are and which e-wallet you are using. Casinos that respect anonymity in crypto are called anonymous Bitcoin casinos.
- Fast and cheap transactions: Everything about Bitcoin is virtual and since there is no bank behind it confirming transactions and collecting fees, Bitcoin transactions are extremely fast and also cheap! You do have to pay mining fees (fees to miners who mine Bitcoins and process blockchain transactions through their servers – but they do not control them!).
- Fairness: Blockchain offers transparency. Every transaction carries all previous ‘blocks’ with it (in the block-chain), enabling anyone to check everything that was done up to that point. The same principle can be applied to provably fair casino games. Built on blockchain technology, they allow you to check whether a result of a game was actually fair and random.
- Secure: Gambling with Bitcoin is secure. No one can hack into your e-wallet like they could hack your credit card because they have no information, apart from your address.
While it is true that you can also run into problems with Bitcoin, you have to be really careless for that to happen. For example, if you accidentally send Bitcoin to the wrong address, there is no way of retrieving it.
More than 10 years after Bitcoin was invented, almost every online casino now accepts Bitcoin, allowing you to play with either crypto or fiat.
But if you are more into gambling with fiat currencies (USD, GBP, EUR, etc.) then check out our minimum deposit guides:
Lana | Content Writer