In many countries around the world, players don’t need to go through many steps to deposit at an online casino. Instead, they can deposit from their card or e-wallets in a matter of seconds without any issues.
So what is the case for Bitcoin to be used instead of these tried and tested methods? The first and most obvious advantage is that money transfers are kept more private. When using Bitcoin, players can keep their game time a secret, which can concern many players. However, when you think about it, the online casino community consists of players who deposit now and then, so this isn’t a big advantage to that type of player.
When we talk about Bitcoin online casino playing, we aren’t just about sites that accept this form of payment. That is the way most of this started, but it has evolved massively over the years. There are specific Bitcoin casino sites that take full of advantage of this technology, namely blockchain. In the simplest way possible, applying blockchain to online casinos does address one of the biggest concerns players have when they play at an online casino. You would’ve thought that the biggest concern for players was whether the game was fair or not. No matter how many licenses and regulations there are, players are never totally satisfied that the game is on their side. However, Bitcoin casinos can help put these concerns at ease. Every stake is done via blockchain, and there is a full record of what has happened. That way, players can get full transparency.
This idea is great, but it still needs to be understood and used by the average player to carry any weight. Someone who knows nothing about this technology only sees the claims made by the operator that it’s 100% safe but can this truly be believed?