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Bitcoins Are Hitting It Big At Casinos | Michael LuchenBitcoins haven’t merely leaped forward in popularity, they’ve found an elevator ride to the top. Accordingly, numerous industries, including the online casino industry, has missioned itself to welcome the cryptocurrency.

Each day brings new options for online gamblers who are always looking for new ways to be entertained and try their luck. The influx of online gamblers coincides with maturing bitcoin deposit/withdrawal options. Bitcoins are great for those online gamblers who are resistant to the idea of sharing credit card information. Blockchain technology has unveiled a promising, advisable payment solution, limiting the exposure of consumers’ information.

Bitcoin deposits and withdrawals differ a bit from using credit cards or payment wallets, but bitcoins can be a welcome change when many credit card companies and payment wallets don’t accept deposits from online casinos. Bitcoins can be processed directly by customers after they clear rollout requirements. With this, customers will be happy to be free of any credit card charges.

There is a disadvantage using bitcoins for online casino gambling, such as the fact that not all online casinos accept bitcoin, approximately only 15 percent current accept it. After all, Blockchain technology is a new concept.

With that said, there is a gaggle of advantages of online gambling. Firstly, those who use bitcoins to gamble can do so without using more than their address and name. Another key advantage is the fact that bitcoins quash delays that take place when using credit cards and payment wallets. The elimination of a “middleman” means that users feel they have more control.

Bitcasino.io is an example of the successful relationship between bitcoin and casinos, but an online casino designed explicitly for bitcoin players. According to the website, users can deposit, play, and withdraw money with ease.

Bitcoin transactions are entirely unlike traditional payment methods, as they are faster and more comfortable. There are little to no transaction fees, and the security it affords is the eliminatory is a relief to many of those who gamble.