Bitcoin Online Casino Sites – How Bitcoin Revolutionized Online Gambling

When online casinos first hit the market in the early 2000s, they changed the way we play casino games. Everything was accessible online, with thousands of games on offer and fast payment methods. Funding accounts was quicker and simpler than ever thanks to emerging options such as debit cards and e-wallets. The industry went through an even bigger and better change with the rise of Bitcoin online casino sites.

Crypto casino sites have redefined online gambling payments. It’s safe to say they’re a gamechanger. Playing at a Bitcoin online casino is made easy thanks to smart, safe, and anonymous deposits and withdrawals. The privacy and global accessibility have tilted the online gambling market in crypto’s favor, giving players something they’ve been craving for so long.

The Rise of Bitcoin in the Online Gambling Industry

Bitcoin casino gambling has emerged as a serious alternative to fiat money casino payments in the past few years. Players have quickly gained trust in it because of global bank-free access and anonymous transactions. In the beginning, it was mostly adopted by offshore casinos. As time passed, it was added to major brands such as BetPlays as the industry is shifting its focus to cryptocurrencies.

Cryptocurrency gambling allows players to enjoy all their favorite slots and casino games without revealing personal financial information. Bitcoin is the coin that started it all, but others are being adopted by online casinos as we speak. The global popularity of cryptocurrencies has taken over online casino platforms, where players can deposit and withdraw securely and faster than ever.

Faster, Cheaper, and Borderless Payments

The key factors behind the rise of Bitcoin payments gambling sites are cheaper, faster, and borderless payments. Not that e-wallets don’t work well. However, some players remain to stay anonymous, and until cryptocurrencies arrived, that’s been mission impossible.

With cryptocurrencies, players can enjoy their favorite games without the meddling of banks or approval delays. Transaction fees are almost non-existent. Currency conversion issues are a thing of the past. Moreover, deposits are completed in minutes, while withdrawals take a few hours.

Decentralized gambling has been made easy with blockchain technology. It’s not beneficial for players only. Casino sites use blockchain tech for a transparent gaming system and secure online gambling. Players love the alternatives to fiat money options, which, although secure, leave a lot to be desired in terms of transparency and speed.

With fast and anonymous casino payments, Bitcoin payments gambling sites are the shining star of the iGaming industry.

Setting New Standards for Anonymity and Security

One of the biggest changes for secure online gambling is the introduction of anonymous casino payments with cryptocurrencies. When using Bitcoin to play casino games at BetPlays, players won’t share any personal financial data. Wallet-based transactions enable secure deposits and withdrawals. There’s also protection from chargeback fraud, and the whole thing’s made simple with the help of free crypto wallets.

Cryptocurrency gambling has set new standards in the industry for anonymity and security. The anonymous payments are backed up with SSL encryption at the top casinos with crypto. Instant withdrawals casino sites allow players to claim their winnings in minutes rather than hours or days. All of it comes in a cryptographic format, where no data leaks can result in stolen financial information.

Provably Fair Gaming and Blockchain Transparency

Another major change that Bitcoin casino gambling has provided is Provably Fair gaming. Most crypto casino sites have a PF badge, which guarantees fair outcomes across all games.

Provably Fair is a cryptographic algorithm that allows players to test games for fairness. So far, casinos and games have relied on RNGs for trust. With blockchain technology, that role is handed over to Provably Fair. Players can now test games themselves using a tool and ensure that each result is fair and random.

This is a massive game changed in the industry, enabling players to verify each bet. Compared to RNGs that can be unreliable as they’re tested by possibly biased testing agencies, the PF algorithm gives players the power to test games on their own.

It’s a complex process, but one that casinos encourage players to try. With it, they can verify game fairness and make sure they’re not in for a scam.

How Bitcoin Changed Casino Bonuses & Promotions

It’s not just the platform and payments that Bitcoin online casino sites have changed. They’ve rewritten the bonus rules as well, with larger and more exclusive Bitcoin casino bonuses as well as fast withdrawals.

Whether it’s a welcome offer, cashback in BTC, or loyalty rewards, Bitcoin casino offers are specific and larger than regular casino bonuses. It’s not uncommon to see a 100% welcome bonus up to 1 BTC. Of course, the rules remain the same – most bonuses need to be wagered before withdrawal. But if you’re looking to play BTC casino games and claim larger offers, nothing beats crypto bonuses.

Challenges & Risks of Bitcoin Casino Gambling

For all its worth, the crypto casino industry is still in its beginnings. The same can be said for the cryptocurrency market, which is not without risks. For casino players, crypto volatility gambling is an obstacle that many can’t pass over. Additionally, regulatory uncertainties may scare players off, who are more than likely to stick to trusty fiat money options.

The good news is that Bitcoin casino risks are mitigated step by step as the world opens up to crypto. Regulation is introduced in many countries, which only leaves the price volatility as the main issue for most players. There’s a solution to it – stablecoins. Tether and USD Coin as well as other stablecoins bring all the advantages of cryptocurrencies with a stable price in tow for anonymous and secure cryptocurrency gambling.

The Future of Bitcoin in Online Gambling

The future of decentralized gambling is bright. Bitcoin and other crypto casino payments are now fully integrated into reputable casino sites such as BetPlays, where players can pick from several coins to make anonymous and fast deposits and withdrawals.

Love them or hate them, crypto casino sites are here to stay. Most players prefer to play at a Provably Fair casino thanks to the advantages it brings. If you’re looking to get started, you’re in the right place. Explore BetPlays’ casino lobby and sportsbook section and start betting with crypto.