4 Things You Need to Know About Bitcoin Casino Games and Bitcoin Casinos

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Bitcoin has experienced a surge in popularity thanks to its incredible bull cycle from 2020 that lasts even now. The price had exceeded a lot of expectations and previous records, when it reached a high price of over $41,000 on 8 January 2021. Furthermore, it definitely entered the mainstream as many companies and organizations have expressed their support for Bitcoin. 

That said, online casinos have always looked for ways to improve the gaming experience of their players. And Bitcoin, as a popular cryptocurrency with an increasing number of users that also offers other benefits, is being adopted by many different online casinos across the world. In this article, we've chosen the top three things you should know before you register on an online casino bitcoin. 

What is Bitcoin Casino?

Before we explain what a Bitcoin casino is, let's take a look at the term' Bitcoin.' Bitcoin is a digital cryptocurrency that enables efficient, safe, and cost-effective transfer of money over the internet. Online casinos offer a variety of safe payment methods to their members, ranging from e-wallets, to your bitcoin wallet to debit and credit cards. 

They want to make sure that the players on the site are able to quickly fund their accounts and withdraw their winnings. Also, many casinos cater to players from different countries and are able to accept payments in different currencies.

 That said, when an online casino accepts bitcoin alongside payments in traditional (fiat) currencies is defined as a bitcoin casino. So, this is essentially the difference between regular and bitcoin casino sites. Also, bitcoin casinos still need a gaming license as any other traditional online casino by a gambling control board. So, users can rest assured that a licensed bitcoin casino is legitimate and safe, and the transactions are encrypted. 

Bitcoin Casino Games

When it comes to the library of games on bitcoin casino sites, you will still get to play table, live casino games, slots by multiple game developers. So, you will be able to choose from poker, roulette, baccarat, slot games in many variations. Hence, you can play your favorite games as you do on any other casino site, while again, the main difference will be depositing and withdrawing your funds in BTC.  

Anonymity

Another reason why bitcoin is popular is that BTC transactions remain anonymous. On the blockchain network, only information about the transactions is revealed without additional information about the identity of the users that made the transactions. This means, your bitcoin wallet can't be associated with personal data about the owner. So, definitely, there's increased privacy for the members of bitcoin casinos. 

Bitcoin Transactions 

Blockchain technology is the reason why bitcoin has reached this level of success today. As we mentioned earlier, transactions in bitcoin are processed quickly with negligible fees. This is all thanks to the blockchain network that is designed as a decentralized peer-to-peer- system that isn't controlled by anyone. 

Moreover, the information on the network is transparent, but sensitive information about the users always remain anonymous. So, there are plenty of reasons why users choose to make payments in bitcoin.

This means that generally, bitcoin online casinos don't charge additional fees when they process transactions on the site, and it's very likely that the withdrawals or deposits are completed instantly. Therefore, you won't have issues depositing or withdrawing your winnings. 

Otherwise, a lot of online casinos enhance the gameplay of their members by providing various offers and promotions; bitcoin casinos also offer bitcoin Loyalty programs and promotions in BTC, which means you can claim rewards in BTC.