Bitcoin gambling works similar to regular casino gambling, and there is not much difference between playing with cash and bitcoin except for one, safety. Cash leaves no trail which could be held against anyone in a court of law, but bitcoin moves on the electronic medium, making it sure to record transactions and keep in check the inflow at the casino.
Bitcoin is also better as it not as risky as other modes of payment, cryptocurrency is protected by the blockchain technology, which is impossible to be tampered with. The blockchain is a network of many information blocks which are protected by multiple identities locks, shared within the server. To alter one black in a chain of information, a hacker will have to modify all the blocks in the chain, which is not possible as these blocks are highly encrypted.
Bitcoin is the perfect currency for online gambling, the first casino inclined to seriously using bitcoin as the primary mode of transaction appeared in 2012. However, at that time, the industry was still immature, and it was harder to know who to trust. Today the business is much more established as per the detailed report on the US market, and the top casinos are as trustworthy as the traditional money online casinos, only you don’t need to deal with banks or old annoying money systems like Net-teller and Moneybookers. Let us look at a few online casinos which promote bitcoin gambling.
Bitstarz Casino is one of the most significant contributors of online Bitcoin gambling with more than 2000 games waiting to be played. Although this platform is accessible for bitcoin gambling, Bitstarz Casino accepts other legal tenders like the American dollar, British pound and Europe’s Euro. There are different types of modes in the game which you can choose from, mostly by playing using different kinds of money options and each option will cater to various offers. The most popular forms of Bitcoin you can play with are Bitcoins, Ethereum, Litecoin and Dogecoin. This website also developed a casino platform for smartphones to enhance the gambling experience using Bitcoin and other cryptocurrencies. Bitstarz is one of the leading platforms for the crypto market, which is backed by large game providers like Netent, Amatic and Belatra.
7Bit Casino is famous as a very user-friendly gambling platform with its simplistic design, the vast selection of exciting games and easy to do transactions. One of the most interesting facts which makes it so accessible that 7Bit Casino offers the user guidance and help with a 24/7 live chat. 7Bit Casino was established in 2014, keeping in mind all the modern trends and latest technologies in gaming apps. The depositing and withdrawals of vast amounts of money is very fast, indeed, which makes it a common choice among new gamers who find it difficult to trust new casinos because of their slow processing of funds. The company had tried to make the games as interactive as possible by adding in different types of slots, video poker, table games and others, some of which are live table games including blackjack and roulette. The offers and jackpots on this platform are enormous, ranging from 10 bitcoins to a massive 100 bitcoins. Just like all its competitors, 7Bit Casino features all popular cryptocurrencies like Bitcoin, Litecoin, Ethereum and Dogecoin including fiat currency like the dollar, pound and euro. The system is loaded with heavy graphics and exclusive animations which make it even more exciting within the gambling community. The search bar is a simple house and looking for any game is very easy, and so is placing a bet. The company gave the casino a complete makeover in 2019 to make sure that the gaming atmosphere is up to date and its competition don’t have the upper hand, leading to its modernisation and launch of a new avatar. The only backlog in all of this is that gaming might be difficult as it requires functional internet connectivity and advanced computing systems to run the heavy animations.
The gaming community has never felt safe after the introduction of cryptocurrency in the betting section as there was no conclusive research on the benefits of this technology and if it could be trusted or not. In recent times the blockchain technology has overtaken all security market and is a prime contributor in making transitions safe. The online gambling industry needs to accept this change gradually but entirely to make betting a more secure activity for the customers and the bookmakers