7 reasons to choose a bitcoin casino instead of a traditional service
Bitcoin technology is confidently conquering new markets – from traditional finance to the entertainment industry. This truly disruptive technology not only comes into business, becoming its integral part, but also gives entrepreneurs new opportunities, often changing the very essence of traditional business models.
The gambling industry, which has been booming on the Internet in the past few years, has not been without new technologies. Today, there are dozens, if not hundreds, of cryptocurrency casinos. Today we will look at 7 advantages of crypto casinos over traditional gambling services.
Let’s start with one of the most popular properties of bitcoin – the ability to remain anonymous or not to disclose unnecessary information about yourself. Most of the traditional casinos require the user to confirm identity documents or the obligatory linking of a bank account with its further verification. Not everyone wants to share their personal data, and some simply do not have such an opportunity, in the end the Internet and bureaucracy are a very bad combination.
Your money is always only yours
Another painful place in traditional casinos is the security service, which can block your account at the slightest suspicion of fraud. Sometimes it’s enough to accidentally get to the same table with scammers who launder money obtained by criminal means in order to permanently lose access to your account. The security service will block your account and freeze (in favor of the casino) funds on it.
In cryptocurrency casinos, the probability of blocking your account due to suspicious origin of funds is negligible. Thus, one of the key properties of bitcoin works in cryptocasino – the user’s money belongs to the user.
As you know, 1 bitcoin is 100 million Satoshi and this property of bitcoin to be divided into small parts is also beneficial in the case of cryptocurrency casinos. And the matter is not only in rates less than, say, $ 1. You can easily play amounts like 0.00001000 BTC (1000 Satoshi), which is currently equivalent to $ 0.002. Thus, the doors of the cryptocasino are open not only for big money hunters, but also for those who just want to play their favorite games for symbolic money.
High competition in the young market
Unlike, say, Bitcoin exchanges, where the number of players is growing not so fast, the entry threshold is much higher, and the client often has no alternatives, this is different with Bitcoin casinos. Launching cryptocasino is not so expensive, including therefore, the dynamics of supply growth is quite high. So, the competition in this market is strong enough, which makes Bitcoin casinos really fight for their customers.
It is also worth considering that in the online gaming market there are quite large and well-established players working not for the first ten years, but exclusively with traditional payment instruments. This is an additional factor affecting the development of the cryptocurrency casino market. Luring gamblers from traditional services, differing from them only in working with cryptocurrencies, is hardly an easy task.
All of the above orientes Bitcoin casinos towards a continuous improvement in the quality of service and individual work with each client. It is in this industry that those services that put customer comfort at the forefront will succeed.
You can not ignore the favorite property of critics of bitcoin – high volatility. For players, in the event of a rise in the price of bitcoin, this is an obvious and pleasant bonus. Just imagine that at the end of October 2013 on your account there were several won bitcoins, which in November began to cost 10 times more expensive. By the way, now Bitcoin costs about $ 240, which, according to some representatives of the community, is very cheap.
Casino Without Borders
Imagine a situation in which you live in a country where gambling is prohibited not only in real life, but also online. And serious online casinos simply do not allow you to play for real money. Yes, you can use the ip-address of another country, but when entering funds from a bank card or identifying yourself in the service, your trick will most likely be noticed. In the case of Bitcoin casinos, there will not be such problems, and even if you have to use a different IP address, your Bitcoin will not tell anyone about who you are or where you are from.
And finally, it is worth emphasizing that choosing a Bitcoin casino instead of a traditional gambling service, you choose new technologies, encouraging their development and distribution. In addition, by default you become part of one of the most interesting and active online communities.