2020-2-11 11:16 |
Bitcoin Payments & Bonuses in Online Casinos
You can trace the history of cryptocurrency back to the mid-1990s when American cryptographer David Chaum developed Digicash. This required user software to make cryptographic electronic payments. However, things have moved on a great deal since and the development of Bitcoin plus the release of over 6,000 other cryptocurrencies has changed the online world of payments. One of the main ideas of using a cryptocurrency such as Bitcoin is to remain anonymous when making a payment.
Bitcoin can be used in several ways including money transfers, storage of wealth, private transactions, investments, payments for jobs and travel. However, what could be one of the most innovative uses of Bitcoin to date has come in the world of online gambling. It has never been easier to obtain Bitcoin than it is today thanks to several exchange websites but how can you use it to make payments and qualify for bonuses at online casinos?
Firstly, you need to find an online casino that will accept Bitcoin payments. Bitstarz, Bet365, 888Casino, Mr. Play, Casumo, and Betway Casino are all examples of online casinos that accept Bitcoin payments. You can create a new account at any of the online casinos listed above but there are much more available which accept Bitcoin as a payment method. When you use Bitcoin to play at any online casino you should not be required to add personal details. As highlighted above, one of the main advantages of using cryptocurrency is to avoid having to provide your personal information.
However, before you decide to play at a leading online casino that accepts Bitcoin, such as Bitstarz, you should be made aware of promotions and bonus code. In addition to anonymity, one of the main reasons why using Bitcoin payments at online casinos is becoming popular is due to the bonuses which are available.
When playing at online casinos using standard currency such as euro’s or dollars, you will often find bonuses that will provide you with a couple of hundred euro’s or dollars. There is nothing wrong with that and it is a good way to start but one of the main advantages of betting using Bitcoin is the significant bonuses that are often available.
Using Bitstarz as an example, when signing up using the offer available at the link highlighted above, you can claim up to 6BTC as part of the welcome package. In addition, by using the bonus code you will qualify for an exclusive first deposit bonus of up to 2BTC. Therefore, when successful, using Bitcoin payments and bonuses in online casinos can become very profitable and that’s why more people are deciding to use it when betting online.
One of the great advantages of Bitcoin payments is they can be used by players who live in a region where online gambling can be a bit of a challenge. The United States is a good example and although the laws have been relaxed in some states recently there are still many people who cannot gamble online using American dollars. However, as Bitcoin is not regulated and controlled in the same way as American dollars, it makes it easier for people in the United States to make payments and take advantage of bonus codes at online casinos.
The advantages of a quick transaction are not limited to those who may be using Bitcoin because they cannot use their own currency to play at online casinos. We all want to enjoy quick speeds when it comes to completing mundane tasks such as making payments online and this includes online casinos. However, the same applies to withdrawals and withdrawing winnings from an online casino can sometimes take a couple of days but when using Bitcoin, the transaction usually happens immediately. This gives you instant access to your funds and is another reason why more people are choosing to use Bitcoin payments and bonuses in online casinos.
When making payments using various methods at an online gambling website, there are often transaction fees involved. Either the casino or the company you are using to make the payment will take a percentage of the money you are paying. That’s not the case when using Bitcoin and in many cases, fees are non-existent or tiny.
However, without a doubt, the main reason why many people are turning to use Bitcoin payments is because of the significant bonuses available. The amount of extra money you have to play with when taking advantage of a Bitcoin bonus is significant in comparison to fiat currencies. Bonus codes that encourage the use of Bitcoin usually offer superior incentives and therefore give you more cash to play with at the online casino.
The post Bitcoin Payments & Bonuses in Online Casinos appeared first on BeInCrypto.
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