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1496220cookie-checkRising Popularity in Bitcoin Casinos
Gambling
15 January 2021

Rising Popularity in Bitcoin Casinos

Bitcoin casinos are increasingly gaining popularity with the rise of cryptocurrency. The currency allows investors to get rid of cumbersome laws that traditional fiat currency casinos require. Currently, best bitcoin casinos come with a new solution to the regulation issue. Its anonymous nature led to a continuous pop up of bitcoin casinos because no central authority regulates it. This constant popping up of bitcoin casinos can pose a threat or a dangerous situation where gamblers can deposit their bitcoins into provably unfair platforms. Here are the best and reputable bitcoin casinos that you should trust.

Bitstarz

Bitstarz is the most popular bitcoin casino in the betting industry. It is provably fair and regulated by the government of Curacao. The casino also accommodates other methods, a feature that contributes to its high accessibility by millions of users worldwide, including those that do not have bitcoins. The casino offers several quality games but does not provide sportsbooks. You can deposit your value through skrill, Neteller, Mastercard, bitcoin cash, Ethereum, bitcoin, and bitcoin. 

7bit casino

The casino features a unique bonus that users receive after signing up. New users receive a signup bonus of about 1.5 BTC alongside free spins. The games here are provably fair. Its users can play various games, including jackpot games, live table games, and slots. The casino is under the authority of Antillephone, and some country citizens have no access to this casino. 

Fortune Jack

Invented in 2014, fortune jack emerges to be the most trusted casino in the industry. Fortune jack is probably fair and under the Curacao government regulation. The casino comprises more than five hundred games. It allows for several currencies, for instance, Litecoin, dash, dogecoin, bitcoin, and many more.

Advantages of the rising popularity of bitcoin casinos

Gambling with bitcoins in bitcoin casinos comes along with several advantages worth knowing—they include.

Bitcoin betting casinos are secure and safe.

Unlike the traditional fiat currency casinos that made it mandatory for users to provide their details, bitcoin betting casinos do not require any of it. This makes these casinos safe and secure because the deposits will not leave any trackable trail making the users’ identities anonymous. 

Bitcoin betting casinos are transparent.

Traditional casinos unscrupulously take advantage of oblivious investors, although most of them are not aware of these obscure tricks used. Bitcoin casinos are quite transparent, eliminating the dodgy schemes that the traditional ones used. Their platform provides straightforward and legit odds for gamblers. This kind of transparency helps create a mutually positive business relationship, which eliminates scams.

Bitcoin casinos are cheaper.

Exuberant deposit and transaction costs are what traditional online casinos are marred with. Adding a wound on another injury, the bettors have to carry a myriad tax and duty cross, which considerably impacts the final winnings. Bitcoin betting casinos absolve most of these myriad costs since the cost is almost zero. The transactions are cheaper because no authority regulates these casinos. 

Conclusion

Tremendous technological advances come along with new ideas that replace the current ones. Bitcoin betting casinos have come to relieve gamblers of the cumbersome load of high transaction costs, heavy taxes, and duties. However, as you bet, remember to gamble responsibly because betting has several risks associated with it.

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