Why You Should Only Gamble At Bitcoin Casinos
Last year was the breakthrough year for Cryptocurrency and now most people on the planet have heard the name Bitcoin. It has made splashes in the mainstream headline all over the world and as more understand its advantage the faster adaptation to a new Blockchain financial system will take place.
#1: The Blockchain And Bitcoin
The casino industry was one of the first to use the Blockchain and Bitcoin to offer a new experience. The technology is perfect for providing a much-improved system that offers transparency and improved chances of winning. It not only benefits the players but the operator also gains due to the cost savings it provides.
#2: Different Types Of Bitcoin Casinos
There are different types of Bitcoin Casino sites and choosing the right one will make a big difference to your winning chances. You want to avoid casinos that only accept Bitcoin payments and do not use the Blockchain to give a provably fair ledger. The only advantages you will find at casinos that accept it as a form of payment is the speed and cost of the withdraw and payout transaction. They offer the same RNG software that traditional online casinos offer which means your odds do not increase.
#3: Blockchain Provably Fair Bitcoin Casinos
A Blockchain based Bitcoin Casino works completely different as the games are usually proprietary and run on the Blockchain. All games available on the site, players can see a transparent ledger that displays every single bet along with the outcome. This means that anyone can check to see if the house edge is as is stated on the site. With RNG software there is no way to check this which means that unscrupulous operators can use hacked versions of the games to put the odds firmly in their corner.
Due to the fact that the Blockchain and Bitcoin allow for anonymous transactions, it means you can play at casinos completely anonymously. If you live in countries where it is hard to place bets, you can use a BTC site to bet anonymously to get around country restrictions.
#5: Speedy Payouts
If you have played at traditional casinos before you will have found that it can take a very long time to withdraw winnings. You do not come up with this problem at Bitcoin Casinos as the payments are instant so you get your winnings straight away.
Bitcoin Casinos are just the first major change happening in the gambling industry. There are many Initial Coin Offerings (ICOs) that are available that offer the next generation of gambling. Players are going to be rewarded for using certain cryptocurrencies to gamble with and for the first time they will have genuine provably fair odds. The Blockchain is changing all industries for the better-using computer programs on a decentralized ultra-secure network. All players around the world are going to help from this and it will help to clean up the industry of rogue operators.