Cryptocurrencies made a huge boom in the financial industry. Businesses of all types started accepting them as payment methods because they bring in quite a few advantages. One of the industries in which these digital assets had a flawless integration were gambling sites.
Crypto casinos, especially Bitcoin casinos are more popular than ever. And there’s a good reason why. Bitcoin in itself will provide you with quite a few advantages and that’s what we’ll discuss in this article. We’ll dive deep into all the features that made Bitcoin gambling sites so loved.
No Fees
First up, Bitcoin is a highly decentralized cryptocurrency. Nobody can control it and impose fees. Hence, both deposits and withdrawals at the best Bitcoin casino come without any extra charges. Let’s take Skrill as a comparison method. When you make a withdrawal with Skrill, there’s usually a 3% fee by the provider itself.
To make things even worse, the fee increases if your Skrill account is in a different currency than the one you’re playing with at the casino. And if that’s not enough, Skrill and other e-wallets are commonly ineligible for claiming bonuses and promotions.
Instant Payments
The good thing about e-wallets, however, is that they give you same-day payouts. Casinos process every withdrawal within 24 hours and send the money. Well, Bitcoin is far more efficient than that. Each Bitcoin transaction is processed within 15 minutes. So, apart from enjoying instant deposits, you’ll also unlock your way to instant withdrawals.
Higher Winning Limits
Almost every online casino has a limit on the maximum amount that you can win and cash out. These limits depend on the type of casino. Those that want to attract high rollers have limits that go as high as $5,000 maximum withdrawal per transaction or per day. Maximum payouts on games might also apply.
That’s not the case with Bitcoin casino sites. These gambling platforms come without any limits. As such, they’re suitable for all types of players. It doesn’t matter whether you’re a casual or a high roller.
Provably Fair Gaming
Every gambling site needs to ensure that its gaming environment is safe and fair. Standard online casinos do that by enforcing Random Number Generators. These are algorithms that create random outcomes for every betting round.
Bitcoin casinos go a step further. They utilize a concept called provably fair gaming. Just like RNGs, they create random outcomes of betting rounds. However, here’s where provably fair gaming prevails. Unlike RNGs, the latter technology allows you to check whether the outcome was truly random. Here’s how it works. Provably fair gaming features a server seed (the casino), client seed (you, the player) and nonce (bet counter). Once the outcome of a game is revealed, the casino will reveal its server seed. All you have to do is copy the server seed and paste it to any third-party hashing tool. The output in the tool should be identical to the one you provided. If it is (and it will be), then the outcome of the gambling round was truly random.