Bitcoin is a new digital currency, and casinos aren’t far behind. Unlike traditional currencies, Bitcoin is controlled by no bank or institution. As such, you can remain anonymous while making payments and transfers online. This decentralized currency is incredibly convenient for players because it offers fast payments, simplicity, and anonymity. Millions of internet users have already adopted Bitcoin, and casinos aren’t far behind. Now, nearly every Canadian gambler can easily place bets and make deposits, thanks to the emergence of online casinos that accept Bitcoin.
If you’re not familiar with the concept of Bitcoin, it’s a digital currency operated by an open source, a peer-to-peer marketplace. It’s a digital form of currency, and operates via a blockchain that records transaction data. Since Bitcoin transactions are anonymous, you can make real money payments at casinos using this currency. As the first cryptocurrency, Bitcoin has grown in value, scope, and trustworthiness, and many people are already playing real money games with BTC.
Bovada is a familiar name in the online casino industry. Unlike other casinos, Bovada is available to players from most US states (except for New Jersey, Delaware, and New York). Founded in 2004, Bovada has a reputation for being trustworthy and reliable. In 2011, it launched its first casino, and today offers a 125% welcome bonus to new players. For new players, Bovada offers a $1250 deposit bonus and a loyalty program.
Using Bitcoin is also beneficial for US players. The Unlawful Internet Gambling Enforcement Act restricts the use of real money on gambling sites, and prohibits banks and payment processors from processing transactions. Additionally, most online casinos don’t accept payments from US citizens. In contrast, bitcoin has no such restrictions, and US players can play anywhere in the world. In fact, some of the biggest casinos in the USA actively encourage gamblers to use digital currencies to attract new players. Some of them even offer bonuses exclusively for Bitcoin gamblers.
Another major advantage of using Bitcoin is its security. Bitcoin transactions are highly secure and no one can steal your personal information. While it is a great way to pay for online casino games, you should make sure to keep your passwords and mobile pins safe, as well as the Bitcoin itself. Bitcoin casinos can accept deposits in the form of Bitcoin, which is then converted into dollars using the current Bitcoin prise. Then, when you withdraw your winnings, you’ll receive the same Bitcoin prise as before.
Despite the potential risks of using this payment method, it is a convenient choice for both players and casino operators. It can reduce credit card transaction fees and blockage. Bitcoin transactions are also free of intermediaries, meaning that there is no reason for anyone to block them. Transaction fees are also very low. Standard transaction fees for Bitcoin transactions are just a few cents. And while bitcoin is a new payment method, there are plenty of benefits that make it a great alternative.