What Are New Bitcoin Casinos?
New Bitcoin casinos are everywhere and if you are an avid online gambler or love using cryptocurrencies such as Bitcoin, then you are sure to have heard of them. The gambling industry is always introducing new and innovative ideas and the introduction of new Bitcoin casinos is a natural progression. One of the main reasons many players are wary to use Bitcoin casinos is mainly because they do not fully understand them. We are here to provide you with all the information that you need to get started wagering on new Bitcoin casinos today.
This History of Bitcoin and New Bitcoin Casinos
Bitcoins are a type of cryptocurrency or digital currency and were developed by Satoshi Nakamoto, which is a pseudonymous name. Although Bitcoins have not been around for long, they have quickly gained a massive following around the world. This digital currency can be traded or exchanged online and there is no physical form of it as it purely exists online. As it is an open source, there is no one person controlling it and everyone can use it. The Bitcoin network is a computer programme that provides users with a Bitcoin wallet and here you can put in Bitcoin or send them.
With the rise of Bitcoin there has also been a huge rise in the number of new Bitcoin casinos hitting the market. These types of casinos have become exponentially popular in recent years and many betting platforms have adopted this as the main form of payment on their site. Just a few of the different types of betting platforms you will find that have adopted bitcoin are Bitcoin casinos, Bitcoin Sports Betting, Bitcoin Lottery, Bitcoin Poker, and Bitcoin Dice Games.
Why Should You Play at New Bitcoin Casinos?
There are plenty of reasons why you should play at new Bitcoin casinos and this is why so many players are now making the switch from your standard payment options to Bitcoin!
The first big advantage of signing up to new Bitcoin casinos is the anonymity that comes along with it. In the same way that the founder of Bitcoin is completely anonymous, players who decide to join and deposit at new Bitcoin casinos will also be too. This then means that your transactions are safe and cannot be altered. Furthermore, it also ensures that none of your personal data or sensitive credentials is misplaced or hacked into online.
The second big advantage of using new Bitcoin casinos is that you will always have full control over your money! Anyone can receive or send Bitcoins and this transaction happens immediately, so you do have to waste your time sitting around waiting for your Bitcoin casino account to be credited or to withdraw your big winnings! What’s more, these Bitcoin payments have very low transaction fees, or there are often no fees involved at all! This can make it very attractive other payment methods that will take high transaction fees giving you less money to spend on exciting and fun games!