The Essence of Bitcoin and Its Gambling Benefits
Bitcoin is by far the most popular cryptocurrency, owing to its slightly earlier invention. The main factor separating Bitcoin from other known cryptocurrencies is the way it is decentralized, and thus uncontrollable by a single entity.
This new system also offers unlimited benefits, some of which will highly surpass gamblers’ expectations. Below are some of the reasons why you should consider Bitcoin dealings.
All in the account of Bitcoin being decentralized, transactions through the platform aren’t subjected to bank authorizations, processes known to be time-consuming. This means you can easily enjoy fast and instant transactions.
However, it is essential to note that withdrawals might not be as instant as deposits, due to the many underlying factors that casinos put in place before releasing the money to your account. How long these sites might hold your money can be easily read in their guidelines and policies.
Here we go again! Being decentralized, Bitcoin doesn’t require bank authorization for amount transfers. This is essential in keeping your identity hidden as your details won’t appear anywhere.
The only instance where you will use bank or card details is when buying Bitcoins from online vendors, after which you continue enjoying high-level anonymity privilege.
Well, Casinos encourage players to use Bitcoin as a payment method by offering what can be, at times, hard to pick rewards. Sites are offering up to 100% welcome Bitcoin bonuses that can go as high as $30,000. According to Beastsofpoker.com, professional players should regularly check bonuses of different sites to maximize their winnings.
Negligible transaction costs
Unlike many other online payment methods, Bitcoin has taken advantage of the current transaction cost situation and offered a solution beyond many people’s expectations.
The idea of charging a flat transaction rate amounting to a few cents is one thing that will make many players go for this option. After all, why should you waste close to half of your winnings on transaction fees?
The Best Bitcoin Poker Sites – 2020 Reviews
With many benefits associated with Bitcoin transactions, it is evident that many casino players want to recoup as much as possible using this platform. The only challenge that people have to face is finding the best sites that support Bitcoin payment.
Irrespective of how hard the process might be, here are some of the best Bitcoin poker rooms you need to join this year.
By accepting US players and supporting Bitcoin payments, there is nothing more we could ask from Bovada, which is now one of the best online casinos in the USA.
Their dedication towards issuing fast and highly effective payouts are the reason they rank top of the list. With Bitcoin incorporation, we would assume things wouldn’t change, and the site will continue setting the pace and the rest following at a considerable distance.
Are you wondering how effective the site is? Well, traditional payment methods took up to 5 days, whereas Bitcoin takes at most 10 minutes. Additionally, the site sets aside a $5000 weekly freeroll to pay 20% of its top finishers.
A few years older but moving in the right direction, the site has, without a doubt, a bright future in online gambling. Their freerolls reach up to $2000 monthly, which is a great way to start their career, given the high competition they face from established firms.
Likewise, there are multiple high paying games you can play on this site. Finally, the website is mobile-friendly to ensure you easily access their service. That said, you can check Ignition Casino’s full review here to know more about the site.
This is one of the most trusted and visited online casinos. The site is mainly known for supporting the most significant number of cryptocurrencies.
Likewise, its software is user-friendly and browser-based. Therefore, you do not have to keep on downloading and updating apps.
Poor traffic resulted in the site reducing the number of poker games to the only live room and video poker. However, this never affected the site’s interactive experience as it remains among the top-recommended options.
Numerous promotions and per diem tournaments are the reasons any poker player needs to join the platform. It is home for many US residents who want to spend a considerable time playing tournament games like:
- Sit and Go
- Time-based tournaments
Additionally, an easy to use interface and flowing gameplay of the site are among reasons you need to make your cash here. With the site, you aren’t bothered with unlimited download or installation requests.
The only drawback of the site is its outdated software, but everything else seems to work to perfection. Here you will join a massive community as well as a solid competition and gameplay.
There are plenty of cash games and tournaments, one we are convinced beyond doubt that they will surpass your expectations.
Given Bitcoin benefits stated, many people might tend to believe the system is perfect without any flaws, which is far from reality. Here are the main cons of using Bitcoin.
- The number of online casino sites is highly limited as the payment method is still new to many.
- According to Forbes, “Bitcoin market value raised by 3.6% between 3rd January and 12th this year.” This shows the system’s highly unstable and unpredictable nature.
- Accessing Bitcoins requires physical access to the device you stored them. This means that there is a possibility of losing your money in case the device is lost, or the hard disk is crashed.
Wrap Up – The Future of Bitcoin Transaction in Online Casinos
Poker players only care about the speed and efficiency of transactions. It is, therefore, rather simple to conclude that the low Bitcoin transaction fees and privacy has already surpassed many people’s expectations.
Undoubtedly, this will make Bitcoin trade an invaluable piece for all serious poker players. If you are wondering whether the system is safe to use, bear in mind that we highly recommend it instead of traditional payment methods.
Featured image: Cryptomaniaks