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Digital Edge
Home»Cryptocurrency»Why Bitcoin Attracts Gamblers?
Cryptocurrency

Why Bitcoin Attracts Gamblers?

Michael JenningsBy Michael JenningsDec 1, 2018Updated:Dec 2, 2021No Comments5 Mins Read

Bitcoin is a peer-to-peer digital currency widely used online, especially for betting and gaming. It was created by the famous developer Satoshi Nakamoto and it was initially introduced in January 2009. Bitcoins popularity has steadily increased since then.

Contents hide
1 When it all started?
2 Controversies
3 The rise of Bitcoin online casinos
4 Bitcoin casinos are for everyone

When it all started?

The first Bitcoin transaction occurred when programmer Hal Finney downloaded the Bitcoin software and received 10 free Bitcoins from Nakamoto. The Bitcoin market has since grown to its current level with more than 21 million Bitcoins in circulation.

The Bitcoin as a digital currency has become popular with online bettors and gamblers because of its simplicity and convenience. Players can trade on digital platforms without having to link the funds to a physical account.

Did you know that it is possible to play online casino with Bitcoins and that some players do not hesitate to invest large sums of this virtual currency? Take part in the unbelievable world of ostentatious spending on Bitcoins!

There are many online casino sites all over the world, providing the opportunity to play games with crypto, but it’s the best stick to a licensed Bitcoin casino. Since Bitcoin is a relatively new payment method, it is useful to know who accepts it. You can start by searching some online casinos which offer Bitcoin betting. Nowadays, players can learn everything about online gambling and deposit methods before they start.

Controversies

There are still concerns about Bitcoin gambling, however, the increasing use of Bitcoin as a digital currency for online gambling has a huge impact on the whole gambling market. This is an unregulated market with a preoccupation underlying the fact that the currency can be destroyed simply by deflation. However, these concerns are unlikely to become real.

Another concern is that Bitcoins are not traceable. If a person hacks an account, the probability of getting stolen funds is high because there will be no trace of location. Some people see this as a benefit of Bitcoin money, making it untouchable by governments and other bodies. There is an element of risk associated with this, but the desire of having untraceable funds for gambling is greater among many players.

The rise of Bitcoin online casinos

Bitcoin has become widely used in the gambling industry with the appearance of Bitcoin-specific casinos set up to allow gamers to gamble. Nowadays, people have plenty opportunities to use the Bitcoin currency more frequently. Cryptocurrencies have not yet completely conquered the market alongside the biggest online casino brands, but there is a definite feeling that Bitcoin casinos have the potential to enter the big leagues.

Casinos attract mostly wealthy customers that have a pleasure in earning big amounts of money. Have you ever imagined yourself as a millionaire? If so, prepare yourself for an outstanding crypto adventure! Suites, luxury hotels, a private jet and more goods are at the disposal of people who get lucky and won some unbelievable amounts of cash. But, what about regular Bitcoin casino players? Nothing to fear, they are also very important clients: whether with a free brunch in Atlantic City or a dinner offered in Las Vegas, casinos take care of loyal customers, even if they pay in Bitcoins.

The new form of gambling can bring you a fortune. Just try out your gambling skills, deposit your Bitcoins and enter the game! Winning the casino can change your entire life and bring you countless, new opportunities. If you dream about a luxury life, you can now achieve it by participating online casino games.

When luck smiles on you – answer it and check all your gambling possibilities. Online casino players are 100% anonymous so there is nothing to fear about when it comes to privacy. Indeed, thanks to the virtual “monetary” system, your real identity does not matter, to claim your reward, only your username counts and nothing else.

Three good reasons to start the adventure of virtual gambling at the casino with bitcoins:

  • VIP & leveling systems

Several Bitcoin casinos have a leveling system, grouping loyal players according to a number of predefined criteria. Some value the time spent playing, while others emphasize the concrete financial investment made online.

  • Earn smartly & comfortably

Casinos are sometimes forced to temper players’ excessive spending, so restrictive laws and rules are put in place to keep things in check. But…it happens only in regular casinos. When you play at online casino, things are being handled differently. Bitcoin casinos give you the opportunity to bet freely, without any restrictions. You can enjoy your gambling sessions from your home. Winning in slippers is less classy than in costume, but it’s more comfortable.

  • Numerous bonuses are offered to Bitcoin players!

The majority of Bitcoin casinos are willing to offer an extra amount to thank their subscribers. Deposits are also part of it because they attract customers and encourage more flow. In terms of generosity, it is ubiquitous because they give enough money to new users to bet. The future of the fast-paced Bitcoin casinos is not a bad omen. With the preponderance of Bitcoin casinos, it seems that more and more players will join the game, increasing the prosperity of gamblers and those who aspire to become ones.

Bitcoin casinos are for everyone

To sum up, Bitcoin casinos were created to meet the needs of players and gamblers from all over the world. Nowadays there are million possibilities related to cryptocurrencies. New technologies such as Blockchain allows players to feel completely free and bank independent. If you are a huge fan of gambling, you should definitely try a comfortable way of Bitcoin betting!

Michael Jennings

Micheal wrote his first article for Digitaledge.org in 2015 and now calls himself a “tech cupid.” Proud owner of a weird collection of cocktail ingredients and rings, along with a fascination for AI and algorithms. He loves to write about devices that make our life easier and occasionally about movies. “Would love to witness the Zombie Apocalypse before I die.”- Michael

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