Why Bitcoin is becoming a popular payment method at online casinos

Can you mine bitcoin

Bitcoin is one of the biggest innovations in the payment world in recent years and it’s only set to get bigger. As we well and truly get to grips with the digital age it was only a matter of time before a new digital payment method hit the mainstream and Bitcoin is only set to rise.

In fact, more and more online casinos are starting to accept Bitcoin as a legitimate payment method, and the digital currency is an appealing option for gamers worldwide. From its low transaction fees to the offer of anonymity when paying, Bitcoin is increasingly becoming the payment choice for many gamers.

What is Bitcoin?

Bitcoin is a digital currency and online payment system that is accepted and used worldwide. It’s used just like a normal currency and sits in a ‘wallet’ on your computer. Its accessible from smartphones and tablets and is used exactly like a normal currency.

Compared to other digital payment platforms such as PayPal, Bitcoin has considerably lower transaction fees and users are able to convert Bitcoin into their normal currency and vice versa whenever they wish.

So what are the perks to using Bitcoin in an online casino?

The use of Bitcoin (and other cryptocurrencies) in online casinos is growing and there are various perks for gamers who choose to use the online currency.

Anonymity: with Bitcoin, players don’t need to reveal any personal details about themselves in order to make and receive payments. Many gamblers choose to stay as anonymous as possible when making transactions (both deposits and withdrawals) with online casinos, making Bitcoin an ideal payment method.

Security: whilst the best online casinos have watertight security policies in place anyway, playing with Bitcoin offers gamers an extra level of security. Despite still being a relatively new way to pay, Bitcoin is in fact one of the safest ways to conduct money transactions across the internet, not just for online casinos.

Low fees: Bitcoin famously has much lower transaction fees than other online payment systems making them an attractive option for gamers who want to avoid having to pay high fees to both the casino and then again when withdrawing their money. Payments are also processed with next to no waiting time allowing gamers to get their hands on their winnings quicker.

With the advantages that Bitcoin offers, it’s quite natural that more and more online casinos offer this payment method. And this is not true only for established operators. There are in fact various new online casinos that put the cryptocurrencies at the core of their product, like for example TeleVega does.

If Bitcoin will see it’s popularity strong in the future will depend on many factors, but as long as it does, gamblers worldwide will have this opportunity available in their favourite casinos.

Other articles posted by totimes.ca and mtltimes.ca

Is Tron going to become the next Bitcoin?

Is Bitcoin payment of the Future

What’s open on Family Day Toronto 2020

Is it possible to get an A for a 5-paragraph essay assignment in 1 hour? We can safely say yes, a student can get an A+ mark if he turns to EduJungles


The ultimate guide to planning a long family staycation in Canada

To guarantee that everyone has an amazing time, careful planning is necessary when organizing a lengthy staycation. Here’s the ultimate guide to planning your family staycation in Canada. Canada, with its vast landscapes, diverse cities, and rich cultural heritage, offers endless possibilities for a memorable family staycation. Whether you’re exploring the stunning natural beauty of

Meal kits

Cost vs. Convenience: Analyzing meal kits and traditional cooking

In this modern world and modern times, convenience often takes priority over cost, especially when it comes to food. Meal kits and traditional cooking represent two different approaches to home dining, and each of them has advantages and disadvantages. Analyzing these methods through the lens of cost and convenience provides insight into why individuals might

Condo renovations

Condo renovations Dos and Don’ts: Expert Tips for a Successful Project

Embarking on a condo renovations journey can be both exhilarating and daunting. Imagine transforming your living space into a stylish haven that reflects your personality and meets your needs. While exciting, the process can be full of challenges and unforeseen hiccups. That’s why we’ve gathered some condo renovation dos and don’ts from the experts to

Terrific Hair

Terrific Hair Means Tamanu – Earth to Body

Curly, straight, thick, thin, kinky or silky, tamanu loves and makes terrific Hair.  And scalps. Nutritionally dense yet gentle, tamanu is an effective and versatile nut oil. It stimulates, helps promote growth. prevents hair loss, reduces scalp itch and irritations and adds a natural sheen! Make tamanu a part of your hair and scalp care

Understanding the 4 legal process after a DUI Crash

A single mistake can have serious consequences, especially when driving under the influence. The aftermath of a DUI crash extends beyond physical harm and property damage. It involves a complex legal process that may feel overwhelming. As a responsible citizen, it’s vital to grasp the legal system and your rights in such situations. This blog

personal injury lawyer

Pedestrian accident: How a personal injury lawyer can help you

Accidents involving pedestrians can be life-altering. You could be walking down the street or crossing a street. A vehicle’s sudden impact can change everything right away. If you’ve found yourself in such a situation, you might be wondering how to move forward. This is where a personal injury lawyer steps in, offering crucial help and

Mtltimes Subscription

The latest on what’s moving Montreal and the world – delivered straight to your inbox