5 Benefits of Using Bitcoin for Casino Betting
Much has been said about Bitcoin’s skyrocketing value, but there’s little news going around about how beneficial it is for other reasons. One of those areas include casino betting, which for the past years have been easily transformed by BTC and all sorts of cryptocurrencies. So if you’re on a mission to learn about Bitcoin and the great changes it has done to online gambling, read on! Here are the key benefits that bettors get when using Bitcoin to bet on the casino.
You save money
Paying for the wagers you make in a casino saves you a lot of money. When you use Bitcoin to deposit funds into your account, you are spared from the costs that are imposed by middlemen because of Bitcoin’s decentralization.
Faster transactions
In bitcoin betting, you don’t just save a lot of money. You save a lot of time. Bitcoin’s technology allows casino betting sites to carry out lightning-fast transactions for users who are making a deposit or withdrawing funds from their accounts. Unlike traditional payment schemes that usually take lengthy third-party approvals, Bitcoin transactions only need your approval.
Gambling privacy
Casino bettors who wish to do it with discretion now have the option to completely go anonymous when playing casino games online. Bitcoin makes that possible. Because the platform only needs your wallet address, you don’t have to disclose sensitive personal information when making a gamble.
Fairness guaranteed
Everybody wants to play a fair game. No cheats, no hacks, no unreasonable edges. That’s why Bitcoin betting has introduced the concept of Provably Fair, which is a system used across various Bitcoin-based online gambling sites today. Provably Fair lets players verify a game’s fair nature themselves, which adds another layer of trust and security.
Easy and sustainable
The price of a single Bitcoin is expensive, which is why having to bet as little as 1 BTC is too much of a gamble for many players who haven’t tried Bitcoin betting before. Time to squash that assumption. Bitcoin, in fact, can be divided into 8 decimal points. You can bet as low as 0.0001 BTC and not worry about the huge stake that you are taking.
Nitrogen Sports is one of the first sportsbooks that offer a multi-channel platform in online gambling. Bettors get the opportunity to place their bets on sports, esports and play casino and poker all in one place. But at the forefront of this well-rounded wagering experience is the use of the biggest cryptocurrency in the world, that is bitcoin.
This is the newest addition to the growing landscape of online betting and if you want to learn more, the sportsbook offers an all-encompassing instructional content over at Nitrogen Sports Blog where latest news, updates, matchups, betting lines and bitcoin betting guides are published for free.