To ask this question you should pose another: What is it that has led so many players to adopt Bitcoin as the primary method of payment for their online gambling activities in the first place? Let's take a closer look at some of the key virtues that paved the way for the crypto gambling movement and remain relevant to this day.
There is a wide range of casinos supporting Bitcoin
What started as a small niche gambling market is now fully spread around the world. The majority of important international casinos now fully support Bitcoin deposits. Today, anyone wanting to gamble using Bitcoin can do so on some of the most reputable platforms.
The days when cryptocurrency players had to hide their digital funds on dubious gambling platforms with questionable licences are gone. Today, things are much simpler. You can get started with Bitcoin anytime you wish to, even if you don’t have any blockchain experience before doing so. A complete guide on crypto casinos can be found on the Gamblineers platform.
The speed of the transactions you make
Transaction speed should always be taken into account as a mentionable perk when it comes to Bitcoin gambling. Whenever one has to deal with gambling transactions, most casinos these days offer instant access to funds. As long as you approve the transaction, your money will be waiting for you soon. This is the major advantage of blockchain. Once approved, the transaction cannot be reversed. There is no way to change your mind. When you authorise a transaction to an online casino, the casino realises it cannot be reversed, but the blockchain takes time to process the transaction, so your funds are immediately accessible.
It offers privacy
Anonymity always comes first for the players. Bitcoin transactions allow gamblers to deposit and withdraw funds without any clear evidence that they were engaged in gambling activities, so things can stay private. If you use Skrill or other similar platforms, your personal information will be shared throughout the transaction process. There is a matter of virtual Bitcoin privacy when it comes to crypto gambling.
Although, bear in mind that today, in the case of most major online casinos that include Bitcoin in their banking methods require the user to go through the KYC (Know Your Customer) process.
Growth in acceptance of bitcoin gambling
The matter is, even if you like it or not, bitcoin gambling is here to stay. A large group of supporters has already been formed. Despite the various scandals that emerged along the way, online casinos still support payments in the biggest cryptocurrencies such as Bitcoin, Litecoin and Ethereum. This growth in acceptance is not going away anytime soon. Many thought that if Bitcoin hit a record low, the cryptocurrency bubble would burst. However, people still play, trade and invest in cryptocurrencies.
Although there always have been fluctuations in the value of the Bitcoin and there are opposing opinions on the matter, people do not seem to give up crypto gambling this year either. Thus, it's safe to say that the crypto market is here to stay and bitcoin gambling in 2023 is still relevant and ongoing.
