Nowadays, everyone already knows at least something about Bitcoin and other cryptocurrencies. Having appeared in 2009, Bitcoin has gradually caught the attention of investors all over the world. Some believe it is just a Ponzi scheme, others are sure that it is an innovative solution, which will even replace fiat money (such as the U.S. dollar or Euro) in the future. Cryptocurrency gambling has also become extremely popular in the past few years, and players more and more prefer Bitcoin gateway to the traditional casino payment systems. Read on to discover what cryptocurrency is and what are the advantages of Bitcoin for both the owners & the visitors of online casinos.
Bitcoin, which is often denoted by the symbol ₿, is the first completely virtual money. Bitcoins are not printed, and all information about them is stored in a blockchain system on the web. In this article, there is no need to go deeply into technical details. It is only important to know that Bitcoin is a digital decentralized currency, which was created without the intervention of the government of any country. This is one of the reasons why the popularity of gambling with cryptocurrency is rapidly increasing.
Advantages of Bitcoin for the Operators of Gaming Clubs
License is no longer necessary!
Cryptocurrency gambling will allow you to launch an online casino as quickly as possible. If you read our previous article about licenses, you know that it usually takes several months to get an iGaming permit. If you still haven’t, we highly recommend you check out this post! Learn more…
If you integrate the Bitcoin casino payment system into your gaming club, obtaining a license will become optional, not necessary, and you will be able to receive players’ payments in crypto immediately. It will save you a significant amount of time & money, as getting a permit not only takes a lot of time, but also has a fairly large fee to pay. Our team has extensive experience in the introduction of such crypto solutions for online casinos. In the event of any question relative to gambling with cryptocurrency, we are always at your disposal to give the free consultation!
No commission fees & limits
Another important advantage of Bitcoin is the absence of any charges & taxes. With cryptocurrency gambling, you no longer have to worry about the third player represented by the bank, since the payments are made directly from the user to you. It means that your accounts definitely cannot be blocked because of any suspicious transactions, and payments will be made instantly without delay. Government authorities will also not be able to pressurize you in any way, as they just can’t monitor cryptocurrency casino payment systems.
In addition, Bitcoin is considered to be a high-return asset. You probably heard the story about the guy who bought 2 pizzas for 10,000 BTC in 2010. Just think how unlucky he is, because now the price of only 1 Bitcoin is about $20,000. Despite the high volatility of the cryptocurrencies, Bitcoin has a clear upward trend in the long term. However, you can transfer your BTC into stable coins, such as USDT, whose exchange rate is pegged to the U.S. dollar.
Finally, the most powerful advantage of gambling with cryptocurrency is the fact that casino players love to make payments in crypto. Why? Let’s try to figure it out!
Why Do Players Enjoy Cryptocurrency Gambling?
In general, the reasons are almost the same as for the operators. The main advantage of gambling with cryptocurrency is the absence of government control. iGaming activities are banned in many countries, while Bitcoin allows players to make payments from anywhere in the world without fear of punishment. They love crypto for its transparency, security and speed. Consequently, the integration of the Bitcoin casino payment system into your online casino is mutually beneficial for you and your guests.
So, the advantages of Bitcoin are now evident. People in the 21st century are tired of the continuous government control. Cryptocurrencies gave us a chance to catch a breath of fresh air. This is an innovative and convenient solution that is superior to traditional money in all respects.
Integrate Bitcoin gateway into your gaming club today to keep up to date!