Why Some Online Casinos Favour Bitcoin

When online casinos were originally introduced back in mid-1990’s, the choice of payment methods was limited. In fact, you would have been lucky to find anything other than bank transfer, debit and credit cards available. Since then, we have seen the development and introduction of a wide range of online payment methods and these have been integrated to online casinos.

Some examples include Neteller, Skrill, Paysafecard and PayPal. Each of these methods are a good choice but some online casinos are now choosing to adopt bitcoin as a payment method. There are now some online casinos that are actively choosing to favour Bitcoin as a source of funds over anything else but why?

Bitcoin is a form of cryptocurrency and it was the first cryptocurrency to be developed and used online. One of the main reasons why Bitcoin was introduced is privacy and as a decentralised unit, Bitcoin does not use a bank or any other form of government system to operate. That means it is impossible to find your details anywhere when using Bitcoin and that applies to the use of Bitcoin at online casinos.

So, when you access an online casino such as Cherry Gold Casino that accepts Bitcoin, you can begin enjoying the great selection of games without having to add any banking details. In addition, when using Bitcoin at Cherry Gold Casino or any other online casino accepting the cryptocurrency you will find the speed of the transaction is fantastic. There is no need to wait around for your funds to appear in your wallet. When using Bitcoin, the transaction is almost instant and you will be ready to play games immediately.

The fees when using Bitcoin are also particularly good. In most cases you will not have to pay any fees when using Bitcoin at an online casino. If there is a fee in place, it will be insignificant and not something that will see you looking for an alternative deposit method.

It goes without saying that when using Bitcoin at an online casino, the security is excellent. As we already know, you do not have to pass on any of your banking details when using Bitcoin. This also applies to personal information and Bitcoin casinos will never ask for your details in the same way you would find at a standard online casino. All you need to begin playing games is a cryptocurrency wallet address and a username. If you are ever asked to provide additional information, you should probably try a different online casino.

Finally, one of the reasons why some online casinos favour Bitcoin is because of the bonuses it allows them to offer players. A 100% matched bonus is as good as guaranteed when using a Bitcoin casino. The amount offered is usually at least up to 1BTC and can sometimes be as high as 5BTC. So, with all the benefits highlighted above it should come as no surprise to find more online casinos choosing to favour Bitcoin now and in the future.