The online casino industry keeps booming with continuous inventions of new and interesting games and the developing mobile technology, but also the versatility of convenient payment methods.
One of the most popular payment methods in recent years has been Bitcoin. It is a digital currency that allows players to complete quick and anonymous transactions.
Finding a quality Bitcoin casino in the USA has never been easier, mostly due to sites like CasinoUSA, which is an online casino knowledge hub run by gambling expert Jayson Peter. It features a long list of casinos that accept Bitcoin, together with guides on how to create an account and use Bitcoin for deposits and withdrawals.
This article will focus on the main advantages that Bitcoin casinos have over their competitors. Read on!
- Ease of Use
Although Bitcoin is easy to use, you will still need to spend some time learning the ropes and setting up your Bitcoin wallet, but it’s worth the effort.
Bitcoin casinos make this process even easier by giving you instructions on how to complete a deposit or a withdrawal. So, even if you’re new to using Bitcoin, you will figure everything out in minutes.
- Speed
If you’re eager to start playing your favorite online casino games, there’s no quicker way to do it than by using Bitcoin. Once you create an account on a casino site and place your first deposit using Bitcoin, it will only be a matter of minutes before the money reaches your online casino account.
The same goes for withdrawals. In most cases, traditional payment methods like credit cards and direct bank transfers force you to wait several business days before you can withdraw your winnings, as opposed to Bitcoin. These withdrawals are almost instantaneous once your withdrawal request is approved by the casino operator, which usually takes between 24 and 48 hours.
- Anonymity and Safety
Contrary to popular belief, cryptocurrency transactions are not completely anonymous. However, they still provide a higher anonymity level than traditional payment methods. So, while you are completing a Bitcoin deposit or withdrawal, you won’t have to leave your credit card or bank account information to the operator, as all your money will go in and out of your secured digital wallet.
Even though top online casinos are generally safe and trustworthy, meaning you won’t need to worry about your personal and financial data being exploited, using Bitcoin simply adds another layer of safety. What’s more, you won’t need to provide bank statements and additional documents, which is sometimes required when withdrawing higher amounts using other banking methods.
- Higher Limits
Bitcoin quickly became a favorite among casino payment methods. This is particularly important to high-rollers, as most online casinos allow higher deposit limits for Bitcoin compared to other payment methods.
The same goes for withdrawals, as some casinos don’t even have a maximum limit on how much you can cash out using Bitcoin. This is especially handy if you hit a big jackpot because you won’t get paid in increments through credit cards or e-wallets, but simply request the payout of the entire sum in one go.
- Bonuses
Almost every online casino offers bonuses and promotions to incentivize new players. Once you deposit for the first time, it will usually get matched, and you’ll receive double that amount in the form of bonus money. In some cases, you will even get multiple bonuses for several subsequent deposits.
Bonuses are usually compatible with all payment methods offered by a given casino, but some casinos offer higher bonuses for using Bitcoin. For example, if a deposit match bonus for another payment method is 100% up to $1,000, then the Bitcoin bonus might be worth 150% up to $1,500, or even more.
- No Fees
Depending on the casino of your choice, you might face additional charges once you try to deposit or withdraw funds. This is usually the case with credit cards, bank wires, and checks, not to mention the fees that might be enforced by your bank or credit card service. These fees can be fixed or take a percentage of the total deposited or withdrawn amount.
On the other hand, Bitcoin transactions almost never have fees. You can deposit or withdraw $10 or $10,000 without having to pay additional fees.
