Many players are frightened about stepping into the online casino industry using Cryptocurrencies for the very first time. Whilst it is true that if you don’t have a proper understanding of all these cryptocurrencies which would include bitcoins as well (how to obtain them and how they work, for example) you will need to do a little background work first; crypto gaming is now rapidly on the rise, and there are several perks to play at bitcoin casinos which you simply won’t find in standard run-of-the-mill betting sites. If you’re still teetering on the edge of possibly giving crypto gaming a run for their money. Here are a few more reasons why you may wish to try your luck at online casinos that offer payments and withdrawals through cryptocurrencies.
Beat the Restrictions
First and foremost, the obvious. Crypto gaming allows for a modicum of anonymity. There are many countries in the world which have no legalised online gaming. If you happen to be living in one of those countries, you may find that tough law, ISP (Internet Service Provider) blocks, fines, a lack of banking options, or totally unregulated rogue casinos might hinder your chances of finding a top place to play. Crypto casinos provide you with a way around that.
Leading Crypto casinos like Fortune Jack allow players to play anonymously (relatively speaking) and do not use third-party banking software, so none of your banking transactions will be flagged. If you use a VPN (Virtual Private Network) as well, you can access seemingly any crypto gambling casino, no matter where you are in the world.
Speedy Deposits & Withdrawals
There are many online casinos which offer speedy deposit and withdrawal options. However, none of them are as fast as bitcoin banking transactions. Bitcoin deposits are completed instantly, but the same can be said of most deposit options. With bitcoin withdrawals, though, you can often get hold of your winnings in under 2 hours, often less. There are very few e-wallets or bank transfer options which can process your payments as effectively or as quickly as cryptocurrencies.
Cryptocurrencies like Bitcoins, for example, are not considered real-money currencies by governments across the globe. Because of this, any income you pocket via bitcoins isn’t considered to be real money either. If any winnings you have aren’t technically an income, then neither are they taxable. There are seldom any transaction fees, either, so you get to keep what you deposit, and you get to keep all of your winnings to boot.
No Longer a Fringe Market
Bitcoin gaming is no longer a fringe market. Sure, at first, most bitcoin betting sites only offered a handful of proprietary games, but that is changing and changing fast. Now, software from the leading casino slot and table game developers can be found at bitcoin casinos. They offer mobile gaming, sports betting and live dealer gaming, too, as well as a host of promotions, bonuses and top support. In short, the bitcoin casino market has grown so rapidly, it is now able to offer you the same experience as a conventional online casino, with the added perks we have mentioned above.