In the past, casinos like the Holiday Palace only accepted major international currencies, such as GBP and USD, but today, more businesses and people have started realizing the benefits of using bitcoin (cryptocurrency). So now, even the big players in the gambling industry cannot resist the change, as they can see the potential in bitcoins as payment method. Let’s highlight the reasons bitcoins are rising to fame as an online casino currency.
WHAT IS A BITCOIN?
It is a digital currency that provides anyone (judi bola player) in the world with the power to send and receive money anywhere in an instant and anonymously, along with low commission fees. To know more, check out the next section.
ADVANTAGES OF USING BITCOIN AS WEB CASINO CURRENCY
This is probably one of the unique properties of a cryptocurrency. It is not controlled by any government of any country, so only two parties are involved in the transaction.
Along these lines, bitcoins cannot be taken away from you and no one could freeze your account because there is no regulating authority in the picture, meaning you control your transactions and own your money.
If you’re someone concerned of your safety and security, then you may want to keep your identity anonymous and bitcoins can provide you with that. It gives users a high degree of anonymity, just like using cash instead of credit cards.
Speaking on anonymity, there are now bitcoin casinos that do not require signup before a member could start playing. In this case, all they need is to visit the bitcoin casino and play the games of their choosing.
Your payment information cannot be taken away from you because you don’t need to share your personal data before completing the transaction. In this case, you can also protect yourself from identity theft, which is pretty common these days. Also, there is no charge back unlike with credit cards. Once you have submitted the bitcoin, it is gone, meaning there is fewer risks, too, because the sender cannot reverse …