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Bitcoin Casinos – Is the Future of Online Casinos Here Already?
October 8, 2022
Bitcoin Casinos – Is the Future of Online Casinos Here Already?
October 8, 2022
Bitcoin casinos are the future, and here’s why
Bitcoin’s been making boss moves since its inception in 2009. It is literally the OG of cryptocurrencies.
This blockchain-based decentralized digital currency was created by Satoshi Nakamoto (a pseudonym for one man or a group of individuals – no one actually knows). He/they saw a need for a decentralized currency following the 2007 – 2009 global financial crisis.
During this time period, people were hella suspicious of governments and banks, and bitcoin presented the perfect opportunity to move away from a financial management monopoly that left little room for autonomy, and provided even less transparency. Of course, bitcoin took off with a bang, paving a path for over 19,000 other cryptocurrencies, or altcoins – to follow.
With its surge in popularity, many companies began adopting bitcoin-based transactions. The first online crypto casino was established in 2013 – providing all of the same benefits of an online casino, but with better security, faster payouts, and total anonymity. Naturally this proved to be a hit with players, and soon, other casinos followed suit.
Packed with perks – 4 reasons why bitcoin casinos promise a better overall casino experience
Bitcoin casinos are all the rage, and it’s really not that hard to see why when you consider the plethora of benefits that are part and parcel of playing at a crypto casino. Let’s take a look at some of these benefits in detail below. For more, read this blog.
Lightning-fast withdrawals
Bitcoin technology is crazy efficient, and allows for instant deposits and withdrawals at Punt Casino. This is because bitcoin has completely removed the need for third party payment providers, allowing transactions to take place in mere minutes – giving players access to their favorite crypto games instantly, and allowing them to enjoy their wins within no time at all – taking a fraction of the amount of time it usually would at a traditional online casino.
When you think about how long fiat casinos take to pay out (a few days on average at minimum), it’s crazy to think that casino players haven’t kicked up a fuss sooner, demanding quicker payouts. Fiat casinos have their hands tied, however, as they can’t really influence the time it takes for a bank to process payments.
Most fiat casinos advise that payments usually reflect in 1-3 business days – and this is primarily due to the fact that they’re going off of how long it takes a debit card, debit card, or bank transfer to approve the funds before the payment actually reflects on the player’s side. Crypto eliminates this waiting period significantly – with winnings being paid out within a few minutes, to a few hours, max.
It’s global, baby
Bitcoin is ubiquitous. You can transact with it anywhere – as long as you have an internet connection. Compare this to many fiat payment methods that are geo-restricted, and therefore limiting – and you have a clear advantage. Zero geographical limitations means unfettered fun!
It’s oh-so cheap
Transactions with bitcoin are über cheap. This is because of the low fees associated with bitcoin gambling, and the fact that Punt doesn’t add any additional charges to your transaction, either. When you play with bitcoin, you’re automatically doing away with those pesky bank fees.
Security is airtight
Playing at a bitcoin casino means that you’re benefiting from some super strong security measures. As a baseline, Punt casino makes use of airtight SSL digital encryption. Then, every transaction on the blockchain is fortified by secure cryptography – which means that your funds are doubly protected.
It’s all completely private
You want to gamble online anonymously, and you have every right to! Luckily for you, gambling with cryptocurrency makes this a breeze. All crypto transactions are 100% anonymous, so you can enjoy the peace of mind that comes with knowing that when you gamble at a bitcoin casino, it’s all kept completely under wraps.
The future of bitcoin (and other cryptos) in online casinos
The future is here, and it’s pretty clear to see that casino’s that haven’t adopted a crypto offering will have to do so sooner rather than later.
Bitcoin could become the norm at online casinos
The world is changing rapidly, and new technologies are being adopted in the blink of an eye. Those that don’t adapt will surely fall behind! And all of this is very seriously changing the way that we behave, and even share money, online. With that said, it’s reasonable to assume that the future of online casinos is based in crypto.
What makes us so sure?
Well, just look at the list we shared above. The benefits are persuasive, and cryptocurrencies such as bitcoin, bitcoin cash, ethereum, tether and bitcoin are becoming the currency of choice for many existing and new online casinos. Additionally, players are always looking for casinos that offer convenience of play, and safety.
Plus, it all comes down to what’s best for business. If casinos know what players want, why wouldn’t they give it to them? Crypto casinos have pioneered convenient, safe, and anonymous gambling – giving players more control over how they experience their entertainment online. It’s only natural that casinos that want to draw the maximum number of players would follow suit.
So – is crypto the next logical step for online casinos? We think so, and we know that many casino players agree.
If you’re not part of the movement, join today – and get a brilliant BTC bonus while you’re at it. Sign up here.
