Bitcoin casinos are becoming popular in the US. But you might be wondering what the commotion is all about. Why would you use crypto for casino deposits when Visa and MasterCard work just fine?
Surprisingly, there are many valid reasons for the growth of Bitcoin casinos in the US. First, there’s the increased legalization of mobile betting across the country. Then, there are these benefits unique to crypto casinos:
Bitcoin’s Growing Adoption Rate
Bitcoin might be experiencing a price correction—it has fallen from a high of $69,000 in 2021 to $26,000 at the time of writing. Still, Americans are buying crypto in large numbers.
At least 10M Americans own Bitcoin or a different cryptocurrency. Some of these investors love to spend their funds on the things they love. Casino gaming provides an excellent channel for spending this money.
As we’ve already mentioned, it’s easier to find an online casino in some states. However, you can always use an offshore betting site if you live in a jurisdiction that’s yet to legalize iGaming.
Just do enough research to find the best Bitcoin casinos in the US. Consider factors like safety, bonuses and reputation when choosing a gaming site.
Generous Bonus Offers
The best Bitcoin casinos in the US shower new players with generous bonuses. Some of them give you free spins to play slots immediately after you create a new account.
Most sites wait until you make your first deposit to reveal their generous offerings. At some casinos, you can receive up to 5BTC as a welcome reward. And if you remain loyal to the site, you could qualify for rewards weekly.
Although Bitcoin casinos are magnanimous with gifts, not every promotion is worth claiming. If you’re looking for crypto bonuses, consider a few important factors.
Check the wager requirements. If they exceed 40x your bonus amount, you’ll have a difficult time completing this condition. Look at the maximum you can withdraw, game weighting rules, and the validity times. If you don’t like any of the terms, find a different bonus.
Bitcoin is a decentralized payment method. It allows you to transact with casinos in a peer-to-peer way. This means there’s no intermediary to stop you from using an offshore casino in Curacao while you’re in Minnesota or Hawaii.
Most conventional payment methods have geographical limitations. You can’t use GPay in certain countries. You may use PayPal in many countries. But it only supports major currencies.
Bitcoin allows you to deposit money in just about any online casino without worrying about geographical or currency restrictions. Against that backdrop, most crypto-betting sites accept customers from all over the world.
For clarity, you need to verify that a casino accepts players from the US before you sign up for an account. Some sites have licenses that limit their areas of operation. For example, casinos licensed in the UK accept UK citizens only.
Every casino player loves a site with quick deposits and withdrawals. Bitcoin provides relatively fast payments. And that’s not all. It has cost and payment limit benefits that make it superior to its competitors.
Let’s start with speed. The standard Bitcoin payment takes 10 minutes to complete. This is fast but slower than most e-wallets and card companies. So, why choose crypto?
It provides quick withdrawals. If you cash out your money using Visa or MasterCard, you should expect to receive it within three days. Crypto processes payments within minutes.
Then there’s the low-fee advantage. You could send up to $1M worth of Bitcoin and pay less than $10. No other payment option has lower fees, especially when dealing with large amounts of money.
Support for Alternative Coins
A Bitcoin casino is a bit of a misnomer. Most gambling sites that accept Bitcoin also support Ethereum, Litecoin, Bitcoin Cash, and a few more coins. Expectedly, the crypto casino space has been growing as these sites support more coins.
Truth be told, Bitcoin isn’t flawless. It might be the most popular cryptocurrency in the world. But it’s slower and more expensive than most altcoins. As a result, some people would rather gamble with Ethereum or USDT than BTC.
Using altcoins can save you more money in payment costs. It can help you transact faster. And if you like to gamble privately, you’re better off using privacy-oriented coins like Monero or ZCash.
Crypto Casino Games
Bitcoin’s Blockchain is one of the cryptocurrency’s bestselling points. It’s a distributed ledger of records that stores data transparently albeit permanently.
Ethereum’s blockchain offers a lot more benefits than most platforms. It allows developers to create decentralized apps (dApps). Decentralized apps operate through smart contracts, meaning you don’t need to trust your business partner to complete a transaction.
Beyond creating apps, developers can also create provably fair slots and table games. When you play these games, you can check the seed algorithm used to determine whether you’ve won or lost.
These games are not as popular as conventional slots. But if you want to be one of the first people to try out 100% fair casino games, join a crypto casino.
Security and Privacy
During the early days of Bitcoin, most people thought it provided anonymous payments. People who used this coin to commit financial fraud learned the truth the hard way after they were apprehended.
Bitcoin provides pseudo-anonymous payments. This means you don’t need to reveal your email address or name. However, your payments can still be traced back to you.
That being said, crypto offers secure transactions. No one can hack your funds unless you store them in an unsafe wallet. Because it does not reveal your personal information, Bitcoin provides a fair degree of privacy.
As mentioned, though, you can always use privacy coins to bet anonymously. The coins include Monero and ZCash.
People buy crypto for different reasons. Many Americans are buying Bitcoin to use it for casino payments. Crypto offers great speed, low fees, and tight security, after all.
If you want to have a delightful betting experience, choose crypto casinos that support your favorite altcoins. Also, ensure they run bonus promotions and feature a wide variety of crypto games.