Bitcoins are an extremely popular cryptocurrency and many savvy investors have entered the market during the last twelve months. Whilst many people may be new to the relatively recent phenomenon, this worldwide payment system has been around since 2009. Whilst Bitcoins can be used to pay for many web-based products, online gambling has welcomed users who wish to use this method for quite some time and there are a number of specialist casinos and sports betting sites who now actively encourage their customers to make transactions using this process.
Players around the globe are accepted by Bitcoin casinos with some operators offering additional incentives to customers who opt for this method. There are no limits or maximum deposit restrictions using Bitcoin and it’s a player-friendly method of topping up accounts, which exponentially increased its appeal in 2017. In 2016, the equivalent of $46.86 billion was wagered using Bitcoins and that total has steadily risen ever since. Between 2014 and April 2017, the equivalent of 337 bets were placed per second with around 3.09 BTC wagered every minute.
Using Bitcoin at an Online Casino
It’s easy to get started with many new users joining the Bitcoin revolution each and every day. Creating an online wallet is the first step and there are a number of different providers to choose from. Many casino customers feel this is a safer way of gambling online as very few details are required and there is no need to submit any card details or personal information, which could be at risk of being stolen. Transactions are quick and hassle-free and players can enjoy a range of slots or even traditional table games such as blackjack and roulette within seconds of completing the transaction.
Online casinos are encouraging Bitcoin users to sign-up as there is little administrative work required for them as customers only require a username and password to begin playing. Using traditional money (via a credit card or e-wallet) can take up to a week to process withdrawals but Bitcoin users can access their winnings straight away and this is yet another reason why the currency is attracting players from all around the world.
Playing the slots is extremely popular and can often be a terrific way to relax and unwind. With the increase of smartphone technology, it is also possible to land big jackpots whilst on the move. Those who are new to the world of online slots and wish to get spinning can take advantage of one of the many generous welcome bonuses which are detailed for Canadian users at online-slots.ca, a list which includes some of the best online casinos for online slots that welcome Bitcoin players.
Bitcoin only casinos are increasing in popularity whilst many of the traditional sites have expanded their offering to welcome those who wish to fund their accounts using this increasingly-favoured cryptocurrency. The anonymity and hassle-free nature of paying with Bitcoin is perfect for players who are leading busy lives and wish to play the slots on the bus home or during a precious few minutes of quiet time. This alternative payment system shows no signs of slowing down as online gambling companies embrace a new generation of players.