Bitcoins are a digital currency that are not only secure but also trustworthy. The perfect payment system for online casinos. Therefore, when depositing into online casinos using this method, the recipient will not be able to view any account details. Also due to the simple handling the payment method Bitcoin has become a very popular means of payment and thus understandably a big trend.
With some good casino providers, the payment method can be selected, but not with all operators. The following article reveals why Bitcoin casinos with games like KENO (see https://www.bestbitcoinpoker.org/KENO/) have become an absolute trend and what advantages they offer.
The advantages of Bitcoin payments
- According to Casinobtc.org, the main advantage of Bitcoin payments is that they are extremely secure, since they meet the highest security standards and thus virtually exclude manipulation and data espionage.
- For this reason, you don’t really have to worry about making a deposit at Bitcoin Casino. In principle, no account details are transferred with Bitcoin payments, so your own data is protected.
How does depositing at Bitcoin Casinos work?
It can happen that an online casino with a Bitcoin payment option charges special fees, which are usually borne by the recipient. For this reason, additional costs may be incurred for pending withdrawals. In properly managed online casinos, however, this is always displayed in the payout overview, so that each player can keep a transparent overview of the costs incurred.
In some cases, the payout fees for the players are even paid by the providers. For this purpose, all information can be found in the general terms and conditions of the casino operator even before a planned account opening. Regarding the deposit the system works usually always in the same way. First of all, you create a personal player account in order to be able to use real money at all. For verification reasons (including compliance with the Money Laundering Act), personal details such as name and address must be entered in such a form. Once this has been done, you will usually receive a welcome e-mail, which must first be confirmed.
After logging in, you can then enter the desired deposit amount in Bitcoin in the cashier area. In most cases, the desired amount is also visible directly in the cashier area of the player account after a new confirmation. The games can then be selected and gambling can begin at Bitcoin Casino.
What are the advantages and disadvantages of Bitcoin casinos?
In principle, casinos with Bitcoin as a payment method have some advantages, but also one or two disadvantages. Probably the biggest advantage is the fact that every player can deposit anonymously and quickly. In addition, there are no chargebacks and no problems with taxes. Since the money already arrives directly at the online casino, you can start playing immediately.
Playing in a Bitcoin casino is also not illegal. However, Bitcoin casinos have a catch: Since regulation is very difficult, a Bitcoin casino can possibly also be operated without an official gambling license. So if the decision is made to use the wrong provider, the money may be gone with a lot of bad luck.
Payouts with Bitcoins
Even payouts with Bitcoins always work fast and unproblematic. However, before the first payout can be made, serious online casinos require proof of identification simply because of the protection against money laundering. Only then is a payout possible.