Bitcoin casinos are a relatively new phenomenon, but they
are quickly becoming the preferred venues to gamble online. Why are so many
players switching to Bitcoin?
1. Speed
It's not unusual for a payout from a typical online casino
to take days or weeks. Sometimes payments even lag into months. Often it's not
the casino's fault, as your bank (and theirs) is not meant to handle online
casino transactions. In addition, their payment processors face massive risk of
credit card fraud and are often forced to take draconian precautions with your
money.
Bitcoin payments are practically irreversible after a short
time has passed, so bitcoin casinos can credit your account as soon you've
deposited, and send your winnings to your wallet as soon as you cash out. The
difference is night and day when your large win is in limbo and you're
wondering what happened to it!
2. Anonymity
Bitcoin gives you the option of being completely anonymous
when gambling online. In contrast, be ready to surrender your name, address,
credit card details, and other personal information such as your social
security number(!) when playing elsewhere.
3. Fairness
How can you be sure your game is fair, especially when the
dealer seems to be getting all the good cards? The cryptographic innovations of
Bitcoin has inspired the concept of Provably Fair.
We've written a more detailed explanation on our own
provably fair page, but in short, this system uses cryptographic hashes to let
you digitally "cut" the deck before you play the game, ensuring that
the neither the casino software nor the player knows the order of the deck
ahead at time.
When you're laying it on the line, it's assuring to know
you're getting a fair game.
4. Value
Bitcoin casinos save on credit card fees, and offering
provably fair games mean they don't have to obtain expensive third-party
certifications. Often these savings are passed on to the player in the form of
better odds and more generous promotions or referral programs.
In addition, the lower barrier to entry means more choices
and more innovative games for the player.
5. Transparency
The openness of the block chain influences all businesses
that are built on top of it. Many people believe Bitcoin will usher in a new
era of transparency in business, and bitcoin casinos are no exception.
Millions of bitcoins are wagered each day and this
revolutionary industry will only continue to grow. Thank you for joining us!
BY: http://www.winwsl.com/
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