Bitcoins have become an incredibly popular cryptocurrency and many smart investors have entered the market within the last year. While many people are still new to the phenomenon, this worldwide system of payment has been around for just over 10 years. While you can use Bitcoins to pay for a wide range of things, those who love to play online slots have welcomed online casino’s move towards supporting this method for casino transactions.
Playing slots online is an extremely popular past time, and a wonderful way to relax. With the surge in smartphone technology, you can now land big jackpots on-the-go. Now, Canadian players can use their Bitcoins to take full advantage of all the incredible slots out there – both on their mobile device and on the web.
Bitcoin is all about convenience, and its really easy to get started. The first step is to create your online wallet – there are several providers to choose from, so you may need to do a little homework first.
However, many online gamers agree that this is a safer way of gambling online since only a few details are needed and you don’t need to submit personal information or card details. The transactions are fast and hassle-free, and you can enjoy a wide range of slots and some table games like roulette and blackjack within seconds of making a transaction.
There are already dedicated Bitcoin casinos around the world, some offering exciting incentives to players who prefer to use this method.
When you play with Bitcoin, you don’t have to incur limits or maximum deposit restrictions, and it’s a really easy method of topping up your account – something that increased its appeal last year.
Interestingly, in 2016, $46.86 billion was wagered with Bitcoins, and total that continues to rise. Between the years of 2014 and 2017, in the region of 337 bets were placed every second with approximately 3.09 BTC wagered each minute.
More and more online casinos are incentivising Bitcoin players to open a new player account. There’s next to no administrative work involved as you only need to create a username and password and start playing.
Conversely, when you use an e-wallet or credit card, it can take as long as a week to process your withdrawals. With Bitcoin, you can access your winnings immediately. This is just another reason the cryptocurrency is attracting players from all corners of the world.
Bitcoin casinos are rapidly rising in popularity, with many traditional sites expanding their offering to include cryptocurrency players. The anonymity along with the hassle-free nature of using your Bitcoin to play online slots and other games is ideal for players with busy lives who want to enjoy online gaming on the move.
This alternative payment method is set to continue rising as online casinos embrace new generations of dedicated players.