Please enter CoinGecko Free Api Key to get this plugin works.

Bitcoin Gambling Sites: How Safe They Are?

Bitcoin Gambling Sites: How Safe They Are?

Safety is the first thing that players worry about and demand when joining casino entertainment. The main reason is that when it comes to gambling, the risk losing their money is rather high; so, it is important for gamblers to be sure about a high level of transaction protection. Therefore, today, all top-rated casinos try to implement the latest innovations like modern encrypted software or bitcoin payment system to assure protective gambling on their online platforms. 

Furthermore, the most important factor you should take into account if you want to protect your personal data and finances is the availability of an official license. Licensed gambling platforms are regulated by competent authorities, and they provide their businesses in accordance with established standards and norms. So, there is no chance to deal with fraud when you choose a licensed online casino. 

There is a list of the top 3 online gambling sites that provide legal gaming activities and guarantee transparent services:

Besides the ensured safety of your money and personal information, these online casinos have other attractive peculiarities. Thus, top-rated gambling sites offer:

  • A wide choice of casino games (slots, card games, etc.)
  • User-friendly interface and intuitive site menu
  • Stable multi-language customer support 
  • Convenient payment systems (accelerated and transparent transactions)
  • A great system of promos and bonuses (complimentary, deposit, no-deposit benefits)
  • Cooperation with the best game providers (Absolute Live Gaming, BGaming, EGT, Endorphina, Evolution, Evoplay Entertainment, etc.) 

In addition, the leading casinos ­ Cleopatra, Bitcoin, and Kingdom ­ are those platforms that update their businesses and implement the latest innovations on a regular basis. So, the increased popularity of cryptocurrency did not pass by them. 

Due to the availability of official licenses, these top-rated gaming platforms can guarantee the use of bitcoin and other digital currencies as finances for betting. 

Therefore, nowadays, it is possible to use the following cryptocurrencies while playing casino rounds: BTC, BCH, LTC, ETH, DOGE, USDT, etc.

The Peculiarities of the Use of Bitcoin for Online Gambling

In recent years, more and more online gaming centers implement digital currencies, especially BTC, in their payment systems. This trend is caused by the increased interest of gamesters all over the world in the cryptocurrency field. In addition, nowadays, there are a lot of gamers who own a certain amount of digital money and prefer to pay with it. 

There is a list of the main advantages of the use of bitcoin for online gambling:

  • Ensured confidentiality 
  • Impossibility of the account blocking 
  • Playing at the lowest stakes 
  • High competition on the gambling market 
  • Volatility of bitcoin 
  • Assured access to the gaming platform 

Ensured confidentiality

When a player uses cryptocurrency, he or she can stay completely anonymous during casino rounds. The majority of traditional online casinos require personal information from users to register them and create an account. However, if you sign up for a crypto casino, it not necessary to indicate your real name, address, contacts, etc. 

Impossibility of the account blocking

The main disadvantage of traditional casinos is the possibility of account blocking. At the slightest suspicion of fraud, the casino security service can delete your personal account without the possibility of recovery.

In crypto games, the sources of your and opponents’ funds are not verified, which means that the risk of account closing is minimal.  

Playing at the lowest stakes

If you do not chase after a big win and just want to entertain yourself with your favorite rounds, betting with BTC is a great option for you. When you use digital money for rating, you have a chance to make really low bets but still receive access to the entire collection of games.

In addition, this peculiarity is useful for newbies in gambling. They can make low stakes with BTC during the process of familiarizing themselves with the new interface and game rules. 

High competition on the gambling market

Crypto casino start-up does not demand a lot of expenses and effort. So, there is a wide choice of platforms on the market. Due to high competition, all crypto casinos try to improve their services on a regular basis. Casino owners develop interfaces and software systems, accelerates transactions, add new games to their collections, etc.

Volatility of bitcoin

The specific of bitcoin is the constant raise of its value. Over the past three years, it has risen in price by more than ten times. So, players have a great motivation to open an account and top up it with BTC. 

Assured access to the gaming platform

The use of BTC is a chance to join the gambling industry for those players who live in regions where online gaming business is forbidden. Such gamers cannot play with real money. The only solution is the use of digital currency. It assures the security of your money and personal data.