Since bitcoins came along in 2009, there has been much debate in all quarters about their legality, and safety. In more recent times, the use of bitcoins in casinos has become a lot more commonplace. In fact, many of the top casinos now offer you the possibility of playing and wagering using bitcoins. There are even bitcoin-only accepting casino sites out there. With so many casinos offering bitcoins, surely they are safe to use? The answer is not as clear cut as that, and here is why, as well as some of the other perks and disadvantages of using bitcoins when playing at online casinos.
Not necessarily the future
Some casinos swear by them, and say that bitcoins are the future of the online casino world. That …show more content…
This does, of course, make playing with bitcoin very safe. Bitcoins are also rather nifty because they bypass fees. There are no fees or transaction delays with bitcoins, so you can always get hold of your money fast, and free of charge. It is also worth mentioning that they offer a certain degree of anonymity, so that you can claim your wins in secret, and withdraw them in private. This is especially handy if you happen to playing at a casino which you are not supposed to be playing at, such as a gambler playing online at an offshore site when their own country forbids online gambling.
Disadvantages of bitcoin casinos
One of the main disadvantages of playing with bitcoins is that the value of them constantly changes. You may think that your winnings and withdrawals are much better than what you put in, but that may or may not be the case depending on the value of bitcoins at the time you withdraw. Aside from the obvious (scam sites), this seems to be the only real drawback with bitcoins. The value of bitcoins can plummet rather rapidly with the changing world, and that can have an adverse effect on your gaming.
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