I am sure players remember how tough it was to fund their casino accounts. Due to the banking regulations and other forms of payment such as credit cards not being fully accepted, it wasn't until Bitcoin became the world's established and most trusted banking method that casino betting with Bitcoins became the mainstay in the US and abroad.
Why Using Casino Betting with Bitcoins is Advantageous to Players
As one source stated, "Bitcoin is one of the safest payment methods around. There is no connection to personal names, banks, bank accounts, or other private information that could lead back to your identity or allow someone to exploit the data for their purposes." Bitcoin casino transactions are untraceable and completely secure, making them one of the best ways to pay for real money gaming accounts or to withdraw funds, no matter if you are playing on the web or via a mobile device. Another benefit of using Bitcoins at online casinos is that there has been an uptick in promotions for the sole purpose of using Bitcoins as a payment method. Some casinos are giving players extraordinary bonuses when they make their first deposits using Bitcoins.
Did You Know: If you keep your Bitcoin earnings in Bitcoin and do not convert them to cash, they will not be taxed. This is because no authority can tax Bitcoins.
Anonymous is the Word when utilizing Bitcoins
Bitcoin is one of the best ways to remain anonymous online and keep your banking methods completely private. This is a key factor as to why so many online players are using Bitcoins. No personal details are required to either open a casino account or to withdraw funds. Thus, privacy is the ultimate result because every transaction cannot be traced back to players. Also, players will find that using Bitcoins to fund casino accounts is fast, that is, the process takes 15 minutes compared to other forms of payment. On the other hand, withdrawals may take days while Bitcoin withdrawals take minutes.
Enjoy Casino Betting with Bitcoins
The next time you are looking to join a casino without having to use credit cards or other banking methods that, especially in the US are denied or made more difficult, use Bitcoins instead.