For many, the thought of using a virtual currency to gamble online is something straight out of a science fiction film. This is so because we are so accustomed to the idea of paper money being exchanged daily via cash, credit, and debit transactions. While gambling online via traditional currencies is definitely still an option, a superior way to play your favorite casino games online has been developed. Bitcoin gambling is far and away the fastest growing segment of the online gambling industry. Though it was only formed a few years ago, the currently existing Bitcoin casinos utilize the years of experience attained by traditional online casinos and use that experience to offer you a top-class online gambling experience. In essence, many of the online casinos which utilize Bitcoin are of the same quality as those who only accept deposits via USD, EUR, GBP, or any other fiat currency.
Bitcoin Gambling History
The history of playing at online casinos that accept Bitcoin deposits is not a very long one, seeing as bitcoins were only beginning to be used in 2009. Still, shortly after the idea of cryptocurrencies began catching on, so too did the idea of gambling with them online. You see, Bitcoin transactions are 100% safeguarded as being anonymous, so people who may be gambling in jurisdictions where online gambling is not necessarily legal saw an immediate benefit from the use of bitcoins. By mid-2010 to early 2011, the first Bitcoin-only casinos began popping up, offering all sorts of casino games for play. As the weeks and months passed, more and more Bitcoin casinos went live, adding to what was already being noticed as a growing segment of the online gambling industry. Nowadays there are quite a few online gaming establishments only accepting bitcoins, and their user base seems to be growing exponentially. It will be interesting to see what the future has in store for this budding, yet popular sect of the online casino industry.
Bitcoin Gambling Today
Though we haven’t advanced too far from when Bitcoin casinos were first founded, plenty of advances have taken place to make the modern day assortment of Bitcoin casinos what they are. One of the biggest advances that has been realized recently is the fact that there now exists a wide variety of games at these relatively new gaming sites. At first, most Bitcoin casinos had only the basics: blackjack, slots, roulette….now, however, you will find Bitcoin casinos with more complex games and even multiplayer games such as Texas Hold’em. Of course, every site is different from the one before it and while one gaming site may have a plethora of gaming options, another may only have one or two. In addition to this, the payout times at most Bitcoin casinos has improved dramatically. In the past, and at traditional online casinos, it could take days at a time in order for your cash out request to be processed. At most Bitcoin casinos, however, cashouts are able to be processed and in your possession in as little as a few minutes. This is one of the biggest reasons behind why people choose to play at Bitcoin casinos, and is a major reason behind why Bitcoin casinos are likely to stay around for some time to come.
Joining Bitcoin Casinos
If you have any experience with online casinos, you are well-aware of the fact that signing up can take as little as a few minutes to anywhere as long as a few hours or longer. In most instances, however, Bitcoin casinos make the sign-up and initial deposit process as simple and pain-free as possible. Because transferring bitcoins does not undergo the same sort of scrutiny as a traditional, debit/credit card deposits, they are able to be executed in their entirety in a matter of seconds. This is just one more reason behind why people are beginning to absolutely fall in love with Bitcoin casinos. As more and more people realize the benefits to choosing a Bitcoin casino over a traditional one, it would come as no surprise to see these new types of casinos become the preferred choice for all online casinogoers