Bitcoin is the oldest cryptocurrency. It is known as the most secured cryptocurrency. Because of its increasing value, mining as well as trading of bitcoin has increased in past few years. The popularity of Bitcoin is so much that now there are number of online sites where player can play normal Bitcoin games as well as bitcoin casino games. Bitcoin Casino games are online casino which use Bitcoin as their currency. There are number of reasons because of which the sites like bitcoingames.com, uses Bitcoin as currency or rewards. Some of the benefits for using this decentralized currency are as follow:
Bitcoin dealings are anonymous; this means the identity of the user of Bitcoin is not revealed. This is very beneficial in case of gambling sites. Though many people gamble only for fun, still the image of individual as a gambler is not accepted by the society. It is always taken in negative sense. Hence Bitcoin anonymity helps gamblers in having fun without being judged by the society.
Bitcoin are considered as most secured form of cyptocurrency. The security measures like strong passwords protecting the private keys, various advance level of security checks make this currency safe and secure form of digital cash. In case of any online dealings the major risk is of getting hacked. Hence in case if any gambling sites get hacked then using Bitcoin in comparison to other currency is safer.
The transaction fee of Bitcoin is very les as compare to payments via credit card or bank transfer. The lesser transaction fee is beneficial for both gambling site as well as gamblers. Lesser fees mean lesser deduction in winning amounts.
Most of the bitcoin transaction gets completed within few minutes, whereas other might take few hours. Hence the Bitcoin Transactions are very fast as compare to other modes. With Bitcoin gambler can add funds into his account or even withdraw the winning amount instantly (max in 1 day).
Bitcoin is online cash, which is created online and for online usage.