Bitcoin has several unique properties that makes it a particularly attractive currency for online casino gamblers. Firstly, when you’re transacting in Bitcoin, you’re not giving out your sensitive banking details to the casino – an important concern for those who value their privacy and security. Without the relevant key to unlock the transaction, Bitcoin trades are entirely secure, recorded in the distributed ledger and reflected within the e-wallets of both the sender and receiver.

Secondly, Bitcoin remains a currency that isn’t widely accepted, and obviously it can only be spent online, or converted to a local base currency to withdraw the funds. This makes it a good option for online casino gambling – by being able to load in Bitcoin to your gaming account, you’ve got another option for using these funds denominated in Bitcoin, without the need to actually convert the currency through an exchange.

As Bitcoin becomes more widely accepted, both at online casinos and retailers more broadly, it will become even more useful for casinos and players alike. At the moment, the uncertainty and relatively niche nature of Bitcoin means it still remains some way off being a default payment method – though the signs for future uptake already look promising.

Ref:newsbtc