Why You Should Embrace Bitcoin Gambling - Pros & Cons
Updated: Dec 9, 2020
It is rather obvious that crypto gambling is the new frontier for online gambling. There are several advantages associated with the use of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), or Tether (USDT) for gambling:
1) Privacy - Crypto gambling transactions are registered a decentralized ledger, that Is called Blockchain. As the name itself suggests, the Blockchain is a set of digital blocks, chained altogether, where every digital transaction is booked. Once a block is full, it is chained with the previous block, and another one is created. The Blockchain is capable of defending the privacy of Bitcoin users because it is kept in a decentralized fashion, this meaning that nobody has full control of all the ledgers used to support crypto payments. No government, central bank, or crypto exchange can control all the transactions occurring in the Blockchain and this is the main reason why Bitcoin users' privacy is well safeguarded. If your gambling winnings are subject to absurd taxation or to unfair disclosure requirements, Bitcoin might be the best solution for you. If your bank prevents you from cashing in your wagered money or gambling deposit, you can still withdraw your funds via Bitcoin.
2) Low fees - Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Tether (USDT) enable people to carry out international transactions instantly (the beneficiary will only wait a few hours to receive digital money) and economically. The average cost of executing a Bitcoin transaction is far lower than bank fees connected to international wire transfers via the SWIFT channel. While bank fees usually amount to 0.50% of the bank wire, crypto wallets usually apply transfer charges of just 0.01% - 0.02% per Bitcoin transfer order. Unlike traditional online casinos and bookmakers located in heavily-regulated countries, online crypto casinos and sportsbooks do not apply any fees whatsoever if you withdraw your gambling deposit in Bitcoin.
3) Investment opportunity - The coronavirus pandemic has taken a major toll on global financial markets. Central banks around the world are printing money to fund ballooning governments' expenditures and the intrinsic value of fiat currencies is increasingly being questioned. Just a few weeks ago, the New York Times has highlighted a major change in the nature of the average crypto coin investor. While in the past the market of digital currencies was populated by fanatics and speculators, now the stage is dominated by financial institutions, investments funds, and pension funds. Definitely, Bitcoin is the new gold! A picture paints a thousand words, so it is sufficient to have a look at the past performance of Bitcoin over the last few years to conclude that Bitcoin will be the reserve currency of the future!
The only thing that is holding back Bitcoin and other crypto currencies from exploding is the fact that it is not widely accepted yet. But even though you cannot spend your cryptos at the local grocery store, it is quite easy to use them at online bookmakers and casinos. You can easily buy and sell Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Tether (USDT) at major crypto exchanges like CEX.IO, Kraken, or Coinbase. Once you purchase your desired amount of crypto coins, the only thing remaining is to transfer them to your online casino or sportsbook of choice to fund your gambling deposit.
Making transactions with Bitcoin is easy, safe, and cheap. On top of that, online crypto casinos and sportsbooks achieve incredible operating efficiencies that are partly passed on to crypto gamblers. Crypto casinos and sportsbooks offer the most exciting casino and sportsbook promotions that you can find today in the international online gambling market. Discover further advantages associated with crypto gambling at BadCoGaming.com and click on BEST CRYPTO CASINOS or on BEST CRYPTO SPORTSBOOKS to discover the best ways you can follow to increase your chances to win big!