5 Reasons Why Bitcoin Casinos Will Rule Online Gaming

Online gaming has been around since the mid-1990s, when Microgaming developed the very first online casino. Since that time, iGaming has gone through so many developments that it seems like a settled industry. Nevertheless, there are still plenty of developments to be made, and we're not just talking about virtual reality. Bitcoin casinos, which are here now, could very well be the catalyst that helps online gaming take the next step. So how can a cryptocurrency be so important in iGaming? Find out below as we cover 5 reasons why Bitcoin casinos will rule the industry.

1. Bitcoin Has No Processing Fees

When's the last time that anybody was thrilled to pay a transaction fee? Never, but this is an unfortunate side effect of casino transactions made by bank transfer, MasterCard, Visa, Neteller, PayPal, and other services. Even if this fee is only $5 to $10, it's still annoying to pay anything when you're just trying to cash out money. This is where bitcoins are great because you don't deal with any payment services and processing fees. Bitcoin is used on a public network, meaning you aren't charged when cashing out money.

2. Speed of Transactions

As if not paying fees on your casino transactions isn't sweet enough, you can also look forward to speedier transactions. This goes hand in hand with the lack of fees because there's no third party holding up your withdrawals before they hit your bank account. Instead, when you cash out money, it's in your account shortly thereafter. Contrast this to some of the services that we mentioned above - PayPal, bank wires, Neteller - where somebody verifies the transaction before it goes into your account, which could take days.

3. Bitcoin Casinos Are Private

Many of the advantages related to Bitcoin come from the fact that there's no third party involved, such as a central government, bank, or payment processor. Again, Bitcoin works through a public ledger rather than one controlled by corporate entities or government watchdogs. This means that you don't have to worry about your online casino transactions being scrutinized by a third set of eyes. Additionally, your credit rating won't be reduced because Visa or MasterCard sees that you're making multiple iGaming transactions every month.

4. Bitcoin Casinos Offer Quality Games

As mentioned before, online gaming has been around since the mid-90s. The same slots from this era aren't around today, but you'll see some games from the early-to-mid 2000s still around. Certain players like these classic games because they're simple and easy to play. But if you're in the vast majority, then you want to try the latest online slots and specialty games. This is what's great about Bitcoin because most casinos that accept this currency offer lots of new slots. So if you're able to deposit with Bitcoin at a casino, then you can be sure that they have some very good games.

5. You can Get Bitcoin Casino Bonuses

Yet one more aspect to love about Bitcoin gaming is that you'll earn special bonuses. The same rule where you don't have to pay transaction fees also applies to casinos, given that they don't get charged by processors as well. Obviously this is good for them, so they offer deposit bonuses, free slots spins, and more to coax you into using this cryptocurrency. Given all of the benefits that we've discussed above, special bonuses are just another perk to making deposits and withdrawals with Bitcoin.