What Benefits Does Bitcoin Bring to Gaming?

Bitcoin

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Cryptocurrency is now more widely accepted than ever on today’s most trusted iGaming sites and is growing in popularity as a way for players to process their deposits and withdrawals.

On this page, we will be taking a closer look at some of the main benefits of using cryptocurrency online at fully regulated online sports betting casino sites like the official 10bet.com website.

What are the three main benefits of using cryptocurrencies like Bitcoin on today’s best iGaming sites?

There are numerous benefits of using cryptocurrencies like Bitcoin on iGaming sites, but the three most significant benefits are the following:

  1. Anonymous play – due to the decentralised nature of blockchain technology and crypto payments, there’s complete anonymity.

  2. Faster transactions – cryptocurrency deposits and withdrawals are much quicker than the average processing times of traditional payment methods.

  3. Enhanced security – higher levels of encryption are used to protect transactions, making them almost unhackable.

When making payments with cryptocurrency across secure blockchain networks, they don’t require any credit or debit card information or any other personal information, which means there is never any risk of a sensitive data breach.

Players are never waiting around for deposits or withdrawals to be processed because transactions are generally processed in the blink of an eye. Also, crypto/blockchain transactions are far more efficient than traditional payment methods.

There’s never any interference from central government authorities, meaning your payments and transaction history are untraceable, which increases anonymity. In other words, your online privacy and anonymity are guaranteed at crypto-accepting online casinos like 10bet.com.

There’s also the fact that crypto players have access to a guaranteed welcome bonus when they open a new account. For example, the All-Star Welcome Bonus for new players on 10bet is a 100% match bonus worth up to the value of $1,000.

Crypto players can also look forward to plenty of other rewarding ongoing bonuses and promotional offers after taking full advantage of their initial sign-up bonus. One such example is the 10% crypto cashback bonus, which is worth up to a whopping $500 each week for all crypto users.

Finally, there’s the social aspect of crypto live dealer casinos. Today, players can communicate with live dealers in real time by sending them messages using the interactive in-game chat messaging feature. If the dealers see your messages, they will respond to you down the camera.

You can also send and receive messages to and from any other active players who are playing the same live dealer game as you, not just the dealers, making the online casino experience more immersive than ever.

What other benefits are there when using cryptocurrency?

When you sign up to a crypto casino, you will have access to thousands of the world’s best computer-generated online slot machines, crash games, table & card games, instant win games/scratchies, arcade games, and state-of-the-art live dealer games.

Today’s best Bitcoin casino live dealer games are the next best thing to playing at land-based casinos, and today’s most popular games you can play right now are brought to you by a handful of market-leading software providers, including Evolution Gaming, Pragmatic Play, Skywind Group, BetGamesTV, and OneTouch. 

You can also generally find a range of provably fair games where players can independently verify the outcomes.

Bitcoin casinos are now more popular than ever because they are safer, have more games, and process quicker transactions.

Also, the fees, if any, attached to the transactions are extremely low compared to some of the fees attached to certain other traditional online payment methods.

The games you can play on crypto-accepting casino sites like 10bet are known for having above-average Return to Player (RTP) percentage payout rates, and the progressive jackpots are now bigger than ever.

Which cryptocurrencies does 10bet accept in 2024?

Apart from Visa and Mastercard credit and debit cards, Trustly bank transfers, Neteller and Skrill eWallets, and the Paysafecard prepaid card, this world-class iGaming site also now welcomes several legitimate cryptocurrencies, including Bitcoin (BTC), Tron (TRX), ripple (XRP), Litecoin (LTC), Tether (USDT), and Ethereum (ETH).

The important thing to remember is that to deposit on this website and then play any of their real money games using your preferred cryptocurrency balance, you must be at least 18 years old (in most countries).

However, in some regions, the legal minimum age required to play at online sports betting casinos might be 19 or 21.

For example, in certain states in America, such as Delaware, Nevada, New Jersey, Connecticut, Pennsylvania, and Michigan, it’s 21 (although the federal minimum age requirement is, in fact, 18). In the Canadian provinces, it’s 19.

Final note

There are many other benefits of playing at crypto casinos and using Bitcoin or any other cryptocurrency as your preferred payment, and they will only get more secure as we move further into the future.

The true benefits of Bitcoin in gaming and blockchain technology have yet to be fully realised. It will continue to shape the future of the iGaming and gaming industries, and only time will tell how they both might evolve. 

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Disclaimer: Any financial and crypto market information given on Analytics Insight are sponsored articles, written for informational purpose only and is not an investment advice. The readers are further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Conduct your own research by contacting financial experts before making any investment decisions. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Analytics Insight of being absolved from any/ all potential legal action, or enforceable claims. We do not represent nor own any cryptocurrency, any complaints, abuse or concerns with regards to the information provided shall be immediately informed here.

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