Bitcoin online casinos are the trend of 2021. The format is likely to become a real headliner for the gambling industry in 2022. Almost all the online casinos already offer each player a certain free service, various bonuses, games of several types, the ability to place bets on credit, and trial-free spins.
The growing popularity of online casinos has already provoked an exponential surge in interest in cryptocurrencies as the main means of payment. More often, the casino accepts BTC, ETH, XRP, USDT, ADA, but there are also more exotic options.
There are a lot of main reasons why spinning of the virtual roulette or the bet is paid with cryptocurrency. We will further discuss BTC casinos as the main crypto gambling type in Asia (known as BTC カジノ), Europe, etc. in more detail, and for now, we will name the main advantages like security, anonymity, the ability to play on the difference in rates, special conditions that depend on each casino.
Advantages of Bitcoin Online Casino
This crypto format of gambling sites has many advantages over traditional online casinos. The use of BTC allows not only to “stay in trend”, but also to conduct business effectively, reducing the inevitable risks to acceptable values.
The actual advantages of a bitcoin online casino are:
- Significant expansion of the audience. It is explained by the growing popularity of BTC, especially in Asia (Thailand, Japan, Singapore).
- Really high transaction speed. Bank transfers can take a few hours or even days. And if a financial institution has doubts about the legality of the payment, the player can be left without money at all. The transfer of all monetary transactions to crypto rails removes all the problems.
- Total casino security. Hacking a bank account is really difficult, but possible. Crypto wallets and transactions are an absolutely different level of safety. It is impossible to hack them, which is why bitcoin online casinos remain an island of comfort in the hectic world of modern gaming. Their advantages will be received by both ordinary players and businesses.
- Complete anonymity. Strictly speaking, cryptocurrency transactions do not provide it. But compared to traditional fiat transactions, the difference is huge. BTC casinos online provide almost complete anonymity with a much higher level of player comfort.
- Savings on bank fees. A traditional bank takes a percentage of each transfer. In the cryptocurrency world, any transactions are free (with big reservations – ed.). So players will be able to save money on transfers. For a casino, due to its specificity, this criterion is not particularly important, but the fact itself is certainly pleasing.
- Simplified registration. In order to register at a casino, a player only needs to keep a cryptocurrency wallet number. Verification procedures, KYC, AML are not applied, so online casinos are becoming more and more popular.
- Minimum rates. Traditional casinos limit the minimum bet, and the more solid the establishment, the higher it is. Bitcoin online casinos do not restrict the player, so the bet can be anything.
- Maximum simplicity. A visit to a regular casino is a waste of time, an unusual atmosphere, a lot of audiences, and constant, albeit muffled, noise. The player must allocate enough time, which is not always possible in modern realities. Bitcoin online casinos are a completely different matter. You can relax at the virtual card table anytime and anywhere. In the park, in line, on a long trip, at home.
Trends in 2021
The Bitcoin online casino industry is rapidly transforming, so making predictions, especially for business, is extremely difficult. But we still identified several likely trends that emerged in 2020, while retaining their impact on the future. Probably, we should expect the formation of new trends, but the basic trends are likely to remain.
What to expect in 2021:
- The growing popularity of mobile gaming. Players increasingly prefer smartphones/tablets rather than PCs, since their power and usability are constantly growing. Many electronic wallets for managing bitcoins speak in favor of this version, as well as the reorientation of developers to mobile platforms. We are not ready to argue that players will start leaving PC/MAC en masse, but the general vector of gambling has become clear, especially crypto one.
- Bitcoin online casino. In this case, we do not mean the very possibility of paying with BTC, but the complete transfer of the casino to cryptocurrency rails. If regulators do not actively discourage innovation, the business is likely to transform to a “Bitcoin only” formula instead of the current “fiat+cryptocurrency” scheme. Fortunately, ordinary casino players will be glad to have the opportunity to “go into the shadows” (the anonymity of bitcoin is much higher than traditional money have).
- Active implementation of virtual reality technologies into real life. Most of all they are in demand in the sector of traditional PC games/high-power consoles. However, it has been noticed that players who have “tasted” 3D are beginning to look closely at bitcoin online casinos that provide a similar format of presence. Will businesses accept new technologies? Given the high competitiveness and global trends, the answer to this question is likely to be positive.
- General growth in the popularity of esports. It is explained by the availability of powerful, inexpensive smartphones/tablets so that players can use casino services without significant financial investments in equipment. And this applies not only to bitcoin online casinos but also to traditional sports betting. All this will affect the gaming business in the most favorable way.
Conclusion
It is important to understand that a bitcoin casino is any platform that supports depositing and withdrawing funds in BTC (usually in addition to standard currencies), and a blockchain casino is a platform that uses distributed ledger technology in its games, thus the honesty of the casino is 100% guaranteed and verifiable.
In the bitcoin casino, users get the same things as in a regular or online casino, the only difference is that a bitcoin casino provides additional protection for the user’s identity and does not ask for information about the bank account. While using Bitcoin or other cryptocurrencies, these casinos do not need to access personal banking information, protecting users from malicious attacks and providing an additional layer of security.