Online gambling has been the buzz among gamblers for the past several years. The reason behind the constant chat is the instant availability of game sets on such platforms. Even with such positive remarks, gamblers have had issues with the directives issued by some of the central governments regarding levies. The rules imposed on them require every member to pay a certain amount of money to the government once they win a lottery.
In addition to this, banks and other leading finance bodies have made it a point of extorting people who use their services. This is accomplished by charging them high fees whenever they make transactions using their accounts. For this reason, online gamblers have been rejoicing since Bitcoin was introduced in online casinos as a viable payment option. To find out why, read the text below.
- Bonus Galore
Because of the levy and other fees forced on casinos, members are not rewarded as generously by casinos as they would want. With BTC though, betting enthusiasts get to enjoy many gifts. The bonuses awarded to people making bets using Bitcoin are substantial. From cash to spins, bonus rounds, and even the winnings, those players who choose to utilize this cryptocurrency enjoy massive rewards.
The money that would have been pocketed by country leadership is invested in rewarding members. Casinos that have this payment option have an edge when it comes to beating competition, especially if most of their players use this platform. A detailed description of how one can benefit from the free bonus no deposit casino UK and the casinos that have such promotions is available in the link given.
- Bitcoin is perfectly crafted to suit the internet
The internet has made it very convenient for people to play their best sets online. For most wager fanatics, engaging in the money games is what causes them to gamble in online casinos. Using other methods of transferring money can become somewhat tedious. One has to go through a long process of moving cash from the bank to an online platform, and finally to the casino. Even after all that, you will be needed to pay for whatever game you are interested in before you can play.
Using Bitcoin has cut short this long procession of processes. One does not even need to have an account with a casino for them to play. As long as an individual owns a Bitcoin wallet, the only thing that one has to do is:
- Go to a casino
- Select the pay using BTC option
- Make the transaction
- Begin playing.
The internet is a place where things are done fast, and in an instant. This cryptocurrency has made sure that even in gambling, the same principle is applied.
- Makes the Ground Level for all Gamblers
Some country authority bodies have made it practically impossible for their citizens to play in any online casino. For one, the duty cash expected from a casino every end of the month is massive. In addition to that, financial institutions also charge their customers high amounts of money just for using their services.
Such restrictions have led a number online betting sites to restrict players based in specific regions around the world from playing on their websites. However, with Bitcoin in the picture, all these rules do not hold water. This is because no tax laws have been put in place to govern the use of BTC while gambling. People from most parts of the world can play in any online casino without being restricted. For those in countries that have banned the use of this currency, the story is not the same. This site has a detailed list of states that have legalized or illegalized BTC within their territory.
- Zero Tax Policy
A person who makes many bank transactions per day will suffer the pain of parting with a chunk of their money. Also, monthly charges are imposed on every user for choosing to keep their money in any particular bank. Bitcoin has come in handy as players do not need to pay any money for such services. As much a small miners fee will be deducted from payments, it is not as huge as compared to the deductions that would have been made by the banks.
Regulatory bodies for every country also do not benefit from money won using BTC. Players have no obligation to pay taxes to the legislators of their nations if they use the Bitcoin gambling option.
The internet has its ups and downs. Using banking options online can pose a threat to the safety of ones’ account. Not only can hackers breach your bank account and siphon money out of it, but they can also produce fake credit cards and use them to their advantage. However, this is not possible when using cryptocurrencies because:
- Sensitive information is required for a crypto transaction to be authorized
- Only you know your wallet details. So, for a person to steal from you they would need to get that information from you
- A two-step recovery option is put in place for instances when you feel that your wallet security may be compromised
Your identity is anonymous so, it becomes a hard task for any person to get your details, especially if they intend to steal from you.
It is not a wonder that gamers online are talking about BTC. The platform is offering massive profits and making it very convenient to move money from one point to the other. Additionally, those who use this currency are not forced to share their winnings with anyone. This has made Bitcoin become a popular wagering option for many people. Follow this link to find out why Bitcoin is a heaven-sent game changer.
To the dismay of other players though, the option is not available in their country. This is because their governments have realized that they may end up losing a lot of income generated through online betting if gamers are left to use BTC freely.