Online Bitcoin Casinos – Understanding the Types and Games
Online gambling and Bitcoin is a perfect match. Both online gambling operators and casino players find it the most lucrative options.
Pros for online casino operators
- Free deposit and withdrawals
- Eliminates payment processing cost
- Sites have more resources for promotions and deposit bonus
- Allows best payout for online casino players
- It is not regulated by the bank or government, so funds cannot be frozen or seized
Pros for casino players
- In illegal gambling markets, casino players have experienced their funds getting seized several times in the past, but with Bitcoin, players get freedom to control their money
- Online Bitcoin casinos offer anonymity to the players
- They just ask the players email address solely for password recovery purpose
Types of Bitcoin Casinos
Masses have accepted bitcoins but are still used less in online casino markets, when compared to fiat money. There are two kinds of bitcoin casinos –
- Bitcoin-only sites
- Hybrid casinos
It is understandable that in bitcoin-only sites, players use digital money for deposit and withdrawals. Alternatively, in fusion casinos both currencies are accepted. You will need to give them your name and address to get registered. During withdrawal, the players will have to verify their identity. Usually, you will need to fax bank statement or utility bill.
Hybrid casinos accept deposits and withdrawals via bitcoin, but when you deposit the funds get converted to fiat currency. This means, when you bet, it is a fiat money like US dollars or Euro.
Bitcoin casino games
BTC casino players get more and more alternatives included every year. Games offered are similar to online traditional ones, but with free deposits & withdrawals along with much better odds.
Most popular casino games and BTC online arena provides slots in dozens with host of options including progressive jackpots. Their payout percentages draw slot players towards bitcoin casinos.
The payout percentages of bitcoin slots are extremely higher than fiat-based slots. Even the land based casino slots look robbed legally because some sites provide 99% payouts on some slots.
The second popular game after slots is Blackjack. This game is also well-represented by BTC casino industry. Players can select the different variations and obtain better payout odds in comparison to any offline or online fiat-based casino all around the world.
Most simple table games and BTC casinos provide many modifications including European and American roulette. Players can enjoy the best odds and more options.
Live dealer casino games
Games like baccarat, roulette, and blackjack are available live for wagering at several online BTC casinos. Players can get into action with the authentic casino environment streamed live. You can enjoy socializing with the other players.
Other casino games
Above are the most famous choices, but BTC has other casino game options like 3-card poker, pokies, video poker, casino war, craps and more. Lottery and dice games are also very much popular.
Introduction of Bitcoin casinos is a new development and has proved to be the fairest of all options. It is instant and flawless. Players can find out, if they are obtaining fair odds on every bet. Provably fair is calculated differently on every game.