There’s no doubt about the different sites online that have already accepted bitcoin as a payment method. Within those websites, either in casino websites, bitcoin gambling, roulette or bitcoin dice, you are most likely to find two different types of sites that accept bitcoin and other cryptocurrencies rather than fiat as payment: the exclusive sites for Bitcoins and hybrid websites.
These websites used to be limited to only taking FIAT currencies as a deposit method, but because of the growth of cryptocurrencies in online gambling, these “normal” gaming sites needed to start adopting and accepting Bitcoins and other cryptocurrencies as a form of payment. Most of these sites have existed for years, some even for decades. And now, with the sudden boom in cryptocurrencies, and having them reach mainstream, these online gambling and casino sites needed to adapt to the new market.
The biggest difference between these sites and those that are exclusive of Bitcoins is that despite accepting the digital currency, they operate using traditional currencies (such as Dollar, Euro and Pounds). When you make a deposit in Bitcoin the funds are converted into credit on your account. On these sites, you can still have several advantages when using Bitcoin, such as how quick the transfer to your account is, even when making bigger deposits, as well as anonymity. However, some of the advantages are lost in hybrid sites like sites imposing limits on deposits or withdrawals.
Exclusive Bitcoin websites
On these online casino and gambling sites, Bitcoin is the official currency. You can deposit, play and get paid, all in Bitcoin. Thus, you can take advantage of all the benefits of operating with Bitcoin, such as:
- Anonymous player account
- Anonymous Transactions
- Larger limits
- Faster and cheaper transactions
- Promotions and bonuses in Bitcoin
On gaming sites unique to Bitcoin, you will have at your disposal the same games as normal sites, such as card games, casino games, bitcoin dice, roulette and even poker.
Unlike BTC games sites that only require an email and username, casino sites that have accepted Bitcoins recently require you to generally provide your name, surname, date of birth and country of residence. A good example of that is Fortunejack. Because they are regulated in the USA and several other countries, you will need to undergo their KYC compliance rules before you can withdraw your winnings. You can still play, but you won’t be able to withdraw your winnings until you undergo their anti-money laundering compliance. You can still find a couple of websites that do not need you to register an account before playing. You just need to have a bitcoin wallet set up and make the deposit to the bitcoin address on their website. The best example of a website like that is Kingdice. Even so, registration is easy and takes no more than a few minutes.
If you’re still unsure which kind of gambling interests you the most, or if online casinos that take both hybrid and cryptocurrencies are the best, the answer to that is: there is no right answer, only what is right or wrong for you. The benefits of bitcoin and other cryptocurrencies are becoming more and more something to consider when choosing an online gambling website. Because of the high volatility, investing in bitcoin is like gambling, and the value you will invest will become a gamble itself in the future. It’s a wise choice to get in as soon as the market drops and before bitcoin shoots up in price. Bitcoin is here to stay, and for a long time!