Some industries are much more attractive than the other ones. When it comes to online industries, we can certainly see that trading, dating and gambling are amongst the most lucrative ones. We certainly see quite some progress in terms of innovation at online trading, new platforms are getting realized nearly every year, there are more markets that become accessible and, generally, the costs of trading go lower. When it comes to dating, there is quite some progress too. If you want to meet strangers online, you no longer need to create a bulky profile, just download Tinder, connect it with your Facebook account and swipe left and right to find the people you want to meet. However, the progress in online gambling industry does not seem to be so obvious, yet we are certain that bitcoin will be the main catalyst behind the innovation in online gambling, and here is why.
Processing costs
People never like to pay commissions and fees. When you want to buy a certain product without using cash, you or the merchants need to pay a certain commission. Whether the transaction fees are paid to a bank, PayPal or MasterCard, it is still an expense that could be, and should be, avoided. This is where bitcoins come handy. Instead of converting your bitcoins into dollars and vice versa, you can just use BTCs for gambling. That’s right, nowadays there are quite a few casinos that not only allow your to make a deposit in bitcoins, but actually let you gamble using bitcoins. This way there are no processing fees, no currency conversion fees, just gambling at its best.
Privacy concerns
Next to the costs, privacy and security is the main concern for most of the people nowadays. That’s right, gambling is a habit people like to keep to themselves and are quite reluctant to share it with an outside world. This is pretty obvious too, nobody wants to get their credit rating violated or reduce the chances of getting a job just because of some $50 deposit to an online casino. Next to this, not many people want to disclose their earnings from online gambling too. This is another aspect where bitcoin excels. When you go for bitcoin gambling instead of a regular one, you don’t leave any footprint. Opening a bitcoin wallet does not require you to disclose any personal information and same procedure applies when opening an account at any bitcoin casino.
Quality of games
Many online casinos have been offering the same games for ages. Yet this is not the case with bitcoin gambling industry. Such websites opened just a few years ago and most of their games are designed with the rules of modern gambling in mind. When gambling with bitcoins you will never experience a sense of old times.
The bottom line
It is quite obvious that bitcoin and online casinos is a match made in heaven. This crypto currency provides gambles with commission-free top ups and cash outs and an enhanced level of privacy. Next to this, the developers of online bitcoin casinos are the people that are keeping up with the most recent technologies, hence they deliver the games with the best possible user experience.
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