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Is It Still Worth Playing at Bitcoin Casinos?
By Shane Addinall Jan 24, 2019 OpinionThe Bitcoin boom may have dwindled but there are still many online casinos that are ready and willing to accept Bitcoin as payment. Is it worth your while using your hard-earned BTC as playing cash? We'll take a closer look at the industry.Bitcoin may be a fairly new concept to many who inhabit the online space as a whole, but for those in the know, Bitcoin has been showing the power of digital currency for a few years now.
First appearing in 2009 and created by Satoshi Nakamoto, the unknown face (or faces) behind Bitcoin, the first cryptocurrency soon grabbed the world's attention.
By the end of 2017, the Bitcoin boom took place and saw the value of a single BTC peak at $19,783.06! Soon thereafter, the mighty would fall and the value of Bitcoin plummeted to just over $3500 in January of 2019.
While the value of Bitcoin may not be as mind-blowing as it was before, it still outshines every other currency in the world. It also opened the doors for many other crypto currencies to rise up and stake their claim in the digital space.
Why Play at bitcoin casinos?
If you have a stash of Bitcoin waiting to be used or if you're hoping for it to grow in value once more, you may be wondering whether or not to spend some of that cash at a Bitcoin online casino.
There are hundreds of online casinos around the world that accept Bitcoin as currency. Many offer the option of choosing whether to play with standard currency or Bitcoin while others are strictly Bitcoin casinos.
While it's true that Bitcoin could one day shoot up in value once more, the reality is that this market and crypto currencies as a whole are entirely unpredictable. If you choose to spend a few BTC at an online casino, you can expect to spend mere fractions of a coin as the worth of the currency is still quite strong.
There are a number of reasons to choose a Bitcoin casino which many players still do. It's because of these reasons that the Bitcoin casino industry has continued to grow and probably will do so for many years to come.
✓ 1. Stay Anonymous - If you're keen to keep your identity to yourself, this form of currency is perfect. Bitcoin is not linked to any government or banking system which allows you to control who knows how much Bitcoin you have in your bitcoin wallet and who doesn't.
✓ 2. Quick and Easy Transactions - There's no need to wait for days on end when you're using Bitcoin at an online casino. Super-fast transaction speeds are the norm thanks to crypto currencies and how they function from wallet to wallet.
✓ 3. Spare Cash in Your Pocket - Instead of spending cash that you could put into savings, why not use your Bitcoin? With the ability to mine Bitcoin and essentially earn the currency for "free", spinning your favourite Online Slots with a fraction of a Bitcoin could be the easiest win yet.
Bitcoin Casinos to Explore
If you're ready to explore what a Bitcoin casino has to offer, be sure to take a look at trusted sites before jumping in with both feet.
We have a number of reviewed online casinos that we recommended which all take Bitcoin as a form of deposit. Be sure to find out more about Playamo Casino, Slots Magic Casino or 22Bet Casino. You can also find out more on our Bitcoin Online Casinos page!
Sign up today and look out for special offers and welcome bonuses for the ultimate way to kick of your Bitcoin casino experience.
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