The Benefits Of Playing Roulette With Bitcoin
The marriage between online gambling and cryptocurrencies like Bitcoin is the best thing to have ever happened for gamblers in the recent past. Along with offering an unmatched level of security, bitcoin also provides players their much-needed privacy by allowing them to play anonymously.
Today, almost all reputable online casinos offer bitcoin roulette by allowing players to fund their accounts and cash out winnings using bitcoin and other cryptocurrencies rather than the traditional fiat money. To play bitcoin roulette, you first need to purchase bitcoin via a secure platform like Coinbase, transfer them to your gambling account, and start playing right away.
If this is your first time hearing about bitcoin roulette sites, you have come to the right place. In this article, we are going to look at the main advantages of playing online bitcoin roulette.
But first, let’s take a look at the most popular bitcoin roulette games…
Popular Bitcoin Roulette Games
At face value, the game of Roulette may appear pretty standard. A game that limits the permutation of its variations, and this fact couldn’t be further from the truth. Depending on whether you are playing French, European, or American Roulette, the wheels and number boards are different. With that said, however, there are other games that you’ll find in any reputable bitcoin casino including:
Multi-Wheel Roulette: The idea behind this roulette is to allow players to enjoy two wheels instead of one. Basically, two roulette wheels will pop on your screen simultaneously, and you can wager on both. The Multi-Wheel Roulette is not ideal for beginners as it can get overwhelming with too many moving parts.
Mini Roulette: Unlike the multi-wheel roulette, the mini roulette is a much more condensed and streamlined variant, and it does this by reducing the betting board size and numbers on the wheel. Unfortunately, the reduced board size and numbers also mean that you get to win much less money.
Speed Roulette: If you’re tired of playing the slow roulette variants, you’ll very much like speed roulette. This variant is available in the Live Dealer setup and it is programmed to move a little faster compared to its traditional cousins. Here, you have a significantly less window to place your bets, which allows everything to move real fast.
Lightning Roulette: Although relatively rare, this gem by Evolution Gaming combines slot mechanics with table games to create a fast and unique gaming experience.
Progressive Jackpot Roulette: As the name suggests, this roulette variant combines this popular wheel-based game with a progressive jackpot, with Age of the Golds being one of the most popular progressive jackpot roulette games.
Live Roulette: Live dealer casino games have become a staple in most online casinos. Not only do they introduce the traditional brick-and-mortar vibe but also bring in a fresh twist of immersion and interaction.
5 Main Advantages of Bitcoin Roulette
There are many advantages that you can reap as a player by playing Bitcoin roulette. They include;
Security and Anonymity
Security and anonymity are two of the main advantages of using bitcoin when gambling online. And these two factors are not limited to the financial aspect but also extend to the data side as well. Blockchain, which is the underlying technology behind cryptocurrencies like bitcoin makes all the transactions completely open and transparent. As such, all the players can keep track of their finances throughout the entire transaction process.
Along with that, the transactions are irreversible. So, assuming that a scam gambling platform approves withdrawals, they cannot block or request a refund, which is a major problem with fiat currencies.
Most importantly, some players prefer gambling anonymously for obvious reasons. And although transactions can be tracked, all the other information is fully lucked from all third parties, reducing the risk of having your personal or financial information being leaked or stolen.
Faster Processing Speeds
If security and anonymity are the reasons some gamblers love Bitcoin, the faster turnaround is the reason why it is adored by all. Gone are the days when you had to wait for several days to cash out big wins as the turnaround time in BTC transactions is almost completely nonexistent.
And since bitcoin is not regulated by any government or corporation, the transaction processing speed cannot be interfered with by a centralized party or system. And neither can this speedy status be changed by anyone as blockchain technology does not allow it to happen.
Compared to the traditional fiat currencies, cryptocurrencies offer online gamblers unmatched flexibility. Today, multiple e-wallets allow Bitcoin transactions, plus the players aren’t obliged to use specific services like what is done when using fiat currencies such as US Dollars or Euros.
Along with that, the “splittable” nature of cryptocurrency allows players to make both super-small and very large transactions to meet the online casino’s minimum and maximum limits on both the deposits and withdrawals.
As indicated above, bitcoin allows both the players and casino operators to enjoy lower transaction costs by eliminating middlemen in the financial system. As such, the low operational costs allow the casino operators to provide exclusive offers for players that use bitcoin to make deposits and withdrawals, rather than fiat currencies. It is for this reason why most players prefer crypto-gaming.
If you are not sure of where to start your bitcoin gambling adventure, be sure to check out our guide to choosing an online roulette casino.
Multiple Games To Try
Pretty much all the games (if not more) in the traditional brick-and-mortar casino are available on online gambling platforms. Whether it’s roulette, blackjack, video poker, live dealer, you name it you will find it. As a player, you can spend hours and hours in online casinos to enjoy all manner of games. And unlike in the traditional casinos where you need to wager to play, online casinos allow you to try out their games for fun without risking your bankroll.
No matter how you look at it, the global financial markets will never revert to the pre-crypto era: Bitcoin and all its cryptocurrency cousins are here to stay, and gambling experts have predicted that the use of BTC will become truly ubiquitous in the near future. Be as it may, however, the prevailing advantages of BTC in relation to online casino transactions are tremendous and will continue to grow as blockchain technology becomes more mainstream.
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