Crypto gaming spans different types of games and sees users choosing from a wide range of cryptocurrency options. Some of the most popular games include NFT trading games, which are similar to physical trading card games except every NFT is unique and cannot be copied. Play-to-earn games reward players for reaching certain milestones or for time played.
But, while there are a lot of crypto games available, Bitcoin casinos are better established, have extensive beneficial features, and enable players to win potentially sizeable amounts of money.
1. Bitcoin Casinos Require Less Personal Information
Cryptocurrency and online gambling are heavily intertwined. Bitcoin casinos offer borderless transactions. They are low cost and withdrawals can be completed within minutes of being requested.
According to crypto casino expert Liliana Costache, they offer greater privacy than traditional online casinos. This is because deposits and withdrawals are essentially nameless which, in turn, means many of these casinos do not demand players provide financial details or even, in some cases, personal details.
With faster deposits and lower fees for the casino, players will also find that Bitcoin casinos tend to offer generous bonuses as well as hefty prizes and considerable jackpots.
This is true of casinos using other cryptos, but because of Bitcoin’s wider acceptance by the crypto casino industry, players have access to some of the most generous jackpots of all. Greater choice means greater options for players. Other forms of crypto gaming can’t compare to the potential winnings that can be had from these casinos.
2. Bitcoin Is More Widely Accepted Than Other Cryptos
There are crypto casinos that accept Dogecoin, Tether, Ethereum, Litecoin, and a handful of other cryptos. However, Bitcoin’s position as the dominant market leader of the cryptocurrency market, and the fact that it is the oldest of all cryptocurrencies, means it is the most widely accepted coin. While you can struggle to find Solano casinos, you won’t struggle to find Bitcoin casinos.
Its greater acceptance also means that Bitcoin is easier to buy or acquire in the first place. It can be traded directly with other people and bought at decentralized and centralized exchanges. It has even become an increasingly common payment method in the business world.
Its borderless, low-cost transactions, make it especially popular when making payments to freelancers or other businesses around the world. There are thousands of crypto coins available today, but Coinbase only enables the trading of around 200 coins and Binance has around 700. Bitcoin is available on all centralized exchanges.
This availability also extends to wallets. Bitcoin gamblers need wallets to be able to store, send, and receive cryptocurrency. And different wallets are compatible with different blockchain networks.
Because of Bitcoin’s dominance, it has the greatest availability of software and hardware wallets. It is also easier to find custodial services that will store Bitcoin, although this kind of service is usually reserved for long-term holders with large portfolios of cryptocurrency.
3. Bitcoin Has A Proven Track Record
Bitcoin was created in 2009 by Satoshi Nakamoto, an anonymous developer or team of developers. It was developed as a means of making transactions without the need for third parties or centralized groups like banks or financial intermediaries. Although it did take a few years before Bitcoin started to gain traction, it has ballooned in adoption, as well as price, ever since.
Bitcoin hasn’t been without its critics. It has been described as rat poison squared and the enemy of the US Dollar. Some governments and banks have prohibited its use. But, it has also been touted as a potential means of eliminating national debt and offering basic financial services to unbanked and underbanked citizens.
Governments are starting to take regulation of the crypto seriously, thanks to its potential, its popularity, and its proven track record.