Bitcoin currency has now become a rising star in the world of online gambling. Not a long time ago, traditional online casinos have resorted to using real cash when players are depositing funds into their respective accounts. You can’t say that this method is unreliable since there are existing banking options when making a deposit or a withdrawal with real cash. However, Bitcoin (BTC) has made transactions easier for online casino players. In this article, we are going to point out some of the online casinos in Asia accepting bitcoin payments.
Benefits of using bitcoin in online casinos
Compared with traditional casinos, one advantage when it comes to playing in a bitcoin casino is that the house edge is a tad bit lower, around 1.5-2%. This is what makes it attractive for online casino players, knowing that they have a higher chance of winning against the casino they are playing in.
Another benefit of using bitcoins when playing in casino online sites is that withdrawal and deposit transactions made are completed instantly. Compared with traditional casinos, the waiting time before you can complete any transaction ranges from 3 minutes up to hours, depending on the casino you are dealing with. When using bitcoin, you don’t have to fill out any personal bank details that you are apprehensive to give out, especially since we are talking about a lot of money here.
Disadvantages of using bitcoin
Although it is a guarantee that there are no tax charges involved in deposit and withdrawal transactions using bitcoin, some casinos require taxes to be deducted from a player’s winnings when withdrawing from their casino accounts. Moreover, bitcoin transactions cannot be altered in any way so you have to make sure that you are transacting with a secure casino online.
Another disadvantage of using bitcoins when making transactions is that their values are not constant. Since this is a virtual currency, their worth is changing every minute based on the number of people dealing with bitcoins.
Casino online sites offering bitcoin transactions
Ever since the popularity growth of bitcoin in online casinos, various casino online sites in Asia has added the currency of BTC as an option when making payment transactions. Now, online casino players have fewer problems when transferring funds into their accounts since the process with bitcoins is significantly faster.
Coin178- In addition to local bank transfer, bitcoins can now be used in coin178 as an existing fund. 1 BTC is equivalent to 1,000 coins in this casino which can be used to place wagers in different online casino games, live casinos, and even sports betting. All you have to do is to follow the guidelines set by coin178 when transacting with bitcoins.
Dafabet- Dafabet casino offers numerous payment methods for casino players to complete their withdrawal and deposit transactions. Along with local bank transfer, Skrill, Neteller, and other online payment methods, Dafabet also offers bitcoin currency as an available payment in their casino. To use bitcoin as payment, you must first have a bitcoin wallet to store your money in. If you want more information regarding this, go to the Dafabet casino.
1xbet- another casino online accepting bitcoin currency as payment is 1xbet. Since bitcoin is a virtual currency, there is no tax charge for every transaction since it is not held by any bank and it is an online transaction. Commonly, bitcoin transactions in 1xbet can take up to a maximum of 15 minutes which is a very short time. Moreover, 1xbt members who transact using bitcoin can claim free bet bonuses online. Many players prefer bitcoins when making deposits and withdrawals since it is very simple compared with other payment methods.
Transactions with casinos online can now be completed in a shorter time thanks to bitcoin. Although traditional payment methods can are still reliable and are widely used, bitcoins are more advanced, innovative, and can make your life easier as you gamble online.