Bitcoin hit the scene in 2009 and has been slowly progressing into several sectors including iGaming. In 2012, the first Bitcoin game, Satoshi Dice was released. 

Going forward, 2015, saw a rise in the adoption of cryptocurrencies at online casinos.

The significant rise of Bitcoin Casinos in online gambling can be attributed to the benefits to operators and players. This article will explain more about the four benefits of Bitcoin to online gambling.

Faster Transactions and Reduced Fees

Bitcoin casinos have introduced several options beyond traditional payment methods such as bank cards and ewallets. Besides Bitcoin, you can select any cryptocurrency including Ethereum, Tether, Litecoin, Dogecoin and Bitcoin Cash. 

All cryptocurrencies provide faster transaction speeds for both deposit and withdrawals. Transactions are instant or happen within seconds which means players can get into their favourite casino games as fast as possible. 

Additionally, using Bitcoin or other cryptocurrencies almost always incurs no or limited transaction fees because there are no intermediaries. This means you get to keep more money to spend on betting on casino games or sports.

Provably Fair Games

Another unique benefit of Bitcoin casinos is that they have provably fair games which leverage the transparency of the blockchain. This also means the games have unbiased outcomes because they use cryptographic algorithms that ensure random results for every player. 

The transparency means players can enjoy playing at casinos with the peace of mind that none of the games are rigged or tampered with like with some traditional casinos. 

Improved Security and Privacy

Bitcoin casinos allow players to stay anonymous while playing. Transactions are not linked to any personal information but rather to a unique digital address ensuring transactions are pseudonymous. 

Additionally, transactions are recorded on the blockchain which is immune to change from intruders and transparent to everyone on the blockchain. 

Finally, players do not need to fulfil any long KYC processes where they have to provide personal information.

Wider Game Variety 

You will not only get access to traditional casino games such as slots and table games but also a variety of niche Bitcoin games. These may include live casino versions with Bitcoin betting options, dice and provably fair games. 

This means players will find at least one title that fits their taste. 

Conclusion 

Bitcoin Casinos have evolved the online gambling environment by improving several aspects including security, transaction speeds and game variety. As the technology continues to evolve, we can expect more benefits over time.