New Coin Casino – Gambling, Bonus, Bitcoin, Dogecoin… Is Bitcoin Really Better Gambling?
The Bitcoin Casinos are relatively a new phenomenon, but are slowly establishing themselves as the preferred venues for online gambling. Why are so many players moving to Bitcoin? Is Bitcoin Really Better Gambling? Yes, Bitcoin Casino is really better gambling. Let’s see how…
1. Speed
It is normal that the typical payment of an online casino takes days or weeks. Sometimes payments take up to months. Many times it is not the fault of the casino, as your bank and yours are not accustomed to managing online casino transactions. In addition their payment processors face huge risks of credit card fraud and many times they are forced to take extreme precautions with your money.
Payments with Bitcoin are virtually irreversible once a little time has passed, so online Bitcoin casinos can credit your account as soon as you deposit, and send your winnings to your wallet as soon as you make a withdrawal. This is a difference as from night to day when your huge profit stays in limbo and you wonder what is going on with it!
2. Anonymity
Bitcoin gives you the option of being totally anonymous when playing online. But be prepared to reveal your name, address, credit card information and other personal information such as your social security number when you play elsewhere that does not use Bitcoin..
3. Equity
How can you make sure the game is fair, especially when the deal seems to catch all good cards? Bitcoin’s cryptographic innovations have inspired the concept of the Provably Fair, first used by Bitzino in 2012 and since adopted by most of the major Bitcoin casinos.
There are a more detailed explanation on Provably Fair page , but in short, this system uses a cryptographic hash to allow you to digitally “cut” the deck before playing the game, ensuring that neither the casino software nor the player knows the order Of the deck ahead of time.
When you play online, it is important to know that you are enjoying a fair game.
4. Value
The Bitcoin casinos save on credit card commissions, and by offering games from Provably Fair means that they do not have to get the very expensive third party certifications. Many times this savings are reflected in the player with better odds or more generous promotions and referral programs.
In addition, fewer obstacles to enter mean that there are many more probabilities and innovative games for the player.
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5. Transparency
The transparency of the chain of blocks has influence in all the businesses that are based on her. Many people think that Bitcoin will open the door to a new era of transparency in business, and Bitcoin’s casinos are no exception.
Bitcoin casinos offer customer service, clients can post to their forum and they encounter some problem (although many prefer to send an email if it is a private topic). Although it seems counterproductive to publish problems in public, they have seen that transparency creates trust and a better business in the long term.
