Not only online casinos have jumped on the bandwagon, but it has also created its own industries, based entirely around this innovative new monetary system.
The Bitcoin Casino Payment Lowdown
It's quite a lot to get your head around, but Bitcoin is basically the new currency of the internet.
While this may be difficult to get our heads around at first, Bitcoin Casinos are popping up all over the World Wide Web as a real solution and alternative to any online casino payment method woes that might have been troubling us.
No inconvenient national or bank holidays stopping you from topping up your wagering money.
To put it as simply as possible, Bitcoin is digital money. It works using a peer-to-peer network and has no authority over it by banks or financial institutions. Bitcoin works on open-source software and is a mobile app or computer programme that gives you a type of e-Wallet and allows you to send Bitcoins through it.
The Advantages bitcoin
You will get full control over your money, you can deposit to online casinos with Bitcoin at any time of day or night, on any day of the year. No inconvenient national or bank holidays stopping you from topping up your wagering money. There are also very low fees involved, if any.
For the Bitcoin online casino, there are fewer risks as transactions are secure and irreversible. For the online casino player, they contain none of their personal, sensitive information and they offer a high level of control over the transaction. Mobile payments are simple and allow depositing Bitcoins to an online casino easy. International payments are processed just as quickly as local ones.
The Disadvantages bitcoin
A lot of people and businesses are still unaware of the Bitcoin Casino Payment Method, and it can be daunting to get your head around such a new concept. After all, when money was first invented, people probably had an issue with the fact they weren't still bartering with sheep and cattle.
The market price for Bitcoin is also slightly volatile as even a small business change can affect things drastically on this small current scale.