Bitcoin Growing in Popularity with Casinos
Bitcoin is the popular digital crypto-currency that has recently begun to take the iGaming industry by storm. Invented over nine years ago by Satoshi Nakamoto, the currency has had many ups and downs, but has ultimately come to revolutionise the world of finance as a legal method of exchange between companies.
Online and mobile casinos have been quick to hop on this revolutionary new method, which is favoured as a payment and withdrawal method primarily because of its anonymity. It also makes real money gambling possible in jurisdictions that have otherwise strict laws regarding casino gaming.
Another reason why Bitcoin is a favourite among online gamblers is its sheer simplicity. All you need to use Bitcoin is a Bitcoin wallet such as Coinbase or Circle, which you’ll use to trade the currency of your choice to the value of Bitcoin while using it to make casino deposits. Casinos that accept Bitcoin generally require a 30 character-long Bitcoin address for added security, and the entire process takes just a few minutes to complete.
Numerous Brands Add Bitcoin To Their Sites
When Bitcoin first hit the market, casinos offered it primarily as a withdrawal method, while considering it risky as a payment method. However, this reputation is changing at a rapid rate, with numerous big-name casino operating brands climbing on board and announcing their acceptance of Bitcoin.
Some of the most notable brands to join the Bitcoin movement include Slotland, BetChan Casino, Grande Vegas Casino, Megawins Casino and Cloudbet Casino. Numerous operators in 2017 alone have added Bitcoin to their list of deposit and withdrawal options, with the currency’s exceptional recent performance boosting its reputation even further among iGaming corporations.
Bitcoin Added as a 9th Birthday Present For Players
One of the most recent casinos to add Bitcoin to its platform is WinADay Casino, a licensed and certified brand with over 9 years of experience in the industry. As part of its 9th birthday celebration, WinADay has revealed that it will be offering several special bonuses to its players – and also adding Bitcoin to its site.
The casino will be giving away $100 in bonuses to its players, including $20 worth of bonus cash to bronze VIPs, $50 in free chips to silver VIPs, and $80 in bonuses for its gold VIP members. The largest prize on offer is $100 of bonus cash for platinum members, and all players will soon be able to enjoy using Bitcoin for both deposits and next-day withdrawals.
WinADay Casino Manager Michael Hilary commented on the developments, saying that the casino’s players have voiced a high demand and many requests for Bitcoin as an online payment method. Thus, the addition of the crypto-currency will be a ‘great birthday present’ to WinADay players, Hilary said.