Internet technology continues its influence on multiple industries in the UK. The gambling sector continues growing powered by online platforms. There are now more than 32 million active gambling accounts in the country. With over 80% of the population now online, it’s easier to access casinos and sportsbooks even on the go.
One of the outstanding features in the gaming industry is the introduction of cryptocurrency as a payment method. Since the launch of bitcoin in 2009, Brits have not been enthusiastic about digital currencies. However, with more casinos now accepting bitcoin as a form of payment, more local players have started embracing the trend.
This post looks at how bitcoin casinos work and the advantages of this new trend to the UK gambling industry.
Cutting-edge Casino Payments
Bitcoin and other cryptocurrencies continue their gradual entry into the mainstream financial system. Many industries now accept bitcoin and other digital tokens as a mode of payment. With more foreign-based casinos setting up shop in the country, it was only a matter of time before bitcoin gambling became a big hit.
Casinos offer multiple payment options, including debit and credit cards, bank transfers, and eWallets. However, all these have their shortcomings such as withdrawal charges, delay in approval, security issues, and privacy concerns.
Bitcoin has come in as a revolutionary solution because of the security it offers as an online payment method. The casino industry has always suffered credibility issues due to slow and inefficient payment techniques. With bitcoin gambling, players can now enjoy seamless deposits and withdrawals.
Secure and Anonymous Casino Payments
One of the best things about bitcoin gambling is that a player can stay anonymous. When making transactions with a gambling website, you don’t need to provide your personal information. The casino will only require your bitcoin address, along with your private and public keys.
Bitcoin is a cryptographic currency which means everything is encrypted. It enhances protection against fraud and also ensures you remain anonymous when playing online.
Faster and Seamless Transactions
If you have suffered the frustration of waiting for days before cashing out at a UK casino, it’s time to try bitcoin casinos. Transactions take minutes between the casino and your wallet.
Once you send the bitcoin address, funds transfer is instant after confirmation. You can enjoy your winnings without the frustration of endless waiting.
Play More Games and More Casinos
As more players shift to online casinos, there’s growing competition to offer the best users experience. This includes offering a wide range of games at bitcoin casinos in addition to seamless payments.
If you love slots, it’s now possible to enjoy realistic live dealer games. One of the most popular bitcoin games is the Crazy Time live game which you’ll find at your favourite bitcoin casino. The game by Evolution is based on the Dream Catcher Money Wheel concept offers a fantastic RTP of 96.08% and is available 24/7.
The minimum bet is 0.10 mBTC, and the maximum is 400 mBTC. There’s a mouth-watering jackpot of 100,000 mBTC which adds to the thrill. There are bonus games and more slot features to enhance the experience.
The bitcoin blockchain guarantees seamless transactions and reliability. There’s no better way to send and receive money online than with these digital tokens. By embracing this technology, bitcoin casinos in the UK offer players a timely solution to casino payment problems.
Looking for a safe, secure, and seamless casino experience? If so, welcome to the world of UK bitcoin gambling. You’ll enjoy the peace of mind that comes with knowing your money is safe, and you can access your winnings instantly.