Bitcoin Casino Sites
Online casinos have played a large part in the growth of Bitcoin over the last few years. The first site to make gambling with Bitcoin popular was SatoshiDice, which first launched in 2012. After just one year SatoshiDice sold for 126,315 BTC ($11.5 million at the time) in July of 2013.
Since 2013 hundreds of online Bitcoin casinos have started up hoping to duplicate the success of SatoshiDice. The 30 billion dollar online gambling industry has seen an increase over the last two years as Bitcoin casinos have become more and more popular.
The gaming industry has began to take notice as the world’s largest igaming trade event ‘ICE Totally Gaming’ held a half day seminar on Bitcoin in early 2014 according coindesk.com. The manager director of The Gaming Counsel Stuart Hoegner told bizjoural, “The most interesting thing about Bitcoin is how it almost seems tailor made for Internet gaming.” Around half of all Bitcoin transaction are from online gambling .
What makes Bitcoin so useful for online gamblers? Bitcoin transaction don’t involve banks, so players and operators don’t have to worry about the Unlawful internet Gambling Enforcement Act of 2006, which made it illegal for banks to make financial transactions with online gambling sites.
Secondly, Bitcoin allows you to anonymously send and get money anywhere in the world at any time with very low fees through peer to peer transitions. Bitcoin can be stored right on your desktop in a Bitcoin wallet or you can keep them on sites like Coinbase that allow you to securely, buy, use, and accept the Bitcoin currency.
When playing at an online casino sites that have Bitcoin depositing and withdraw options you will be sure to be able to quickly, safely and easily move your money in and out of your player account. The Bitcoin casino sites offer all the popular online casino games that you have come to expect.
You will find Blackjack, Slots, Roulette, Craps, Sports Betting and more. With crisp graphics, great games, promotions and bonuses Bitcoin casinos offer you everything you could want in an online gambling site. If you have ever played at an online casino before you will find everything that you would expect at these Bitcoin casinos and even more.
The Future of Bitcoin Casinos
We are sure to see more Bitcoin casino start ups in the future and may even see established casino site start to accept Bitcoin. Large established casinos won’t enter the market until regulators get on board, but many countries where online casinos are based are starting to see the light.
Currently most Bitcoin casino sites are not regulated by traditional methods. The Isle of Man, a very popular online gambling regulatory jurisdictions, has come out in support of Bitcoin. The Department of Economic Development for the Isle of Man stated: “I welcome this move to create a framework for the regulation of digital currencies. The Isle of Man is synonymous not only with innovation, but for a regulatory environment that is both effective and pragmatic .”
Where to Play
Currently we offer promotions from two well respected and trusted online Bitcoin gambling sites Betcoin Casino and Betchain. Both these sites use state of the art random number generators and software. No matter which site you choice to play at, you will know that you are playing at a safe and secure online casino.
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