Bitcoin Gambling Pros and Cons in 2021

Pros:

• Payout speed – financial operations with BTC are incredibly swift, especially in comparison with traditional money transactions. The latter could take up to a week to process, whereas BTC transactions can go through in less than an hour.
• Higher withdrawals – casino websites usually have certain withdrawal limits, which makes it inconvenient to withdraw large winnings. Luckily, Bitcoin users often have higher limits and can withdraw their money quicker.
• Anonymity – certain BTC casinos allow players that use this currency to gamble without identity confirmation. This is a great feature for keeping privacy.
• Transparent transactions – blockchain transactions are always so much more transparent, and they allow more security when playing at online casinos.
• Special promotions – many web casinos love to encourage their players to use Bitcoin by giving out special bonuses. There are many generous promos designed specifically for BTC users.
• Higher odds of winning – web gambling platforms, much like traditional casinos, usually have a slight advantage in their favor to receive profits. With Bitcoin, there is often a smaller advantage or even no house edge involved.

Cons:

• Smaller selection – there are still not that many casinos that offer BTC gaming, which makes the choice quite limited for a gamer. Luckily, the variety of sites continue to grow.
• Required prior knowledge – gambling with cryptocurrencies requires knowing how to purchase them and use them for playing. You will need to set everything up beforehand to be able to place bets.
• High volatility – Bitcoin is a currency whose value changes every second. Of course, it could rise easily, but it could also decrease at any moment. This can affect your winnings as well.

Overall, there are more benefits to use BTC for gambling than disadvantages. And the cons are not very drastic to drop the idea of Bitcoin gambling.

Open a Cryptocurrency Wallet

The first step towards your BTC gambling goal is opening a special wallet. You can look up some of the most popular and secure online wallets for crypto and use one of them. Follow the registration guide and submit all the required information to open a wallet.

Buy Some Coins

After creating a wallet, you can go to online crypto exchange and purchase some Bitcoins. You can also monitor the prices for some time to have a better understanding of the market.

Pick a Site to Play with

When you finally have some BTC in your wallet, it is time to choose a gambling website. In this article, you will find some of the top Bitcoin gambling providers up to date. Pick one of them and play.

Make Your Deposit and Pick the Game/Sports

After finishing registration on a casino website, you will need to make your initial deposit. Use the wallet to transfer some Bitcoins to your account and go play your favorite games.

Tower.bet

Tower.bet is one of the best crypto gambling destinations by far. This website has an incredible theme and unique design, which enhances your gambling experience. It offers fair gambling solutions and excellent customer care as well. Apart from BTC, this provider also accepts many other cryptos. You can withdraw cash from this website in three ways: slow, normal, and fast. Different fees are assigned to each option. Here are the gaming titles that you can access on Tower.bet to win huge Bitcoin prizes:

HiLo

A very simple game that requires guessing whether the next card will be of higher or lower value. There are usually 52 cards in this deck. Gamblers can also place bets on Joker cards.

Crash

This is an appealing game with a low house edge and smaller minimum bets. However, it can grant huge payouts for players. Rules are fairly simple. There is a multiplier that gradually increases but can crash at any second. Players need to place bets and wait until they think they are going to crash. If you are lucky enough to cash out before crashing, you will take great winnings with you.

Cogwheel

This is a unique game developed by Tower.bet. There is a wheel painted in different colors, and the gamblers can bet on them. Each color is a specific multiplier. If you manage to guess the color, you can win a cash prize with the respective multiplier.

Wheel

Another special game created by Tower.bet. The wheel is divided into numerous different sectors. There are also different difficulty levels to spice up the game. Players need to spin this wheel and hope to land on a necessary sector.

Elf Quest Slots

This is a slot machine with a unique fantasy theme and stunning design. There are different symbols with certain values. They include As, Ks, Qs, Js, Tens, Dragons, Flowers, different weapons, and fantasy characters. Elves, wizards, fairies, warriors - everything a fantasy lover needs. Choose the amount of your bet and spin the reels to win.

BitStarz

This Bitcoin casino boasts a range of slot machines. More than three thousand games are available for users. This provider focuses heavily on crypto gambling and offers other crypto solutions as well. Various tournaments are held regularly for players to test their luck. Many promotions are available for new and returning players. It is possible to win gratis spins each Wednesday.

FortuneJack

This casino is a great gambling destination with an amazing selection of games. There are currently no usual currencies supported; so, you will only be able to gamble with Bitcoin or other virtual currencies. Sportsbook is also available on this platform, which makes this casino convenient for gamblers and sports bettors.

Bitcasino

Another heavily crypto-based casino is licensed by Curacao, and it offers great solutions for BTC gamblers. This website boasts an incredible VIP program with 7 different tiers. To grow your loyalty, it is only necessary to gamble on the site. This way, you can win even more prizes by simply playing.

Cloudbet

This is one of the oldest Bitcoin gambling platforms that are still going strong. It has multiple licenses ensuring its legality and safety for players. There are more than a thousand slot machines and other games.

• Customer support – good support is crucial for high-quality gambling.
• Unique bonuses – casinos should offer special promotions for BTC users. Check out their offers beforehand.
• Reputation – a reliable casino should have a good reputation among players. Check some reviews online to find out.
• Transactions speed – verify that you can use Bitcoin and benefit from high payout speed.

Of course, always check the legality of a website first before going in there.