Does Your Online Casino Do This?

Date Added: Mar 18, 2025

Heads up, this may in fact be headed to your favorite online casino or even your most favored sports betting site in the very near future. Here is what this is all about. Although there has been on again and then off again talk over the years about these so called virtual currencies or payment mechanisms it is only just recently that more and more online casinos are taking heed and taking proactive steps. In this case, it seems that the venerable crypto currency Bitcoin is the leader so far as more online casinos are either allowing the use of Bitcoins as a deposit or payout method or even outright promoting and encouraging its use.

After all, consider some of the advantages of what looks to be a game changer in not only the world of online casinos but perhaps the entire global payments industry. Consider that whereas the traditional old school payment mechanisms impose a fee or a piece of the pie for each and every transaction, there is no such friction associated with the use of Bitcoin. Naturally, as you might well expect online casino operators would gladly welcome any new payment setup that doesn't extract a fee for its use.

Recall that the way that a so-called virtual currency like Bitcoin works is that is solely between the buyer and the seller. That is, there is no middle man taking his cut. Think about the fees that the major credit card providers yank out of the online gambling company's account for each transaction processed. Even Paypal extracts their pound of flesh so to speak. Bitcoin? Not so much.

There's more. In an era where it seems that privacy is a thing that your parents and grandparents talked about but you can't seem to find anywhere, Bitcoin transactions are anonymous. That's right. From its earliest beginnings, Bitcoin was setup so that the transactions are completely anonymous. Side note: that is one of the biggest criticisms by law enforcement personnel around the world. Some feel that such anonymity is not a good thing. No matter, it appears that is where the world is headed anyway.

Finally, consider yet another reason that both online casinos and online gamblers may be rushing to embrace the use of Bitcoins. There are no limits. That's right, there are no limits on the number of transactions that can be processed per person, per day, that sort of thing.

Bottom line: the future is here and now. It is beginning to look like the age of virtual currencies for online gambling is about to break into the mainstream.