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The online gambling industry experienced considerable growth during 2020, with some key players reporting record revenue and profit. Among the established ...
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Put simply, the world went crazy over Bitcoin during 2017, as this polarising cryptocurrency dominated conversations across the globe due to its explosion in both popularity and value. Within iGaming, Bitcoin casinos have been around for a few years, but is the cryptocurrency market beginning to expand?
As the online gambling industry is forever on the coattails of technological innovation, we’ve been waiting patiently for the Bitcoin casino revolution to happen. Yet, despite the rocket in ownership, plus more and more becoming owners, there are still only a handful of trustworthy online casinos that accept Bitcoin – some of whom, have decided to take the plunge by branching out…
Inevitably, there’s been plenty of talk about substitute virtual currencies – often referred to as altcoins, or alternative coins. These are often lauded as the next big thing by your co-worker, friend or even family member, leading to other cryptocurrencies such as Litecoin, Dogecoin and Ethereum being placed in the spotlight.
Coincidentally, this has provided a nice little niche for certain online casinos. Since the iGaming boom of a few years ago, it’s been incredibly difficult for domains, especially the latest casinos, to stand out from the crowd. Litecoin, Dogecoin, Ethereum and the rest offer a way to do just that, and some popular platforms have jumped at the chance to widen their cryptocurrency casino operations!
After announcing in late-January 2018 that they were both Litecoin casino and Bitcoin Cash casino certified, BitStarz signalled their intention to be much more than just a Bitcoin gambling site. They’ve put a lot of effort into becoming the leading cryptocurrency casino in many’s eyes, and this is no more apparent than within their detailed blog.
BitStarz write frequent articles on virtual currencies, informing players about everything from their technical backgrounds to the latest price valuations.
Shortly after this altcoin expansion news, BitStarz went further by elevating their status to be a Dogecoin casino and Ethereum casino. Marketing Manager, Srdjan Kapor, summed up the mood moving into 2018:
“We here at BitStarz take a huge amount of pride in being one of the most adaptive and inclusive online casinos in the world”
So, to recap, you can use the following cryptocurrencies at BitStarz Casino:
Many can be used to deposit and withdraw with no transaction fee incurred by the player, and a dedicated BTC welcome bonus is available too. Better yet, BitStarz are proud to be a Bitcoin no deposit bonus casino – offering 20 free spins on registration for new gamers. Is there anything left to really think about?
Get 20 free spins no deposit and a Bitcoin welcome bonus at BitStarz.
Although not quite as crypto casino heavy as BitStarz, Playamo also offer a substantial number of altcoins for deposit and withdrawal. Your virtual currency will be exchanged into euros for gameplay on NetEnt slots and the rest, with a handy rate calculator showing exactly how much credit you’ll receive.
The cryptocurrencies available at Playamo include:
Playamo make the whole process of how to deposit via Bitcoin easy – with the option to use your Cubits wallet accepted.
Cubits is one of the most popular ways to buy and sell Bitcoin in Europe. Having racked up a substantial number of traders over time, Playamo have been savvy with this partnership as it guarantees a seamless experience that will have you playing, and hopefully withdrawing, in no time.
While there, unfortunately, is no BTC casino welcome bonus to shout about, you are given an element of choice on how you want to start this journey. In short, Playamo offer two first deposit bonuses – one standard, and another for high rollers. Check the two options out within our Playamo Casino review, or head directly there to start using cryptocurrencies!
Choose your first deposit bonus at Playamo.
Despite constant assurances from acquaintances that cryptocurrencies are the future, many still share an underlying nag that it may all dissipate into nothing. In terms of online casino, a lot depends on how each one grows outside of the industry and how prominent it becomes in daily life.
This race to the top shares similarities with Blu-ray vs HD DVD, as success almost certainly hinges on how many establishments sign up to virtual currency payments.
While we are certainly no financial experts and don’t pretend to be, our best guess is that a handful of cryptocurrencies will begin to dictate once the storm dies down. Which exact form that will be, we have no idea, but it does bode well for the virtual currency casino concept moving forward.