Whitebet is one of the latest accepting Bitcoins
Online gambling is not legal in all jurisdictions and that’s why so many players from countries where Internet casinos are banned have such a hard time playing their favorite games. The obvious way to go around the forbidding laws is to find alternative payment methods that are not subject to local oversight.
Credit cards and money wallets can only go that far and that’s why the most innovative casinos are now accepting the crypto currency that goes by the name of Bitcoin.
Bitcoins were not surprisingly embraced first by online gambling operators and are just making a name for themselves among regular traders. Even so, there are plenty of casinos that are reluctant to introduce it, because they don’t know for sure how many players are going to jump on the bandwagon. For instance, if you reside in a country where gambling is legal and you’re not particularly interested in the crypto currency, there is a good chance to stick to the conventional financial instruments.
Whitebet decided to give everyone a fair chance regardless of where they come from and that’s why when two of the trouble of adding Bitcoins. At the end of the day, when all the work is over, it is refreshing to hear that yet another payment method is now available. It never hurts to have more options at your disposal and there are certain advantages of using this type of deposit and withdrawal was, in addition to the inherent anonymity.
For example, players no longer have to worry about waiting a great deal for their deposits and cash outs to be performed or go through financial institutions. The latter have the nasty tendency of asking for fees and they sometimes have hidden commissions, which will only decrease the profit margin. We all know how difficult it can be to beat the house edge, so there is no need to diminish your profits, just because you have to deal with the greed of the banking system.
Bitcoins are also safe and now that the market has stabilized to some extent, the risk of them in their worth has also decreased greatly. Only time will tell whether the future of this crypto currency is as bright as its promoters want us to believe, or if it is only a trend. For the time being, those who are dealing in Bitcoins have very little to worry and in regard to online gambling so we can expect to have more casinos adding it.