Let's be honest - Bitcoin is taking over the world. It's in the news, on the TV - and now it's even in our online casinos. And that's a blessing indeed. Games like Bitcoin Roulette now offer a compelling and hard to ignore alternative for the serious roulette player. But why?
To put it simply, it solves most of the problems that you will find with existing roulette games
. In truth, some of these problems are not down to the games themselves. Rather they are a side effect of playing with traditional sites rather than a Bitcoin Casino.
But what exactly are the benefits of playing crypto powered roulette? And is it enough for a seasoned wheel spinner to make the switch? Let's take a look:
Bitcoin Roulette Explained
First, let's get some basics out of the way. Bitcoin is, of course, the largest cryptocurrency in the world. And it's one of the most valuable. At the time of writing, a single Bitcoin is worth over $8,000 USD. Ethereum, the second biggest cryptocurrency in the world, is only valued at around $260!
Like all currency, the value of Bitcoin does fluctuate with market events and other factors. And with anything crypto, these fluctuations can be quite severe. But Bitcoin is one of the most stable cryptocurrencies in value. Hence why it has become such a popular gambling payment method
the casino elite.
To start playing Bitcoin Roulette, you will first need some actual currency and a specialised Bitcoin wallet. We cover these basics in our How to play at a Bitcoin Casino guide. For a more detailed look, we suggest checking there.
Advantages of Bitcoin Roulette
Privacy, speed, accuracy of results - these are top concerns for roulette players. And thanks to Bitcoin roulette - those concerns are becoming but a distant memory. Here are the top 5 reasons why playing roulette with Bitcoin is a must for any serious gambler.
#1 Full Anonymity
Everyone values some degree of privacy. And it's always difficult handing over our whole identity over to people we don't even know. Some sites even go as far as to ask for details like your driving license or passport. And it's not even their fault - it's all down to regulation and identity checks.
When you play at a Bitcoin or Ethereum Casino
- you don't need to hand over anything. The only thing you need to do is create an account, choose a username and link a wallet. After that? The table is just a click away. And this brings us on to our second point.
#2 Start playing in seconds
With most of the signup process stripped away, you can enter the casino much faster. And that means you can get to the crypto roulette games in mere seconds. Of course, you may want to check if there are any bonuses available when you make a first deposit.
There are bonuses at casinos that accept Bitcoin? Yes, there are! And these bonuses function like just about any other bonus. And that means you can convert the funds into real withdrawable funds. Of course, this will require some inevitable bonus wagering.
#3 Roulette games are provably fair
We have all had that moment of doubt playing at an online casino. That feeling as if we were cheated - or if the results had been rigged in some way. And while that was probably just the result of bad luck - with Bitcoin Roulette, we don't need to second guess the results. If we lose - we lose fair and square, as the games are provably fair.
What are provably fair roulette games? Essentially, these are games where you can verify the mechanism that created the result. And thanks to the same technology that powers the blockchain (cryptography), savvy players are able to see if the game was fair and random. And this means the casino has no way to tamper or change the results of the game - without getting caught first!
#4 High stakes come standard
As we have alluded to earlier, Bitcoin is pretty valuable stuff. And when you gamble with it, you are immediately in the high stakes territory. And that means there are huge rewards for the daring. But on the flip side of the coin, losses can be severe.
Of course, many top Bitcoin Casinos
have a range of betting limits to suit your gambling style. So if you want to go in big one round and be a bit more reserved next - then that choice is up to you. But as with all things gambling related - only part ways with what you can afford to lose.
#5 There's no chance of losing your money
Casinos going under and closing shop is not an uncommon event, unfortunately. And when this happens, your balance could also collapse with the casino. Granted there is some protection in certain jurisdictions. But not all areas of the world are that fortunate. And even with those protections - you may not get all of your money back.
When you play Bitcoin Roulette at a crypto casino, you don't have to worry about the safety of your funds. They are tucked away secure in your Bitcoin wallet. This also eliminates any chance of cybercriminals getting access to your account and trying to withdraw the winnings.
Roulette with Bitcoin: The next step?
The future for Bitcoin and its application to our favourite games seems bright indeed. Security, anonymity and the guarantee of fairness in online roulette have always been questionable. But thanks to this new technology, we can employ our favourite roulette strategies with even more peace of mind.