How Bitcoin Has Changed After COVID-19 Spread

In a time when online casinos are more popular than ever, players are looking for the safest and easiest ways to place bets. And as people now realize, using Bitcoin and other cryptocurrencies might be the best solution for any problem.

Why are people attracted to Bitcoin casinos?  And what other digital currencies will you be able to use in online casinos 2021? Find out the answers NOW!

Why Use Cryptocurrencies?

There are many reasons why cryptocurrencies are such a beloved payment method:

• It’s straightforward and more accessible– When you use most payment options, you must go through a third party, often pay an additional fee, and wait for about a week for the transaction to be approved. All of that is void if you use Bitcoin or currencies of that sort. Block-chain tech allows you to make direct transactions to the casino, avoiding unnecessary inconveniences.
• It’s safe – Every Bitcoin transaction is encrypted, therefore, it’s one of the most secure ways to place bets. The transactions you make are immediately recorded in an online log, and no-one can change or tamper with it, so it’s not an easy target for hackers and scammers.
• You can protect your personal info – Another major perk that draws people to cryptocurrencies is the ability to make anonymous transactions. While casinos do require ID verification, your bank account won’t be directly connected to your casino account. That can further protect your banking info and provide you with a secure betting environment.
• Plenty of special casino offers – Many modern casinos, in an attempt to promote the use of this safe transaction method, host special cryptocurrency promotions. In many cases, you will get cashback bonuses or discounts if you complete a Bitcoin withdrawal, which is always a nice perk.

Cryptocurrencies Are on The Rise

The cryptocurrency market undergoes changes every single day. The value of every currency changes in the blink of an eye, and it is important to know which is the safest type of coin you can use.

Bitcoin (BTC)

Bitcoin is the first cryptocurrency to appear on the market, which also makes it the most widespread. Over the years, its value reached phenomenal heights – and some crushing lows. At the end of 2017, Bitcoin was worth $19,783.06 – a rise of 1,824% since the beginning of the same year. However, soon after that, the coin’s value crashed, reaching a value of $3,300 by December 2018. And yet, it was still the most powerful digital currency out there.

Even though the value of this cryptocurrency has fluctuated quite a bit in the past, it has been rather stable in the past two years. At this moment in time, Bitcoin is worth about $11,000-$13,000. Many casinos focus on Bitcoin users, which makes it a rather popular payment options among online players.

Ethereum (ETH)

Ethereum first appeared online in mid-2015, and it is the most popular cryptocurrency except for BTC. At the beginning of October 2020, it was worth a bit over $100, but its value rose to $400-$500 and it remained steady for months.

While it is not as renowned as Bitcoin, many casinos accept this currency, and you won’t have any issue with placing bets or withdrawing your wins.

Litecoin (LTC)

Litecoin is another popular cryptocurrency many online casinos accept. This currency was one of the first Bitcoin alternatives to appear on the market, and although its value isn’t very high – as it is worth about $55 – it is highly accessible and easy to use.

In Conclusion

Casino Bitcoin transactions have become more and more popular, as there are a lot of perks to using this modern payment options. Many gambling venues are adjusting to the new reality where digital currencies are commonly used, and players can certainly benefit from that!