Though bitcoin is a relatively new option, players and casinos are taking a strong liking to this new method of deposit. In fact many online casinos actually prefer that their players use this option for deposits, so much so that they will even offer promotions that encourage players to start using bitcoin. Below we will take a look at the benefits of using bitcoin and explain why many online casinos are now offering bitcoin bonuses to attract new players.
Bitcoin may be one of the most exciting things that’s happened to the online gaming industry in the last decade. It allows for transactions to be processed from the player to the casino and vise versa, instantaneously and without the need for a traditional banking or other financial institution. It is this process that cuts out the middle man, virtually eliminating all transaction fees. Bitcoin has been around for quite some time but it wasn’t until recently that the online casino industry began offering it as a deposit and withdrawal option to players.
There are several perks to using Bitcoin as a method of depositing at an online casino. Firstly, players will reap the benefits of much more flexible transaction limits. There are little to no fees when you use Bitcoin, and this holds true for both deposits and withdrawals. One of the biggest advantages that players seem to enjoy is faster processing times when cashing out. The processing time is now instant for deposits and once the online casino reviews a cash-out request, usually done within 24 hours, withdrawing the funds is nearly instant as well. There are also much higher withdrawal limits, meaning those big jackpot winners can receive their winnings in full almost instantly. At the same time, you can deposit and withdrawal to and from the casino in much smaller increments.
So we now has faster processing times, more flexible deposit and withdrawal limits, and have eliminated almost all processing fees. This greatly improves the experience of the online casino, while saving them both time and money by lowering their overhead fees. Its no wounder they are willing to offer some pretty incentivizing bonuses just for giving bitcoin a try!