It is important to know that the development of blockchain technology has significant impact on gambling industry. Bitcoin gambling helps you to unlock the potential of the cryptocurrency world. Ensuring anonymity, secure transaction and instant payouts, Bitcoin is one of the most convenient medium for gambling. Despite its popularity, the UK residents require license from UK Gambling Commission, they must meet the organization’s anti-money laundering requirements, to gamble in bitcoin and other decentralized currency. But there are still some other ways for UK residents to operate this online gambling via crypto currencies. There are few top-listed UK gambling platforms that may not directly support crypto but accept various intermediate payment methods so you can still use crypto currencies for online betting sites.
Merits: There are various merits of Bitcoin gambling for players
- Easy Transaction – Crypto transactions can be easily made at low cost and more exclusive than any other transaction by simply using smart phone app, exchange wallet and hardware wallet. Anyone can send or receive a variety of cryptocurrencies
- Decentralized – Here you own your money and control your transaction as no one freeze your crypto account due to absence of a central authority in the system.
- Incredible Security – Decentralized cryptocurrency are made for secure transaction because they are based on cryptography and blockchain security. Bitcoin is the most secure crytocurrency , having the higest hash rate. Highest the hash rate the more computing power it take to compromise the network.
- Privacy – It is one of the major advantage of crypto currencies as no personal data is involved in bitcoin wallet, but crypto isn’t that private as you think. Blockcain create a public ledger that record all transaction forever and only shows wallet addresses. If a person connect to user’s identity to a specific wallet, then tracking transaction can be possible.
- Low transaction fee – Since the absence of middleman in this decentralized network allow you to transact crytocurrencies without any charges for anything. But the way this technology is set up there may be some charges for faster transaction process and for conversion of crypto currencies into edict currencies.
- Inflation Hedge – with a limited supply capacity of minable crypto currencies are thought to be good hedges against inflation. Monetary inflation can occure when central banks and government print more money, increasing the supply, products that re more scarce tend to appreciate in value. Here bitcoin protocol is designed to keep those coins scarce forever irrespective of what happens with monetary policies.
- 24/7 Market – Stock exchange market open on weekdays for particular time interval for business. On the contrary Crypto market is available for trade 24 hours irrespective of weekend or holidays without exception. Some of the things that can restrict the operator is power outrage, internet outrage or centralized exchange outrage.
Above mentions are some of the ways that help and motivate the online gamblers to use crypto currencies for their interest and for quick money making.
BEST CRYPTO CASINOS:
The online casinos provides a platform for operators to use several cryptocurrencies to deposite , wager and withdraw your winnings.it enable gamblers to play and wager on casino games through internet. Some of the amazing online casinos for gambling enthusiast are-
- BitStarz- Top reviewd Bitcoin online casino.
- 4000+ games to explore
- 100% deposit match up to 1BTC
- Good BitStarz bonus code
- Accept 6 forms of crypto
- No live dealer games
- No edict currencies accepted
2. 7Bit- Slots-centric Bitcoin casino.
- 1500+ online slots
- Accept edict currencies
- Low betting limit
- Best for Ethereum casinos
- Average RTP 95%
- No live dealer games
3. Stake- Unrivaled online casino and provide sports betting.
- 1021 games available
- Accept 130+ cryptocurrencies
- Language Diversity
- Two-factor authentication
- Average RTP 99%
- Sports betting odd
- Limited information
- No welcome bonus
4. CloudBet- Offers all your favourite BTC slots jackpot slots and table games.
- Fast payout
- Plenty of crypto currencies accepted
- Range of live dealer games
- Largest welcome bonuses
- Not the largest progressive jackpots
- No VIP scheme
5. mBit- Innovative games and impeccable customer support.
- Fast website and fast support
- High welcome bonus
- Crypto only casino
- Only 2 supported language
- No edict currencies accept
There are many more virtual casinos available for the gamblers , listed here:
7. Wild Casino
8. Slots Empire
10. Red Dog and many more
The online gambling industry is booming industry and worth an estimated USD 66.72 billion every year. It is quite feasible to make quick and easy money online using gaming websites. From virtual cards and online sports betting, there are thousands of ways to gamble cash through digital casinos. Crypto gaming combines online games and gambling with crypto currencies such as Bitcoin, Dogecoin , Ethereum , Tether etc. rather than traditional edict currencies like US dollars, Pounds, Euro etc. The popularity of these digital currencies has been on the upsurge over the past few years.