Tag Archive: Bitcoin

Different players from countries around the world tend to spend huge variations when it comes to both online and land-based casino, lottery and sports betting spending. From the numbers we can see that Australians top the list. Much of this has to do with attitudes towards gambling in different societies. Many struggle with balancing a negative religious viewpoint with the reality of all those gambling tax dollars being able to help subsidise public spending.

When you make a deposit in a regular and reputable online licensed casino, you are willing to take a calculated risk that the casino in question will not run off with your funds. That's because the gaming license covers you for any bad behavior that might end up costing your bankroll. But an offshore crypto casino feels no such obligation towards their customers. You have no idea whether their games are fair or how seriously they take their financial responsibilities with your cash.

Bitcoin has certainly come a long way in a relatively short time frame. Today, many of the biggest online casinos accept Bitcoin as a valid payment option. However, there are some factors that make using Bitcoin for deposits and withdrawals a risky venture. With the cryptocurrency being anonymous, fraudsters can run riot simply because any users don't understand the serious security implications of using a crypto wallet. Also, Bitcoin is extremely volatile making it almost useless as a currency.

When the first stone age man threw a handful of dinosaur bones onto the ground as dice, we have all been somewhat addicted to the idea of gambling. Whether for money or just to prove we understand the future better, everyone loves to take a flutter once in a while. There are many deep-seated psychological reasons behind this, with many being related to the same emotional rushes we get from drugs and sex. However, knowing why we gamble isn't going to necessarily affect those who love gambling.

Traditional bank transfers were once one of the only means of moving funds from one bank account to another. But since the introduction of newer and more efficient transfer options, the system is gradually falling behind. After all, no online gambler wants to wait hours to play after making a deposit. Or worse still, have to wait up to 5 days to see any winnings when they make a withdrawal. Then there are the fees, which are not cheap. Especially when compared to many other options that are free