Tag Archive: Satoshi Nakamoto

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.

Since its inception in 2008, Bitcoin has seen a dramatic rise in both acceptance and value. Now there are more than 70 million Bitcoin wallets around the globe. And its value has increased from virtually nothing to over $60,000 per Bitcoin. The fact that it's decentralised and anonymous to a certain degree has helped its popularity. As you can well imagine, the minute that casinos saw the currency becoming more accepted, they jumped in feet first. Now all online casinos will accept Bitcoin.

Since its inception in 2009, Bitcoin has grown exponentially in both value and popularity, and now is a regular payment option with many online casinos. Apart from Bitcoin, there are also other cryptocurrencies that are slowly making their mark in financial marketplaces around the world. For the online gambler, cryptocurrencies offer both better security as well as the feeling of being safer. You're less likely to be scammed or lose your personal details if you're making use of Bitcoin.