Bitcoin is a type of cryptocurrency that can be used to purchase products, pay stakes, and services similar to a typical currency. Bitcoin is the pioneer and still the most popular and widely used among decentralized digital currencies. Bitcoin has a strong influence in the online casino since cryptocurrency is very much accepted in this industry as part of their payment scheme.
The popularity of Online Casino in the US
The online casino mimics the ambiance and the games of the bricks-and-mortar casino which applies the same rules but is played on a gadget with the aid of a strong internet. The influence of technology made the popularity of the internet casino sky-high. According to Statista, the current size of the global online gambling market reached nearly $ 59 billion and it is predicted that it might reach $ 92.9 billion by 2023.
Online gambling consists of casino games, poker videos, slot videos, and other casino table games. Since we are currently living in a digital world, the house of gambling successfully merged with it thus making it more convenient because anyone can have access to casinos anytime and anywhere using modern gadgets such as android cellphones, iPhones, tablets, laptops, smartwatches, and personal computers. Smartphones are preferred by the majority, though.
Because of this phenomenon, numerous online casinos are popping up on the internet. Each has its own style of marketing its site and perks to invite prospective players to try their casino site. Here is a one-of-a-kind casino site because not many online casinos offer a minimum deposit using Bitcoin. It may not be rare in an online casino but not all gambling sites offer such. To find out, do check the site indicated.
Facts about online betting in the US
Wagering online in the US, as their physical casinos depend on the federal level which means that not all states in America legalized gambling. Due to the popularity of the online casino, the majority of the states in the US applied for it to be legalized in their city. However, only a few states are given a green light to operate an online casino.
These states are:
- New Jersey
- West Virginia
More than half of the states in the US introduce sports betting online since it was approved in the Supreme Court ruling in 2018. Prior to that, only four states are allowed by the Professional and Amateur Protection Act (PASPA) to operate sports bets. These are Oregon, Nevada, Montana, and Delaware.
What makes Bitcoin appealing to Online casinos using minimum deposit?
Betting online using a minimum deposit seems small which means the risk is minimal and aside from that online casinos do not offer a minimum deposit requirement which is typical for most operating casinos. Now, if the player will wager using the Bitcoin it will be much easier because they will be automatically redirected to the cashier then using your Bitcoin wallet address and the deposit the player can instantly enjoy any real money casino games.
Things to consider in Minimum Deposit Bitcoin Casino
Before deciding to wager using a minimum deposit, let’s consider the following:
- Limit the minimum deposit
- Bonus to receive with a minimum deposit
- Security and Speed
Speed and security are guaranteed since the majority of the legit online casinos always make sure of the satisfaction of the customer. However, if the player uses Bitcoin or other Altcoins allowed at the casino site one has to make sure that the deposit should be equal to or higher than the minimum deposit because the casino site payment system won’t process the transaction if the deposit is below the minimum. Moreover, making lower deposits might not reach your account nor will it be returned so it is imperative to check the terms and conditions of the site.
Other bonuses such as the welcome bonus might not be offered for making a minimum deposit so might as well hence it is advised to discuss it with the customer service representative of the site for clarifications.
Wagering online with a minimum deposit using bitcoin is efficient and offers a low risk of losing money and the player can get a chance to try other bitcoin games offered. However, the player should be aware of its downsides as well.