Vegas is the most famous gambling city in the world. The bright lights and massive casinos make it extremely attractive for players around the world to come and try their luck.
One popular game type is scratch cards. They are lots of fun and if you get lucky, the top prizes can change your life!
But is there a better chance of winning in Vegas with Bitcoin scratch cards? What are the advantages of using Bitcoin for gambling?
This article will answer these questions in the following 7 points. By the time you’re done reading it, you may never wish to use Uncle Sam to play in Vegas again.
1. Bitcoin Gives You More Privacy
Cryptocurrency has been around for a while now, but it all started with Bitcoin. It originated back in 2009 with the aim to provide better security and privacy for online transactions.
Bitcoin is decentralized so banks and governments do not have jurisdiction over it or any of the transactions used
Just like most other significant cryptocurrencies similar to Bitcoin, it is a decentralised unit meaning that no banks or any government’s system has jurisdiction over it or the transactions made using it. This means that none of your personal or payment details are visible anywhere online.
All you have to do is provide your cryptocurrency wallet address and you can start depositing and withdrawing.
This is excellent for gambling in Vegas since your details are kept safe from hackers attempting to steal your money.
2. Bitcoin Is Secure
As gambling is legal in Vegas, it’s vital you protect yourself at all times. As mentioned above, Bitcoin for gambling is very secure. Whenever you need to access your gambling funds, you will never be asked for any personal information. All that’s required is your cryptocurrency wallet address and a username.
If the casino asks you for any more details, you don’t have to provide them. This goes for both in-land casinos and online casinos so pay attention while you’re in Vegas.
3. Bitcoin Charges Low Fees
The fees associated with Bitcoin transactions are very low. This is because, since it’s a decentralized system, transactions are not reliant on banking systems or services.
Instead, all Bitcoin transactions are stored in the blockchain. This is the database that all cryptocurrencies are built on. The blockchain ensures Bitcoin operate correctly keeps track of all transactions.
The fee you are charged is small and is subtracted from your withdrawn amount. This fee is then used to maintain the blockchain.
In fact, it’s so small that you may not even notice you’ve been charged. As such, this increases your profit margins as the fees regular banks charge to process a transaction can easily eat away at your earnings.
4. Bitcoin Transactions Are Fast
Living in Vegas never feels slow, and neither are Bitcoin transactions. Thanks to the decentralization, the time it takes for Bitcoin transactions to complete is minimal.
Fiat currency can take hours or even days to complete a transaction. On the other hand, Bitcoin uses no intermediates so as soon as Vegas approves your withdrawal, the money is almost instantly sent to your wallet.
However, note that the transaction can only be carried out once the current block of the blockchain has completed. This can take between 10 minutes and a couple of hours. Of course, this doesn’t come into play until the casino has taken its time to authorize your withdrawal anyway.
But even so, the whole transaction process with Bitcoin for gambling is far quicker compared to fiat currency.
5. Bitcoin Bonuses and Promotions
Lucian Marinescu, partner at OnlineCasinoGems, explains that using Bitcoin for gambling gets you bigger and better promotions:
“In the case of online casinos, you will often find match bonuses between 50 and 100% on your first deposit up to a few hundred dollars. On the other hand, in the case of Bitcoin deposits, you are almost guaranteed to get a 100% match bonus on your first deposit up to at least 1 Bitcoin. You will also find bonuses for future deposits to be generous too, such as lifetime reload bonuses.”
The more money you have available, the bigger your potential winnings. This is great for casino games like video poker and slots. In the case of scratch cards, if you continue to keep playing the same game, your chances of winning increase too.
Casinos that allow Bitcoin deposits can offer extra incentives to play like free spins on the best slots in Vegas, special cashback bonuses or even invitations to exclusive events. Since Bitcoin is worth a lot of fiat currency, casinos want you to play and will do all they can to bring you in.
6. Value Of Bitcoin
Bitcoin is valued at around $8,700 right now. While it peaked a couple of years ago, it’s managed to sustain at this current price point for a little while now.
But why is this important to using Bitcoin for gambling?
Look at it this way: a single Bitcoin was valued at around $1,000 at the beginning of 2017. If you had exchanged it for fiat currency back then, rather than leaving it in your wallet, you would have been left with far less money than if you withdrew it now.
If you are to gamble with Bitcoin, it’s very important you keep an eye on its price. It affects your winnings so if you do it correctly, you can make a lot of money.
When it first launched, you could have bought Bitcoin for a few dollars. Now, in 2019, if you had kept them, you could easily be a millionaire, if not a billionaire – provided you didn’t exchange them for fiat currency before now.
It’s also important to consider the Bitcoin mining process. Bitcoin mining helps the blockchain track each transaction by using special hardware and software. But while cryptocurrency mining can be a profitable business, it’s certainly not in the case of Bitcoin.
This is due to the huge number of people getting involved. Many miners are investing in robust computers, making it extremely tough for smaller players.
Gambling with Bitcoin can help win you a lot of money while keeping your details safe and secure. As cryptocurrency is used more and more in Vegas, it may not be long until it’s all you use to play.