Whenever we speak about bitcoin, a whole bunch of associations arises in our minds. It’s a modern cryptocurrency that has gained trust of many investors all over the world. At the same time, it’s still considered to be innovative for some groups of people. However, bitcoin trickled down to multiple business sectors including gambling industry and, in particular, online casinos.
There is a big amount of online betting platforms with a bitcoin payment option and it’s a very appealing point for many players when choosing a site to play casino games. Today we’re going to talk about this cryptocurrency’s immense popularity and tell you what web casinos provide an opportunity to make bets with bitcoins.
Bitcoin is a digital currency with a high level of security provided by cryptography and decoding messages to a secret cipher or code with the help of a blockchain technology. It is an immutable and decentralized ledger of transactions that provides instant and transparent information, which is only accessible for permissioned network members. Blockchain is able to track payments, orders, accounts, production and many other things. It’s important because all the details of a transaction can be seen end-to-end and members share the same view of the subject. With all that said, users have more confidence, as much as more new opportunities and efficiencies.
A blockchain network ensures getting accurate and timely data to its members only and no third party. A greater level of security is guaranteed as well.
Smart contracts are what brings more proficiencies as it speeds transactions considerably by implementing a set of rules that are executed automatically. It’s able to define conditions for corporate transfers or terms of insurance payments and so on.
To sum up, those are three key elements of a blockchain:
- Immutable records;
- Distributed ledger technology;
- Smart contracts.
Utilized together these make a secure and precise data transmitting with full security.
Advantages of playing at bitcoin casinos
Online gambling industry has been actively developing over the last decade. Modern technologies have been implemented so nowadays there is a huge number of crypto online casinos including betting platforms with a bitcoin payment option. What are the benefits of playing on these platforms over conventional ones? Here are some reasons for that:
- Bitcoin online casinos are confidential. Among other advantages that’s the crucial one. It’s extremely important for players to be able not to disclose personal data about themselves. The majority of gambling sites require the obligatory identity verification, as much as linking to a user bank account. However, there are people who prefer not to share sensitive information.
- Super small bets opportunity. Bitcoin allows to make microbets with no problems at all. That is to say, if you’d like to enjoy your favorite games without spending a lot of money, bitcoin casinos are a great option for you.
- Bitcoin volatility. Cryptocurrencies’ volatility is a great advantage for many people. Online casino players, in particular, will be able to benefit in case of the bitcoin rate rising. It’s an undeniable privilege. There isn’t a single person who would refuse the benefits of having a profit when the bitcoin rate increases.
The list of Australian bitcoin online casinos
Below you can see the list of online casinos available for Australian players where you can make bets using bitcoin. To make it even easier for you to select, we describe briefly every platform presented in the list.
King Johnnie Casino
This is a young yet popular online betting platform with a broad choice of games and multiple appealing promotions including a generous welcome bonus of $6,000 and 200 free spins in addition. For those of you who prefer to play on the move, King Johnnie Casino has developed a mobile version which is made seamless and provides an opportunity to get the best gaming experience from any location with the working Internet using a mobile device. Besides, the platform provides high-quality customer support round the clock and supreme security.
Red Dog Casino
If you’re looking for a bitcoin betting platform with high RTP, we recommend that you try out the services of Red Dog Online Casino. They state the average payout percentage of 98.56% which is fairly high compared to other competitors on the market. The casino is licensed by Curacao and implements an SSL encryption protocol to prevent cyber attacks so in terms of security this site is trustworthy. In case of having an issue you can reach the customer support through an email, live chat facility or a phone call, depending on your preferences and urgency of your problem.
This gambling site offers an incredible amount of software providers to choose from. It also has multiple payment methods for depositing and withdrawal including, of course, bitcoin and several other cryptocurrencies, while the processing time is instant for many options. Casinochan provides playing services in 4 languages and also is available to play from a mobile device. Customer support responds quickly and professionally with 24/7 working live chat.