The owners of virtual gambling establishments take into account modern technology. They try to make things as easy as possible for their users so they allow the use of digital currency for financial transactions. For example, Bluechip online casino has several types. These are Bitcoin and Ethereum. The first option is the most popular among users. Detailed information is shown on the page “Payment Methods”. The name of this section is located at the bottom of the main page of the site https://bluechip.io/.
Why Cryptocurrency Gambling is Popular?
A casino that accepts Bitcoin cryptocurrency has a lot of great advantages over land-based venues. You can consider them on the example of the site Bluechip.io, which accepts adult residents of India.
Anonymity and Privacy
Anonymity is the first reason for Bitcoin’s popularity. It relates to basic human rights. Free transfer of funds is ensured. It is possible to maintain full anonymity during your activity. Other users can see the actions, but the identity is not revealed which is really a great advantage today.
Digital currency is an opportunity to protect your civil rights when taking specific actions on the Internet. These include:
- sending data;
- uploading programs;
- downloading applications.
Users appreciate that their privacy is respected. Their data is not disclosed to third parties.
When registering, the administration of most virtual halls requires players to specify bank details and payment information. Some people consider any credit card information to be confidential. There are customers of Bluechip casino, who seek to maintain their privacy.
They have appreciated the benefits of blockchain technology. Various mechanisms are used. For example, the database is stored in blocks. The latter are combined with each other in a single chain. Information about users is reliably protected. When creating a wallet, a form is filled out (only once). At the second stage, a deposit is made (in the casino). The verification of identity is becoming a rarity.
Guarantee of Transparency
Regular halls often resort to various tricks to attract new customers. These include inserts with jackpot sizes and the names of winners. Users register, make high bets, but win rarely. There is no direct cheating, because it is difficult to prove anything.
This is not the case at Bluechip online casino. It is difficult to hide information because of its transparency. The platform is simple. Any changes can be noticed even to the naked eye. All games are complemented by random number generators. The winning combination depends only on this algorithm.
Accessibility and Convenience
All casinos online that accept digital currency are considered the epitome of convenience. Such sites are especially popular among residents of countries where gambling is restricted. Customers receive a full list of wonderful privileges. It is important that there are no territorial restrictions when registering. If the region is on the list of banned, it is impossible to withdraw winnings (even with the use of a VPN).
Another important nuance is the management of winnings. Users can instantly withdraw BTC being in any country of the world. In addition, customers are not faced with paying additional fees. Transactions are available due to the lack of regulation.
Pros and Cons of Blockchain
Blockchain technology is a chain of blocks. Data is stored on millions of computers that are owned by independent users. There are seven advantages.
- Low commissions. When compared to bank fees, commissions are many times lower.
- High speed. Transactions are carried out in minutes.
- Independence. Financial operations are processed without intermediaries.
- Absence of regulation. There is no control, so the state or the bank does not interfere in the process.
- Data security. Information is stored in blocks that are available on users’ computers. This minimizes the risk of technical failures or hacker attacks. If multiple devices fail, no data is affected.
- Security. Hacking is impossible thanks to the mechanisms of cryptography.
- Transaction transparency. Thanks to the open access, any user can trace all the financial transactions he made from the cryptocurrency wallet.
Users who seek to generate BTC on their own face disadvantages. These include high power consumption.
Variety of Games
Fans of gambling take into account the variety of games of chance. There are more than 1,000 of them. They are distinguished from the slots in regular casinos by a high percentage of return. Most often the RTP exceeds 95%. In some games, this figure reaches 99%. The collection usually includes:
The first variety is the most popular. Slots with reels are easy to test. They are chosen by beginners, because no special knowledge is required to be a winner. It is enough to choose the bet size, run the reels and wait for them to stop. If there is a win, the appropriate notification appears.
Bonuses and Promotions
As in land-based casinos, there are bonuses and promotions. Newcomers can activate the welcome package if they wish. Most often it is given in the form of a boost to the deposit. With the timely wagering there is money for real bets. The second direction is the reload. You can take an increase to the amount with each deposit. Sometimes you can get free spins to learn an old or new slot machine.
Conclusion: Why Users Gamble on Cryptocurrency
Bluechip casino India is an ideal option for playing on cryptocurrency. Visitors can maintain their anonymity if they wish. Family members and others around them will not find out about your visit to the virtual hall. In addition, digital currency is not regulated by the banks of the world. Therefore, users do not need to provide financial information. When making transactions, only the number of the e-wallet is entered into the form.