In the last few years, Bitcoin casinos have increasingly become popular to cater to the ever-growing demand for anonymous gambling. The difference between Bitcoin and other traditional online payment methods is that this is a decentralized currency. So, it is not monitored by any governments or banks. That said, Bitcoin gamblers can play anonymously, and the transactions are pseudo-anonymous.
Another great feature of Bitcoin is the fast turnaround. Bitcoin deposits are typically quicker than the traditional centralized payment methods (fiat money). This is because fiat transactions go through several bureaucracies that Bitcoin transactions don't have to.
It's also worth mentioning that Bitcoin transactions attract lower fees as there are no intermediary institutions that want to make profits or require government taxation.
So, how do players deposit with Bitcoin?
For the record, Bitcoin is more of a currency than an online payment method. To deposit Bitcoins to a casino account, gamblers must use a crypto wallet, such as CoinsPaid, the safest cryptocurrency wallet in the world.
Other popular crypto wallets include CoinPayments, CryptoAPI, and UberPay. The choice of crypto wallets that gamblers can use depends on the particular casino. So far, so good. CoinsPaid is the most popular crypto wallet on many Bitcoin casinos.