Bitcoin
Hybrid Bitcoin Casinos or Bitcoin-Only Casinos – Which Are Better?
The rise of cryptocurrencies over recent years has had an impact on several industries. Gambling is one such industry, and many of the best online casinos offer Bitcoin as a payment method.
Some of these casinos work exclusively with cryptocurrencies, while some are more traditional gambling sites that simply have integrated crypto on top of their fiat options.
This post will take a look at the advantages of joining a Bitcoin-exclusive casino on the web versus picking a hybrid one.
Advantages of Hybrid Bitcoin Casinos
Let’s start with the hybrid Bitcoin casinos. Usually, those are traditional gambling platforms that have been around for a long period of time.
They offer classic payment methods such as Visa, PayPal, Skrill, and similar. At some point, they decided to add Bitcoin and potentially other cryptocurrencies to their portfolio.
If you decide to join an online casino of this type, you will be able to enjoy the following benefits.
Lower Risks
Such online casinos often have a strong reputation and are licensed by respected gambling commissions such as the UK Gambling Commission, the Malta Gaming Authority, and similar regulators.
They are known for protecting the customers and monitoring all actions of every single casino. Your money and personal data will be safe with most casinos backed by such a name in the industry.
In comparison, BTC-exclusive operators are usually regulated by offshore gambling commissions that are not on the same level.
Better Products and Higher Variety
Another advantage of the experienced hybrid casinos that work with Bitcoin is the quality of their products. They use the services of some of the best studios on the market and offer the best games available. It could be slots, card games, live casino tables, video poker, you name it.
On top of that, the variety usually is much higher compared to Bitcoin-only casinos. Many of the leading platforms out there can offer hundreds of different titles. You would struggle to run out of fresh games to pick from and new options are added all the time.
Other Payment Options
The option to pick different banking methods could be useful. You can make deposits or withdraws with Bitcoin, but decide that you need the money in your credit card or something else in a certain situation. It’s handy to have a choice between many reliable providers.
Advantages of Bitcoin-Only Casinos
Your other option would be to pick a Bitcoin-only casino. This means that the gambling platform will only use BTC and potentially other cryptocurrencies. You won’t have access to mainstream banking options that work with fiat currencies.
Here are the main reasons to do that.
No Country Restrictions
Certain countries like the USA, for example, have restrictive online gambling laws. They don’t allow local citizens to use the services of internet casinos, so most of the traditional sites simply don’t accept such players.
This is not a problem for BTC-exclusive casinos. The unclear status of cryptocurrencies in most parts of the words makes them the perfect option for players from restricted territories.
No Personal Information Required
Many Bitcoin casinos won’t require you to add personal information or go through boring Know Your Customer (KYC) procedures, unlike the hybrid casinos. You can simply open an account using your email or in some cases, you don’t even have to do that.
You can stay completely anonymous and that’s one of the core advantages of Bitcoin in general.
Smaller Minimum Bets
If you have a small gambling bankroll and don’t want to take big risks, you should probably pick Bitcoin-only online casinos. Most of them come with lower minimum wagers, so you will be able to last longer if you have limited funds.
Conclusion
There’s no right or wrong choice here. The hybrid Bitcoin casinos offer a better service overall and they are safer on average. However, the exclusive crypto gambling sites are available to players from all over the globe and are often anonymous.
Picking either option depends on your personal needs and requirements.
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Bitcoin
Bitcoin Price Dumps Below $41,000 Amid Uncertainty
Bitcoin price dumped hard on Monday, briefly slipping below $41,000, erasing gains recorded in the previous week. The premier cryptocurrency seems to have exhausted its recent rally propelled by industry vulnerabilities. At the time of writing, the world’s largest cryptocurrency was trading slightly lower at $41,385. Bitcoin’s total market cap has dipped by 2% over the past day, while the total volume of BTC tokens traded over the same period climbed by 58%.
Fundamentals
Bitcoin price has been facing retracements and a rollercoaster over the past few days after recently rocketing to a 20-month peak. On-chain data has suggested that many investors used the opportunity to take some profits, leading to a decline in the asset’s price.
Bitcoin’s price slump is mirrored in the wider crypto market, with the global crypto market cap decreasing by 1.85% over the past 24 hours to $1.55 trillion. The total crypto market volume has increased by 32% over the same period. The Crypto Fear and Greed Index has plunged from a level of extreme greed to a greed level of 70, suggesting a decline in risk appetite.
Ethereum, the largest altcoin by market capitalization, is currently trading at $2,167, down almost 3% for the day. Meme coins have been hit hard by the market slump, with Dogecoin and Shiba Inu down by more than 4% over the last day.
Last week on Thursday, cryptocurrency experts took notice of…
Bitcoin
Bitcoin Price is in Consolidation Mode Despite Market Optimism Post-Fed Decision
Bitcoin price edged lower on Thursday despite optimism in wider markets on the back of the Fed’s interest rate decision. The flagship cryptocurrency has been consolidating above the critical level of $42,000 after briefly topping $44,000, its highest level in 20 months. Bitcoin was trading 0.71% lower at $42,569 at press time. BTC’s total market cap has increased by more than 3% over the last day to $832 billion, while the total volume of the asset traded over the same period jumped by 22%.
Economic Outlook
Bitcoin price has been trading sideways over the past few days, suggesting a pause in its recent rally towards $45,000. The premier cryptocurrency has decreased by 4% in the past week but remains 15.22% higher in the month to date. The digital asset has staged a significant recovery this year after a torrid 2022 in which a string of scandals, including the collapse of FTX, led to a market meltdown, undermining the credibility of the sector.
The crypto market has been buoyed by the Fed’s latest interest rate decision. The US Federal Reserve on Wednesday held its key interest rate unchanged for the third consecutive time, in line with market expectations. With the easing of the inflation rate, members of the Federal Open Market Committee (FOMC) voted to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.
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Bitcoin
Bitcoin Price Blasts $44K in Spectacular Surge as Spot Bitcoin ETF Approval Looms Large
Bitcoin price has been hovering above the $43,000 psychological level over the past two days amid anticipation about the potential approval of a spot bitcoin ETF. The flagship cryptocurrency has climbed more than 16% in the past week and nearly 170% in the year to date. Bitcoin’s total market cap has increased by nearly 5% over the past 24 hours to $858.9 billion, while the total volume of the token traded rose by 43%. The Bitcoin price was trading at $43,914 at press time.
Fundamentals
Bitcoin price has posted significant gains over the past few days, climbing to its highest level since April 2022, before the crash of a stablecoin that started a litany of company failures, pummeling crypto prices. The world’s largest cryptocurrency briefly topped the crucial level of $44,000 on Wednesday amid rising momentum despite being massively overbought.
According to analysts, with no spot bitcoin ETF approvals yet and the halving event five to six months away, the market is riding on FOMO. Capital has been flowing in the Bitcoin market amid enthusiasm that the launches of spot ETF will bring in billions of dollars of new investment into the crypto sector.
Investors have already started providing capital as seed money for ETF products. Notably, a recent report by CoinDesk showed that the world’s largest fund manager, BlackRock, received $100,000 in capital from a seed investor for its spot bitcoin exchange-traded fund…
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