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The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of these has to be the anonymity that using cryptocurrency offers. There are many players who might wish to keep their personal details private for a variety of reasons. The key one is that data breaches are becoming an increasing phenomenon in the online world – but if there aren’t any details on record, they can’t be stolen. Looking at it from the casinos’ perspective, this is another strong feature, especially when one considers the eye-watering fines that data breaches can attract – as British Airways recently discovered.

Another major advantage is the speed and security of transactions compared with traditional fiat ones. The latter can take days to be carried out thanks to the slow systems that many banks still rely on. While these may offer some advantages in certain payment scenarios, the same is hardly true for players in online casinos. Almost without exception, they will want to be able to deposit stake money and, more importantly, claim their winnings with minimal delay. In terms of security, the blockchain system ensures that the casinos can be confident that they will receive genuine payments that are also irreversible.

Then there’s the question of costs of transactions. Banks and other financial institutions tend to demand fairly high percentages while these are kept at a more reasonable level by the various currency exchanges like Binance, Upbit and Huobi. This has a knock-on effect for players too as the cryptocurrency casinos can afford to offer more generous bonuses than if they were being burdened by higher transaction costs cutting into their margins.

Last, but by no means least, there’s the fact that Bitcoin is a currency without ties to any particular country or financial institution, as well as being subject to some very well publicised fluctuations in price. The former makes it ideal for players in virtually any country in the world who can play and win without having to factor in the generally not very good exchange rates offered by their banks or card companies. The added fact that the value of the currency has the potential to increase rapidly in value (and decrease too) adds an extra frisson of interest for players who may like to gamble on more than just casino games.

Bitcoin casinos on the rise

The number of online casinos with bitcoin accepted as a form of payment is on the rise. Some affiliate sites now have a distinct section dedicated to them. As recently as a couple of years ago there simply wouldn’t have been enough to justify this, but times change quickly in the world of online casinos.

Currently, many of the sites offer the same kinds of games that can be found on so-called mainstream ones and there’s also a good selection for poker fans. But one thing that hasn’t yet started to appear is the adoption of cryptocurrency payments by the major online operators. This may be due to a certain nervousness about accepting a currency which has certainly earned a certain reputation in the past for being involved in less than legal activities. But as it becomes more and more accepted, this may well change in the future.

It’s simply a question of momentum and, as everyone from retailers to banks start to accept it as a legitimate currency, the current situation is certain to change as it becomes more widely used as an alternative to fiat currencies.

And that, we can be certain, will mean many more Bitcoin casinos on the way.

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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New Tendencies of Bitcoin Gambling

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Gambling has always been an integral part of human nature. Nothing is sweeter than the money you win, and that’s why wagering games have always captivated people throughout history. Last couple of decades saw the gamblers switch increasingly towards virtual gaming, instead of physically being inside a casino. The popularization of online casinos led to the integration of Bitcoin Gambling into the systems and today a very large share of the casino industry is based on the virtual currency.

Reasons behind the transition

The tendency to switch from classic casino environment was dictated by the fact of mobility and accessibility. But the new age has brought us cryptocurrencies like Bitcoin that revolutionized the gambling business. From now on, the gamblers of the world don’t have to rely on traditional banking transactions to be able to enjoy themselves online. A simple crypto-wallet and ownership of virtual currency is enough to engage in Bitcoin Gambling.

Bitcoin Gambling and Blockchain Technology

The big reason for the heavy shift towards Bitcoin Gambling is the fact that Bitcoin and other cryptocurrencies are based on the blockchain technology. This means that the process is decentralized, resulting in a much faster speed of transactions, when it comes to depositing or withdrawal of funds in or from the casino accounts. It also makes gambling incredibly secure,…

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Bitcoin

Bitcoin will return to the bear market? Bex500 senior investor teaches you how to get profit in the Bear market

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—— Don’t forget to join Bex500 bonus program at the bottom of the article.

Since September, the Bitcoin price has been decline from beyond $10000 to below the $8000, which 20% of the bitcoin value has been removed. The collapse of bitcoin price brings about the new panic in the bitcoin trading market. Many bitcoin investors are scared of the returning bear market as the early of this year. On the contrary, some of the bitcoin-believer, especially the investor who brought Bitcoin in the height of the price still thought that the bitcoin price will rebound very soon. However, it is no doubt that the early stage of the bear market has been shown up in the past month. Many crypto analysts start to predict the bottom price of this market movement.

However, as the market developed, crypto traders have detected more tools to safely pass through the bear market. They realized more ways to avoid the loss of the price decline; moreover, they began to earn profit from the bear market. The key to the tools is the bitcoin futures contracts. We are honored to make an interview with Bex500 senior investor Tom Beck and he introduces the details about bitcoin futures contracts. (Reporter=R, Tom Beck=T)

R: Hi, Tom, Thank you for accepting our interview, Could you introduce yourself?

T: Sure, My name is Tom, I have over…

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