There are two types of Bitcoincasinos. One which accepts the bitcoin which are called the bitcoin exclusive casinos while the other one is the one that accepts other fiat currencies that are standard and they are referred to as hybrid casinos.
Several years back, it could have been easy to convince someone to join the casinos which are bitcoin exclusive instead of the hybrid because of the following reasons:
• Banking: Their payment processing is quite fast.
Once it is processed, the payments are disbursed immediately with no fees attached to them. When you compare that with the hybrid casinos which often tend to charge high fees, taking several days before the process is completed for the withdrawals and deposits even if you happen to be using bitcoins, that is an advantage.
• Currency At the casinos which are bitcoin-exclusive, you will be able to play using bitcoin, whereas for the hybrid casinos, your bitcoin is converted into the fiat currency. It is something that is not good because of several reasons with the main one being:
o You will have to worry about the exchange rates. Which is worth more – the bitcoins or the USD? Are you likely going to lose money in case the trade that happens today over the one that happens tomorrow or the day after? It is possible to come ahead as it is the nature of investment. But why should you go ahead and add another variable, which is the dollar in the mix if there is no need to?
• Provably fair games: It is something that is complicated to understand or explain. But the general idea is normally that you will be able to insert in your own code in the algorithm of the games which you can utilize in verifying the fairness of the game after each round. It is not possible when it comes to the games that are offered at the hybrid casinos.
• Smaller tables limits: You will be able to play for the smallest amount of the BTC which is 1mBTC. At the current value of the bitcoins which comes out to about $0.73 per hand/round. But even at about 5mBTC, which is about $3.64, it is still cheaper and the middle of the road between the offline and online gambling sites.
• Good for the Americans: There are no laws which regard the bitcoin. With that being the scenario, it becomes an option that is excellent for the Americans to be able to use in funding their casino accounts. There is no need of dealing with banks or having to worry about the card being declined or the payments to take a longer time in processing.
• Anonymity: One of the biggest perks of bitcoins is its anonymity. You don’t require having a social security number or a name in order to open a bitcoin wallet, receiving or transferring bitcoin payments as you only need a wallet. Most sites that are bitcoin exclusive take the same approach with the accounts of the players. They only request for a bare minimum if there is a need for an account.
• Odds: According to research carried out, it shows that the games which are found on the casinos which are bitcoin exclusive have odds that are slightly better as compared to the hybrid casinos.
Click on this link https://sites.google.com/view/bitcoincasinos/home to get more information about bitcoincasinos.
At the casinos which are bitcoin-exclusive, you will be able to play using bitcoin, whereas for the hybrid casinos, your bitcoin is converted into the fiat currency.