General Should You Use Bitcoin For Gambling in 2021?


The use of Bitcoin for online gambling has increased dramatically in recent times. It wasn’t that long ago that there were only a couple of sites accepting digital currency, but that’s all changed now. With a growing number of gamblers choosing to use Bitcoin for their gambling transactions, sites have had to adopt the currency or risk losing customers.

Bitcoin offers several advantages to online gamblers. There are some disadvantages, too, but for many, the pros outweigh the cons by quite some distance.

You might not understand why this is if you’re not from America, so let us explain. Online gambling is something of a challenge in the United States, thanks to a piece of legislation called the Unlawful Internet Gaming Enforcement Act (UIGEA). This was passed back in 2006, and contrary to popular belief, it didn’t actually make online gambling illegal.

What it did do, however, was make it illegal for banks and financial institutions to process online gambling transactions. As a result, many of the leading gambling sites pulled out of the US and stopped accepting American customers. This left American gamblers with much less choice of where to bet and play and most of the sites they could use were facing challenges in processing deposits and withdrawals.

Most US-friendly gambling sites still face those challenges today. The best ones have found ways to overcome the problem to some extent, but they’re not always able to process transactions as quickly and effectively as they’d like.

If you live in the United Kingdom or another region where online gambling is fully legalized and regulated, you’re probably used to instant deposits and fast withdrawals. Online gamblers in the US are not so lucky. Deposits can take a little while to be authorized, and withdrawals regularly take a few days or longer.

Bitcoin solves this problem. Because this currency is not regulated or controlled, it’s much easier for gambling sites to process transactions. Deposits are usually more or less instant, and certainly faster and more reliable than other banking options. Withdrawals are often received by customers in a matter of hours, which is a huge improvement.

Most of the other advantages of gambling with Bitcoin have nothing to do where you live. So, regardless of your location, it’s worth looking into gambling with Bitcoin online, especially for your online gambling transactions.

Some sites, however, are particularly good for specific types of gambling. These aren’t always great at everything, though. For example, one of our favorite sports betting sites has a terrible selection of casino games. We’d never recommend that as a good all-rounder, but it features in many of our lists of recommended sports betting sites.

Now, if you play at reputable and legitimate online casinos, then you’re going to be playing fair games anyway. They don’t need to prove fairness in the same way, as they’re subject to third-party audits due to the regulatory requirements they’re required to adhere to.

However, there are plenty of gamblers who are cynical about the fairness of online casino games. We know a few people ourselves who are absolutely convinced that all online casinos are fixed and designed to rip you off. This is completely irrational, as casinos already have the advantage of the house edge without needing to do anything unethical.

There have been some cases of crooked online casinos rigging their games, but such casinos are very much in the minority. Nonetheless, there are probably always going to be gamblers who don’t even trust the reputable operations. Provably fair gambling would appeal to them, as they can check for themselves that the games are performing as they should.

Bitcoin Gambling​

First and foremost is the fact that we have certain evidence that they can be trusted. They’re reputable operations that won’t rip you off or try to cheat you in any way. Unfortunately, the same cannot be said of every single gambling sites.

Other factors that make these sites great include the range of gambling activities available, the bonuses and rewards on offer, and the general user experience. They’re all sites that we regularly use ourselves, and we’re confident you’ll like them just as much as we do. Something we should point out here is that are effectively two different types of gambling sites accept this digital currency.

  • Hybrid bitcoin gambling sites – casinos that accept different payment methods, including the crypto payments
  • Bitcoin only gambling sites – casinos that only support crypto payments and even may be based on the blockchain technology
While both of the casinos have become very popular especially for the past several years, the hybrid casino sites are especially popular and there are two main reasons for that. First, the hybrid sites tend to be the more established sites that have been operating for a while. Most Bitcoin-only sites are relative newcomers, so it’s harder to be sure that they’re trustworthy and likely to still be around in the years to come.

The second reason is simply the convenience factor. While there are definite advantages to depositing and withdrawing using this cryptocurrency, it’s still nice to have the option of using other methods. There are many reasons why you may prefer to use Bitcoin on some occasions and alternatives for others.

Bottom Line​

While despite many contributing factors, we can not really say which is a 100% better option. Both of them have both advantages and disadvantages. They both have their own benefits and there is a strong and long argument behind it.

One thing is for sure, gambling with Bitcoin in 2021, should be a new achievement and a new trend. As more people tend to use cryptos as their primary payment methods, gambling with Bitcoin definitely offers players more benefits than the regular payment methods. Safety and security, as well as in most cases anonymity are some of the most essential aspects of it.