Just a few years ago Bitcoin casinos were struggling to bring in casino players. The casinos were staying afloat with the BTC gamblers they catered to, but they weren’t bringing in the big whales from traditional online casinos.
Part of the problem is a lot of casino players aren’t educated on Bitcoin. If you live in a regulated market then you don’t need to worry as much about alternative payment options. However, more and more players know about BTC now.
The other problem, at least for slots players, which make up a large percentage of players in an online casino, was that there weren’t enough slots. Bitcoin casinos hadn’t made software licensing deals with the big providers.
That’s all changed now. Bitcoin casinos are on par with traditional online casinos in terms of games. You can play your favourite online slots from providers such as Net Entertainment (NetEnt), Microgaming and Playtech.
Players can now enjoy hundreds of online slots for Bitcoin at leading casinos. Some traditional online casinos have also started to offer Bitcoin as a deposit and payout option because of the competition from BTC casinos.
You can even play some of the biggest online progressive jackpot slots with BTC. Mega Moolah is the most popular progressive jackpot slot and it’s now available in various Bitcoin casinos.
Can you imagine winning millions in Bitcoins from one spin of an online slot? It’s possible.
One thing to ensure is you understand the rules of every progressive jackpot slot before spinning because they can vary slightly. In the majority of cases you need to bet the maximum in order to be eligible for the jackpot payout.
This means you’ll need a decent bankroll to attempt winning these huge jackpots. These types of Bitcoin slots are also high-variance, which means you could go on a long losing streak before hitting a payline worth your time.
There are also a number of benefits to using Bitcoin to play online slots.
For instance, Bitcoin transactions have extremely low fees and you can send any amount. There are no minimums to meet and you won’t need to worry about paying large transaction fees, which is the case with credit cards.
In some cases you can remain completely anonymous while gambling online. This used to always be the case when using Bitcoin, but some of the bigger Bitcoin casinos are now following KYC procedures.
Payouts are always a lot faster. Sure, some countries can use e-wallets still to gamble online and those are quick too, but many countries can’t use them. Anyone can open a Bitcoin wallet and start sending or receiving Bitcoins.
Lastly, you’re more secure using Bitcoin to gamble than credit or debit cards. When you send a deposit to a casino using your Bitcoin wallet they can’t do anything with that information.
You’ll need Bitcoins to play online slots, but thankfully that has become much easier. There are plenty of ways to purchase BTCs and we’ll leave that up to you, but we recommend using the Bitcoin price index.
Coin Market Cap provides detailed price information on Bitcoin in real-time. While the price you pay for your BTC will fluctuate from the listed price, make sure it’s as close as possible to ensure you’re getting a good deal.
What are you waiting for? Head over to a Bitcoin casino today and start playing online slots instantly.