A look at Bitcoin Blackjack
Bitcoin casinos are becoming more commonplace and there has been a significant increase in the number of these over recent years. Of course, Bitcoin itself has made plenty of headlines and there are plenty of people out there who are huge fans of this, and other cryptocurrencies. With Bitcoin casinos come Bitcoin casino games and that means that we now have Bitcoin blackjack.
So, what exactly is Bitcoin blackjack? What’s making it so popular among players right now and is it worth taking a look at? That’s what we’re about to explore so read on to learn more.
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What is Bitcoin blackjack?
As fans of the game will already know, there are numerous versions of blackjack to be found at both online casinos and land-based casinos. The number of variants is something that makes the game quite so appealing as it means that there are plenty of new features to explore. When it comes to Bitcoin blackjack, this isn’t what we’re really looking at though.
Just because the name involves the word ‘Bitcoin’ people assume that this must be another new variant. However, the reality is that the game is just regular blackjack and the difference is just the payment method on offer. It all comes down to the fact that you can use the popular crypto as your way of making deposits and withdrawals.
How does Bitcoin Blackjack work?
If you can play regular blackjack then you already know how Bitcoin blackjack works. That’s because the mechanics of the game are identical. The only difference that you’re going to see is the requirement to have a crypto wallet when you open your account at your chosen Bitcoin casino. A crypto wallet is used to store your currency so that you can use it when you choose to.
With a wallet in place, you’ll then need to head to a crypto exchange. Here, you’ll be able to use your regular (fiat) currency to go ahead and buy Bitcoin. While you can complete your Bitcoin purchase in a matter of minutes, there is sometimes a delay with verifying the purchase and recording it on the blockchain. In some cases, you can be left waiting up to two hours before you can use your newly purchased crypto.
Once you have your Bitcoin in your wallet, depositing at your casino is just the same as it is when using any other payment method. You decide how much you want to add to your casino account and simply go ahead and make the deposit.
Bitcoin Blackjack – Restrictions to be aware of
When it comes to playing blackjack with Bitcoin, or any other crypto, it’s important that you check out any restrictions or limitations that may exist. Usually, any restrictions that are in place are all about the minimum Bitcoin that you can deposit at any one time.
It’s important to keep an eye on this minimum. When it comes to managing your bankroll, and ensuring that you’re gambling responsibly, you may not want to be forced to deposit a certain amount. On top of this, you also need to check withdrawal times. Many withdrawal methods are now instantaneous and you need to be sure that your casino treats Bitcoin in the same way.
What makes Bitcoin blackjack so popular?
There are numerous things that appeal to players when it comes to Bitcoin blackjack. Here’s a look at just some of them:
Security
While transactions take place in an instant, there are sometimes delays before the funds leave your wallet and hit your casino account. That’s because the number of transactions that can be carried out on the blockchain, at any one minute, are limited. Some believe that these delays are worthwhile as once your transaction appears on the blockchain, it’s tamper-proof.
Anyone who has ever looked into Bitcoin will have found plenty written about how safe it is. It can be moved without fear thanks to the levels of encryption used. Some players also like the idea of transactions being anonymous but this last point may be questionable: the blockchain is a public ledger that anyone can study.
No middlemen = no charges
When blackjack players send Bitcoin to their casino, the transaction is direct. There is the player and the casino, with no one in between. This is good news when it comes to transaction fees. Why? Well, it means that there aren’t any.
If you look at other e-wallets, such as PayPal and Neteller, fees are charged as these providers act as middlemen. These fees can quickly add up and they can start to eat away at your profit. Using Bitcoin and a crypto wallet is a great way to avoid this.
Casino bonuses
There are plenty of casino bonuses out there. Whether you’re looking at welcome offers or ongoing rewards, there are great offers everywhere. However, when it comes to Bitcoin casinos, you’ll often find that there are extra bonuses up for grabs. This could be down to the fact that Bitcoin is an unregulated currency and so there is a little more freedom with it.
It is often the case that bonuses that are offered at Bitcoin casinos will come with low wagering requirements. Yes, you’ll still need to take note of the terms and conditions, but often the wagering requirements are a big positive.
Are there any watch outs?
Of course, playing blackjack, or any other casino games is gambling. However, when you’re using Bitcoin, you’re adding an extra element to that gamble. That’s because the currency is hugely volatile and its value can change within a heartbeat. When you study the ups and downs of crypto as a whole, there is certainly an element of risk involved.
Obviously, every player will have different attitudes and some will be more risk-averse than others. There are players out there who are more than happy to take the risk with Bitcoin as they hold on to the hope that it will always increase in value over time.
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