Bitcoin and Online Casinos: the Perfect Match

23 May 2017

bitcoin casino

Bitcoin is continuously on the rise – if you bought $100 worth of bitcoin 7 years ago, you would have no less than $75 million now. On May 22, 2017, bitcoin managed to reach a whopping value of no less than $2,200. The cryptocurrency just hit a record high, after surpassing the $2,000 barrier over the last weekend.

Since the development of the popular Satoshi Dice website, bitcoin online casinos have become an interesting and profitable variant to the classic, real-money casino. Bitcoin has allowed players to enjoy online gaming without having their personal information revealed, in a secure environment, with fast and anonymous transactions.

Over time, the value of bitcoin has fluctuated significantly, but with each depreciation, the cryptocurrency managed to recover, and even exceeded its previous value.

Why is bitcoin so popular right now?

One of the main factors that have influenced bitcoin's value is the global political uncertainty, which has increased the bitcoin demand. People see digital currencies as an asset similar to gold, which can hold its value despite the government instability. Recent events in the United States and Brazil could have influenced bitcoin in a significant manner.

Other digital currencies, such as Litecoin, Lumens or Ethereum have also seen an increase in value recently, fact which could have caused bitcoin to rise. People can use real currencies to buy these digital coins, but it's usually easier to buy them using bitcoin, since it's the easiest digital currency to acquire. Like so, people are now buying bitcoin to acquire more exotic cryptocurrencies.

Japan has recently introduced new rules that are not as harsh on bitcoin, the cryptocurrency now being considered more as a part of the banking system, which makes it more reliable. This change has had an influence on traders' behavior, investors looking to swap yen for bitcoin.

Integrating bitcoin with an online casino

An online casino that accepts bitcoin transactions is one of the most cost-effective ideas that you can put in practice if you want to join the online gaming industry. Starting a bitcoin casino is one of the fastest and easiest ways to start a casino gaming business, since it doesn't usually require obtaining an online gaming license.

A bitcoin casino can be exactly like a regular online casino, with the exception of bitcoin integration. Our solution allows fast delivery, and consultation throughout the entire process of opening your bitcoin gaming site.

Take into consideration that if you want to start your bitcoin casino, besides the games, you would also need a casino management software platform. Our casino management software can support any cryptocurrency, including bitcoin and Litecoin. Our bitcoin cryptocurrency integration enables instant deposits and withdrawals.

Before starting a bitcoin casino, it is important to check its legal status in your country. Some governments are against cryptocurrencies, and investing in a business that would eventually be shut down and might also attract legal issues is not desirable.

Once you are familiarized with the legal aspects regarding bitcoin transactions, and after you  purchased a casino management platform, you can start choosing the games for your bitcoin online casino. Our company offers more than 180 casino games that can be integrated with the casino management software.

If you don't want to pay the full price for our casino management software, you can choose the casino software lite version, which is less expensive than our premium version, but has a few features removed.

If you are interested in starting a bitcoin casino, you can contact us at [email protected] for a customized solution.

23 May 2017

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