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Bitcoin Online Casino Sites Gain Popularity among Poker Community

26 August 2014

The online gaming community is continuously raving about the currency called Bitcoin. Gaming enthusiasts and operators who start Bitcoin casinos have become aware of the great benefits that this digital currency has, poker players from the US also being among those who take advantage of it.

Gaming experts said that Bitcoin is extremely useful for poker, since players can gamble anonymously while also controlling their bankrolls. Spokespeople for some of the best-trafficked Bitcoin sites explained that the use of Bitcoin online payments take from 4 to 12 hours, unlike traditional payment methods, which could take up to several days.

Like so, companies that start Bitcoin casinos are using this method due to the fact that there is no stakes size limit, even though gambling sites usually accept bets as little as 20 cents. More than that, gaming operators said that every transaction needs to be checked by the digital wallet companied before they are released, due to the fact that they are not reversible.

Americans are the ones who are starting to gain a lot of advantages from making transaction with Bitcoins. There are only three states in America that legalized online gambling, and the rest of the American gaming enthusiasts cannot legally play at internet casinos in the US. Companies which start Bitcoin casinos have started to get accustomed with the opportunities that Bitcoin presents: it is tax free, anonymous and can be used for US online gaming operations.

Operators who want to start Bitcoin casinos should know that it is important to consider the implications that come along with running a Bitcoin poker site in American states where online casinos are not legal yet. Even so, the US could start taxing Bitcoin in the near feature, which means that online gambling sites would get closer to becoming legal.

26 August 2014

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