How Does Bitcoin Impact Online Gambling?

bitcoin online casinos boom 2022

Many people are familiar with Bitcoin on a surface level – they understand it’s a digital currency, and that’s where their knowledge ends. However, Bitcoin has seen a meteoric rise since its inception, specifically during the pandemic. As of January 17, 2022, Bitcoin was at a market price of $42,205.

The surge in the last few years has sparked a new wave of interest in cryptocurrency as media publications spread the word of the potential to invest in Bitcoin. More and more online casinos have scrambled to incorporate cryptocurrency transactions on their websites in the last few years. So as Bitcoin sees more practical usage, what does that mean for the future of online gambling in 2022 and further?

News Highlights

  • Bitcoin reached an all-time high market price of $68,000 in November 2021.
  • Online casinos are implementing crypto transactions to accommodate all players.
  • Experts predict that Bitcoin could break the six-figure mark by the end of 2022.

The Bitcoin Frenzy

The year 2020 saw Bitcoin add 300% to its market price. This explosive rise was second only to the 2017 chaos that saw all cryptocurrencies skyrocket in price. Although Bitcoin steadily rose throughout 2020 and 2021, the constant volatility and fluctuation deterred many casual investors.

Bitcoin Roller Coaster

Bitcoin continued its rising trend in 2021. In February, April, and November, it yet again reached its all-time high, topping out at values of over $65,000. As the overall crypto market gained more worldwide traction and attention, so did the world’s first and preeminent crypto coin.

Although it dipped in the first two weeks of 2022, it is expected to outpace its all-time high. Most experts claim this is the year Bitcoin will break the 6-figure mark.

What to Expect for Bitcoin Online Casino Gaming in 2022

Best Paying Online Casino Method Bitcoin

Players can expect the frequency of Bitcoin’s use to increase in 2022. As Bitcoin’s use increases, we will likely see other cryptocurrencies rise in popularity. Specifically, Ethereum and Litecoin exchanges are likely to increase along with Bitcoin.

While it was once more of an “option,” Bitcoin is expected to become the predominantly used method of exchange for online casinos soon. Online casinos are already offering cryptocurrency deposit bonuses, and we can expect to see much more of that in 2022.

Why Choose Bitcoin at Online Casinos?

Security

Bitcoin is a far more secure method of monetary exchange. Reducing the risk for traders makes Bitcoin more attractive to users, as hacking and theft are virtually impossible.

All Bitcoin transactions are anonymous, preferable to users who place a high value on privacy.

Decentralization

Dubbed “the currency without a nation,” the decentralized method of exchange allows users to make transactions free from government regulation. This concept also avoids the political and corporate corruption involved with other forms of currency.

Decentralization also offers higher payment freedom and total information transparency.

Speed

Bitcoin has no transaction fees, only a small fee to the miners who provide the transaction. Bitcoin does not practice chargebacks as common banks do. It is free from the effects of inflation.

Bitcoin transactions are lightning-fast compared with most exchange methods, often complete in under two hours.

Bonuses

Most casino sites reward you with higher bonuses when you use cryptocurrencies to fund your account. Rollover and wagering requirements with crypto bonuses are fair, and you should be able to clear them easily.

When you withdraw your bonus winnings using Bitcoin, there are no fees involved. That means a lot more extra cash for your bankroll.

Top Bitcoin Online Casinos for US Players

At OUSC, we review online casinos to bring our readers the safest and most reliable gameplay experience options. Take a look at these top-rated casino sites that accept bitcoin payments.

Wild Casino header logo

1. Wild Casino

Wild Casino is a secure online casino with a large selection of games, this is one of the best options. Wild Casino is also one of the few online casinos that provide a generous crypto deposit bonus. As a new player, you receive up to $9,000 when you use a cryptocurrency for the first five deposits.

Las Atlantis header logo

2. Las Atlantis

Las Atlantis is an excellent choice for Bitcoin holders, as you can deposit as little as $20 up to as much as $2,500. You can get a 280% bonus + 30 Free Spins if you use Bitcoin or Ethereum on your first casino deposits. Las Atlantis charges no deposit fees, which is always a relief for online casino players.

Super Slots Online Casino

3. Super Slots

If you have a diverse crypto portfolio, Super Slots is the choice for you. You can deposit between $10 to $50,000 with Bitcoin, making it a premier choice. It accepts Bitcoin, Bitcoin Cash, Litecoin, and Ethereum and offers a 5% Crypto Boost if you use any crypto to fund your account.

The Gamble of Cryptocurrency

For Bitcoin holders, the last month of 2021 and the first few weeks of 2022 were a roller coaster. It’s exciting where the digital currency can go from here. Trends from the last few years show that the king of crypto has a promising future ahead.

Bitcoin is hailed as the “21st-century gold”, so it would be interesting to track its progress and how online casinos will take advantage of this crypto boom.


About the Author
Joanne Thompson

Joanne Thompson - Writer / Editor

Joanne likes to stay on top of her game finding the latest trends on everything online casino related. She enjoys giving our readers a heads up on new casino bonuses and slot games.