By Jimmy Reardon
In 1978, when Kenny Rogers iterated that we should ‘never be counting our money while sitting at the table’, the original Gambler, for all his wisdom couldn’t possibly have seen the meteoritic rise of online casinos. Let alone their convergence with cryptocurrency. Yet here we are in 2022, and the popularity of the online casino continues to grow – you can find a list of Australian casinos at https://bonusgiant.com/countries/australia/ – and with good reason, as the proliferation of cryptocurrency, including Bitcoin, Ether and Dogecoin offer players new layers of privacy, security, and convenience.
With traditional online casinos requiring any number of personal details, including bank and/ or credit card numbers, they have widely been targeted by crime syndicates with stolen data exploited across the dark net, however with bitcoin transactions, the casino only has access to your wallet ID, meaning that your personal details remain secure and far from the backend of any online gaming portal. Essentially, as a player, you are rendered completely anonymous. Sometimes, it’s good to be just a number in the system.
And yet, with a slight touch of irony, it’s the bitcoin casinos themselves that have become the open book in these transactions, with the market forcing a new level of transparency that has done away with many of the hidden fees, unfair terms and conditions and straight-out fraudulent cons that have plagued traditional online casinos since day one. And with the added security and straightforward programming of these sites, any suspicious activity is easily identifiable and avoided. It’s a player’s market, and the tech entrepreneurs behind this new wave of casino are responding accordingly.
Arguably the most beneficial aspect of Bitcoin Casinos would be the convenience. The most obvious being that you’re able to play from anywhere in the world without geo or currency blocking as crypto remains a decentralized currency. And anyone who has had experience with cryptocurrencies knows the simple pleasure in having transactions, going both ways, often happen instantaneously from your mobile device. In fact, to either top up or withdraw from your player account, you simply need a unique identifying username for seamless, anonymous transactions.
Coupled with the minimal fees, as opposed to what traditional online casinos charge, and the increased payout rates seen in Bitcoin Casinos, it’s hard not to argue that these online enterprises are putting the FUN back into fungible (if you own cryptocurrency, that pun was hilarious).
But even though the benefits of Bitcoin Casinos are appealing, it’s always up to the player to do their due diligence in understanding what and who they are dealing with. Always check the site with which you’re interacting is licensed, read reviews, and proceed with caution. Test the waters before going all in. The internet can be a deceitful and fraudulent playground, and while cryptocurrency by its decentralized nature offers added protection, it’s by no means infallible to incompetence. Once again, as Kenny Rogers so elegantly stated ‘If you’re gonna play the game boy, You gotta learn to play it right.’
