Bitcoin has been part of the online casino experience since nearly the beginning of the iGaming industry. As the go-to payment method, many American online casino players get their fill of Bitcoin to remain anonymous while playing at offshore online casinos. However, as Bitcoin became mainstream, it was only a matter of time that it would find a home at legal American online casinos.
With so much brand trust, the leading social casinos now offer it. With the ability to remain further anonymous, Bitcoin payments continue to take the social casino revolution to the next winning level.
The Advantages of Bitcoin in Social Casinos
Before we do a deep dive into the wonders of Bitcoin for social casinos, let’s first explore Bitcoin. Since its humble origins, Bitcoin has become popular among American online casino players because it can remain anonymous during the years before legal online casinos were established. Also, these crypto casinos allowed these American players to register anonymously, which was a major draw.
Because Bitcoin is a decentralized currency with clear transparency, there’s no need to go through banks. Banks and other financial institutions have been notorious for flagging online casino payments. However, with Bitcoin and other similar cryptocurrencies, social casino players are in for smooth sailing with instant transactions.
More Social Gaming Anonymity
In many ways, social casinos took a page straight out of crypto casinos. As we mentioned, one of the main calling cards for playing at social casinos is remaining anonymous. Joining most social casinos means, often times not even submitting any personal information beyond your age and the state you are registering from.
Although, social casino players will have to eventually submit personal information when going through the redemption process for the first time, they can begin racking up free gold and sweepstakes coins without giving their name.
Because social gaming is the main hub of social casinos, it is common for members to compete with other members in high-stakes slot game tournaments. In many cases, one lucky winner walks away with millions of free gold coins, which can make other members uneasy. So, remaining anonymous is ideal.
Bitcoin Is a Great Payment Option
When social casinos first launched, it was tough sledding buying gold coins. If the only options to buy gold coins were credit cards, if those purchases were flagged, social casino players could find themselves out of luck. However, with the meteoric rise of new sweepstakes casinos, it is almost a certainty that all of these new sites at least offer Bitcoin.
Without entering any personal information, social casino members can buy hundreds, if not millions, of gold coins in the blink of an eye. And with these impressive packages come a legion of free sweepstakes coins. Like PayPal and other e-wallets, not having to put any financial information is a major calling card to get players to join a social casino.
As an added incentive, new sweepstakes casinos also offer the top cryptocurrencies like Litecoin and Ethereum. With these other options, players can easily mine for these currencies and use the same crypto wallet that they are familiar with.
The latest social casinos also support Bitcoin and other cryptocurrencies to convert their sweepstakes coins into cash. Depending on the site and the amount, it’s common for social casino players to find the cash equivalent in their crypto wallets by the end of the business day.
The Future of Bitcoin in Social Casinos
Like traditional online casinos, social casinos are increasingly becoming more personalized. As the scale of daily promotions grows, it’s only a matter of time before social casinos offer incentives to use Bitcoin to purchase gold coins. For example, special discounted prices for buying gold coins will probably become available. With exclusive games becoming the norm at social casinos, look for crypto casino games to find a home at sweepstakes casinos.