There are several online casinos in Kenya that allow you to fund your account and make withdrawals using Bitcoin. But why should you choose Bitcoin casinos over regular casinos?
|Safety and Security
The safety and security of both your personal and financial details is a significant issue when it comes to any online casino. This is where Bitcoin casinos surpass regular casinos. In addition to using SSL encryption technologies, your funds are stored in cold wallets which are not linked to the website and this makes it impossible for hackers to access your cash.
Bitcoin is pseudonymous and as such your personal information is not disclosed during a transaction. Bitcoin casinos allow you to play your favorite games without revealing your personal data and any transaction you make will never be recorded on your bank or credit card statements.
Considerable Transaction Fees
Blockchain transaction fees are far lower than conventional methods and some Bitcoin casinos will allow you to make deposits and withdrawals at zero cost; hence, you get to keep more of your money. However, it is important to note that Bitcoin isn’t completely fee-free since there is a commission to be paid when buying or selling BTC.
Bitcoin casinos offer instant deposits and instant withdrawals. While instant deposits are quite standard with most banking options, it is not the case with instant withdrawals. Thus, if you are looking to get your money quickly, Bitcoin is the best option.
Potential Issues with Bitcoin
Our aim is to give you a complete overview of this payment option which is why we have to point out the disadvantages of using Bitcoin at online casinos.
No Official Protection
This is one of the main concerns when using Bitcoin. Ideally, when your bank account gets hacked, you could report to the police and get your money reimbursed by your bank. However, if your Bitcoin wallet is hacked, there is no way to get your money back.
Limited Selection of Bitcoin Casinos
Unlike payment options such as VISA and MasterCard which are accepted by a majority of online casinos, casinos that accept Bitcoin are limited. We have outlined for you some of these platforms above.