Thanks to active development of blockchain technology, an increasing number of Android users are starting to get comfortable with the nature of Bitcoin and embrace the cryptocurrency as a whole. In turn, this has started the trend of Bitcoin casinos that celebrate and represent its very finest characteristics; confidentiality, convenience, and safety.
In essence, Bitcoin gambling on Android boils down to the following advantages:
1. Privacy
A good number of Android-based Bitcoin wallets do not require you to link your funds to a real-world identity, and, if at all possible, most crypto enthusiasts prefer to keep it this way. By contrast, a typical online casino will ask for a scan of your government-issued ID for the purposes of keeping underage gambling and other kinds of fraud at bay. But even if you aren’t planning to do anything shady, there may still be a legitimate reason to have second thoughts about handing over such sensitive personal information, and the reason is cyber security.
In other words, how can you trust an online casino platform to handle such sensitive information in accordance with the best industry practices? Once you let it out of your hands, it’s under their protection, and in the event of a breach, it could end up in the paws of an unauthorized third-party.
The good thing is, there are workarounds that allow you to gamble online on a smart device without revealing your identity. For instance, this no limit online casino will only ask for an email, username, and a password to complete your registration. So not only is this a welcome sigh of relief in terms of protecting your privacy, it also makes things more convenient. At the end of the day, a 3-step registration process is always better than a 10-step registration process.
2. Location independence
You will soon find that gambling laws can vary from country to country. Even if online gambling is perfectly legal from where you’re coming from, this may not necessarily be the case in the local area where you’re currently staying. Even if you enter another country as a tourist, you are forced to comply with the local laws or regulations, even though some may feel their individual rights are violated.
Bitcoin casinos, however, flip the concept on its head by allowing each individual to take the decision whether to gamble online or not in their own hands (and live with the consequences). In other words, players of all nationalities are welcome, and since there is no bank or other middle man in the equation when it comes to Bitcoin transactions, nothing stands between you and your ability to deposit the funds. And yes, this can be done from anywhere in the world, straight from your trusty phone.
3. Speed
If you can’t stand the sight of wire transfers, you’re not alone. Not only can they take days to arrive, on certain occasions, the bank can outright decline a transaction. For instance, some countries that don’t place a substantial emphasis on basic human freedoms and rights may not fancy the idea of money leaving their country, so they block such transactions. Others may hassle you with further confirmation or paperwork. Everything considered, wire transfers are a mess!
But thanks to rapid development of blockchain and related technologies, transferring money in a digital form can take from minutes to seconds, and such a transfer can reach any part of the world lightning fast. In fact, certain cryptocurrencies perform even better in this regard than Bitcoin (an example would be Ethereum), but either way, all offer a far superior experience and speeds compared to traditional payment methods.
4. No taxes or duties
Since no financial authority has the final say regarding Bitcoin transactions, any fees incurred in making the transaction are effectively free of taxes and duties. With that being said, you may still be subject to taxation on your winnings back in your home country, so double check with the local laws and regulations whether this applies to you or not.
For instance, certain countries such as England, Austria, Germany, Scotland, and Finland will not tax your gambling winnings at all (that holds true regardless of their total amount), while the US will. Since politics and laws change all the time, it’s recommended to do your own research. But when it comes to taxation on individual transactions within the casino (an example of which is making a deposit), paying with Bitcoin is cheaper as there are no extra fees.
5. A wide variety of games
Some players make an erroneous assumption that Bitcoin casinos might not give them the same amount of freedom when it comes to game selection due to the technology being relatively new. The good news is, not only does it match the number of titles you will encounter playing in a regular casino, it often exceeds it.
The reason is that Bitcoin casinos are relative newcomers to the gambling market themselves, so there is an enormous pressure on them to outperform and outclass their competitors, many of which are gambling establishments with a long history of performance. Hence, they strive to be better in every regard. To make the most of the situation, be sure to take advantage of their often generous bonuses and rewards geared towards attracting new players.
Compared to traditional gambling establishments, Bitcoin casinos offer numerous advantages to an Android-wielding gambling enthusiast. So if you haven’t already, now is a good time to familiarize yourself with how cryptocurrency wallets work; you may very well find yourself in need of one soon.
The post 5 Distinct Advantages Of Bitcoin Gambling On Android appeared first on Android Headlines.
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