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Most Secure Bitcoin Casinos To Play In 2023

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Most Secure Bitcoin Casinos To Play In 2023
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Online gambling is a popular activity among many internet users. With the advancement of technology, we are able to explore a new spin on traditional games. Blockchain casinos specialize in all the best gambling games while using blockchain technology to secure user privacy. As a result, many gamers find gambling with cryptocurrencies such as Bitcoin to be a great option.

Choosing a secure blockchain casino to play with is essential to make sure that you are able to enjoy gaming. Just like traditional gambling, you still need to ensure that you are on a safe and trusted website. In this article, we will give you a detailed guide of the most secure Bitcoin casinos to play in 2023.

Advantages of Using a Blockchain Casino

What are the advantages of a blockchain casino?

  • Confidentiality: All transactions on blockchain casinos are handled in bitcoin or other cryptocurrencies, which don’t require you to reveal your identity. This makes users feel safe.
  • Fast transactions: Bitcoin has a fast processing time and low transfer fees so you are able to receive your earnings at a faster and cheaper rate than if you had used fiat money.
  • Higher bonuses: By playing on a blockchain casino, you can gain much bigger rewards and bonuses than those offered by traditional gambling sites.

 

Are Blockchain Casinos Safe?

Yes, blockchain casinos are safe. Data theft and hacker attacks are a common threat to online gambling sites. However, blockchain technology helps to protect data privacy and is designed to be more resistant to hackers.

What Are the Risks of a Blockchain Casino?

The risks associated with blockchain casinos are data miners and cyber theft. By using a VPN (Virtual Private Network) and gambling platforms that have a valid SSL certificate you are able to mitigate these risks.

You are most prone to the threats of bad actors when you are using unverified websites and clicking unknown links. Always verify a website before you use it. CasinosBlockchain is a reputable site for discovering the most secure blockchain casinos out there.

The internet can be overwhelming with information, making it hard to identify which blockchain casinos are secure and which are fraudulent–that is why we have created this guide for you.

Let’s take a look at trusted Bitcoin casinos.

Most Secure Bitcoin Casinos to Play in 2023

1.   BC.Game casino

BC.Game casino has built trust with users over the course of 5 years. Since 2017, the community-based crypto casino has grown to host over 8000 games–such as Dice, Saviour Sword and Blackjack. They are committed to fair gaming and offering players rewards of up to $220,000 in welcome bonuses. They are licensed by Curaçao, with a well-built website to give you the best playing experience.

The goal of BC.Game is to eliminate all unfair factors that players may face so that they are able to have fun. This blockchain casino also places emphasis on making transactions transparent, therefore, they cannot be manipulated.

2.   Stake casino

Stake casino has an official Curaçao eGaming License, which is the standard amongst cryptocurrency gambling platforms. Although they do not offer welcome bonuses, they offer over 1000 slots and casino games including Dice, Keno and Limbo.

What stands out about Stake casino is that they have a blog and forum with discussions on all the latest news. Because of this, you can be sure that you will always find necessary updates regarding the platform which is important in the case of a security breach. They offer 2FA for account protection.

3.   Cloudbet

Cloudbet is different compared to other crypto gambling sites because it focuses on sports betting for games such as NFL, World Cup, NBA and NHL. For players who also enjoy casino games, their catalogue has a variety of games to play using Bitcoin. On Cloudbet, you are guaranteed name-brand games with quality graphics as opposed to knock-off games. They offer welcome bonuses of up to 5 Bitcoin.

As a pioneer in the blockchain casino space, Cloudbet is very experienced. Their long history means that they are safer. You can contact their support by live support and email. Their website mentions that they “limit access to your personal data to those employees, agents, contractors and other third parties” which shows that they take security seriously.

4.   Bitcasino

Bitcasino is an online casino and sportsbook platform. Founded in 2014, it is the oldest blockchain casino on this list. The catalogue consists of slots and casino favourites such as Poker and Baccarat, and even exclusive games like their Bitcasino Billion game. Bitcasino offers a welcome bonus of up to $50,000.

With more experience in the industry, Bitcasino has been able to develop their security practices more than others. Their website has outstanding informational support. Their website has a detailed FAQ that answers questions about their security and data privacy practices. They have a good reputation in the market.

There is an option to withdraw in either cryptocurrency or fiat money. You may be required to complete a KYC when withdrawing a large amount of funds.

5.   Metaspins

Metaspins is a newer blockchain casino in the market. It has a large catalogue of slots and casino games and offers incentives for players for their participation, including random drops of up to $100,000. It is licensed by Curaçao.

One of the things that stands out about Metaspins is their 24/7 support with multiple options, including email, live chat and group chat support with instant response. The platform has also applied a 2FA security measure to prevent cyber attackers from hacking user accounts.

Bitcoin gambling is a new and exciting way to game on the internet. It is becoming the preferred option for many who value their data privacy and want complete confidentiality when gaming. Playing on blockchain casinos is also a great way to earn different cryptocurrencies and learn more about blockchain.

Before you choose a blockchain casino, make sure that you do your own research to check a platform’s credibility. When contacting support, always contact support directly on the site or via an email address from the site.

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Time to Invest in Crypto? SOFTSWISS 2023 iGaming Market Overview

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In 2023, crypto bets expanded by more than 20%, as reported by SOFTSWISS. The leading technology company, with over 15 years of expertise in iGaming and number one in crypto-optimised software, shares its analysis of the dynamic crypto landscape.
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In 2023, crypto bets expanded by more than 20%, as reported by SOFTSWISS. The leading technology company, with over 15 years of expertise in iGaming and number one in crypto-optimised software, shares its analysis of the dynamic crypto landscape.

According to industry research, the global iGaming market is projected to double by 2030 at a compound annual growth rate of 11.7%. Revenues are expected to exceed 140 billion euro, with a significant share attributed to crypto gambling. 

SOFTSWISS, as the innovator in crypto iGaming software development, regularly conducts research to track the dynamics of crypto within the iGaming market. Using extrapolation, comparative and correlative analysis, experts analyse the data gathered from over 600 crypto-friendly brands powered by the company.

iGaming Market Overview

Based on SOFTSWISS data, the iGaming market had a stable expansion in 2023. In absolute terms in euro, the Total Bet Sum grew by 38.2% year-on-year. At the same time, the Total Bet Count displayed an even stronger increase, surpassing 51.2%

The average bet is slightly decreasing for several reasons. One significant factor is the broader reach of online gaming, fueled by advanced technology and increased internet availability. This trend is more evident in emerging markets like LatAm and Africa, where bets are usually smaller. Additionally, the increasing number of players under 30 with budget constraints adds to the decline in the average bet size.

State of Crypto

The in-depth quarterly analysis, initiated at the beginning of 2022, reveals that fiat bets are undergoing more substantial growth compared to crypto bets. In Q4’23, the Crypto Bet Sum saw an 8.2% rise in absolute terms, while the Fiat Bet Sum surged by 16.4% compared to Q3’23. At the end of 2023, the crypto share in the Total Bets Sum (27.5%)  decreased by 3.9 p.p.

The comparative analysis of the 2023 Crypto Bet Sum against  the previous year shows 21.1% growth. Simultaneously, the Crypto Bet Count increased by 50.5% year-on-year. The growing number of bets indicates rising interest in crypto gaming, but the greater availability of digital currencies may lead to slightly more economical bets.

“The advantages of employing digital currencies, such as swift transactions and anonymity, are key drivers for many players. Given these dynamics, the market demands expanding iGaming projects’ opportunities for crypto players. The in-game currency conversion, for example, allows operators to engage players with cryptocurrency assets in games initially designed for fiat transactions. The projects that embrace such possibilities continue gaining more advantageous market positions,” shares Vitali Matsukevich, Chief Operating Officer at SOFTSWISS.

Crypto Bet Stabilisation

The average fiat bet remained steady at around 0.82 euro throughout the previous year. Despite fluctuations in the average crypto bet during 2023, ranging from 1.59 to 1.88 euro, the changes appear modest compared to the twofold drop observed in the average crypto bet during Q4’22, which reached 1.56 euros. This indicates a certain level of stabilisation in the average crypto bet throughout 2023. 

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, comments: The dynamics of the average crypto bet align with crypto market fluctuations. When digital currency values stabilised in H2 2022, the average crypto bet also levelled out. Another thing is that the average crypto bet is almost two times higher than the average fiat bet, which testifies that digital currencies are potentially used by players with higher incomes. Operators should consider this to increase project profitability.”

Cryptocurrencies Rating

The Top Five most operated digital coins in iGaming landscape have remained stable during the last two years. 

In 2023, the cryptocurrency structure looks as follows:

  • Bitcoin – 73.3%
  • Ethereum – 9.9%
  • Litecoin – 6.6% 
  • Tether – 4.6%
  • Dogecoin – 3.1%

In Q4 2023, Bitcoin experienced a slight decline by a 5.7 p.p. compared to Q3 2023. Conversely, Ethereum and Litecoin showed growth of 4.7 p.p. and 2.2 p.p., respectively, during the same period.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “The digital currencies market is rapidly expanding, with estimates showing over 50% growth in capitalisation in 2023. Despite the risks caused by the high volatility of crypto and its dependence on various factors, using it can bring extra profits for operators. The iGaming industry is promising for investments due to growth in both fiat and crypto markets, but success depends on trustworthy and experienced partners.

 

About SOFTSWISS 

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

 

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Evgeniy Babitsyn from Bets.io Comments on the Future of BTC

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Evgeniy Babitsyn from Bets.io Comments on the Future of BTC
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In January 2024, the SEC approved 11 Bitcoin ETFs, marking a significant announcement for Bitcoin and the wider crypto-market. This approval demonstrates the growing integration of traditional finance with decentralized finance. The announcement has sparked mixed reactions, with crypto experts questioning what this means for the future of tradable crypto assets. On the back of the announcement, the news that BlackRock will now be the biggest holder of Bitcoin has made the issue more complex.

Evgeniy Babitsyn, CMO of Bets.io, is an expert crypto commentator who has been closely monitoring these latest developments.

“There are pros and cons to the BTC ETF. On the one hand, it gives retail investors another avenue of access to the crypto market, allowing them to invest through a traditional finance instrument. This is important because investors not well-versed in crypto investing can find it difficult to access and invest in crypto assets,” he said. “However, the bigger point here is that BTC’s incorporation into an ETF goes against the founding principles of cryptocurrency. Its evolution is a consequence of advanced technology removing the ‘middleman’ in transactions, empowering individuals to make transactions free of bureaucratic institutions.”

When it comes to the regulation of crypto assets, Evgeniy does admit that there is a role for regulators to play. However, he advises it should not go against the fundamentals of cryptocurrencies. “While there is a role for regulation to play, having an ETF in play goes against what BTC initially set out to achieve as an alternative to traditional financial systems.”

Increased institutional involvement in crypto trading can also distort the market, posing significant questions for the future. “News is now emerging that the world’s largest asset manager, BlackRock, is on track to becoming the biggest holder of BTC because of the ETF,” Evgeniy said. “Coupled with this, the ongoing developments from state entities to regulate crypto assets, the question now is whether the institutional embrace of BTC marks the beginning of the end for the coin, at least in its original form.”

Bets.io is a renowned brand within the world of crypto iGaming. It was launched in 2021 and has been rapidly expanding ever since. In 2022, the brand was acclaimed as The Rising Star Operator of the Year by SiGMA Europe for its ambition, results, and potential in the online entertainment industry. As such, it has been keenly watching the developments of crypto assets unfold.

Looking to the future, Evgeniy sees big announcements on the horizon. “For now, we know that 2024 will be a monumental year for the future of BTC, cryptocurrencies, and Web3.”

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How Bitcoin made its way into mainstream service industries

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Bitcoin, a decentralized digital currency, has garnered significant attention and adoption in recent years. Its emergence has challenged traditional financial systems and paved the way for alternative forms of currency. Mainstream service industries, encompassing a wide range of sectors such as e-commerce, travel, hospitality, and finance, have witnessed the transformative impact of Bitcoin.

This article explores how Bitcoin made its way into these service industries, revolutionizing the way transactions are conducted. From its humble beginnings to its current status, Bitcoin has navigated challenges, gained acceptance, and provided numerous advantages, leading to its integration into the mainstream service sector.

Early Adoption and Initial Challenges

Bitcoin was introduced in 2009 by an anonymous person or group known as Satoshi Nakamoto. During its initial years, Bitcoin attracted a niche community of tech enthusiasts, libertarians, and those seeking an alternative financial system. These early adopters recognized the potential of the cryptocurrency and its underlying blockchain technology to disrupt traditional payment systems.

As Bitcoin gained attention, it faced significant skepticism and resistance from established service industries. Many industry players questioned its legitimacy, associating it with illicit activities due to its decentralized nature. Moreover, the volatility of Bitcoin’s price posed challenges for businesses that desired stability in their financial transactions. Concerns regarding regulatory compliance, security, and scalability further impeded its acceptance.

Over time, the Bitcoin ecosystem has evolved to address these early challenges. Innovations such as payment processors and merchant services emerged to facilitate Bitcoin transactions and provide stability by instantly converting Bitcoin into local currencies. Regulatory frameworks have also begun to take shape, enhancing consumer protection and promoting transparency. Additionally, advancements in blockchain technology have improved security and scalability, addressing some of the initial concerns surrounding Bitcoin’s integration into service industries.

Growing Acceptance in Service Industries

Bitcoin’s journey from a niche digital currency to widespread acceptance in service industries has been marked by notable milestones and increasing recognition of its value proposition.

Service industries across various sectors have started embracing Bitcoin as a viable payment option. E-commerce platforms, for instance, have integrated Bitcoin payment gateways, allowing customers to purchase goods and services using the cryptocurrency. Travel and hospitality businesses have followed suit, enabling travelers to book flights, accommodations, and other services using Bitcoin.

Another notable example of this acceptance is the integration of Bitcoin into online casinos.

Online casinos have increasingly embraced Bitcoin as a payment method, providing players with an alternative to traditional fiat currencies. Bitcoin’s advantages align closely with the needs and preferences of online casino enthusiasts. Firstly, Bitcoin enables faster and more secure transactions, allowing players to deposit and withdraw funds quickly without the delays often associated with traditional banking methods.

Moreover, Bitcoin offers enhanced privacy and anonymity, which are highly valued by online casino players who prefer to keep their gambling activities discreet. With Bitcoin, players could now play BlackJack online without divulging personal banking information, fostering a sense of security.

Food and beverage establishments have also begun accepting Bitcoin as a form of payment, providing customers with more choices and flexibility in transactions. Furthermore, financial services have recognized the potential of Bitcoin, with some institutions offering Bitcoin custody services and even incorporating cryptocurrency investment options.

Future Prospects and Potential Challenges

The future of Bitcoin in service industries holds both exciting prospects and potential challenges that need to be addressed for continued growth and mainstream adoption.

Bitcoin’s trajectory points towards increased mainstream adoption in service industries. As more businesses recognize the benefits of accepting Bitcoin, we can expect a broader range of industries to integrate cryptocurrency payments into their operations. This would contribute to the overall normalization and acceptance of Bitcoin as a legitimate form of currency.

As an example, Bitcoin’s future in online casinos appears promising, with an increasing number of platforms embracing cryptocurrency transactions. As more online casinos recognize the benefits of Bitcoin, it is likely to become a standard payment method across the industry. This increased adoption will allow players to find their best bitcoin betting site much more easily, as well as enjoy greater flexibility and convenience in funding their accounts and withdrawing winnings.

The evolving regulatory landscape poses both opportunities and challenges for Bitcoin. Regulatory frameworks are being developed to provide consumer protection, prevent money laundering, and ensure compliance with existing financial regulations. Striking a balance between innovation and compliance will be crucial to foster a supportive regulatory environment for Bitcoin in service industries.

The rise of Bitcoin and other cryptocurrencies has the potential to disrupt traditional banking systems. As more individuals and businesses embrace decentralized digital currencies, the need for traditional banking services could diminish. This shift may require financial institutions to adapt their business models and explore partnerships or collaborations with the emerging cryptocurrency ecosystem.

Technological advancements are essential to address scalability concerns related to Bitcoin’s transaction throughput and network congestion. Solutions such as the Lightning Network, layer-two protocols, and improved consensus algorithms are being developed to enhance scalability and transaction efficiency. Overcoming these technological challenges is vital for Bitcoin to meet the growing demand of service industries and maintain its relevance in an increasingly digital world.

Conclusion

Bitcoin’s journey into mainstream service industries has been marked by significant milestones and widespread acceptance. From its early days of skepticism and challenges, Bitcoin has overcome hurdles and gained recognition for its benefits in various sectors. The integration of Bitcoin into e-commerce, travel, hospitality, and financial services showcases its potential to revolutionize traditional payment systems.

Looking ahead, continued development and innovation will be key to sustaining Bitcoin’s growth and addressing regulatory, scalability, and technological challenges. As Bitcoin becomes increasingly ingrained in service industries, its impact on global finance and the future of decentralized currencies is poised to reshape the way we transact and interact with the financial ecosystem.

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