The bitcoin gambling is meant for fun and for real money. This game is becoming very popular in current days and many people would like to play this game especially because of the real money. Rather, using dollars and currencies for buying the products, you can also use bitcoin for such activities. Now, the question is, why should we use bitcoin gambling?? Yes you should because; it offers privacy, fast transactions and smaller commissions. We will discuss those factors one by one,
1) Fast transactions – The bitcoin gambling offers you the fast and secured money transactions. The transactions are finished within ten to fifteen minutes. It is much faster than bank, since bank transfers takes some hours or days for the transactions. Many people are saying that, the e wallets and PayPal transactions are much faster than bitcoin, it is real, but those transactions will not furnish smaller commissions and privacy.
2) Privacy – Every transactions will be enrolled in a block chain after sending money to your partner through online, it is for further verification for both sender and receiver. The transaction database is open and can be examined on the particular websites. The total amount, identification number and time are alone stored in the transaction list. Nobody can have the chance to go through the details about the source and destination of the bitcoin. This bitcoin feature inspires many people to use the bitcoin transactions. Also, through this bitcoin, we can buy legal commodities and at times illegal goods.
The gambling and pornography websites may be unrighteous but not prohibited and illegal. So, people who want to buy the products through internet can use this bitcoin on the particular website which admits the currency. Also, you have to use the reputed and familiar online bitcoin services for the safety and security reasons.
3) Smaller commissions – For a single bitcoin transaction, the average commission is 0.002BTC. It is very low while equating with the PayPal, e wallet and bank commissions. Also, you are not requested to pay more than that. The commission payment is because to assign a computational power to make your transactions much faster. You can also have the option of not lending any commissions for transactions, in those cases, you are supposed to wait for at least two three days for the completion of your transaction. If you are not in need of instant transactions then, this will be the best option to process your money with no costs anymore.
The main disadvantage of using bitcoin is; you can have the chance to lose your money completely, if you have chosen the wrong gamblers. Once, you delete the wallet files or someone steals bitcoin of yours, then it is not possible to get back those. Another disadvantage is that, you cannot make a complaint, if your bitcoin are stolen or else you lose them. There is no main system for investment until the bitcoin is unregulated. The bitcoin is simple and safe to use for your transactions.