Bitcoin for a gambling business is a real way to make honest profits without involving banking institutions.
Prospects for the gambling market
The rapid development of virtual money attracted the attention of not only various financial structures, but also the gambling business. There is an opinion that initially the cryptocurrency was developed for gambling projects and entertainment venues, although a couple of years ago they were rather skeptical about Bitcoin. Despite currency fluctuations, registering bitcoin online casinos is gaining popularity among entrepreneurs. Bitcoin online casinos are slightly different from classic gambling projects, namely:
- Lack of geography – in many jurisdictions, gambling is prohibited, sites are blocked at the state level, which causes inconvenience for players. Bitcoin casino allows you to safely, place bets and earn money from anywhere in the world, because absolutely all transactions are anonymous;
- Instant withdrawal of funds thanks to the Bitcoin club, where there is no client verification process. The online casino platform lists the winnings within 15 minutes after the application is received, and due to the fact that cryptocurrency platforms do not cooperate with intermediaries, transactions are processed instantly;
- The possibility of high earnings – in the last 5 years, the popularity of online casinos has grown significantly, and virtual currency is considered the most profitable investment in business.
- For information! In May, the estimated cost for 1 BTC is $ 8,100.00, compared to April, there is a dynamics of growth of the cryptocurrency by $ 3,000.
According to 20% of the entire gambling business is made up of online casinos, where more than 850 active wallets are currently registered, and the total profit of online casino investors amounted to more than 5,000 BTC.
Benefits of registering a Bitcoin online casino
An internet business that employs cryptocurrencies has many unique advantages. The Bitcoin online casino script is an easy way to launch a gambling project with minimal investment, moreover, this script is fully adapted to a specific target audience. Benefits of Bitcoin online casinos:
- The low level of competition for Bitcoin online casinos makes it possible to rightfully occupy a promising business niche in the gambling business;
- Fast registration and launch of a business takes no more than 15 days, subject to obtaining a special license to conduct activities in the field of online casinos (Gambling License);
- Registration of a Bitcoin casino ensures complete confidentiality of players’ data, which is especially important for people living in countries where gambling is prohibited;
- Lack of centralized management – the acceptance of transactions does not fall under the influence of various government agencies;
- High protection against fraud and the absence of intermediaries – to use an online casino, a player just needs to connect his Bitcoin wallet to a gaming resource. For any transactions, there is no need to use payment systems or money transfers;
- No betting limits – the minimum bet is only 1 satoshi, and the maximum level is determined by the owner of the casino.
For information! Bitcoin online casino – is a developed business model capable of accepting different types of cryptocurrencies and online converting them into banknotes of different countries.
When starting an online casino, it is important to complete all the paperwork from a legal point of view.
Online gambling business also requires compulsory licensing. The absence of a Gambling License in Bitcoin casinos excludes the possibility of attracting the most solvent players from the UK or the USA. Licensed Bitcoin online casino provides:
- absolute safety for all players;
- support for various payment systems;
- constant updating and support of gambling content;
- the ability to carry out advertising campaigns to promote your online platform with special licensed suppliers;
- increases trust on the part of players;
- makes it possible to use social networks for additional promotion of the online platform;
- enhances the reputation of Bitcoin online casinos.
- Important! The cost and conditions for granting a license depend on the chosen jurisdiction. The most popular jurisdictions issue a gambling license along with bonuses in the form of tax breaks.
The types of licenses for Bitcoin online casinos, depending on the jurisdiction, for example, in Costa Rica, issue a license (Data Processing License), which allows you to run a gambling business, but at the same time excludes the protection and regulation of the business. And in the EU countries, the gambling business receives strong support from the state, the gambling license transfers online casinos to the status of a European organization, but it is often difficult to obtain it.