Of course, the rise in interest in virtual currencies was mostly impacted by the Bitcoin exchange rate. Even if we disregard the price charts for Bitcoin, the readiness of representatives from the casino business to accept Bitcoin and other cryptocurrencies is simple to understand. In this bestcasinosonlines.com article, we will look into the gaming history of Ireland, what makes the Bitcoin casino a good one, and what are the best Bitcoin casinos.
History of Online Casinos in Ireland
In Ireland, gambling is permitted. Gambling has been allowed in Ireland since 1931. The horse racing and sports betting industries are firmly established in the country. Since the seventeenth century, bookmakers have been effectively functioning. There are around 20 casinos or private gaming clubs functioning in the country at the moment. Dublin is the largest gaming city in the world. It has the greatest number of gaming enterprises. In 2016, there were over 900 betting shops, 122 arcades, and over 10,000 slot machines in the nation.
The gross revenue (GGR) generated by the land-based gambling sector in Ireland (excluding casinos) is over 2 billion EUR per year. Bets bring in the lion’s share — almost EUR 1 billion in gross income. Every year, lots of online casinos pay out more than 200 million euros. Different agencies control different aspects of gaming. The State lottery, for example, is overseen by the Office of the National Lottery Regulator. Betting and internet betting are dealt with by the Ministry of Justice, Equality, and Legal Reform (Department of Justice and Equality). There is also various gambling-related legislation.
Bitcoin Casino Games Advantages
The technological elements of this new ecosystem were primarily responsible for the exceptional interest in cryptocurrencies and Bitcoin individually. Several major elements of digital currencies have attracted the attention of financially sophisticated people:
- Quickness of payment processing;
- The accessibility of low-cost real money transfers;
- The ability to move modest amounts of BTC from one wallet to another;
- Transaction security and secrecy;
- Self-sufficiency in relation to the state.
Each of these elements happens to be quite important in online gaming. As a result, as soon as the first Bitcoin slot machines emerged on the Internet, the rest of the world started to see the undeniable benefits of bitcoin in casino games. Let’s look into some of the elements in more detail.
Money transfers are very rapid because of the technical capabilities of the Bitcoin network’s transaction processing. Money is instantaneously moved from one account to another. It’s only a matter of waiting for the miners to confirm the transaction. This operation takes roughly 10 minutes, with the exception of occasions of heavy network demand. Bitcoin is also a much more cost-effective way to send money. For each transfer, the user sets the amount of the “miner” commission. When we consider the expenses of fees from banks, payment systems, and other types of middlemen when transferring conventional fiat currencies, Cryptocurrency seems to be a very advantageous option.
For the average online casino player, this might be a win-win situation. He will be able to save money on deposits and withdrawals, for starters. Second, gaming websites will lose less money on commissions, allowing them to provide more “delicious” incentives to gamblers.
Anonymity of a Player
The player’s anonymity is maybe the most evident benefit of Bitcoin games. On the Bitcoin network, there is no personal information about the cryptocurrency’s owner. Wallet addresses or public keys are not transmitted with them. Many casinos that accept Bitcoin do not even ask users to provide unique personal information, and if they do, it is merely to meet with regulatory requirements. Not everyone wants to publicize their desire to play casino games. Bitcoin makes money transactions far more private — and perhaps fully anonymous in certain situations.
Bet with Little Amounts
Another advantage of bitcoins is that they may be used to pay for extremely little sums of money. The conditional Bitcoin unit has one hundred million so-called Satoshi, and some no deposit casinos allow wagering on extremely modest sums. Again, with fiat money, this nearly never occurs. This should be of interest to gamblers who do not want to take a large risk with Bitcoin. In this situation, prudence does not prevent you from taking pleasure in your gains, which are little but nonetheless enjoyable. In the case of cryptocurrencies, you never know how much this money will be worth tomorrow.
Geographical Restrictions no More
In certain circumstances, cryptocurrency may assist in circumventing geographical constraints. The government has no say in how the gamer spends his BTC. If you have access to the Internet, you can play Bitcoin from practically anywhere on the globe. Another benefit is the casinos that take Bitcoin, rather than the cryptocurrency itself. Make no mistake, there are no free online casinos, but plenty of ones that accept crypto and PayPal. The reality is that “provably honest” games may often be found on such platforms. Perhaps you’ve already come across the phrase “Provably Fair” in the titles of several site sections.
This concept states that anybody may examine and verify the integrity of a game’s outcome. The ability to witness how the result was obtained with your own eyes boosts the portal’s trustworthiness more than a thousand evaluations.
The List of the Best Bitcoin Casinos in Ireland
There are a bunch of old and new Bitcoin casinos in the country, but let’s have a look at the most popular Bitcoin casino list:
- Bitcoin Games;
Why are they considered to be good?
When choosing a casino Bitcoin, you should look at its loyalty program and the incentives it offers before you begin playing. There is a common thread running across the majority of Bitcoin casino Ireland loyalty programs: they reward players with points that can be redeemed for bonuses or credits at participating casinos.
Whether you wish to play for greater stakes, examine if the casino has a VIP program for high rollers. This will ensure that you do not get the same treatment as other players who do not gamble nearly as much as you do.
Most Popular Games Available in Bitcoin Casinos
Regarding their ease of playability, cryptocurrency gambling games are comparable to those offered by other online casinos. Of course, not all casinos have the same selection of games to offer. In general, though, you should anticipate being able to use your crypto money to participate in the most popular casino games available today.
If you have a special affinity for bitcoin-based games, you should double-check any casino you are contemplating joining to ensure that it provides the games you like before committing to a membership. If you’re seeking other forms of gambling, have a look at our betting, poker, and lottery sites.