• Fri. Apr 12th, 2024

Why are Bitcoin Casinos Getting More Popular in Northern Europe?

Bitcoin texas

Usually, Northern European countries have had more strict and regulated markets than most other European countries. Still, Northern European countries have become the frontrunners with Bitcoin casinos. Playing with Bitcoin has a lot of pros and has had a positive impact on various markets by adding anonymity and safety to them.

AI Trading Robot

It’s a fact that playing with Bitcoin can give you several advantages you wouldn’t typically get from regular currencies. For example, in Finland, it is legal to play with Bitcoin casinos. If you want to play with an online casino in Finland, the casino is required to have a specific license.

The license can be, for example, from the UK, Malta, Estonia, or Curacao. The downside is that the European Economic and Social Committee doesn’t accept Bitcoin as an official currency.

According to Finnish casino experts from Kasinosivustoni.com, in these circumstances, online casinos must have a Curacao license if they allow players to use Bitcoin as a payment method. Curacao is not part of the European Economic and Social Committee, which is how it is legal to play with Bitcoin casinos in Finland.

The situation is somewhat similar in most of the other Northern European countries. Even though it is a little bit complicated in Northern European countries, players still have managed to find a way to play with Bitcoin casinos. It hasn’t stopped them find a way to make Bitcoin casinos more popular than ever before.

AI Trading Robot

Besides finding this way to play on Bitcoin casinos, what other reasons are behind Bitcoin casinos getting more popular in Northern Europe?

Faster transactions

One of the biggest pros of Bitcoin casinos is fast and safe transactions. There is no waiting period while using cryptocurrencies like Bitcoin.

Compared to regular bank transfers, transactions with cryptocurrencies can be ten times quicker. Of course, several other options also offer fast transactions. Besides them, Bitcoin is one of the quickest and safest ways to complete transactions on online casinos.

Safety and anonymity

Depositing and withdrawing money with Bitcoin is one of the safest ways to complete transactions on online casinos. That is mainly because of the blockchain that is working behind Bitcoin. The blockchain uses hashes that validate transactions on the network using cryptography.

Because of this, transactions are generally irreversible, and the data security of Bitcoin is strong. Using Bitcoin is also completely anonymous. The online casino can demand players to reveal information about themselves, but at least the financial information will remain completely anonymous.

By completing transactions with Bitcoin, there is no way for anyone to follow or record your transaction history.

Special crypto bonuses

In Northern European countries, almost every online casino has different kinds of welcome offers. It is also standard that in these countries,

Bitcoin casinos have specific bonuses for those who complete the transactions with cryptocurrencies. Usually, Bitcoin welcome offers can be a little bit better than a so-called standard welcome offer. It also is possible for players to claim both the standard and the Bitcoin bonus.

AI Trading Robot

Kevin Moore - E-Crypto News Editor

Kevin Moore - E-Crypto News Editor

Kevin Moore is the main author and editor for E-Crypto News.