Bruce Dias 
Some years back, the answer would have been very different if we had asked New Zealand players if they would choose a Bitcoin casino over one that relies on fiat currency. But that’s not the case today because a lot has changed.
We’re talking about growing numbers of gambling platforms that now accept cryptocurrencies for payment. Initially, we thought this was just a trend that would pass, but now we have a reason to believe it’s here to stay.
Most of us are nervous about sharing our banking or credit card information online for obvious reasons. Yes, we can’t downplay the convenience traditional online platforms offer, but their reliance on fiat currency puts us at risk of having to provide sensitive information. But this begs the question: how does Bitcoin make online gambling safer for us? NZ-CasinoOnline.NZ experts have taken it upon themselves to answer this by unveiling how Bitcoin casino NZ has changed the game.
Why Bitcoin Is Becoming Important in Online Casinos
We have figured out the key reasons Bitcoin is gaining prominence in online gaming. Not just that, our expert team is set to explain why Bitcoin is fast becoming the preferred payment method in these casinos.
The first reason is that using Bitcoin eliminates currency conversion fees, a big perk when dealing with international gaming platforms. Second, the payments are processed much quicker than those in traditional banking.
The third reason is that using Bitcoin attracts lower transaction fees than bank transfers or credit card processing. According to our author, Isabella Pritchard, this cost efficiency usually means better bonuses and, by extension, bigger payouts for players.
The fourth reason is Bitcoin’s borderless nature, which helps online casinos bypass several traditional barriers that often complicate international gambling transactions.
This takes us to the driving factors behind the security Bitcoin casinos offer.
The Key Security Advantages of Bitcoin Casinos
We at NZ-CasinoOnline.NZ researched and identified three key security features that make Bitcoin casinos hard to resist.
Blockchain
Blockchain technology is what powers Bitcoin casinos. So far, these casinos have seen fewer fraud cases and virtually no chargebacks.
That’s because when you place your bets, deposit money or withdraw your winnings, all your transaction details are hidden from hackers. Business Matters explains it perfectly by stating that every Bitcoin transaction is permanently recorded in a ledger inaccessible to hackers.
Anonymity
As we know, traditional online casinos request our banking and personal information, linking our identity to the transactions. On the other hand, Bitcoin casinos only need our wallet addresses, a combination of letters and numbers.
Decentralisation
Bitcoin operates in a decentralised system, meaning it uses a peer-to-peer network that eliminates mediators, making it less likely for things to go wrong. As the result, no single entity gets to control or freeze your funds.
Now, let’s look at the security measures Bitcoin casinos have implemented.
The Enhanced Security Measures Bitcoin Casinos Employ
These casinos don’t just rely on the security Bitcoin offers; they take it a few steps further.
Two-Factor Authentication (2FA)
Do you remember when you tried to log in to your casino account, and the system requested that you check your email, SMS, or authentication app for a one-time code? That is two-factor authentication at play. It prevents someone else from having access to your account, even if they have your password.
SSL Encryption
Picture trying to send a message to someone and another person hijacking it along the way and then using it against you. Why do you think that was possible? It’s simple. The interceptor understood the message, so if we’re going by that logic, they won’t be able to hijack and use something they don’t understand. That’s the whole point of SSL encryption. By scrambling the data that your smartphone transmits to the casino’s website, SSL makes it unreadable to hackers.
Compliance With Gambling Regulations
Many Bitcoin casinos in New Zealand comply with the country’s Gambling Act and maintain strict KYC protocols (without compromising privacy). So, what do we stand to gain by playing in Bitcoin casinos?
The Upsides of Playing in Bitcoin Casinos in New Zealand
When you use Bitcoin to make transactions on your casino’s app or website, you get to enjoy the following benefits:
- Quicker Payment Processing: Bitcoin transactions don’t require a mediator, so there’s nothing to delay processing. It will only take a few minutes.
- Stronger Security: Bitcoin transactions use encryption to keep the transaction anonymous, reducing the risk of identity theft or data breaches.
- Cost Efficiency: It helps players save money as they incur lower fees during deposits or withdrawals.
- Appreciating Value: Bitcoin’s potential to rise in value means the players’ bankroll can grow even when not playing.
Choosing the Ideal Bitcoin Casino in New Zealand
Bitcoin casinos are the real deal, but many are out there. This begs the question: how do I choose the best option? Today is your lucky day because we have the answer to that question.
Check if the Casino Is Licensed to Operate
The first order of business is to verify if a casino has the legal credentials to operate in that line of business. They usually display their licenses on their website, so you should check them out.
Read Player’s Reviews
Reading what other players think about the casino will tell you everything you need to know, from how they handle payments to how they resolve issues.
Test the Customer Support
Imagine having a problem with a transaction, bonus, or policy, but you’re stuck with it because the customer service is non-existent or subpar. We agree; it’s unacceptable. That’s why you should ensure that the casino has a responsive customer support system that’s active round the clock. It’s a plus if the casino has various channels through which you can contact them, like phone, email, social media, and live chat.
Check for Transparent Policies
Transparency is a big deal in online gambling because some casinos out there have shady policies. So, before you sign up for any Bitcoin casino, do your due diligence to ensure their policies are clear.
Conclusion
The use of Bitcoin has significantly improved the security of online casinos for New Zealand players through blockchain technology and anonymity. Now, we have a gaming environment that’s more secure and transparent than ever.
We also have a 2FA and SSL encryption to thank for adding layers to the security Bitcoin provides for casino players. Before cryptocurrency became a thing, we battled with issues such as data breaches and payment fraud. Since Bitcoin casinos emerged, we now enjoy quick transactions and have more control over our money.
