Is Bitcoin worth the trouble?

 

bitcoin

One of the main things that attract people to Bitcoin is that it is supposedly easy to use, and it provides a degree of anonymity. Such factors can be favorable to those who want to gamble online or engage in other activities that may be frowned upon by others. Moreover, it often provides a way for people to circumvent difficulties that arise when one wants to deposit money into a casino. That said, is Bitcoin worth the trouble? The verdict is out, but based on my own experiments, I am still somehow doubtful myself.

It's often touted that using Bitcoin means less transaction fees compared to a more traditional way of funding accounts, such as credit cards. However, I have not found this to be the case. Take Coinbase, for example. The last time I bought bitcoin and tried to transfer it to a wallet, the fees were close to 20 dollars.

But for some people, using Bitcoin is the only answer. Credit card companies are notorious for blocking online casino transactions, which can be annoying if you live in a state that allows online gambling. People who face such difficulties can turn to Bitcoin, and use that electronic currency to fund their Bitcoin slot accounts. So it all boils down to how much you are willing to pay for the convenience of being able to use certain sites you might otherwise be unable to use. This ultimately becomes a personal decision for each consumer to decide on their own.

Sponsor ads

chipotle banner

 

toyota banner

facebook