Bitcoin Casino: A Risky Promise?
Let's go back in time to the year 2015. Until then, the online casino market in New Zealand was not regulated. Thus, the players were delivered to your luck while playing. They could either do it in a casino and everything would go smoothly, or they could be the target of fraud. The balance between risk and benefit was considerably unbalanced.
Among the many problems created by the absence of a legal framework, there was also the lost revenue in taxes. New Zealanders were spending millions of dollars on businesses that didn't pay the state a cent. Therefore, several problems have been solved with the licensing solution , benefiting in particular the safety of players.
Bitcoin casinos have several particularities that make them very often different from a traditional online casino. Cryptocurrencies are not legally considered as money in New Zealand. create a gray area with regard to its legality. Unfortunately, not without its associated risks, as was the case with online gambling in the past.
Currently, just visit any of the best online casinos of the country to have a safe, enjoyable experience and full of policies that support responsible gambling. This sign of maturity makes the National Gaming Sector a quality product. This is a daily job that leading gambling operators bring to thousands of domestic bettors.
Play at a Bitcoin Casino in New Zealand
Being that we have already mentioned that this is still a grey area, you can find Bitcoin online casinos relatively easily. Many of these pages are not blocked and it is uncertain whether they will remain so as long as they do not support payments in dollars and other currencies. If legally Bitcoin is not considered a currency, the Bitcoin casino does not transact money, theoretically.
Being advocates for a safe and secure gaming industry built around the principles of responsible gambling , we do not recommend you to risk playing at a Bitcoin casino. Without any regulation , a page may be available today and disappear tomorrow. The same goes for your deposits and personal data. Your destiny? Tremendously uncertain and fraught with risk.
Therefore, if you decide to ignore our advice, we recommend that you do everything possible to stay safe. Avoid depositing large amounts and test withdrawals as soon as possible. As always, you should read terms and conditions of all offers, including welcome bonus .
The offer of games in a Bitcoin Casino
As you would expect, the offer of casino games on these pages is quite extensive. Encontras das best online slots even card games and some quite original experiments. In many respects, the offer is not much different of that existing in the main online casinos New Zealand, except for the high security that results from licensing.
Bitcoin casinos are successful, but they end up being hostage to the nature of the market where they operate. Between the failure to comply with legality , in our particular case, or suffering from competition from unreliable operators, leave the player faced with a difficult choice. You find more games than you can play, but is the risk worth it?
In the inevitable comparison, licensed online casinos in New Zealand offer you many of the best casino games on the market. We talk about slots and table games from publishers like NetEnt, Playtech, Isoftbet, Pragmatic Play and many others. The games of live casino , but we believe it to be a temporary limitation.
Sixth safety when playing for money online listed among your priorities, Bitcoin online casinos still don't offer enough guarantees. In our view, regulated markets, such as New Zealand, work very much in the player's favour.
The differences between a cash Casino and a Bitcoin Casino
Naturally, there are some differences to consider . Even among Bitcoin online casinos there is the money component, which is converted to cryptocurrencies in order to be able to play. The existence of another intermediary also provides for conversion fees, but what other differences can you expect?
In practice, it is possible to register at a Bitcoin casino and deposit frequently using your usual card in dollars or another available payment method. The amount is then converted to Bitcoin (or another cryptocurrency) at the reference rate that the casino practices and you can start playing from there.
At this point, the operation becomes somewhat dubious in legal terms. Bitcoin it is not considered a currency by most nations, but the possibility of transacting amounts in real money it puts it on the threshold of legality. Legal or not, this category of casinos does not suffer as many blockages by our authorities as illegal real money casinos.
In case the Bitcoin casino where you intend to play only accepts to process cryptocurrencies, you must have a cryptocurrency wallet . Most major brokers like Coinbase or Binance have ways to address this issue, but so far the support for deception or loss is very limited. This is relatively recent territory and where most laws do not apply.
We continue to defend the security and simplicity of a licensed online casino in the current model. With quality bonus offers, table games that include blackjack or popular online roulette and one luxury customer service in New Zealand , there are more than enough reasons to consider this option.
Frequently asked questions about Bitcoin Casinos (FAQ)
Throughout this article we talked about the advantages and disadvantages two Bitcoin casinos. Their existence is not yet consensual and in the particular case of New Zealand players, the stakes are high. Then consult the most common questions about the topic or discover the our articles about casino games and betting created especially for you.
