Bitcoin has quickly become a popular currency for playing casino games online, with our sister site BitStarz being the first online casino to allow players to play in both Bitcoin and fiat currencies. Rafael “TheBigKid” Moraes took home a Guinness World Record win of $1,050,560 from the Americas Cardroom’s “Venom” tournament late last week. The site is well known for its crypto appreciation, accepting more than 60 different cryptocurrencies.
Massive Bitcoin Wins at BitStarz
BitStarz has seen its fair share of Bitcoin big winners, hinting that Bitcoin could be the best currency to play with. Back in March, a BitStarz player won an incredible 354.24 BTC – worth $1.35 million at the time – from a single spin on the popular Slotomon Go slot. Then in May, one player hit the live blackjack tables, scooping 136.88 BTC – worth $720,192 at the time – from just three hands. These huge Bitcoin wins show just how lucrative Bitcoin casino play can be.
Crypto is Changing Online Gaming
It’s no secret that crypto is helping to change the online gaming world for the better. Banks are notoriously strict when it comes to online gaming, with many banks around the world banning all transactions to these types of websites. On top of this, MasterCard and Visa take between 3 and 5 days to process cashouts, while bank transfers can take up to 7 days. Crypto makes this process virtually instant, meaning you can have your winnings faster than ever before.
Then There is Provably Fair…
If you ever thought the house was conspiring against you, there is now a range of games available called “provably fair.” In these games, you can pick the spin speed of each reel, where the cards are cut in decks, and so much more. Your own input is added into the random seed generator to create a completely unique result. This creates a hash that you can then verify after the round to ensure that your inputs were used, meaning the game is provably fair. By using blockchain technology, these results are hashed and stored securely, meaning you can check your results back to the beginning of time.
Bitcoin is certainly making the rounds in the online gaming world, with new big winners emerging every day. Jurisdictions around the globe are slowly warming up to crypto gaming and are placing regulation sandboxes in place to develop regulations in a bid to make the industry safer.