Gambling has existed in the UK since 1960 when it was first legalized by the law albeit currently the gamblers and operators are being guided by 2005 and 2014 law amendments on gambling. Research indicates that 70 percent of the adult population are involved in online gambling in the UK and that 3 percent are addicted to gambling. This begs the question, why has online gambling risen in the UK? With the introduction of bitcoins, most casinos shifted to online platforms in order to grasp more clients. Online gambling has been influenced by a myriad of issues. There are several factors that make bitcoin online casinos get popular in the UK and how they operate. This article defines all the factors word by word to make the reader grasp the concept easily.
Licensed Bitcoin Casinos vs Unlicensed non-Gamstop Crypto Gambling Sites
The UK has amended laws to regulate gambling in its jurisdiction. According to the 2014 laws, all the casinos must be licensed by the UK government. The licensed bitcoin casinos attract more punters as they believe that the licensed bitcoin casinos can’t scam them. The unlicensed BTC casinos don’t attract punters as they have not complied with the gambling laws in the UK. With the legalization of bitcoins in the UK, all the citizens and residents can purchase bitcoins easily hence engaging in gambling at the bitcoin casinos. The UK government collects revenue from the licensed bitcoin casinos hence legalizing the gambling in the casinos. It’s evident that gambling is growing at a higher rate in the UK as research indicates that the government of the UK collected 1.4 billion pounds from the gambling sites. The licensed bitcoin casinos assure the punters of their share once they win because they are legalized unlike the unlicensed bitcoin casinos which may be subject to theft and scamming. This has largely impacted the operation of bitcoin casinos in the UK.
Safety of crypto casinos
To assure all punters free of scams, the bitcoin casino operators must acquire an operating license too. An operator that is open and is widely known attracts more punters than a secretive one. Secondly, the blockchain casinos have reviews on their online platforms. This really helps the gamblers on deciding on which casino company they’ll use. They also get reviews from other punters. The punters are required to fill in their information during registration with the crypto casinos to avoid anonymity albeit the punters consider a bitcoin casino with a secure HTTPS which won’t leak their information to any other party. Lastly, punters enjoy privacy as their wins and losses are secretive unlike in the traditional casino shops. Currently the punters win and are assured of their money immediately and at their comfort zone. Theft cases in the casinos have declined due to online gambling in the bitcoin casinos in the UK as most punters transact with the operators online through bitcoins hence no need of roaming around with liquid cash. Punters in the UK consider safety as a key element before joining any cryptocurrency casinos. This impacts on the operation of bitcoin casinos in the UK.
Availability of different BTC games and flexibility
Bitcoin casinos like: One hash, Crypto games and King in the UK have embraced the online platforms hence enabling gamblers to access all sorts of games at a given time. The gamblers enjoy a myriad of games at a moment hence participating in a casino game they like or are confident with fully. Secondly, the punters enjoy the freedom of flexibility as they can gamble at any place of their wish because all the games can be accessed at the BTC online casinos online platforms. Unlike the traditional casinos, bitcoin casinos have enabled punters to maintain secrecy and gamble at their own convenience. Some punters who hate distractions and noise in traditional casinos can now gamble using their own mobile phones at any place. The gamblers in the UK no longer need to travel and attend the crowded casino shops in order to gamble as they can do it at their own comfort. This has made the bitcoin casinos thrive in the UK over the past few years.
Simplicity of registration process at BTC casino sites
In the UK, the bitcoin casinos have an obligation to be licensed by the government. On the other hand, the punters have to register an account with the bitcoin casinos before engaging in the gambling. The registration process is simple as it involves few steps of identification and the punter is able to bet. Crypto casinos have a support system on their site who readily help the punters wherever or whenever they feel stuck. The sites also have a guideline of the steps to follow to bet successfully. This makes it simpler to use the sites hence attracting more gamblers to their sites. The punters may also request other players to guide them on the way to gamble on the sites. Finally, the traditional casinos had a maximum amount of bets or money a punter could stake on unlike the current bitcoin casinos where there are no limit bets. Punters can participate with as much as they wish hence allowing them to enjoy the freedom of spending their bitcoins. Once the punters win, they can easily withdraw their bitcoins without involvement of any other party therefore the ease in gambling has made the gamblers shift to bitcoin casinos in the UK.
Conclusion
Bitcoin casinos in the UK have rules and regulations on how they operate. The rules are amended laws by the government and the BTC casinos have to execute them. Crypto gambling sites have to find ways to attract more punters to their sites as the business has vehemently shifted to online platforms. They must offer ample services to the gamblers in order to ensure they don’t lose clients. The bitcoin casinos are consistently alleviating in the UK and in the coming years they’ll still experience the same. Licensed bitcoin casinos can be predicted to stay whereas unlicensed ones might all fall with time as they will be caught by the arms of law. All aspiring punters in the UK should find a licensed crypto gambling site and follow the instructions and guidelines in order to enjoy gambling. We can’t tell whatever the future holds but we can predict that BTC casinos will continue experiencing a higher growth rate in the UK as they operate with maximum efficiency to satisfy both the owners and the gamblers. This in turn makes a smile on the face of the government as it collects more revenue from crypto casinos.