mBit Casino has just today announced that along with the already accepted Bitcoins, three new cryptocurrencies will be supported at their online casino.
Dogecoin, Litecoin and Bitcoin Cash can now be used to deposit and withdraw from the online casino that was one of the first Bitcoin casinos to launch on the World Wide Web. This means that players can now use some of the largest cryptocurrencies available specifically for gambling online at mBit Casino.
In fact, they are one of the very first Bitcoin casinos to diversify among different cryptocurrencies as well as Bitcoin. This will suit players that have a more assorted holding of cryptocurrencies likey due to the recently well-documented explosion in multiple crypto currency values right across the board.
Before today, players were limited to only being able to use Bitcoin. However, due to the rise of many other cryptocurrencies, mBit Casino has moved quickly to provide players with much more variety.
While giving their players more choice was a primary reason for supporting other cryptocurrencies, mBit Casino was quick to cite other reasons for their decision. One such reason is the rate at which Bitcoin has scaled up in the last year. This has led to an increase in transaction fees and the increase in time that transactions can take to be completed.
By adding more options for players such as LTC, DOGE and BCH, they will be able to take advantage of faster times and lower fees when making transactions. Each of these will be of great benefit to players at the casino.
Ethereum is another of the leading cryptocurrencies and mBit Casino has revealed that their will be support for this coming in January of 2018. There has been no official date set but it has been said that we can expect support for this currency to be implemented in mid-January.
Other cryptocurrencies can be expected around the same time but which of them, in particular, have yet to be revealed.
Bitcoin has always been the number one cryptocurrency but some of the smaller ones have often been forgotten by Bitcoin Casinos.
This has meant that players holding Litecoin, Bitcoin Cash or Dogecoin would often have to go through a lengthy process to be able to gamble online. They would have to mess around with selling or converting one of their other currencies in order to then get the Bitcoin needed to play. This would have to be done using a 3rd-party exchange website.
Players would then have to wait for the transaction to be completed before then having to transfer the funds to your wallet and then to mBit Casino. That is a lot of messing around and something that will now be cut down completely.
No more converting currencies are required as players can now just transfer their cryptocurrency of choice directly to the casino.
mBit Casino is one of the oldest and most popular Bitcoin casinos around and since its launch back in 2014, it has grown into one of the largest.
They now have more than 200 different slot games that have been provided by leading online casino game developers such as NetEnt, BetSoft, GameArt and Amatic Gaming. These slots cover most themes and most types of slots such as classic slots and progressive jackpot slots.
As well as online slots, you will also find classic table games such as Roulette and Blackjack, LIVE dealer games and even a Bitcoin sportsbook that will allow you to gamble on your favourite sports using cryptocurrencies.
Licensed and regulated by the Curacao Government, mBit can also be trusted to provide players with an online gambling experience that is both safe and secure. Tat licensing authority requires mBit Casino to abide by some strict rules and regulations with regards to the fairness they provide and the security of their player’s information and transactions.
Players might just be wondering why they should use cryptocurrencies when they could just gamble online with their countries currency instead. There are a number of reasons why these players should definitely consider using cryptocurrencies and most of them are around the savings they can provide.
Lower house edge at Bitcoin Casinos
Transactions are instant
Lower fees for transactions
Each of the above advantages is connected to the lower house edge can only be possible through the Bitcoin Casinos such as mBit being able to transfer savings they make from transactions across to players.
Transactions between a Bitcoin Casino and players Bitcoin-wallet will also be instant in both directions. This will be a huge benefit for players that have become tired of waiting as long as a week in some cases for withdrawals to hit their bank accounts.
We are not quite sure how and when they will implement the new cryptocurrencies into their current welcome bonus but are sure they will have something planned. The support for the new currencies has literally only started today so they still have their welcome bonus for Bitcoin users only at the moment.
Their current welcome bonus is spread across the first two deposits made at their online casino.
First deposit – 110% match deposit bonus up to 1BTC
Second Deposit – 50% match deposit up to 1BTC
As well as that excellent welcome bonus, mBit Casino also offers a reload bonus to all players of 25% up to 1BTC.
Players will also be able to take advantage of a VIP Program that will give them the potential to earn points that can be exchanged for cash or items such as gift cards, computers or holidays abroad.
As mentioned previously, we do expect mBit Casino to come up with promotions and bonuses for users of the new cryptocurrencies they support or modify what they currently have to work with these new currencies as well.