Why is NetEnt unfriendly with Bitcoin?
It was in summer 2015 when the first Bitcoin casino came on the market scene with a full package of NetEnt slot machines. At the same time, one of the producers of gambling slots has started to support games from the Swedish manufacturer.
Bitcoin is a convenient currency - this opinion is suggested by all the advanced users who actively use this virtual currency.
Obviously, it was a completely new era that started. But actually, the issues remained the same. In most casinos, it is still prohibited to make the Bitcoins bets. And so, what about the mix of two of the most awesome pieces on the Earth? It sounds too good not to be tried.
Important reasons for the debate between NetEnt and Bitcoin:
- The transactions are completely anonymous.
- Transfers are delivered quickly, especially if you don't need additional confirmation.
- The transaction is worth virtually nothing, regardless of the amount.
- You don't need any card, the only thing required is the number of the wallet.
- It is not possible to hack someone else's wallet, and it is not possible to shoot down the system.
- Generally, the banks are not able to demand anything.
- There are no taxes, etc.
For any online player this can be a real paradise. Yes and no at the same time. It is most probably not so. On one hand, the process of buying bitcoins is not the most accessible activity, especially for the Russian-speaking audience. The most convenient services are typically aimed at Western audiences. On the other hand, not many people understand what "bitcoins" are, and why they are needed. However, several years ago bitcoin casinos appeared on the market scene as a new trend. Nowadays, there are some quite large and wide-spread Bitcoin-only casinos. For example, bitcasino.io.
At first, NetEnt games appeared there. On their website, you will also find about 15 game producers, including Microgaming, Endorphina, Ezugi, Betsoft, etc. The modern casino focused on Bitcoins, differs a little bit from the relevant ones. The difference refers the deposit and withdrawal methods. It is called: Bitcoin. But the main question is not concerning that. You can't make a bet on any Microgaming and NetEnt slots, in case they get any available currency with Bitcoins. Swedish products are our main interest. Most frequently, the NetEnt game servers are in pounds. To play the game players have to convert the currency.
You can't play via bitcoins at NetEnt slot machines?
What is the reason for that? There is no official information on this point. Probably, the answer is trivial and simple: NetEnt platform doesn't support bitcoin currency. Or, it is considered to be a technical problem that will be solved soon. But what will happen if you deposit Bitcoins? How to play? For example, Playamo casino solves the issue quite simple with converting Bitcoins in pounds. In almost all similar cases you will be asked to transfer the account in pounds. The methods may be different. A system of Cubits is purposed in TTR Casino.
At first, you have to open an account, and after that select it in the deposit options. In Cubits, you can buy Bitcoins using Okpay, Visa, MasterCard, or Bank transfer. Then you can transfer Bitcoins directly from the Cubits account or any other purse on Playamo account. But here comes the problem – the commission is massive! It is quite expensive to transfer Bitcoins into pounds. Casino reinsured, because dealing with Bitcoins isn't the most convenient activity. It is complaining about the players who like it and ready to make deposits in bitcoins, but can't because of high fees from the institutions. It turns out an advantage that the casino accepts a virtual currency, but actually, it is not quite beneficial for the players.
Popular platforms working with Bitcoin
CoinGaming.io became the first company that provides a ready white label (casino equipped with various customized games, a payment system, etc.), and supports NetEnt games. And, it's a phenomena for the whole gambling industry. It is a pity, but currently, there are just a few famous establishments on the platform. Softswiss company has recently become a leader in the operation of bitcoins. Playamo works on this platform, as many other well-known institutions accepting bitcoin along with other currencies. Otherwise said, it is a multi-currency and multi-brand website, which does not specialize in anything specific, but having a holistic approach.
What can you do with bitcoin?
If you have free bitcoins and wish to play your favorite casino games, our advice is to convert them into any tradable currency (preferably in pounds). There are different ways to do this. The less recommended activity is converting to auto services. One of the following services can be used to buy virtual currency: Circle and Cubits. You can also use a specialized stock sale:
- OkCoin, and more.
The amazing service called LocalBitcoins is also recommended by us. The service acts as a mediator, and you can use it to buy bitcoins from other users. The activity is completely safe and takes about 1% of each deal. Another option is given to share directly in agreement. However, we recommend being done only with users who have the ability and a perfect reputation.
When will playing be possible?
The Net Entertainment software developer is not in a hurry to combine Bitcoin with pounds as payment methods in their creations. There is a low demand among the players on the currency. So benefit for the game developer is not big. The most significant difficulty comes from the technical knowledge required to work with Bitcoins at ease. Gamblers do not need to have the hassle of buying any third-party services, when they may use the customized method. Nevertheless, the trend began last year, and we may see soon the boom of cryptocurrencies. It is expected that cryptocurrencies will become much more accessible to a broad audience in the coming years. They will probably have much simpler working rules and mechanisms. And then, NetEnt slots will be presented with bets in Bitcoins.