Bingo has been played and loved by players for centuries, with its roots stretching all the way back to the 16th century when early versions of the game were played as a lottery style game in Italy. The now world-famous game soon caught on and spread quickly throughout Europe before making its way over the pond to North America in the 1920s where it also took off.
There was once a time when bingo halls could be found up and down the UK and were filled with hopeful and excited bingo players but following the smoking ban, bingo halls took a downward turn and many bingo halls haven’t recovered, with many shutting their doors for good.
However, technology came to the rescue and bingo is now a game that is widely played throughout the world thanks to the wonders of technology which means players can now play bingo whenever they like, wherever they are. Online bingo has become extremely popular and has given the old game of bingo a reputation make-over and now is extremely popular with players of all ages, not just the over 55s, especially with new websites like Barbados Bingo! It was important for bingo to become more accessible and appealing to a younger audience if they wanted to compete with online slots and online table games such as Blackjack and Poker.
Playing online bingo with Bitcoin and other Cryptocurrencies
In recent years it has become possible for bingo players to also play bingo with cryptocurrencies like Bitcoin and Bitcoin Bingo is becoming more popular every day since its inception back in 2009. Although initially, some people were skeptical, it soon found its place in a number of online casinos and bingo sites. The cryptocurrency’s success also led to the creation of other popular cryptocurrencies including Ripple, Ethereum, and Dash which can also be used to play online bingo. Cryptocurrencies have many benefits with the main reason why players prefer to use them is that they offer a high level of anonymity. For example, with Bitcoin, all you need to do to play online bingo with the currency is to provide your Bitcoin wallet’s address and you don’t need to complete any personal information.
Additionally, Bitcoin is also beneficial as it is very quick – online casinos and bingo sites can very efficiently process deposits as well as withdrawals, so you will get your winnings sharpish! As with the majority of other payment methods, Bitcoin deposits are generally credited to your online bingo account within a couple of minutes if not instantly!
However, unlike the vast majority of other payment methods, Bitcoin withdrawals are usually processed and made available to players within a matter of minutes which is brilliant news for players. If you used other ways to withdraw winnings such as bank transfers, eWallets, and credit cards, you will know that you sometimes need to wait around for your winnings to be made available – usually, a few days before you can get access to your money which has always been a downfall and sometimes these withdrawals are subject to fees. However, Bitcoin transactions generally don’t have withdrawal fees in most instances. Bitcoin and other cryptocurrencies are also becoming a preferred payment method with many online bingo sites offering exciting and exclusive bonuses and promotions to players who use Bitcoin and other cryptocurrencies.
Bitcoin Stock falls and its implications on Bingo players
As with most things in life, unfortunately, Bitcoin has its disadvantages for players. One drawback of using Bitcoin is that it isn’t as widely accepted as some other payment methods like credit and debit cards but more importantly the currency is extremely volatile to the stock market. Recently, Bitcoin has seen its value fluctuated considerably, leading players to wonder whether it was safe to play within in comparison to less volatile currencies. Bitcoin has recently been fluctuating between a brilliant high of almost $20,000 to all-time lows of slightly above $3,000.
As of 2019, Bitcoin stabilized and leveled off at around $10,000, however, as the world enters unchartered territory globally, the 2020 coronavirus financial crash is a real test of Bitcoin and it could be one the biggest opportunities that Bitcoin has encountered as the pandemic grips financial markets. Only time will tell whether Bitcoin will show its worth during times of instability. As of early 2020, Bitcoin touched another low of around $3,600. However volatile, the benefits of Bitcoin and other cryptocurrencies for bingo players are clear!
How to purchase Bitcoin and play online Bingo
It’s extremely simple and easy to purchase Bitcoin for playing online bingo! Firstly, you’ll need to download a Bitcoin wallet so that you can store your Bitcoin securely. There are several types so you will need to do your research and find out which option is best for you but generally, it is advised to use a cold storage wallet, which basically means you can use it without the requirement of an internet connection, making them more secure.
Once your Bitcoin wallet is all set up, you can then purchase Bitcoin from a trusted Bitcoin exchange – for example, Kraken, Bitstamp, and Coinbase are reputable as well as Coinsmart and Gemini, but the choice is up to you!
There are many Bitcoin bingo sites for players to choose from, so choosing one can be the hardest part! The main things to look out for is finding a bingo site which accepts both Bitcoin as well as players from the country you’re playing in and ensure you’re playing at a site that you trust, is licensed, is regulated and has a Privacy Policy.
You will find yourself spoilt for choice and many online bingo sites will offer brilliant bonuses and promotions to attract players, so be sure to shop around and make sure you read all betting requirements before accepting any bonuses! Read reviews from other players for the best bingo sites to play on and make sure to only play on bingo sites that are trusted so you can immerse yourself in the ultimate bingo experience without having to worry!
