While Bitcoin has some excellent qualities, there are a few things that you ought to look out for. First, signing up for the right wallet and knowing how to store your Bitcoin is important knowledge for crypto gamblers.Cryptocurrency exchanges are usually the quickest way to buy Bitcoin, but storing may be done best outside any exchange whatsoever. Storage method aside, there is the volatility of the cryptocurrency to consider.
Bitcoin has been on a joy ride, starting from sub-$20,000 in late 2020 to over $64,000 in early 2021. The currency has lost value since, but it just goes to show that spending your Bitcoins on gambling should also be aligned with what price fluctuations are taking place.
Not least, there is the subject of “anonymity.” While blockchain may create an anonymous ecosystem for carrying out various transactions, gambling sites do not.
Many sites are obligated to run KYC and AML checks. While your transactions cannot be tracked on the blockchain more or less, they can be tracked and associated with your name through the information obtained by the casino
