What Are the Drawbacks of Bitcoin Gaming?
There are a lot of fantastic benefits to using Bitcoin for gambling, but there may also be some disadvantages to consider. These include:
- Volatility: The value of Bitcoin can fluctuate dramatically in a short amount of time. This suggests that since you made your initial deposit, the value of the money you deposited may have increased or decreased.
- Absence of regulation: Since Bitcoin is not connected to any financial institution or government, it can be difficult to know that your money is being handled responsibly.
- Exorbitant transaction costs: The expenses incurred when utilizing Bitcoin can differ greatly and, in certain situations, might surpass the initial deposit.