Bitcoin Baccarat: Things That a Beginner Needs to Know!

Introduction

Since the introduction of Blackjack, Baccarat has become a rare game to come by in casinos. However, with the escalation in the popularity of online gambling, especially bitcoin gambling, Baccarat has revitalized its charm. Its fanbase is also increasing day by day due to the numerous advantages it offers. Playing Baccarat by using Bitcoin has innumerable benefits over the conventional form of currency like faster withdrawals, low fees, and a higher level of security. This guide will provide the new users with the necessary information to help them make informed decisions while playing the game. 

What Is Bitcoin Baccarat?

Baccarat is a casino game of comparing cards, and it is played between a player and the banker having three possible outcomes: player, banker, and tie. Cards numbered from two to nine have their face values as original values; one is Ace and Ten is zero. BTC baccarat is played similarly to a regular baccarat game. A player aims at scoring nine or higher than the dealer to earn bitcoins. Online bitcoin baccarat comes with some added advantages as compared to regular baccarat, such as:

Anonymity: It can be played anywhere without requiring the players to share their credentials with the online casinos. All one needs to do is register with an email address & start playing.

Instant transactions: No more waiting for weeks to get transactions processed. Gamblers can withdraw their money into their wallets within a few minutes or even seconds. 

Fair Games: Random Number Generator (RNG) system selects the cards using an algorithm in a random, encrypted way. The users can cross-check it to see if cards were randomly selected or not.

Lower fees: Since cryptocurrencies work on blockchain & are decentralized, the fees charged on their transactions are way lower than those levied on the conventional form of currencies. 

How Does Bitcoin Baccarat Work?

The Bitcoin baccarat is almost similar to what people see in the live casino. The only difference is that users bet with cryptocurrencies here instead of paper money. Before playing a hand, the player needs to wager on a tie, on themselves, or the banker—the one who scores the closest to nine wins. Only the second digit is considered when a hand scores greater than nine. For example, if a player lands up with a sum of twelve, the real value to be calculated for the player will be two. There are two formats of Baccarat game: the mini-baccarat and full pit style with 6-7 players and twelve players, respectively. The stakes are generally lower in mini-baccarat, thus attracting more players. Novice players tend to visit tables where stakes are not high to get various levels of baccarat and truly get a grip on the game. 

Bitcoin Baccarat: Pros and Cons

Pros:

• The maximum transaction settlement time is around 24 hours which is still lesser than 72 hours of payout time in fiat currency which sometimes goes up to 2 weeks.
• The players can bet anonymously without needing to disclose their identities.
• Gamblers can learn the tips & strategies within a few minutes.
• Many casinos provide the players with a small amount of Bitcoin for free to play.
• The players are allowed to see the results in real-time mode.
• The casinos do not require any financial or personal data of gamblers to play.

Cons:

• Bitcoin Baccarat is still not legal in some countries. Hence, the players may face legal problems.
• BTC is not considered stable as its prices experience huge fluctuations regularly.
• Using crypto or Bitcoin for the first time can be challenging to understand.
• Bitcoin operates on a decentralized level, so there isn’t any regulatory authority.
• Despite being a prevalent option, fewer casinos are crypto licensed.

Is Bitcoin Baccarat Safe and Legal?

No laws stop one from getting involved in online gambling, so the legality remains vague. Bitcoin baccarat is legal if the gamblers are in a jurisdiction where gambling is legal. In order to be safe from unnecessary fraud, one should only go with licensed casinos. Moreover, when it comes to the safety of users’ funds, no one can question the security that comes with the usage of Bitcoin due to the application of blockchain technology which is still infallible. The transactions done using cryptocurrencies are saved in a public ledger, making the whole process transparent and leaving no place for nefarious activities. 

Bottom Line

Despite being an old game, Baccarat is still chosen to play worldwide. It never goes out of fashion. The rules of the game are easy to learn & Bitcoin Baccarat provides players with so many reasons making it more straightforward & attractive, like privacy, instant payouts & the possibility to play from anywhere in your comfort. While many countries look at Bitcoin games positively, some view them differently. Nevertheless, it is not illegal & people are making loads of money from it. So, it’s a head-turner for the players who want to make an extra dime from the comfort of their homes.