Why NetEnt is not friendly with Bitcoin?

Netent and BitcoinIn summer 2015 appeared the first Bitcoin casino with a full package of NetEnt slot machines appeared. And at the same time, one of the producers of gambling video slots has started to support games from the Swedish manufacturer. It seems that the new era came. But in fact, the problems remained the same. In most casinos, it is prohibited to make the Bitcoins bets. Bitcoin is good and convenient. This opinion is shared by all advanced users who actively use this virtual currency. And, it would seem, what can be more obvious than the symbiosis of two of the coolest pieces on the Earth?

Reasons of the dispute between Netent and Bitcoin

  • The transactions are anonymous.
  • The banks are generally unable to demand anything.
  • Transfers reach quickly, especially if you don`t need a further confirmation.
  • The transaction worth virtually nothing, regardless of the amounts.
  • Don`t need any card, only the number of the wallet is required.
  • It is impossible to hack someone else's wallet, it is impossible to bring down the system.
  • No taxes, etc.

Is not it a paradise for any online gambler? Yes and no at the same time. It is probably no. The process of buying bitcoins is not the most convenient activity, especially for Russian-speaking audience. The most convenient services are typically aimed at the Western audiences. And only a few people really understand what “bitcoins” mean and why it is needed. However, several years ago a new trend began: bitcoin casino. There are some rather large and well-known Bitcoin-only casinos, now, for example, bitcasino.io.

At first NetEnt games appeared there. There are almost 15 games producers on the website, including Microgaming, Ezugi, Endorphina, Betsoft, etc. The modern casino, focused on Bitcoins, is a little different from others like this – only if by the methods of deposit/withdrawal. This string has only one word: Bitcoin. But the question is not about that. You can`t make the bet on any NetEnt and Microgaming video slots, if they take any currency (EUR, USD and other currencies) with Bitcoins. We are primarily interested in Swedish products. Most often, the game servers NetEnt is in Euros and we have to convert the currency for the game.

Why you can`t play via bitcoin at NetEnt slot machines?

What is the reason? The official information on this point is absent. Most likely, everything is banal and simple: NetEnt platform doesn`t supports this currency. In other words, it is a purely technical problem that will be solved in the near future. But what if you make a deposit in Bitcoins? How to play? For example, Playamo casino solves this problem quite simple with converting Bitcoins in Euros. In almost all such cases you will be asked to transfer the account in Euros. The methods may be different. In TTR casino a system of Cubits is purposed.

At first you need to create an account, and then select it in the deposit options. In Cubits you can buy Bitcoins using VISA, MasterCard, OKpay or Bank transfer. Then you can transfer Bitcoins directly from the account Cubits or from any other purse on Playamo account. But here is the problem – a very huge commission! It is quite costly to transfer Bitcoins into Euros. Casino reinsured, because dealing with Bitcoins isn`t the most convenient occupation. It is complaining about the gamblers that like it and ready to make deposits in bitcoins, but can`t, because of serious fees from the institutions themselves. It turns out, the casino accepts a virtual currency (and that`s a plus in the reputation), but in practice it is not very profitable foremost for the gamblers.

Famous platforms working with bitcoin

CoinGaming.io became the first company, providing a ready white label (ready casino with all the customized games, payment system, etc.) which supports NetEnt games. And it`s a really important thing for the whole gambling industry. Unfortunately, now there are only a few notable establishments on this platform. The Softswiss company has recently become a leader in the operation of bitcoins. Playamo just works on this platform, like many other famous institutions accepting bitcoin along with other currencies. In other words, it is multi-currency and multi-brand websites, not specializing on anything specifically, but practicing a holistic approach.

What can you do with bitcoin?

CoinbaseIf you have free bitcoins and have a desire to play in a casino, it is best to convert them into Euros, dollars or any other tradable currency (preferably in Euros). This can be done in various ways. The most unfavorable course is converted at auto services. To buy a virtual currency you can use the following services: Circle, Cubits. Or you can use a specialized stock purchase/sale:

  • Coinbase;
  • Kraken;
  • Bitfinex;
  • OkCoin;
  • and so on.

We can also recommend a wonderful service named LocalBitcoins where you can buy bitcoins from other users. It is absolutely safe. The service acts as a mediator, but takes about 1% of each exchange. There is also the option of sharing directly in agreement, but suggest using it only with users that have perfect reputation or close to that.

When can you play?

NetEnt company is not hurry to add Bitcoin on a par with Euro or dollars. Special benefit for developer is absent because the demand among the gamblers on the currency is not great. The main difficulty lies in the technical knowledge required to work smoothly with Bitcoins. Gamblers usually don`t want to bother about buying anything on the third-party services, when they can do the usual method. However, the trend started last year and may lead to a new boom of cryptocurrencies. In the coming years, they will become much more accessible to a vast audience, and the working mechanisms with them will be much simpler. And then there will be NetEnt slots with bets in Bitcoins. Not earlier.

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