Bitcoin Domain Sells for $28,000

Last week Florida-based group Casino Holdings Inc. announced that they've completed a purchase for the web domain Bitcoin.Casino for a record $28,000.

That number is relatively small for an online betting domain, but it is a record for the .Casino domain extension itself. Bitcoin casinos have found a foothold throughout the world, as players enjoy the rapid pace of transactions as well as the lack of fees, among other features found in the cryptocurrency. Bitcoin recently set an all-time high for value, and sits at $1,186 as of press time. Analysts have put a prospective value of $2,000 per coin.

Currently the all-time record for an online casino domain is Casino.com, which sold in 2003 for a staggering $5.5 million, while the domain Gambling.com sold for $2.5 million in 2011.

A full list of casinos accepting Bitcoin for deposits and withdrawals can be found here.

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lvblck
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28 February 2017 - 12:46pm
#1

I honestly thought that this was a very small sum for a domain purchase. I thought that it would cost at least 3x more the least. But hey- if they did it, it was a smart decision for them, they didn't do it without a purpose.

bgsharpe
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28 February 2017 - 9:52pm
#2

Well I can't comment if that domain buy is cheap or expensive - just not too familiar with that but like slim mentioned in the news, bitcoin casinos getting popular because of the fast transactions and the lack of fees but all or at least leading e-wallets should try to compete because many of them would go bankrupt and it won't be just a bitcoin fault.

lvblck
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28 February 2017 - 11:39pm
#3

I am definitely no expert in this either but I did think that with these kind of things you can earn some nice money.