Bitcoin - Digital Currency for Gambling

Welcome to the world of casino gambling with a digital currency that has truly changed the way players wager on the favorite games. That’s bitcoins we are talking about. The crypto-currency allows for faster deposits and withdrawals while it offers a great deal of anonymity as well. Those lengthy banking processes shouldn’t be a deterrent to enjoying casino gaming any more. Bitcoin casinos are the place to be to savor this experience, and we are here to help you make the most of bitcoin gambling. So jump on the bandwagon and allow us to give you the best bitcoin gambling experience possible.

Whether you need initiation into the world of bitcoin gambling or are a seasoned bettor, we bring you closer to the lucrative world of online gambling made even more exciting with bitcoins. The digital currency was launched in 2008 and since then has captured the attention of users worldwide as a convenient payment method. For online casino enthusiasts the advantages of using the crypto currency are numerous. Bitcoin casinos make it possible to make speedy transactions while all their games re provably fair, which means the outcome of games are truly random.

Bitcoin Wallets

Using bitcoins involves what is known as a bitcoin wallet, which is where the digital currency is stored. Bitcoins can be bought and sold at bitcoin exchanges such as Coinbase, Bitstamp, and Kraken. The exchange process takes place via bitcoin miners that verify the integrity of every transaction. This is made possible through specialized software and hardware that places transactions in a locked area to verify the authenticity within a block chain.

Getting started with bitcoins

If you are a newbie there’s no reason to be intimidated by bitcoin gambling. It’s as simple as playing at a regular online casino except that you use a digital aka crypto currency. Most bitcoin casinos guide you through the process of buying bitcoins directly from their site via a bitcoin wallet.

Online wallets or cloud wallets are the most type of bitcoin wallet. These include Kraken, Block Chain and bitgo.com. One the other hand, software wallets like copay.io and Electrum are ideal for users with advanced knowledge of bitcoins. You will also find USB smartcard based bitcoin wallets like Ledger that protect bitcoin data.

Bitcoins can be purchased directly at a casino. You can buy bitcoins using a credit card or wire transfer. You can also buy bitcoins from exchanges such as Kraken and Cubits and have the funds transferred to your casino account.

Benefits of using bitcoins at casinos

There are many reasons why bitcoin casinos make the cut. And it all begins with the liberty to remain anonymous. Users do not need to reveal any personal information when making payments via the digital currency, which is ideal when it comes to protection from identity theft. You won’t be prevented from playing or cashing out winnings if you do not wish to reveal your identity.

Bitcoin gambling eliminates costly processing fees. Transferring and withdrawing funds from a bitcoin casino comes free of cost in most cases so you get to safe a tidy sum. There are no third party commissions involved. In addition, transactions are processed instantly, which means you can expect funds in your casino account or bitcoin wallet much faster.

Another major advantage is the ability to make secure transactions as long as users make sure to secure their bitcoin wallets.

Bitcoins are accepted globally so getting started at a bitcoin casino is easy no matter where you are located.

Games are certified provably fair where bitcoin casinos allow its members to add their own seed number to generate random numbers. The casino also adds its own random seed, which makes it certain that the combination is totally random since the casino cannot determine the player’s random seed.

How much bitcoin do you need to play at bitcoin casinos

The value of a bitcoin fluctuates like any other currency and is currently worth around $650. Bitcoin casinos allow minimum deposits to be made in milli-bitcoins where 1mBTC is valued at around $0.65c. You can wager on your favorite slots for as little as 0.01 mBTC.

Depositing and cashing out winnings from a bitcoin casino

Bitcoin gambling is easy and depositing funds in your casino account or withdrawing winnings is even easier. You can get started at a bitcoin casino in a few minutes. Simply register for an account, visit the cashier section, copy the casino’s bitcoin address, enter the amount you want to deposit and send your deposit to that address from your bitcoin wallet. Confirm your deposit and the funds will be available in your account in no time at all.

To cash out winnings all you need is to enter your bitcoin wallet address and the amount in the withdrawal section. Payments are processed in real time and you can expect a speedy payout.

Now that you are aware of the basics of bitcoin gambling, it is time to get started. Feel free to make use of our expertise and advice to get started on a right note. We remain committed to doing all the research and are therefore confident that we can lead you to the best bitcoin casinos in the business. Rest assured you will find an excellent choice of slots, table games, poker games, and live dealers. Then again, we also weigh in on casinos that offer authentic bonuses including an excellent welcome package to boost your bankroll and have double the fun.

Register at one of our reviewed bitcoin casinos and you can get started with spinning the reels in your favorite slot or racing to 21 in an action packed game of blackjack in an instant. There’s always a great deal up for grabs and the chance to play in a safe and secure environment.

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