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Over the past few years Bitcoin casinos have managed to attract the attention of a significant number of players looking for not only a variety of games but speedier payment formats. If you wish to be a part of this growing trend then look no further. We have all the information you need to get started and take bitcoin gambling to the next level.
Bitcoin is a digital currency that made its way into the market in 2008 and has since then been the preferred payment method for many across the globe. Online casinos too have recognized the need to offer more convenient banking methods which is why we now see an increasing number of casinos supporting Bitcon among other currencies. So, if you desire to enjoy a great online gambling experience, fund your casino account and cash out at lightning speed, stick around and we will help you achieve this goal.
Bitcoin is a crypto-currency launched in 2009 by an individual known as Satoshi Nakamota, although the true identity of the person is unknown. While it entered the market during the economic slowdown it did not take long for the virtual currency to operate in a peer to peer marketplace. 1 Bitcoin is currently worth around $650 although it would be prudent to know that the price fluctuates just like traditional currencies. Bitcoins are exclusively a digital currency with no physical presence. They are made up of numbers and letters linked through algorithm and are transferred through addresses. It is the quickest way to conduct transactions, which is why the currency is a popular form of payment for online gamblers.
The virtual currency is stored in a bitcoin wallet and can be bought and sold at bitcoin exchanges. Kraken, Bitstamp, CoinMate, and Cryptsy are just a few of the popular bitcoin exchanges. The exchange process is similar to banks. A user deposits money in a currency supported by the exchange to his own account in the exchange and is credited the corresponding amount of bitcoin that can be used to fund his casino account. Credit cards and bank wires are the payment methods commonly accepted at the exchanges.
Bitcoin casinos are now considered among the most versatile when it comes to payment methods. While some casinos only support bitcoins as a payment mode for deposits and withdrawals there are many other casinos that have added bitcoin to their cashier platform along with other regular currencies. Several Bitcoin-only casinos have their own proprietary software and disclose how their algorithms work. Most bitcoin casinos permit its members to purchase the digital currency directly through their site via a bitcoin wallet.
Placing wagers at a bitcoin casino is similar to using regular currency. All you need is to fund your casino account by using your bitcoin wallet address, and then start playing your favorite games immediately. Wagering is designed so that you can split it into smaller bets and denominations. Simply choose how much you wish to bet per spin or hand, and you are ready to roll. If you have placed real money bets before, you won’t find any difference betting with bitcoins.
One of the major benefits of bitcoin gambling is that users can enjoy a great degree of anonymity. You do not need to furnish any personal details and are required to conduct transactions based on the bitcoin wallet address. This helps avoid the risk of identity theft as well.
Bitcoin casino operators don’t have to bear any additional banking costs since transactions are processed for free. There are no third party commissions either. This allows them to pass on the savings back to their players, often to be found in the form of generous bonuses. The payout percentages on most games are usually higher when compared with traditional online casinos.
Transactions are processed in real time so you can likely to have the funds available in your account almost instantly.
Bitcoins enjoy a global presence so it doesn’t matter which part of the world online casino players reside. They can access casinos without having to overcome payment restrictions. Several bitcoin casinos are certified provably fair and therefore offer safe and verifiable results. Members as well as the casino add their own seed numbers to generate random numbers, which allows for transparency and fair play. Bitcoin transactions are encrypted and secure.
Depositing and cashing out winnings from a bitcoin casino
Depositing funds or cashing out at a bitcoin casino with the digital currency is easy. Once you register for an account at a casino, simply visit the cashier’s section to make a deposit. You will need to enter the casino’s bitcoin address and the amount you want to deposit and send it from your own bitcoin wallet. The funds will be credited to your account almost instantly.
The process is as simple when it comes to withdrawals. In the cashier’s section enter your bitcoin wallet address and the amount you wish to cash out. Confirm the request and you can expect to have the funds available in your bitcoin wallet in less than 12 hours although casino’s may vary in their processing time.
Now that you know what bitcoin gambling is about it’s time to head to casino to play your favorite games. Our experts always have a finger on the pulse of everything bitcoin and are confident of leading you to the best bitcoin casinos in the business. Rest assured you will discover a world of convenience, discretion, and entertainment as you transition from traditional online gambling to bitcoin gambling. There’s an awesome selection of slots, table games, video poker, poker, and even live dealer games to choose from. Combine that with lucrative bonuses and there’s every reason to head to a bitcoin casino right now.