Bitcoins are the innovative digital currency that gives players a safe and easy way to get their money in and out of their casino account. Due to great benefits, the number of online casinos offering Bitcoin as a payment method is growing rapidly.
What are Bitcoin Casinos?
Bitcoin Casinos are all online casinos that offer Bitcoins as a payment method. Bitcoin (BTC) is a digital cryptocurrency that has become very popular in recent years. It differs from traditional currencies, such as the US dollar, euro and pound sterling, in that it has no central bank and operates only virtually on the market. Bitcoins can therefore only be transferred between users via Bitcoin addresses, which are a series of numbers and letters that vary between 27-34 characters.
Some Bitcoins casinos only deal with Bitcoins. However, there are those who have worked with traditional currencies and are now adding Bitcoins as an additional deposit and / or withdrawal method. The others are called hybrid casinos. Most of them will accept payments via Bitcoin casino and make withdrawals to a Bitcoin address, but they will convert the money into a traditional currency when you make the deposit.
How to get Bitcoins?
Find a well-known place to buy Bitcoins. The most comfortable choice would be an established reseller like Coinbase or another trading venue. The most common way to get Bitcoins is bank transfer (e.g. SEPA, ACH or transfer). However, there are some services that offer other methods such as local payment coupons, e-wallets or even credit cards.
Once you have selected a reseller and decided on the payment method, you buy Bitcoin. Trading usually takes place immediately and at current market interest rates. The retailer usually charges a very small commission which pales in comparison to most e-wallet fees.
How do you deposit into your Bitcoin casino account?
Upon registration, you will receive your Bitcoin address, which you must use when you want to make transactions at an online casino. Depositing money into your casino account goes through immediately and practically for free. You just have to wait for the transaction to be confirmed by the blockchain, which almost always takes less than an hour. When the money comes into your account, you are ready to play.
Also remember to keep an eye on the campaign page, where the same is true for traditional transactions. All brands have their own casino bonuses and giveaways that can increase your chances of winning.
How do you withdraw your winnings?
When you decide to make withdrawals with Bitcoin, simply send your coins to the address of your exchange. You must sell your Bitcoins, and request a bank transfer or other withdrawal method. But if you prefer to stick to your Bitcoin, we recommend that you download your own free Bitcoin wallet and protect it with a password. Just be aware that Bitcoin prices fluctuate.
What are the benefits of playing with Bitcoins?
The reason why Bitcoin Casinos has taken the online gaming industry by storm is straightforward – they offer many benefits:
First and foremost, payment management is completely secure, simple and free of charge. Many reputable casinos cover the processing fees themselves when dealing with traditional currencies, but in unregulated markets such as the United States, players are forced to cover expenses of up to 10% of their winnings. When you play with Bitcoins, there are no process fees, which saves money for both casinos and players.
Another advantage is that Bitcoin is not tied to any government or bank. Funds cannot be seized or frozen in the same way as they could if they were held in a bank with traditional currency.
This is a trifle for those who live in legal, regulated online gaming markets, but for unregulated markets, this is an essential aspect. For example, it is not unlikely for American players to get their money frozen. Bitcoin users have complete control over their funds, so situations like these cannot arise.
Anonymity when playing online is also a good bonus. Most Bitcoin casinos only ask for the player’s password reset email address. The vast majority do not request personal information, such as your name and address.
Play at Bitcoin Casinos
Bitcoin Casinos offer the same games as traditional online casinos. Whether you are an online slots lover or more of a table game fan, you do not have to worry. Bitcoin casinos will have a variety of games to choose from.
It is very common for Bitcoin casinos with fair play; this is a revolutionary way to establish fair play. Each game demonstrably calculates fairness in different ways, but the concept is spreading in most major Bitcoin casinos. Players can verify that a game is demonstrably fair by entering game ID numbers and other information that varies depending on the site.
