Bitcoin Casino Gambling Guide
The Ultimate Bitcoin Gambling Guide for Online Casino Players
Imagine an impressively modern and diverse way of gambling, one that is not just better but also intensively improved than other forms of gambling online with real cash. As it stands, Bitcoin online casinos have managed to provide a safe and immediate method of enjoying all the latest casino games in the exact method as mentioned above. Those who are familiar with Bitcoin casinos will readily agree and here’s why.
In a perfect world, keeping all sensitive information private is possible. Unfortunately, the internet is not perfect, but it is the ideal hunting ground for hackers to take advantage of sensitive data that should be exclusive to its owners. Bitcoin eliminates this factor entirely and creates a new trusted platform of gaming, exclusive to the online gambling industry and one we intend on sharing with the public.
Furthermore, blockchain technology has made it possible for all financial transactions to remain anonymous and has improved online users’ experience by restricting the majority of any possible hacker activity from taking place.
The Top Voted 2019 Online Casino Sites Boasting Bitcoin Currency
Most of the top rated online casinos are Bitcoin enabled and have the functionality that modern players are seeking. By signing up with Bitcoin-friendly online casinos, you are not only ensuring safety, but you are also creating a new kind of online gambling platform, one that can only be explained through the joys of experience.
Cryptocurrency entails a method of safer online financial transactions, which means there are a number of currencies which are accepted, transacted and used by trusted online casinos. Some of these cryptocurrencies include Bitcoin Cash, Ethereum, Ripple, Dash, Monero, Zcash, and Dogecoin, all of which are aside from Bitcoin.
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The Advantage of Playing Bitcoin at Online Casinos
When online casinos offer deposit or withdrawal methods, players need to accept one or another form of payment. When playing or transacting Bitcoin, players can expect the same payouts without having to opt for it. Another massive advantage of playing at Bitcoin accepted online casinos is that players accounts are almost immediately credited with Bitcoin as the online currency is fully functional as well as incomparable in terms of instance payouts and deposits.
Using Digital Currency to Your Advantage
The most advantageous aspect of transacting Bitcoin or other cryptocurrencies is the anonymity that is associated with each crypto. You could potentially look at the use of cryptos as an alternative means of traditional cash and is a currency used by the most elite and proficient gamers. No personal banking information is required from you as a Bitcoin player, and the casino will not need any other information in terms of monetary transactions. You may still be required to enter some vitally informative details such as your age, location, and a password, but that is all stalemate as all online casinos request this kind of sensitive data all of the time.
Bitcoin is a decentralized currency, meaning no governing body is monitoring the trade to and from users as well as the casino. On top of that, is that players are treated to cheaper transaction rates which are uncommon in the online gambling industry. Through any other transactional form of online financial transactions, players will be charged standard banking fee rates to facilitate the service.
Crypto Casinos vs. Traditional Online Casinos
We could say that Bitcoin online casinos are modernized and as a result offer a vast range of new and trending online casino games. One of the advantages of using a Bitcoin online casino is all deposits made are made anonymously which uses blockchain technology to enable this feature. The second advantage of crypto casinos is the turnaround time in which each transaction is made. Unlike traditional casinos, Bitcoin casinos pay out almost instantly as all winnings are earned in cryptocurrencies. In addition to these advantages, players can also enjoy a speedy sign-up process and lower fees.
Traditional online casinos take far longer to pay out winnings depending on the method chosen by players. This is also one of the many reasons traditional online casinos are adopting Bitcoin as a form of payment and withdrawal options. Players are required to choose which method they prefer upon winning. The casino also has its own turnaround time before the payments are processed which could take even longer in some instances.
What Do You Need in Order to Play Bitcoin
If you want to play at a Bitcoin casino, you will need internet connectivity and possibly some form of identification to prove who you are, given that you have created an account. This will depend on the casino; however, BTC players really don’t need very much to get started. The casino site will need to be a trusted one, and you can see below how to choose the right casino for your playing needs.
Important Questions to Ask Before Signing Up at Any Bitcoin Online Casino
Before you decide on becoming a member with a Bitcoin or even a traditional online casino you will need to establish whether or not you trust spending your hard earned cash there. Answer these questions positively, and chances are you have found a legitimate Bitcoin casino where your money will be kept safe.
- Is the casino a fair play casino which utilizes a random number generator?
- Is the casino popular and if so what is it most popular for?
- What are the processing times?
- Is there customer support?
- Can you reach help when requested?
- Is the casino licensed and registered?
- Does the site use SSL encryption to protect a player’s information?
- Are there other cryptocurrency options?
- Are there leading gaming software providers displayed and available to access?
- Have you read reviews stating the legitimacy of the casino?
- Does the casino have a good reputation?
Depositing BTC Online
One of the great things about modern technology is that players can easily use the internet’s tools which are at their disposal. Legitimate BTC online casinos have guides and even FAQ’s which lend a helping hand to first time users. You will need to register with an online crypto wallet which allows users to make financial transactions online. The code is used at online casinos where the field is required, and no personal information is asked during this process.
Withdrawing BTC Online
Just as you would make a deposit online, you will also use the code to take money out at the withdrawal section of the casino. The process is as simple as depositing BTC. Once the currency is in your online wallet, you can choose to have it transferred into traditional cash, or it can be saved as Bitcoin.
The Most Popular BTC Casino Games
As you can imagine, there are a vast range of BTC games and the majority of table games are the most popular. Just like regular casino games, Bitcoin games also attract the attention of high rollers. One of the most popular forms of casino gaming amongst Bitcoin users is playing online video slots. They require the least knowledge and are often the most rewarding of Bitcoin games.
Roulette, Blackjack, Keno, Lottery, progressive slots, modern slots, classic slots and many other popular forms of casino games can be played at Bitcoin casinos as developers have been creating BTC versions of even the latest gaming releases.
Gambling Payment Methods
What is Cryptocurrency?
There are a number of accepted payment methods that you could use in the iGaming industry; this article will focus on the usage of cryptocurrency. So let us begin by explaining what cryptocurrency is and how you can use it in the iGambling industry. Cryptocurrency is a form of digital money that is totally anonymous, decentralized, and fast becoming one of the most secure methods of transferring, investing, sending, and saving money.
These currencies are based on blockchain technology, which is a ‘distributed ledger enforced by a disparate network of computers.’ What makes the use and adoption of the cryptocurrency is the fact that it is completely uncontrolled and monitored, meaning that it is not issued by any authority. The appeal in this to most of the world is that their money, whether it is virtual or real money, your currency is technically immune to government interference or manipulation.
The Famous Bitcoin Crypto Coin
What is Bitcoin?
Simply put, Bitcoin is a peer-to-peer electronic cash system that allows people around the world to trade through a completely digital platform with the use of wallets, blockchains, private keys, and mining. Bitcoin Cash is the upgraded version of the Bitcoin core software that is faster, cheaper, and easier to use, as has widely become known as ‘electronic cash that you can send or receive instantly.’
Where can you use Bitcoin?
The iGaming industry has adapted to new methods of payment and must do so in order to accommodate their wide range of players. This is why users can now partake in safe, fun, Bitcoin gambling, and Bitcoin Cash gambling. Bitcoin is the world most popular and widely used cryptocurrency that shook all stock markets with its overnight success. This is why there are Bitcoin casinos online or Bitcoin Cash casino online platforms, where gambling using the currency can be found on many BTC specific gambling sites. The first official Bitcoin trading and gaming website, Bitcasino, has a collection of over 1800 high-quality casino games such as blackjack, Poker, Slots, and Baccarat.
The Ethereum Cryptocurrency
What is Ethereum?
The second way that customers choose to enhance their gambling experience is by means of Ethereum. ‘Ethereum is a global, open-source platform’ that allows its users to write code that can control digital values and like other digital payment methods, is accessible from absolutely anywhere in the world. Ethereum was launched in July of 2015 by VitalikButerin, who initially proposed this cryptocurrency in late 2013. The development of this currency was actually funded by an online crowd sale that happened just between July and August of 2014.
Where can you use Ethereum?
This means that you can partake in instant payments, trade digital assets, and even make real money via Ethereum casino online. Some of the best online gambling platforms can be found right there on your browser, but just as a heads up, some of the best Ethereum gambling sites are Stake, mBit Casino, 7Bit casino, and DuckDice. This is a great platform that gives customers yet another method of payment and trade, which can also be used in Ethereum gambling.
A Closer Look at Litecoin
What is Litecoin?
Thirdly, we shall look at another payment option known as Litecoin, which is very similar to the other two methods mentioned above yet with a few differences. Litecoin is a peer-to-peer online currency that enables instant, cheap payments to virtually anyone in the world. What makes Litecoin different from other electronic cash systems is the proven faster transaction confirmation times and ‘improved storage efficiency’ amongst all mathematics-based currencies.
Where can you use Litecoin?
Litecoin can be used for a number of things such as online shopping, internet services, for tourism and entertainment, traveling and renting from anywhere in the world. Cryptocurrencies can also be used in business services and are a popular choice in the B2B sector because of its guarantee of safety and security. And of course, the cryptocurrency can be used for Litecoin gambling and gaming services.
Several cryptocurrency online casinos have been created for this very reason, and such is the same for Litecoin, with Litecoin casino online platforms becoming more and more popular. Just a handful of these online gambling platforms are PlayAmo, Anonymous Casino, Crypto Games, and FortuneJack, which can all be found at the touch of a button.
All About Dogecoin
What is Dogecoin?
The fourth and final type of payment method that can be used in the iGaming community is known as Dogecoin. Dogecoin is an open source and often referred to as a peer-to-peer digital currency which allows you to effortlessly transact online. Dogecoin is at its core rather similar to most cryptocurrencies, but it sets itself apart by being community and people oriented. The amazing Dogecoin community is filled with vibrant people who are looking for a safe, easy, and instant way to spend, save, and invest their digital currency. ‘Dogecoin is used with a wallet on your computer, your smartphone, or a website.’ A great community feature that this currency has is the ability to tip fellow online users who create and share really interesting content.
Where you can use Dogecoin?
Dogecoin can be used on many platforms for different reasons; for example, AllGamer.net is one platform that specializes in gaming and information technology that accepts Dogecoins. Other sites and businesses that accept dogecoins are eGifter and Iron Rail Diner, and a few places to indulge in Dogecoin gambling are Fortune Jack Casino, mBit Casino, bitStarz, and Crypto Wild online, to name just a few to play Dogecoin casino online games.
FAQ – Frequently Asked Questions
Generally speaking, online casinos usually offer potential members with a list of questions most likely to be asked as a new crypto player. Chances are you will come across the below questions which can be used as an informative guide when beginning to understand the inner workings of Bitcoin.
Q: What are cryptos?
A: These are the currencies used to make and withdraw earnings.
Q: What is a token?
A: This is a crypto money amount ultimately used to raise funds.
Q: What is ICO?
A: ICO (Initial Coin Offering) is a business which uses tokens as opposed to traditional money.
Q: Which is Better, Crypto Coins or a Token?
A: the two are different in functionality, so it really is up to the user to choose a preferred method of transacting financially. Players cannot buy coins with tokens, but they can buy tokens with the coin.
Q: What is blockchain technology?
A: Blockchain is the technology which is used to keep a digital record of each Bitcoin or crypto transaction which has been made online. It works as the system which powers Bitcoin.
Q: Is Bitcoin Trusted?
A: Yes, the crypto has been used by a vast majority of online users and is a trusted financial currency.
Q: What is BTC?
A: BTC is the abbreviation for Bitcoin
Bitcoin online casinos are most certainly on the rise, offering players top-rated casino games which are powered through blockchain technology. Modern online casinos have adopted Bitcoin as a form of deposit or withdrawal option, proving their authenticity and at the same time, attracting a new demographic of modern online players. Ultimately, BTC players are treated to a high profile gaming experience when opting to sign up with BTC online casinos.