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Bitcoin is essentially a decentralized virtual currency, meaning it neither exists in the physical world like real cash, nor does it have a central bank such as the Federal Reserve.
It is used by more than , people and businesses all over the world, trading in thousands of dollars every day without a middleman or credit card company involved.
Among these businesses are now dozens of Bitcoin online casinos, each offering a unique portfolio of betting games like roulette and online slots to crypto-currency customers.
Satoshi Nakamoto releases a paper titled Bitcoin: The bitcoin network comes into existence with the release of the first Bitcoin open source client and the issue of the first bitcoins.
An estimated , merchants are accepting bitcoin. Barclays becomes first high street bank to accept the currency.
Bitcoin splits into two derivative currencies: Even the most uninitiated can acquire BTCs and begin playing at a top bitcoin casino online within minutes by following our step-by-step instructions.
Whether you are an Apple, Android, Samsung, Windows, or Blackberry smartphone or tablet user, most bitcoin casinos offer mobile versions of their games, designed specifically for you.
There are a few bitcoin casino apps out there, but downloading and beginning play on an app is also super quick and easy.
Aside from a slightly more limited selection of games, your experience playing for real bitcoins on mobile is going to be exactly the same as if you were playing on your computer.
One advantage of a bitcoin casino over conventional gambling sites is that the house edge is considerably lower — often around 1.
Many sites have 'provably fair' games, meaning because transparent algorithms power the betting on online casino bitcoin sites, there is no way for the website to pick numbers to make players lose.
This applies even to live casino games, too. Here are just a few more advantages of using bitcoin to gamble online. Gambling communities and sites like Casino.
We inspect every online casino to ensure that the bitcoin casinos we recommend are the best. We do this by following a number of criteria and only presenting you with the casinos that rate highly in all of the following areas:.
Safety and Security - Each of these top casinos uses the highest levels of encryption and the newest and most developed online security protocols to protect your personal data and your money.
Banking Options - In addition to the security of your personal data, we always ensure that your money travels securely to and from the casino and that there's a variety of different methods to fit any preference and budget.
When it comes to the matter of online casino payments performed via Bitcoin as the blockchain-based payment method, using nothing but the cryptocurrency itself, there are a few basic steps to improve player performance.
All players need to do is learn how to deposit and withdraw using the following guidelines, and make use of all the benefits of this cryptocurrency.
First of all, players need to choose a Bitcoin e-wallet service that will best fit their storage and transaction needs. Nowadays, the range of options includes web-based e-wallets that store the currency on their servers or a downloadable app client that allows players to keep their bitcoins offline, on the chosen platform.
Considering the increased functionality of mobile device OSs, the same options are accessible across PCs, smartphones and tablets , although players can further choose to keep their e-wallet address and corresponding key on a paper copy or a removable hard disk.
Once players have chosen the suitable storage solution, they need to obtain this currency. For this purpose, they can choose to mine the bitcoins themselves via corresponding software programs, purchase them from existing owners or simply get the cryptocurrency from the relevant exchange platforms using fiat currencies.
With the necessary Bitcoin bankroll for your online casino exploits, all it takes is to find the suitable Bitcoin casino that fits your needs.
Like the ones listed on this page, it is best to choose from renowned and reputable gambling services that offer industry standard game selection, security and customer support options among the rest.
Go to the Cashier page on your chosen online casino platform and choose Bitcoin as your payment method. In this regard, it is important to mention that some online casinos are Bitcoin-exclusive and focus solely on the payment method in question, while there are also hybrid operators offering their player pool a range of fiat currency payment options aside from the cryptocurrency.
Upon selecting Bitcoin as a payment method, players should input their e-wallet address in the appropriate box, the amount they wish to transfer to their player account and the authentication key to confirm the transaction.
Due to the fact that Bitcoin transactions are free from any central authority, their processing time is practically instantaneous when it comes to deposits.
Bitcoin withdrawals start off much like deposits, at the Cashier section of the online casino platform. Players who wish to cash out their winnings using this payment method can do so by selecting it from the potential options provided.
Input the relevant e-wallet address where you wish to store the bitcoins won at your chosen casino platform. Bitcoin, which is an online-based currency, affords you the ability to gamble just as you would with other currencies such as the USD or Euro, however the difference lies within how the currency functions and how you make use of it.
Bitcoin was first introduced to the online casino world in , but it has taken a few years for it to really catch on.
Now, you will find that most reputable online casinos are beginning to facilitate both withdrawals and deposits via bitcoins.
Now that you know bitcoin deposits and withdrawals are a reality, you might want to know a bit more about how they function, how you can utilize them, and why they are preferred over traditional banking methods.
Before you can ever execute a bitcoin deposit, you must first setup an online bitcoin wallet. There are hundreds of different sites where you can acquire a bitcoin wallet and almost all of them are free.
Once you have established a bitcoin wallet, the next most logical thing for you to do is to purchase bitcoins. While you can go out on the open market and search for the best deal, the wallet which you are using will more than likely be able to facilitate a purchase of bitcoins.
The process of buying bitcoins is similar to buying consumer goods online in that you need to provide some basic financial information such as name, credit card number, and a physical address.
To think of it more realistically, however, you are not buying bitcoins as much as you are exchanging US Dollars for another currency, this one being strictly digital.
So now that you have your bitcoin wallet and it is loaded with bitcoins, the next step is to take those bitcoins and load them to your online casino player account.