With the predominance of the digital era, cryptocurrency has emerged, a very secure and armored virtual payment method, which allows players to place their bets using this method, if the casino admits it.
It is a currency that is in vogue, thanks to the benefits and advantages offered to those who use it. For this reason, online casinos that accept it as a payment method are increasing dramatically. Below are some details on how to make use of this currency in the different online casinos available.
What are Bitcoin casinos?
This is the denomination received by casinos that receive the Bitcoin currency (BTC) as a payment method. It differs from other currencies traditionally known as the pound sterling, the US dollar or the euro, because it is not governed by the guidelines of a central bank, but by operations in the free market, from equal to equal.
This currency can only be transferred from one user to another, through blockchain calls, which are no more than alphanumeric codes between 27 and 34 characters. Some casinos only accept Bitcoins as a means of payment. However, others who previously received payments with traditional currencies have now added Bitcoin as another alternative to pay the bets. They are called hybrid casinos.
The way they handle the transaction is accepting deposits through Bitcoins, processing the withdrawal to the Bitcoin address indicated by the customer, and converting the money to a traditional currency of convenience.
How to get Bitcoins?
The traditional thing is to buy the currency through places of trust. The simplest would be to use a reliable exchange service such as BTC-e, Kraken or Bitstamp. Another very frequent way is through bank transfers. However, there are other systems such as regional payment vouchers, credit cards or electronic wallets.
Once the place of the transaction and the method of payment is established, the currency is purchased. These transactions are effective immediately and based on current exchange rates. The operation will generate a minimum commission, almost negligible, compared to those managed at the level of electronic purses.
How to deposit in your casino account?
At the time of registering at bitcoin bookmakers, you need to provide the Bitcoin address to which the deposit should be made. Its materialization will be done almost instantaneously and almost free. Confirmation of the operation by the blockchain is expected (which takes less than an hour) and, once the money is available, you can start playing.
As with traditional currencies, online casinos offer promotions in this type of currency that should not be missed, as they can increase the chances of winning.
How to withdraw your earnings?
To withdraw the winnings through Bitcoin, the user is only required to send the coins to his exchange service address. You must sell your Bitcoins and make a request for a bank transfer or some other form of withdrawal.
If you want to keep Bitcoins, it is advisable to have your own Bitcoin wallet, which will remain protected with a password. The important thing to keep in mind is that the price at which this currency is quoted in the market oscillates frequently.
What are the advantages of playing with Bitcoins?
There are many benefits of doing so. One of them is that it is a totally easy, reliable and free payment method. When playing with this currency, neither the casinos nor the player must deal with processing fees that allow them to save money.
Because Bitcoin is not regulated or has any type of links with any bank or government, the money that is handled by this means cannot be seized, confiscated or blocked, as can be the case with a traditional regular currency account.
Many Bitcoin casinos only ask the player for an email address, so they can retrieve their password, without requesting personal information such as address or full name. Therefore, the possibility of remaining anonymous is also a great advantage.
Games in Bitcoin casinos
In this particular aspect, Bitcoin casinos are nothing different from conventional casinos. Mereka juga menawarkan taruhan olahraga juga. For information, if you are interested in sports betting with Bitcoin, you can visit Stakehunters for the latest tips.
Whether the user enjoys a good table game or spending time in the slots, this kind of casino offers a huge variety of games. In this kind of casinos it is common to find the so-called “fair” games available, which are those that have a novel way of establishing fair play.
Although each game calculates and demonstrates the result just differently, these types of games are becoming more and more sympathetic. Users can verify that a game is demonstrably correct, when the identification number of the bet is entered and additional information will depend on each particular casino.