Bitcoin has made a lot of headlines recently thanks to its surge in price and companies like Tesla and JP Morgan getting involved. Frist created in 2009, Bitcoin was the first-ever cryptocurrency and has spawned an entire subclass of investments with many people now investing in these highly volatile coins including Ethereum, Bitcoin Cash, and Cardano. Aside from offering a way for traders to potentially make a lot of money, they can be used for a variety of functions including sending money safely and securely online.
Cryptocurrencies facilitate easy online payments and as such, they’re starting to become much more popular for fans of online gambling. Lots of online casinos have started to accept payments in Bitcoin and other cryptocurrencies, simplifying the deposit and withdrawal process as well as offering more security.
If you prefer to use traditional currency there are a lot of options. However, our suggestion is to choose a well-known online casino with fast payouts and fair terms.
Some of the advantages of gambling with Bitcoin include:
Compared to using a debit or credit card, payments made using Bitcoin are much safer. To pay with a cryptocurrency, all you need to do is copy the wallet address that the casino gives you then go to your personal wallet and paste the address and enter the amount you want to transfer. This is much safer than other methods as you don’t need to actually enter your payment details into the site. Provided you don’t reveal your private wallet keys to anyone, you don’t need to worry about your funds falling into the wrong hands.
A lot of cryptocurrencies offer payments that only take a few minutes or less to complete. In some cases, Bitcoin transactions can take a while to be confirmed, but it should prevent you from receiving funds in your account quickly. When it comes to deposits or withdrawals, you can usually rely on Bitcoin to be faster than other methods. In any case, many online casinos will have a processing time of a least 24 hours on most withdrawals and some sites may require that you verify your ID first.
Many online casinos that accept payments made using Bitcoin will offer additional bonuses for this type of payment. Most sites offer some kind of bonus, but by depositing using Bitcoin, you can potentially gain even more funds when you first start playing. This is obviously an excellent deal and it’s always worth claiming if you see this on offer. Just make sure you read through all of the terms and conditions before you claim the bonus.
Cryptocurrencies like Bitcoin aren’t untraceable as some people think but they do offer greater anonymity compared to traditional payment methods. Your Bitcoin address isn’t linked to your identity and you don’t have to provide a full name and address to use the service. This is a big advantage for people who prefer to stay anonymous when gambling online and is particularly useful in areas where gambling online isn’t strictly legal.
Online casino games determine the outcome of a dice roll or spin of the wheel by using a random number generator. While these games are verified as safe and trustworthy by gambling authorities and independent testers, many players still find it hard to trust them. Bitcoin casinos offer a solution in the provably fair system. This offers games built on the blockchain where players can verify the randomness of the game and see all past results. With provably fair games, players can see that the game is fair to play and that they have a chance of winning