Bitcoin Casinos are everywhere these days and in this well-developed guide we will be providing you with all the top information there is to know about them.
With Bitcoin Casinos on the rise and the majority of gamers in the industry playing on them, it comes as no surprise to see our readers frequently ask questions about them and because of this we thought it would be helpful for us to put together this guide that will certainly give you all the relevant information you need to know in order to make you a true expert.
During this guide you can expect to come across information regarding what Bitcoin casinos offer, what makes them different, top bonuses and so much more so be sure to read on.
What are Bitcoins?
Bitcoins are a cryptocurrency/virtual money that has a value which is simply dictated by supply & demand unconnected to any government or country. A maximum of 21 million bitcoins can be available at one time and once they are held, they can then be sold or bought on bitcoin exchanges.
The actual domain name ‘bitcoin.org’ was registered in August 2008 and by 2009 many people were choosing to use them on various types of transactions. It was in 2011 when Bitcoin really started to take off and with hundreds of online sites accepting them, the rise was real which meant more people began taking interest in them.
Bitcoin is basically an online version of cash and this is great for those who want to purchase products and services online however not many shops accept Bitcoin at the moment and some countries have actually banned the use of it.
What is a Bitcoin Casino?
A Bitcoin Casino is an online casino that accepts bitcoin as a payment method and I’m sure you will be glad to find out that the majority of top casinos that we recommend here on Casinosites.bet are Bitcoin casinos.
Bitcoin Casinos will allow players to deposit and withdraw their funds via Bitcoin and I am pleased to say that finding Bitcoin Casinos is not hard at all as they are pretty much everywhere! With millions of online casino players all around the world using Bitcoin, casino developers need to ensure that they accept it as a payment method in order to cater for as many punters as they possibly can.
You may be surprised to find out that there are Bitcoin only casinos which are online casinos that only deal with Bitcoin, meaning that Bitcoin is the only payment method that can be used on the casino. Due to the fact that we want our readers to have the best time when playing on a Bitcoin Casino we have decided to recommend only the best Bitcoin accepting Casinos here on Casinosites.bet so be sure to have a browse.
How to get Bitcoin
There is no denying the fact that Bitcoins are highly sought after and because of this so many people are curious to find out how exactly they can get their hands on them. We suggest our readers to find a reputable place to buy Bitcoins and with this being said, the most obvious choice would be an established exchange service such as Kraken or Bitstamp.
The most popular way to pay for Bitcoins would be via bank transfer however some services offer their buyers the chance to complete purchase by other methods of payment like credit cards or e-wallets.
Once you have chosen where you want to buy you Bitcoin from and decided on the payment method you want to use, you will be ready to purchase your Bitcoins. The trades usually happen instantly and they are of current market rates. The exchange will usually take a small commission fee so be aware of this and read the T&C’s before proceeding with the transaction.
How can I cash out my winnings?
If you have won money on a Bitcoin Casino then you will at some point want to cash out and this is actually a simple, easy and quick process. What you will need to do is send your coins through to the exchange service’s address and then sell them your bitcoins whilst requesting a bank transfer or another withdrawal method of your choice. On the other hand, if you would like to keep hold of your Bitcoins then we suggest you to download a free bitcoin wallet which will allow you to store your Bitcoins in. Be sure to protect your Bitcoin wallet with a secure password.
Perks of playing with Bitcoins
Bitcoin Casinos have taken the online gaming industry by storm and there are many reasons for this. One of the main reasons why Bitcoin Casinos are adored is because they have dozens of top perks that make them stand out and offer players a great overall experience.
One of the best perks about playing with Bitcoin is the safety. You can feel completely safe as the finest encryption has been used to protect their players. Due to the fact that the Bitcoins have already been purchased, players are not at risk of having their payment details hacked. In addition to this, when playing with Bitcoins there are 0 processing fees which means both the casino and the players can save money.
Another top benefit when it comes to Bitcoin is that Bitcoin is not actually tied to any bank or government which means that your funds cannot be frozen or seized in the same wat they could if they were held in a bank that uses traditional currency.
Bitcoin clearly know just how important anonymity is when it comes to online gambling and because of this the majority of Bitcoin Casinos will only require players to enter the email address and a password for recovery reasons. Most of the casinos that accept Bitcoin will not ask you for personal information such as your address and full name.
Games on Bitcoin Casinos
Bitcoin Casinos are renowned for the great amount of games they have to offer to their players and this is of course a great advantage. Some of the most common types of casino games that you are bound to come across when playing on Bitcoin Casinos include slots, table games, blackjack and roulette.
The Bitcoin Casinos that we recommend to our readers here on Casinosites.bet are well-known for having some top games that will provide you with hours of fun so make sure you try your luck on them.