Top online casinos that offer both deposits and withdrawals using Bitcoin. The number of casino players who choose to fund their account using Bitcoins are given many incentives to do so. This payment method is growing steady and becoming a favorite and for good reasons. The number one reason why players and casinos are switching to Bitcoins is because they can make faster and safer payments over the internet; free of any charges. It’s really simple to use and we will show you exactly what you need to know.
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How Bitcoin Works
Firstly, Bitcoin is a very safe and convenient online payment method. Digital was publicly circulated for the first time in 2009, thus becoming the first decentralized digital currency. The fact that it is decentralized implies that there is no regulatory authority that oversees and governs the use of Bitcoin, which is why it is such a volatile currency.
Bitcoin enables its users to make online payments anonymously, without having to provide any personal information or financial details. Bitcoin uses blockchain, a distributed database which records transactions between two parties and it guarantees that the transactions will be recorded, secured and that the data won’t be altered in any way.
The Bitcoin has three subunits, millibitcoin, microbitcoin or bit, and satoshi which is the smallest. Bitcoins can be purchased through a Bitcoin exchange and the purchased Bitcoins are stored in a Bitcoin wallet. Once you have purchased Bitcoins, you can use them at any site that accepts Bitcoins, and that includes a lot of online casino websites.
How Online Bitcoin Casinos Work
Online Bitcoin casinos are generally no different than standard online casinos. They feature same types of games, such as slots, table and card games like Blackjack, Roulette, Baccarat and many more, as well as video poker games, specialty games like keno and scratch cards and even live casino games, where players are faced against real dealers and can enjoy an authentic casino atmosphere without leaving their homes.
Most Bitcoin internet casinos support mobile devices, and players can play their favorite casino games on their smartphones and tablets. Players are able to make Bitcoin payments to and from their online casino accounts through their mobile devices.
Advantages of Bitcoin Online Casinos
Using Bitcoins to play online casino games has more than one advantage. Firstly, Bitcoin deposits are processed instantly and, more importantly, Bitcoin withdrawals are usually processed much faster compared to withdrawals via other methods like credit cards or e-Wallets. The anonymity of Bitcoin transactions allows casinos that accept Bitcoin payments to require fewer details from players who are playing with Bitcoins. In fact, at some Bitcoin online casinos you may not have to jump thru hoops to confirm your identity, like a credit card withdrawal could.
Furthermore, certain online casinos offer extra incentives for players who play with Bitcoins. In most cases, casino operators won’t charge any fees on Bitcoin transactions, even if deposits are charged on other payment methods. Moreover, certain online casinos offer Bitcoin bonuses. Often, the Welcome Bonus is more rewarding if you’re making your first deposit in Bitcoin. Also, there might be special Bitcoin bonuses, available only if you’re depositing Bitcoins.
American Bingo Players Accepted Online
Since Bitcoin is not considered legal tender in the US, US citizens can play casino games with Bitcoins without breaking any laws, even if their state has a strict online casino bill. That makes Bitcoin the perfect payment options for Americans. You can enjoy playing your favorite casino games without any hassle or worries over the legal status of your actions.
The value of Bitcoin has grown significantly over the course of few years and its use is broader than before. We can expect an increase in the number of casinos that offer Bitcoin as a payment method, which means that casino players will have more options at their disposal.