If you’re relatively new to online gambling, or have taken a hiatus for quite a while, then you may be suddenly noticing the term ‘Bitcoin’ appearing throughout the industry. Bitcoin is the most popular cryptocurrency used worldwide. Bitcoins are now being used as an alternate form of currency. People use them to pay bills, pay for goods and even make deposits into Bitcoin casinos. They can be earned through a process known as mining, traded as money or even earned through work which chooses to pay via Bitcoin rather than regular money.
Bitcoin has become such a popular payment method that many companies with online payment options have even included a ‘Bitcoin’ option for their customers. As far as online casinos go, there were originally casinos that introduced themselves as Bitcoin casinos and they only offered Bitcoin as the deposit option for those choosing to play at those casinos. Eventually, the rest of the online gaming industry caught on to the popularity of Bitcoin and now many of your popular online casinos have added Bitcoin to their list of payment options as well. Currently, there are over 100,000 online merchants accepting Bitcoin, which many of those including online gambling sites, such as casinos and even sportsbooks.
One of the reasons Bitcoin has become so popular with online casino players is due to the fact that it allows them to maintain their anonymity. There isn’t a lot of information needed to process deposits using this method. Whereas credit card payments, bank transfers and electronic checks require the player to enter quite a bit of personal and financial information about themselves; not everyone feels comfortable providing so much information over the Internet.
Bitcoin casinos and other online casinos that accept Bitcoin are known for offering those players the chance to enjoy special promotions and rewards, just as if they had made their deposit using other forms of currency for their deposits. In fact, some even offer special promotions specifically for Bitcoin depositors.
If you haven’t yet delved into the world of Bitcoin yet, you may want to get your feet wet. Know that your Bitcoin currency will be held in a digital wallet. It is up to you to decide whether you want it to be held on your own computer or at a website that makes it their mission to host Bitcoin wallets for clients. You can have as many wallets as you wish, since the information remains anonymous.
When you are playing at an online casino that doesn’t accept Bitcoin, then you can still have a great time, win money, enjoy promotions and play your favorite games. However, there will also be a few things you should consider that you may have to deal with that you would rather not. Therefore, it’s important to learn what some of the positive aspects of playing at a Bitcoin casino are; so, you can make an informed decision that’s right for you. Here are some of the reasons you may want to switch to a Bitcoin casino:
When you join an online casino and choose to make deposits using more traditional payment methods, such as credit cards, bank accounts or electronic checks, you will be expected to enter quite a bit of information about yourself. Although trustworthy online casinos have a lot of security measures put in place to protect your information, such as SSL data encryption and other security measures. When you play at a Bitcoin casino, you only need to enter an email address, which allows you to remain as anonymous as possible.
You can join a casino that is strictly for Bitcoin players, or you can join an online casino that also accepts Bitcoin for payment. You may even find that the casino you have been playing on while making deposits and withdrawals using another method has now started offering Bitcoin. The growth of Bitcoin has made it so you won’t have to give up playing your favorite games or those special offers you have become accustomed to enjoying on the other online casinos. In fact, some of the casinos that offer Bitcoin will run special promotions just for Bitcoin players.
If you are a diehard fan of Bitcoin, then you can join a casino just for Bitcoin players. This way, you will be able to enjoy playing in an environment that was hand tailored just for you and players like you. You won’t have to look through a lot of content to find content that’s Bitcoin related, because it will all be aimed at this type of gaming. When it comes to Bitcoin casinos, you can expect to see more growth and opportunities as it continues to catch on and gain popularity.
In the first days of Bitcoin casinos, they were what many would consider to be quite limited on their offerings and the graphics also left much to be desired. However, just as how much of technology changes very quickly, so did this. Now, Bitcoin casinos can be found in all shapes and sizes. They can be found as Bitcoin designated casinos and as popular online casinos that accept many different types of currencies, with Bitcoin being just one of them.
You may be asking yourself what the benefit is to playing at a Bitcoin casino or at a casino that offers Bitcoin as one of its many currencies. Here are some of the many benefits you will get to enjoy when you choose to play at Bitcoin casinos:
You can forego deposit and/or withdrawal fees – Many of the online casinos will require fees for using certain deposit methods. When you make your transactions using Bitcoin, you won’t be charged these fees and that means more money in your pocket. In some cases, the amount of money you save by foregoing these fees can be significant and that is more money you have to put toward more games. In some cases, that saved money also means better promotions.
Another benefit of playing at a Bitcoin casino is the anonymity you are awarded. If you are a casino player who doesn’t appreciate needing to fill out long forms, or you don’t feel secure about putting all of that personal and financial information online, then Bitcoin is the perfect answer. It allows you to make transactions anonymously and it prevents your gaming to appear on a joint credit report.
While players who play from a regulated market may not care so much about this aspect, those who do will appreciate the fact that Bitcoins are a completely decentralized form of currency, lacking all ties to a government or off-shore regulatory bank. What this means for those players is that the Bitcoin casino transactions will not be subject to being seized or frozen for any reason, which does unfortunately happen quite often to online casino players in unregulated markets.
Bitcoin is a free and completely independent form of currency that’s continuing to gain in popularity with each day that passes. Many of the popular casinos have already made the smart decision to include it in their list of payment options and many more will be in the future. So, if you like the idea of no fees, anonymity, no government prying and convenience, then you should consider playing at one of the Bitcoin casinos.
When Bitcoin casinos first started to make their appearance on the Internet, they had less than stellar graphics and limited players to a few games, such as dice. However, now that technology has caught up to Bitcoins, as happens with everything, players are now able to enjoy a wide variety of online casino games even though they choose to make their deposits using Bitcoin. Here are some of the most popular types of online casino games that players will be able to choose from when they turn to Bitcoin casinos:
Dice: Dice is still a popular game many Bitcoin players like to spend much of their time on. These games are designed to have a lot of elements to them that make them great for players who want to play the same game for a length of time without getting bored.
Slots: It should come as no surprise to learn that slots are also amongst the group of most popular games for Bitcoin players. Slots make a hit in every venue they are offered in.
Card games: Bitcoin casino players also seem to enjoy a variety of card games. Some of the more popular ones tend to be Casino Holdem, Blackjack and Caribbean Stud.
Lottery games: Lottery games also seem to be big hits at casinos where Bitcoin is accepted. These games can differ in type, depending on the casino the player has chosen to spend their time on, but they tend to all get a fair amount of attention from the players.
Craps: A lot of Bitcoin casino players also enjoy a good game of craps. This is why many of the casinos make a point to offer it.
When it comes to finding the right Bitcoin casino to play at, you can use online casino reviews as a fast way to narrow down your search. These reviews will introduce you to what different casinos offer, such as games, promotions, etc. Once you have narrowed your search down using this method, then you should go to each casino yourself and have a look around. This way, you know each one is getting a fair chance and you end up on one that has an all-around great gaming environment, plus all of your favorite online casino games that you look forward to logging on for.
If you are new to Bitcoin online casinos then you undoubtedly have some questions about them. Luckily, you have this helpful FAQ’s article you can refer to in order to get answers to some of the more commonly asked questions about them.
When it comes to buying bitcoins, there are a couple options to choose from. One way you can buy them is to use online exchanges. Another way for you to buy them is to do so directly from people that are selling them. Whichever method you choose, make sure you are careful and go with a trusted source only, so you don’t get scammed.
Bitcoin online gambling is legal anywhere where other currency online gambling is legal. It is treated in the same way as other currencies, since it is still considered a form of payment.
When you play at a Bitcoin casino, you don’t need to provide any personal information. Also, no financial information is needed to participate at them. Instead, you will take care of your transactions with the use of your email address.
No, once you choose Bitcoin as your payment method there will be no reason for you to show proof of either a credit card or a bank account.
While Bitcoin has proved to be a convenient and secure choice of currency thus far, there is always some risk involved. One issue is the fact that Bitcoin is not currently regulated. Another risk is due to the fact that it is an anonymous form of currency and this leaves it open to the possibility of it being susceptible to manipulation.
There are a good number of Bitcoin casinos that offer promotions and rewards to their Bitcoin players and those rewards also come in the form of Bitcoin credits. It’s up to each casino to set the rules and reasons for their own promotions, so you’ll want to pay attention to the promotions sections of each casino to learn more about what they offer to their Bitcoin players. Some of these promotions can be quite generous, while others can be a bit more on the conservative side.