Bitcoin casinos are the latest trend in the online gaming industry. Instead of traditional currencies, today you can use Bitcoin to play your favourite casino games in a safe and fair environment. As long as you play at reputable gaming venues you can rest assured that the games are provably fair and your funds are safe. If you are curious more about how Bitcoin casinos function and what the advantages of playing at them are, stay with us.
What Is Bitcoin and How to Use It?
Bitcoin or BTC is a cryptocurrency that emerged back in 2008. It is the most popular and widely used virtual currency that eliminates the middleman. There is no bank or any other financial institution between Bitcoin users which cuts fees and allows you to control your funds. Transactions with Bitcoin are fully transparent and secure thanks to codes enabling you to pay for different services and goods.
If you are new to Bitcoin, the way it functions may seem a bit overwhelming. First of all, there is no real cash you can hold in your hands. On the other hand, you can convert BTC into any other fiat currency and cash it out. There are several ways of obtaining Bitcoin including mining it using your computer, buying it or converting any traditional currency in it.
To make transactions with Bitcoin, including those to online casinos, you will need a crypto wallet. It is used to store your BTC and carry out transactions which are irreversible. That’s why you need to be extra cautious when using the virtual currency. On the other hand, your identity stays unrevealed as long as you use Bitcoin. Instead of your name and surname, you will use an address consisting of 30 or so characters. This is one of the key advantages when it comes to using Bitcoin for online gambling.
So, you will need to download, install and set up a crypto wallet first and then obtain Bitcoin. You can explore opportunities to mine it or you can simply purchase an amount of Bitcoin and start your BTC casino adventure.
Bitcoin Casinos Software and Game Selection
Although the identity of Bitcoin inventors still remains a secret, this cryptocurrency works in practice. Today we have dozens if not hundreds of BTC casinos we can join. They offer all sorts of casino games powered by some of the biggest names in the industry. You can choose from Bitcoin-only casinos and those accepting other currencies as well. Most of Bitcoin casinos run on a multiplatform powered by different software providers thus offering players multiple options to choose from. Some of them are Microgaming, NetEnt, Playtech, Play’n Go, Quickspin and more.
When it comes to the game selection, it varies from casino to casino. However, in all of them you can find a plethora of slot games, different table and card games, both virtual and operated by live dealers, and specialty games as well. When it comes to slot machines, you can choose from video slots equipped with various bonus features and classic slots which offer straightforward gameplay. A few software developers have come up with Bitcoin-themed title like Satoshi’s Secret by Endorphina. As for table and card games, players can choose from Blackjack, Roulette, Poker, Video Poker and Baccarat variants. They can be played at virtual and live tables depending on your preferences.
How to Choose a Bitcoin Casino?
Now, we come to the most important question. You don’t want to sign up with rogue gaming establishment that will compromise your sensitive data or won’t pay out your winnings. That’s why it is important to pay close attention to a few details prior to registering with a Bitcoin casino of your choice.
First of all, you should check out if the gaming venue is licensed by a trustworthy gaming authority. Even if you are a citizen of a country that hasn’t yet regulated its online gaming market, when playing on gambling sites holding a licence issued by a respectable gaming body such as the UK Gambling Commission or Malta Gaming Authority, you can rest assured that you will be treated fairly.
We have already mentioned that some casinos support only Bitcoin while others allow you to make transactions and wagers in other currencies as well. We prefer the latter as they offer more options to fund your account and withdraw from it. If you use BTC, your transactions will be processed instantly and without any additional fees. But, you should also check out what are timeframes and fees are for other payment methods as you may want to use them from time to time as well.
Of course, you should choose a gaming venue based on your playing style and preferences. Check out its game selection and software providers. Bonuses and promotions are another aspect you should check out to make the most of your stay at a casino. Look up for those gaming establishments that offer generous welcome bonuses and promotions under acceptable terms and conditions. No matter how attractive a bonus may seem, if you cannot turn it into real money, it’s not worth it.
Advantages of Playing at Bitcoin Casinos
One of the biggest advantages of playing at Bitcoin casinos is guaranteed privacy. This is particularly important to those players coming from the countries where online gaming is not legalised yet. Apart from that, with Bitcoin, you can transfer your money quickly and in a secure way with no extra fees to pay. However, keep in mind that BTC is a volatile currency and keep an eye on its price as it changes on a daily basis.