Bitcoin Online Casino – Everything You Need to Know
If you’re a casino player, you surely heard about the Bitcoin online casinos. If you’re not sure what Bitcoin is all about or how a bitcoin casino works, you’re in the right place. We’re going to take you on a journey in the bitcoin online casino world and tell you how they work. You will also find out what differentiates Bitcoin casinos from the rest of the bunch.
So, it doesn’t matter if you want to try those casinos out or you’re familiar with it already. You can also be looking for some of the best bitcoin casinos, and we’re here for you! This is your chance to get all the info on the subject, so stay tuned.
What is Bitcoin?
We promised you that we’re going to make this an exhaustive guide on how Bitcoin online casinos work. And we can’t do that without first taking a closer look at Bitcoin itself! We want to make sure everyone understands what it is and how it works.
Bitcoin is a cryptocurrency, also referred to as a virtual or digital currency, is an alternative to the currencies used by the governments. You can think of it as an online version of cash, as you can use it to buy services and products. You can also trade it online, which sets it apart from other currencies.
Satoshi Nakamoto first invented Bitcoin in 2009, and he immediately became a renowned figure in the finance world. To this day, it remains unclear whether this is a real person or a group using this name to protect their identity. The source code of Bitcoin appeared as open-source software and that allows people around the world to mine for more Bitcoin. The mining process is all about solving complicated mathematical equations to find the solution and generate a new Bitcoin block.
What is a Bitcoin Casino?
Now that you have a rough idea of what Bitcoin is and how this cryptocurrency works, it’s time to move to the next level. Let’s take a look at what bitcoin casinos are and how they work. You might have guessed already that a bitcoin casino is basically a regular online casino – with a small twist to it.
Those casinos also accept payments in Bitcoin and other popular cryptocurrencies. So, with no other differences between a standard casino and a bitcoin online casino, it’s clear those gambling venues have a major advantage over regular casinos.
You just get to enjoy the same games, the same platforms and the systems you are already familiar with. However, you get additional ways to fund your account and to cash out. But we’ll give you more details about this in the following sections.
Bitcoin Online Casino Bonuses
To make sure you’re getting the best bonuses, you need to read the bitcoin casino reviews that we prepared for you. Since there are no fees involved when using Bitcoin, the casinos are able to deliver bigger bonuses than traditional casinos.
Also, since one Bitcoin has a very high value, the limits of the bonuses are also higher compared to a standard online casino. In other words, you get to enjoy your favourite online slots and table games with a bigger balance and bigger chances to win.
Deposits and Withdrawals at Bitcoin Online Casinos
Even if you don’t own Bitcoin but you want to experience the flawless services of Bitcoin online casinos, there’s a way for you to do that. Most casinos partner with an exchange that allows you to transform your traditional currency to Bitcoin so that you can begin your journey. The transfer is instantaneous, which means you can also deposit casino to the casino account straight away. As we previously mentioned, there are no fees involved so you get to enjoy everything you deposit.
When talking about requesting a withdrawal from Bitcoin online casinos, things are just as easy. Compared to traditional online casinos, there is no need for a KYC procedure. That is the whole point of Bitcoin transactions: anonymity. You can get your winnings back instantly, which tops even the fastest payment options for traditional casinos.
Furthermore, if you’re lucky, the price of Bitcoin might spike between your deposit day and when you request a withdrawal. So besides winning on your favourite casino games, you can also get a nice boost from the value increase. So, it’s a win-win situation for you. One that could not occur in a traditional online casino!
Discover the Amazing World Of Bitcoin Online Casinos
Now that you have the information needed to enjoy Bitcoin casinos, all that’s left to do is explore our reviews. Find a venue that meets your requirements and start winning big by playing online casino games with Bitcoin.