Since the time Bitcoin was launched in 2008 by a person or a group of individuals, although their names and identity are still shrouded in mystery, the cryptocurrency has taken the world by storm. This digital currency works without the intervention of any central bank and can be transacted between users on the peer-to-peer network without third-party intermediaries. Because of its unique security features and anonymity in transactions, it is now an accepted mode of payment across sectors and industries.
Therefore, it is not surprising that Bitcoin is a much-preferred option in the world of online casino games as a dealing currency. Those who play these games have several benefits going for them over traditional fiat currency.
Here are the advantages of dealing with top bitcoin casinos while playing online casino games.
- There are many countries in the world where online gambling is illegal. Hence the usual debit and credit cards will not be accepted by banks and other financial institutions. Transactions in Bitcoin that cannot be traced are beneficial in these cases.
- Bitcoins maintains the confidentiality of personal data and information of users from third-party payment gateways and service providers.
- Transaction processing for deposits and withdrawals is fast with Bitcoins.
These aspects make Bitcoin casino games a popular choice in the online casino games industry today.
Facts About Bitcoin Casino
While it may be fun to play Bitcoin casino games from the comfort of your house, here are some facts that you should be aware of.
- Legality : Since online casino gambling is legal in most countries worldwide, Bitcoin online casino games are legal, too, and there is no way that it can be termed illegal. The only difference with traditional online casinos is the transaction gateway, i.e., fiat currency and debit/credit cards or Bitcoins.
- Plentiful Games : There are numerous games to keep you entertained, and you can easily select one that catches your fancy, including Blackjack, Poker, Dice, Roulette, Bingo, etc.
- Speed of Transactions: Bitcoin, by its very digitized nature, ensures lightning-fast deposits and withdrawals. You do not have to wait for confirmation from your paying bank, where checking your available limit and credentials can take a lot of time. When you are on a winning spree, you can withdraw your profits much faster in a Bitcoin online casino. While it takes about 3 to 7 business days to process credit cards, the maximum it takes in the Bitcoin ecosystem is about 12 hours.
- Round the Clock Access: You might want to gamble any time you want outside your banking hours too. Waiting to undertake financial transactions while your bank approves the same within their business hours might be a tad bit frustrating. In online Bitcoin casinos, it is business as usual round the clock and round the year. You will not have any link with the general fiat currency processes.
- Anonymity: Why should the world know if you are gambling online. Your transactions are like an open book with credit cards, easily accessible to gateways like your bank. There have been instances where credit reporting agencies have downgraded the credit scores of people for gambling. But with Bitcoins, you create separate accounts, and nobody will be the wiser about your activities. Additionally, your financial information is fully secured from theft and hacking when you play online with Bitcoins.
How to Play Online Bitcoin Casino Games
While playing online casino games is an exciting experience, specifically on a mobile app, there are certain steps you have to follow to deposit the cryptocurrency in your casino account. Here is how you do it.
- You have to select the Bitcoin wallet of your choice and register it. This is done by going to the Bitcoin.org site to download the free client, where you will be storing all your Bitcoins.
- To fund the wallet, you can either mine Bitcoins, an expensive proposition, or buy the crypto from traders. The method of doing so can be found on any Bitcoin website.
- After you have obtained Bitcoins, you have to deposit them in the online casino account. Open an online game account and visit the Cashier section of the website. Choose Bitcoin as your deposit mode, and you will get a unique web address for the opened account. Go to the Bitcoin wallet that you have created and enter the address in the space for sending Bitcoins. Enter the amount you want to fund the wallet and confirm the transaction. Within a few minutes, the fund will be available to you.
You can start playing immediately – it’s that easy.
Payment Method to Use in Online Bitcoin Casinos
Withdrawing funds in Bitcoins is a fairly simple process too. First, visit the Cashier section of the online casino site, select Withdrawal, choose Bitcoin as the mode of payment, and enter the amount to be transferred from the account. Go to the Bitcoin wallet and copy the address you have been given. Double-check that all the steps meet the requirements of the casino. Click on the Withdraw button, and the casino will process your request in a few hours only.
The advantages here are many. Not only is the transaction completed quickly, but there are no transaction fees too.
Free Bitcoin Casino Games to Play
Here are a few suggestions of the best casino games to play currently trending in 2020.
Virtual Soccer, Spinning Lights, Taboo, Book of Dead, Battle Royal, Blackjack, Darts 180, Cash Camel, London Hunter, Siren’s Kingdom, and many more. You will be spoilt for choice when it comes to free Bitcoin casino games to play.
While visiting Bitcoin online gambling websites, ensure that they are compatible with your mobile device and user-friendly. Check the various games listed and identify your favorite ones. Finally, read the testimonials to know if these offer a gambling-friendly environment.