Bitcoin Casinos Guide
The following approaches will be presented
- Bitcoin Casino Licensing
- Reputable Bitcoin Casinos
- Bitcoin Casino Games
- Bitcoin Progressive Jackpots
- Mobile Bitcoin Casinos
- and more
The advent of technologies has brought about the emergence of an astonishing number of web-based gambling providers, allowing players from across the world to engage in their favorite casino games, without having to leave the comfort of their homes. All it takes to start playing is a stable internet connection and registering at one of the many online casinos.
What is Bitcoin and how does it work? Bitcoin was first introduced in 2009, but its popularity increased several years later, in 2011. In more general terms, Bitcoin is a decentralized virtual currency. Bitcoins can be created in two ways, the first one is “mining”, a process where users offer their computing power and receive Bitcoins as a reward. The second option is to exchange standard money and other currencies for Bitcoins.
There are several advantages to using Bitcoin when playing at online casinos. First of all, there are no fees when you process deposits or withdrawals, using Bitcoin.
Another advantage of playing at Bitcoin casinos results from the decentralization of this digital currency. Bitcoin is not connected to a bank or a given government – very important if you are a player, residing in a country where online gambling is illegal. When using Bitcoin, the chances of having your winnings seized is equal to zero. Players can control their funds and preserve their anonymity at the same time as most casinos, using the digital currency only require the player’s email for verification and recovery purposes. There is no need to disclose sensitive personal or financial information to manage your casino funds.
We can distinguish between two types of Bitcoin casinos – those that accept only the digital currency, and those of the mixed type, where Bitcoins are converted into fiat currency to play with. When you process your withdrawals, the fiat currency is again converted into Bitcoins.
Casinos, using the Bitcoin currency, offer a wide range of games so there is something for each type of player. There’s the option to choose between a plethora of virtual slots, but if you are interested in more traditional games, Bitcoin casinos can offer you different blackjack, roulette, poker, and dice variations. It matters not what type of game you decide to go for, in all cases, you are guaranteed to enjoy yourself.