Real Life Applications Of Bitcoin – Bitcoin For Gambling
There are many Bitcoin casinos emerging and willing to offer new gambling options for players all over the world. While bitcoin casinos are comparatively new, they have already begun to disrupt the landscape of online casinos. The anonymity feature of Bitcoin makes it the most suitable currency for Gambling.
If you are not familiar with the regular usage of Bitcoin, you don’t have to worry much. Just like conventional currencies, Bitcoin should also be stored in a repository called wallets. You will have to take the help of these wallets to transact with various online Bitcoin casinos. These wallets are of different types. To understand more about these Hardware wallets, software wallets, and online wallets, you can refer to the previous articles on this website. A detailed explanation about these wallets is provided there. After choosing and setting up your wallet, you will have a Bitcoin address using which others can send BTC to you. After having the address, you will have to purchase Bitcoins from a merchant or any other Bitcoin holder. Since you are a beginner, it is preferable to make purchases from reputable Bitcoin exchanges like Coinbase, Kraken or Bitstamp. You can also use peer-to-peer services such as LocalBitcoins. Once you acquire your Bitcoins in your preferred wallet, you can spend them exactly like how you spend fiat currencies from any online wallets like PayPal. So all you have to do now is to choose an online casino that accepts Bitcoin.
Most important things to consider while picking a Bitcoin Casino
It is important to pick a casino that is regulated when you are looking for a good online casino. A good casino will have a license from strict regulators like the UK gambling commission. There are a lot of regulators out there who are not strict enough with the casino adherence to its rules. This is a disadvantage for the customers only as it leads to the customer getting exposed to unfair gambling practices. Some part of the rules that casinos have to follow is fair gaming. As a result of this, casinos are forced to use games from providers that offer provably fair games. The best credible UK casinos will also be members of ‘E-Commerce and Online Gaming Regulation and Assurance’ (eCOGRA) and other government bodies that support fair gaming.
Security should be the most essential factor you should consider when choosing an online Bitcoin casino. A secured casino will adhere to the state of the art security and ensures customer information is protected. This can be done in many ways. Customer information can be protected by using different encryption techniques or other advanced technology to make sure that customer’s information which was collected during account registration doesn’t leak.
Customer support, of course, matters a lot when it comes to the experience of a player from a Bitcoin gambling casino. Ideally, good casino sites should have a professional multilingual customer service team. The customer service team should be available on a 24/7 basis.
Bitcoin Casino Games
Bitcoin casino games do not differ much from other casino games. For example, when you visit UK casino sites, you will be exposed to many Bitcoin gambling sites that offer a collection of games that are almost similar to traditional casinos. You can find Slot games, Dice, live casino games along with the table games such as Poker, Baccarat, Roulette, etc.
Advantages Of Gambling Through Bitcoin Casinos
Anonymity – Bitcoin guarantees 100% anonymity for players. A Bitcoin casino will never ask for personal information when signing up an account.
Security – Bitcoin casino provides players at most security to their personal and financial information, unlike when using a credit or debit card.
Faster Transactions – Bitcoin transaction takes less than 10 minutes to clear which makes it an attractive currency for gambling. Whereas, any conventional wire transfers take mínimum of 3-5 business days to clear.
But since Bitcoin is extremely volatile, it is not a stable comparison to fiat currencies. The slumps in the prices of Bitcoin will have a direct effect on your bankroll.
Popular Bitcoin Casinos
Similar to the blockchain technology and the cryptocurrency market, the bitcoin casino market is always changing. This results in more options entering the market at any time and offers better services. Below are the best Bitcoin casinos and as we mentioned this is an ever growing and changing market so we would never know which Casino would be the best tomorrow. But as of today, these are the most credible Bitcoin Casinos along with their corresponding web addresses.
BitStarz – https://www.bitstarz.com/
BetChain – https://www.betchain.com/
CloudBet – https://www.cloudbet.com/en/
BitcoinCasion – https://www.bitcoincasino.us/
Fortune Jack – https://fortunejack.com/
mBit Casino – https://www.mbitcasino.com/
7Bit Casino – https://7bitcasino.com