Online Casinos are currently dominating, with more and more people flocking to this online form of entertainment. With the rise of popularity, online casinos are pressured to produce a range of different currencies to play in, of which one of the most popular happens to be the cryptocurrency Bitcoin.
Bitcoin Casinos work the same way as any other regular online casino, the only difference is that this casino allows you to deposit or withdraw with Bitcoin instead of the regular payment methods. Some casinos simply add Bitcoin to their range of accepted payment methods. Then there are Bitcoin-only online casinos that only approve transactions completed with Bitcoin.
While online casinos are the frontrunners for accepting Bitcoins, there are also other gambling forms that have started accepting Bitcoin payments. These include big gambling entertainment forms like Online Poker, Online Lottery and Sports Betting.
Players now have more variety to choose from when it comes to online gambling. The most popular still remains online slots and table games as these often come with a higher payout ratio. Bitcoin Casinos are popular for having lower betting requirements and providing a lower house edge.
Before you start playing at a Bitcoin Casino, you need to have Bitcoins to use in your account.
Your first step is to get a Bitcoin wallet. Luckily these are free of charge and very easy to get online. You can download them to your device or you can make use of them directly from your browser. The next step is to buy Bitcoins.
There are many ways to get your hands on Bitcoins. You can visit the Bitcoin exchange where you get to buy Bitcoins with regular currency, or you can buy Bitcoins from someone who already has them. Generally, this route is a lot cheaper than buying them from an exchange, but you have to be careful and check the credibility of the seller.
There is also a peer-to-peer marketplace option where you can sometimes trade goods and services for Bitcoins instead of actually making a payment for them. The other option is to become a Bitcoin ‘miner’ which is quite popular among Bitcoin users.
The only way to do this is by processing Bitcoin transactions which can get you as much as 25 Bitcoins per. The downside is that you need specialised hardware to be a Bitcoin ‘miner’.
Each time you acquire Bitcoins, they will be deposited straight into your digital wallet.
There are three major benefits you gain from playing at a Bitcoin Casino. Payment processing comes free of charge, meaning neither you nor the casino has to pay an additional fee on deposits or withdrawals via Bitcoin.
Bitcoins are free from ties and aren’t associated with banks or governments in any way. This basically means that your funds cannot be seized like traditional money can. You have complete control over your funds which also makes it even safer to transact with.
The biggest benefit of playing at a Bitcoin Casino is the level of anonymity. Many aren’t too concerned about revealing their identity but some players have a fear of being frowned upon for their gambling habits.
For these players, Bitcoin is ideal as it comes with complete anonymity. Playing at a Bitcoin Casino only requires you to provide your email address. Thus, you are under no obligation to give out personal information that includes details such as your name and address.
Before you can start playing there are a few steps you need to take. First, you need to find a trusted and reputable Bitcoin Casino. You can choose between an online casino that only accepts Bitcoins or one that offers Bitcoin as one of their payment options.
There are four things to check before you make the decision to sign up at any online casino. Make sure they have superb security as you don’t want to run into the risk of someone stealing your identity.
Also, check that the casino is fully licensed and regulated as this is generally a determining factor of whether it’s a real or fake Bitcoin Casino. We have a guide for how to identify a scammy site too.
The other thing to check is that the casino has the types of games and game quality you prefer. Seeing as you will mainly be on these games it is important and a key factor to help maximise your entertainment. The right technology can provide you with smooth and satisfactory gameplay.
Always look for a casino that provides you with the best bonus offers. There are hundreds of online casinos to choose from but when it comes down to choosing it’s always best to check the bonus offers. These rewards can go a long way, especially if you are limited on funds or looking to stretch your funds, but at the same time maximise your gameplay.
It goes without saying, but you always need to double-check that the casino you plan to join accepts Bitcoin as a payment option. Otherwise, you’ll be going through the whole process of creating an account twice.
Once you’ve decided where you want to play, you will need to open a casino account, providing your information and selecting Bitcoin as your transaction method.
When your Bitcoin Casino account has been created and is ready to use, you can start by funding your casino account via Bitcoin. To do this you will need to open your digital wallet and select the Bitcoin amount you wish to transfer into your casino account.
Don’t forget to grab your welcome bonus while you’re at it. Most online casinos offer a big welcome bonus where you can get double or more your deposit to increase your playtime even while depositing less. Just double-check whether the bonus is added to your funds automatically or if you are required to enter a bonus code.
With your account funded, you now have many gaming possibilities to choose from. All you have to do is choose the game you want to play, select your bet amount and start playing.
Тo ensure you don’t get caught in a scam or an illegal site take a look at the top-rated online casinos in Canada.
Understand how the casino industry works, how to get started, and the best practices for starting out a top online casino today.