Bitcoin is the world’s most expensive and most popular crypto currency available. With the idea that bitcoin can be spent anywhere for anything you would buy with traditional currencies, unfortunately not all business sectors have caught on to the change yet.
A few online casinos however, have adopted bitcoin as a fully supported currency with which you can play any game of your liking. While on the face of it, it may seem that bitcoin is just another currency to use and it will all be the same as usual, there are some key differences that bitcoin brings to the table when compared to other more traditional currencies.
How To Start
For anybody unfamiliar with any crypto currency, buying bitcoin may seem like a challenge in itself. Because of the perceived complexities we will first go over a quick guide on how to get yourself some bitcoin. Register to a trusted online crypto exchange, they usually offer a free wallet as well which is handy if your trade quantities aren’t too large. I personally use Coinbase as my go to crypto trading platform, but many reliable options exist. Next, you will want to use the exchange to buy the crypto currency of your choice, in this case, bitcoin.
Now that you have the bitcoin in your wallet conveniently supplied by your exchange, sending the bitcoin over to your chosen online casino is even easier than sending money bank to bank. The wallet of your choosing will generally have a well laid out explanation on how to send bitcoin, although for the most part it is a very easy process.
- Security – bitcoin has built a great reputation for being for the most part anonymous. While casinos will generally require your personal information to pay money out, Using bitcoin for your online casino can be a great way to protect your personal data and not put your direct banking at risk. Online casinos have made a great push towards security since inception, that said, very few places online are truly safe. Using bitcoin for your gambling is a great way to keep your information away from anybody with potentially nefarious intent.
- Investment – While the bitcoin market may seem saturated at the moment, it also seemed saturated when it was worth a tenth of what it is now. While i would never recommend putting one’s entire savings into any crypto currency, it is nice to know that while you play in the online casino, your capital could be growing too. The same thing can be said for any winnings, you could be winning more than you expect because bitcoin is on the rise again.
- Savings – Bitcoin transactions are generally cheaper than normal bank transactions. A cost which the online casinos usually absorb. Transaction costs now being less means that casinos, for the most part, pass these savings on to you. While using bitcoin with an online casino you can expect to get better bonuses than ever before.