Bitcoin Casino - the first crypto casino in Malaysia

As many professionals have expected in recent years, online casino gaming is on the rise. This is the impact of a pandemic in many countries. Despite the major health problem, people are still betting, which is understandable because stone casinos 카지노사이트 are closed and require physical or social distance. Despite the global pandemic, more and more people are now turning to online casino games. This is usually caused by the device. 

What are Crypto Casinos? 

Crypto casinos are the casinos that allow players to place bets and withdraw their winnings using cryptocurrency in the same way as traditional casinos allow their players to bet and withdraw in fiat currency. For example, US dollars, Euro, Indian Rupee, Mexican Peso, and so on. Nowadays, many players prefer to gamble with cryptocurrency as it guarantees a higher degree of anonymity and an opportunity to win the ever high-rising currency. The biggest and most trusted online casino BK8 is one such popular crypto casino popular in South Asia. Best Crypto Casino Bonus

When it comes to online casinos, one of the main reasons that encourages people to play is the availability of bonuses or promotions. The trick to increasing your chances of winning large amounts is to always find the best casino bonus. At a cryptocurrency casino, it's also important to look for the best online bonus you can earn. Now it can be a no deposit bonus, 에볼루션게이밍 a free spins on some selected slot machines or a welcome deposit bonus that will catch your attention.

It is best to go through the terms and conditions for the decision, as some casinos only allow cryptocurrence withdrawals instead of deposits. There is also no shortage of online casinos that have special crypto welcome bonus offers for their players. The number of days on which the bonus will be available must, however, be reviewed. 

The Best Cryptocurrency for Online Crypto Casino (BTC & USDT)

The year 2020 has witnessed a surge in industries that decided to adopt cryptocurrencies as an alternative payment model. However, online crypto casinos accept a range of cryptocurrencies as a payment method for the past few years. The tremendous rise in the prices of some digital coins has fueled the growth of online crypto casinos. So, have a look at the best cryptocurrency for online Crypto casinos. 

Bitcoin (BTC)

Accepted by several casinos across the world, Bitcoin (BTC) is undoubtedly the best cryptocurrency that is catching the attention of casino players. Earlier, it was largely an alternative investment tool, but there has been a remarkable shift in the mindset since 2018. Now, more people are aware of the advantages it offers in terms of ultimate anonymity and privacy. So, this has emerged as all the more trusted among crypto casinos. 

Created in January 2009, bitcoins not issued by any federal government are now appealing to the masses. Also, a massive amount of computing power goes 에볼루션게임 into verifying each bitcoin transaction which makes it very safe. You can spot numerous casinos that accept bitcoins as their payment method along with other traditional payment methods. For example, BK8 accepts bitcoins and tether along with Indonesian Rupiah (IDR), Malaysian Ringgit (MYR), Thai Baht (THB), and Vietnamese Dong (VND) as a reputed cryptocurrency casino. 

Tether (USDT)

While it is true that tether (USDT) is quite a controversial cryptocurrency, it has also emerged as a highly stable and trusted cryptocurrency in recent years. What makes it so popular among all is its stability compared to other popular digital currencies such as bitcoins and Ethereum. The price fluctuations are a bare minimum. So, players are comfortably using the same at crypto casinos for their predictable value and high trading volume. Like bitcoin, it also offers payment anonymity, which is preferred by people who love online gambling. 

The Rise of Crypto Casino – A Brief History

In August 2011, cryptocurrencies were embraced by an online poker casino for the first time in history, and bitcoin was the cryptocurrency. The fact that bitcoin is a decentralized and encrypted currency makes it somewhat popular among the players. However, there was still no significant rise in crypto casinos worldwide, but more cryptocurrencies started to emerge. 

In September 2013, a player who goes by the name Nakowa successfully won a jaw-dropping 11,000 BTC, and this single win gives a huge boost to the emergence of crypto casinos across the globe. At that time, 11000 BTC was approximately close to $1.3 million. In bitcoin history, this was the highest ever win in those days, and today, you can easily spot a bitcoin online casino over the web. In February 2014, the first licensed bitcoin casino arrived. It is licensed by the renowned Curacao Gambling Licensing Authority. It's called Bitcasino.io. Gradually, more and more online casino sites are adding cryptocurrencies as an optional payment method to keep them relevant.

Until August 2014, this crypto casino 에볼루션바카라 used bitcoins for payment methods, but that changed when a cryptocurrency casino called CryptoGames offered another cryptocurrency as an alternative payment method. Many have even launched exclusive crypto casinos to attract the attention of the Millennials.

This was a historic moment for a crypto casino when NetBet became the first UK licensed crypto casino operator in 2016 and met all government regulatory requirements. It is allowed to legally accept BTC from your players! As a result, many new cryptocurrencies are beginning to emerge, but things have worsened when China imposed a blanket ban on the exchange of the digital currency in 2017.

Dust soon settles, and today crypto casinos function essentially the same as traditional casinos. The only exception is that you can enter a cryptocurrency instead of fiat currency. The process to deposit and withdraw funds is also almost the same. 

There are now countless online casinos that let their players play with cryptocurrency and enjoy all their favourite slot games, poker games, table games, and so on. 

How Does Cryptocurrency Work? 

While the study of cryptography emerged because of the need to ensure secure communication in which the message can be decoded only by the intended person, it evolves with the advance in technology in the digital era. 

Now, it incorporates elements from mathematical theory and computer science to ensure a safe online transaction. A person does not need to use his name or bank details while using cryptocurrency to secure payments or withdrawals. 

Since cryptocurrencies make use of decentralized technology, any such need is eliminated. Instead, these work on blockchain technology, which is a distributed public ledger on which every single transaction is updated. These currencies are generated by a process called mining. One can store and spend these cryptocurrencies by using cryptographic wallets. Are Crypto Casinos Safe?

Despite the controversy that these crypto casinos are insecure due to their non-disclosure, they are secure. Only you have complete control over your e-wallet and it is possible to have such a wallet with a pseudonym. That is why many players are attracted to this casino. Plus, there's extra security. 

At crypto casinos like BK8, you will never be asked for any personal detail such as your banking details, personal details, or any other sensitive data like it is in the case of other online casinos or land-based casinos. You can make instant deposits and quickly withdraw your winnings as per your wish while playing at a crypto casino. It is minimal or almost no chance of theft or crypto hacking that makes these crypto casinos safer to the players. 

A Seamless Crypto Casinos Experience

At our bitcoin casino, BTC, ETH and USDT are allowed as cryptocurrencies. However, make sure that you have cryptocurrency in your e-wallet. You have to know that these wallets exist in the online world in the same way as a PayPal account or bank account and are secured with encrypted technology. A crypto deposit may take 3-5 minutes, depending on the chosen cryptocurrency. So, to make a crypto (Bitcoin, Ethereum, Tether) deposit at this crypto casino, follow these three easy steps. 

Step 1 – Click on Deposit and select your Crypto method. This can be either network Bitcoin or USDT. 

Step 2 – Now, login to your wallet app and scan the QR code for your BTC/ETH/USDT address. 

Step 3 – Finally, transfer the amount you want. 

Remember, a minimal transaction fee in BTC, ETH or USDT is charged for every successful transaction, and this will be charged by your e-wallet. The withdrawal process is also almost the same in most crypto casino, and you have to provide your BTC/ETH/USDT address to the crypto casino. There will be no delay in the transfer of your winnings as the process is very streamlined. 

The Future of Crypto Casino

Despite the growing popularity of crypto casino, it is a fact that central banks and law enforcement authorities are very suspicious about these casinos. Even some tax authorities suspect the operation of crypto casinos as many may use this for money-laundering purposes. 

Given the risk involved in depositing money by using traditional methods, there is no doubt that the future of crypto casinos is bright. More and more players are now using cryptocurrencies for gambling. There is already a significant rise in the number of crypto casinos in the recent few years. So it's only an hour and soon anyone who is interested in gambling will find out about this casino.