Bitcoin Casino in a nutshell

We only have to go back 10 years and no one had even heard of bitcoin. Over the past decade, it has become a popular, secure and trusted payment method used around the world. Its success has also spawned 안전한카지노사이트 dozens of other cryptocurrencies and it is unclear how much this phenomenon may grow.

At first, people joked about this currency because there were few places to use it. Well, the joke is on them because now a large number of companies like Starbucks, Microsoft, and KFC accept payment in bitcoins. And since online casinos are always looking for new and easy solutions to improve their services, bitcoins have quickly made their way to gaming sites as well. This is only possible because money transfers from casinos are already managed digitally, so it is very easy to withdraw cryptocurrencies.

So when we talk about Bitcoin casinos, we mean online casinos that accept payment in Bitcoin and other cryptocurrencies like Ethereum, Litecoin and even Dogecoin. These brands also offer rewards to cryptocurrency players, ensuring the best possible Bitcoin gaming experience.

Bitcoin casinos may seem very complicated or unfamiliar, but in reality they are not. We have introduced Interac casinos or Ecopayz casinos - and this time we are just talking about brands use crypto currencies as well. It is very common that casinos have different payment methods in use and it was only a matter of time for bitcoin to be featured as well. 

Crypto Currencies Growing in Popularity

Like we mentioned before, bitcoin 에볼루션카지노 has become a respectable currency instead of something odd people are mining in their parents basement. Since the world is becoming more and more digitalized, it’s normal to have currencies that you can not physically hold in your hand. Probably in the next 20 years, we will stop using cash altogether and focus more on blockchain options. This revolution started with Bitcoin in 2009 and is still the most popular cryptocurrency. However, as people began to realize that Bitcoin continued to exist, other options such as mushrooms began to appear after the rain.

Currently, more than 100 million people, more than 1% of the world, own bitcoin. And if you look at the US, more than 17% have bitcoin in wallets like Coinbase and blockchain.com. People and players around the world are starting to see it as a viable currency, which means it's becoming more and more stable. So the constant fear of a bitcoin crash has become unbearable and even we ordinary people can consider buying it.

And as more and more service providers and businesses accept cryptocurrencies, its popularity will continue to grow. I mean, it doesn't really make much sense to have "money" that you can't use, but since that's no longer the case, you can't stop bitcoin and other currencies.

Play without limits

For example, since Bitcoin, 에볼루션미니게임 Tether and Ethereum are virtual currencies and are not regulated by a single country, they can be considered borderless currencies. It doesn't matter where you live or where you send your payments, as all geo-blocking possibilities are theoretically enabled. It might still be a good idea to only play at licensed Bitcoin casinos as you would avoid any possible inconveniences if you run into any problems or dispute. 

One of the key benefits of crypto currency is that the whole system is based on decentralization so that no single entity, government or any individual is controlling the currency. In other words the authorities in your country or in the casino’s registered country can’t access or monitor your payments made with crypto currencies. 

If you appreciate your anonymity the Bitcoin casinos and other crypto currencies are for you. Thanks to the blockchain and encryption no one can see your personal details as the only thing available is the transaction ID (TXID) and the amount of currency sent. The casino does not collect your personal information and has nothing to show on your bank statement. This can make a big difference to many as some banks are known to warn customers with gambling deposits when doing background checks on things like mortgages.

What currency do crypto casinos use?

The entire altcoin scene has been booming lately as we see more and more opportunities emerging. Bitcoin is so ubiquitous that you can even withdraw money from some ATMs. For some years we have witnessed Bitcoin casinos coming but now there are multiple other cryptos available to play in real money online casino slots and games. 

Created by an individual or a group called Satoshi Nakamoto, Bitcoin launched in 2008. It was the first ever crypto currency accepted by online casinos and no wonder, since it became the first ever household crypto currency in the world. You can use milli Bitcoin or mBTC as your deposit and bet size unit since it might be more convenient rather than playing with full Bitcoins worth tens of thousands each. 

Litecoin or LTC is also widely accepted at various online casinos. It is one of the first alternative currencies launched in 2011. This currency is actually based on the Bitcoin source code and was founded by Google engineer Charlie Lee. Compared to Bitcoin, Litecoin is much faster with 4x faster mining per block and the theoretical cap is also 4x higher than Bitcoin.

Dogecoin is one of the latest currencies that crypto-casinos have incorporated into their wallets. It was originally a meme and a joke when a drunk man from America decided to create his own alternative currency. He was looking at dog memes, including the famous Shiba Inu character, and decided to base his new play on that name and image. People will stop laughing as Dogecoin (DOGE) hits the $7 billion milestone in 2021. Tech mogul Elon Musk is one of Dogecoin's top backers and has generated a lot of hype surrounding the change.

Bitcoin deposit and withdrawal

First you need to start by choosing one of the best bitcoin casinos from a verified list. This is the first step to ensure that you are playing at a reputable, reliable and verified online casino. After going to the game site, it's time to register and make your first deposit. You can usually remain anonymous because you only need to use an email address and password for your account.

Go to the cashier and select Bitcoin 에볼루션게이밍 or any other digital currency as the payment method. The casino will then create your wallet address where you can send money. Be very careful when copying the address because even the slightest mistake can transfer your money to someone else's wallet and there is no way to recover this transaction. Select the amount you want to deposit and confirm the transaction. If you want to claim a bonus, please check that the amount is above the baseline required and that the bonus has been triggered. 

The withdrawal process at Bitcoin casinos is fairly simple too. As they already have your wallet’s address after your initial deposit they can pay the amount instantly after you have requested a withdrawal. You should remember though that even though the casino is paying you instantly, you still need to wait for some time as the transaction is depending on the speed of block mining.With Bitcoin the average confirmation time is 10 minutes or so but the time can vary a lot. Faster blockchain currencies like Litecoin can be processed at least 4 times faster just because of the lighter structure.

 Crypto Casinos and Games Provably Fair

Due to various licensing restrictions, not all games accept cryptocurrencies and cannot be played with Bitcoin, Litecoin, Ethereum, etc. However, there are still thousands of real money slot machines that you can enjoy playing with cryptocurrencies. For example, if you deposit bitcoins into your casino account, the games can recognize your currency used and give you the same experience as betting with bitcoins. If you used dollars, the games would be played with dollars, but technically everything remains the same.

We get a lot of messages from our readers about whether the games are unfair, manipulated or manipulated. Crypto casinos are leading the revolution towards more open and transparent gaming as thanks to the blockchain technology and open source principles, it is possible to check how the random number generator RNG works. 

A new term called ”provably fair game” or ”provably fair casinos” have become a phenomenon. There are several independent tools that can be used for checking if every single spin, hand or round was actually legit and if the RNG worked as promised. Every game has a mathematical return-to-player percentage RTP% describing the ratio between winning and losing combinations within the game’s engine. Provably fair slots and provably fair casinos are giving anyone a fair chance to access their logs and check if the results have been in line with the original frame. This is a way to check if the results are really underestimated.

In some ways, crypto casinos and bitcoin games can be safer than the original slot machines played in mainstream currencies. Currently, you can play slots, video games, card games, table games and more with Bitcoin and other cryptocurrencies. Sooner or later, live casinos will also be available in Bitcoin casinos.