The characteristic of everlasting privacy of bitcoin is the cause behind bitcoin casinos existence. BitCoin casinos are no different than any other online casino, it is just that it allows players to deposit and withdraw in BitCoins. There are also some casinos which accepts bitCoins only and offers all the feature found in modern online casinos but with added security.
List of Bitcoin casino sites
Facts about UK Bitcoin casinos
Moving from basic multi-currency casino sites to bitcoin casino site may feel like a daunting task but it can also be more rewarding. Since the bitcoin casino are now booming, more and more top rated casino have started to accept this digital currency as a method of payment and there are variety of pros and cons which one must consider before signing up to a bitcoin casino.
What are Bitcoins?
BitCoins are a digital currency whose value is decided based on the supply and demand in which unit generation of currency and transfer of funds are regulated with encryption techniques. BitCoin operates independently of the central bank.
BitCoin is one of the most known out of thousands of diverse crypto-currencies available worldwide. It does not come in notes or coins being a digital currency but largely exists online. BitCoins are generated through “mining” which is a very complex encryption process and is monitored by a network of computers globally. At any given time there could be maximum of 21 million bitcoins can exist once mined and can be sold or bought via bitcoin exchanges.
Can you play at casino with Bitcoins?
As mentioned above use of BitCoins at online casinos are booming due to the security of transactions this digital currency offers and also the nature of the crypto currency fits well in to the online payments. Nowadays players can enjoy gambling with bitcoins not only at dedicate Bitcoin casinos but also at traditional online casinos. Since the eWallet like Neteller has partnered with Bitcoins, any online casinos are now able to offer this digital currency as a payment method.
Does Bitcoin Casino extra transaction costs?
Unlike the use of credit card there is no additional cost charged for using Bitcoins as payment method. There are no mediatory in this payment method and all the transfers happens peer-to-peer.
How one can get BitCoins?
To acquire bitcoin, buying it would be considered to be the easiest way as compared to mining it yourself. You are required to create a “wallet address” with any of the well-known bitcoin software offering services. Once completed you are required to select the bitcoin exchange. After completing the previous steps, you can start depositing to your bitcoin exchange account. As previously mentioned the price of bitcoin is volatile and fluctuate as per the demand and supply.
Is Bitcoin Casinos Legal and Regulated?
No matter the online casino you are looking to play at accepts bitcoin or not, it is very important to run a check whether the casino is licensed in the jurisdiction you are located in or not. Similarly making sure the legality of the bitcoin casino site is must. All the UK licensed casino websites shows the Gambling Commission logo on their site somewhere. Most of the online casino website also instruct independent companies like eCOGRA or GLI to assess their game to see if they are fair and the random number generator assessment. The bitcoin casino you choose you should look for these as well.