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So, what are Bitcoins, and how did they originate? And how did they evolve into Bitcoin casinos and gambling? Bitcoin is essentially a decentralized virtual currency, meaning it neither exists in the physical world like real cash, nor does it have a central bank such as the Federal Reserve.
It is used by more than , people and businesses all over the world, trading in thousands of dollars every day without a middleman or credit card company involved.
Among these businesses are now dozens of Bitcoin online casinos, each offering a unique portfolio of betting games like roulette and online slots to crypto-currency customers.
Satoshi Nakamoto releases a paper titled Bitcoin: The bitcoin network comes into existence with the release of the first Bitcoin open source client and the issue of the first bitcoins.
An estimated , merchants are accepting bitcoin. Barclays becomes first high street bank to accept the currency. Bitcoin splits into two derivative currencies: Even the most uninitiated can acquire BTCs and begin playing at a top bitcoin casino online within minutes by following our step-by-step instructions.
Whether you are an Apple, Android, Samsung, Windows, or Blackberry smartphone or tablet user, most bitcoin casinos offer mobile versions of their games, designed specifically for you.
There are a few bitcoin casino apps out there, but downloading and beginning play on an app is also super quick and easy. Aside from a slightly more limited selection of games, your experience playing for real bitcoins on mobile is going to be exactly the same as if you were playing on your computer.
One advantage of a bitcoin casino over conventional gambling sites is that the house edge is considerably lower — often around 1.
Many sites have 'provably fair' games, meaning because transparent algorithms power the betting on online casino bitcoin sites, there is no way for the website to pick numbers to make players lose.
This applies even to live casino games, too. Here are just a few more advantages of using bitcoin to gamble online. Gambling communities and sites like Casino.
We inspect every online casino to ensure that the bitcoin casinos we recommend are the best. We do this by following a number of criteria and only presenting you with the casinos that rate highly in all of the following areas:.
Safety and Security - Each of these top casinos uses the highest levels of encryption and the newest and most developed online security protocols to protect your personal data and your money.
Banking Options - In addition to the security of your personal data, we always ensure that your money travels securely to and from the casino and that there's a variety of different methods to fit any preference and budget.
Game Variety - The top casinos we recommend support hundreds of different slots, cards, dice and betting games so that you will always find the right game for you.
Fast Payouts - With technology where it stands today, top-rated casinos should be able to release winnings within a couple of days, which requires strong organization and carefully designed payment processes, to ensure the satisfaction of the players.
Knowing what to look for makes the selection process for an online casino smoother but the market is still saturated, so we've done the hard work for you.
Entering any of our highly recommended online casinos, you can be assured that they'll fulfil all of the above criteria, and then some! As soon as you have downloaded a Bitcoin Wallet onto your mobile device or computer then you can start to buy them and use them at any online casino, and to send them to any casino site you simply log into the casino, access the banking interface, select the Bitcoin option and then follow the onscreen instructions.
Be aware though that there are two different ways, one of which each online casino that accepts Bitcoin will offer you in regards to using your Bitcoins as casino credits.
Some casinos will let you playing in the Bitcoin currency and as such you will fund your account and then be able to play their range of games by using fractions of Bitcoins as the stake amount you play each game for.
However, more and more casinos now choose to exchange your Bitcoins into casino credits, so for example if you deposit one Bitcoin into those sites you will then be credited with or casino credits which you then use those credits to stake each game.
Once you wish to make a withdrawal your casino credits are then converted back into Bitcoin at the casino credit versus Bitcoin exchange rate the casino gave you when funding your account, and those Bitcoins then get sent back to your Bitcoin Wallet.
If you have been experiencing problems finding a casino banking option that is both reliable and will allow you to deposit funds into an online casino based on where it is you live in the world, or you want to play completely anonymously then you should seriously consider using Bitcoin.
Below we have listed the many different benefits of using Bitcoins to both make deposits into your casino accounts and also as a way to get paid any and all winnings you choose to cash out from your chosen online casino site that accepts Bitcoin.
Instant Transfers — Your deposit and withdrawals are going to be processed more or less instantly when making a deposit or withdrawing winnings from a Bitcoin accepting online casino site.
This will ensure you are never going to have to wait days, weeks or months to get paid your winnings as is often the case at some online casinos.
Bitcoin Bonuses — Much like when you play at any online casino site, if you choose to play at one that accepts Bitcoin you will be awarded with bonuses and casino comps both as a new player and as an existing player at those sites.
Account Verification Not Required — As you are able to utilize Bitcoins anonymously you are not going to have to send in all manner of different identification documents that most casino sites require you to do to get your account verified.
This can often slow down and drag out your first withdrawals at those other sites. You simply sign up deposit then play and withdraw any winnings at a Bitcoin accepting casino and will never have to send them any identification to get paid your winnings.