Bitcoin Online Casinos 2020
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BITCOIN CURRENCY AT A GLANCE
Before heading to Bitcoin online casinos 2020, the first and most important subject to cover is exactly what Bitcoin is all about and how it works. Once you have a better idea of what this cryptocurrency has to offer, it will be much easier to see just how easy gaming online with Bitcoin can be.
There have been many scams around the Bitcoin currency as most people don’t understand how it works and what to do when it comes to wallets and using services that protect your funds. We will cover all of the information in the article below, giving you everything about Bitcoin.
What is Bitcoin?
Bitcoin is described as a virtual currency that’s stored on the computers of those who own and mine it. International banks do not regulate it, and there is no physical owner who takes a share. Instead, the entire Bitcoin system depends on users from around the world who “mine” for Bitcoin by allowing the system to use their computers to process transactions.
It’s completely anonymous as no one owns the Bitcoin. Instead, everyone who helps process payments earns a share and people who choose to invest in its lucrative value can purchase Bitcoin through various online wallets.
Bitcoin is not a physical currency so you can’t withdraw it at an ATM. In fact, the entire system is based on software and blockchain technology. Therefore, everything just works as it purely depends on computers that automatically figure out the code and allow transactions to take place. So, when you buy Bitcoin, the system automatically uses computers of those mining for Bitcoin to process the transaction.
Once you purchase Bitcoin, most wallets will provide you with a 16-digit code, which is referred to as your wallet ID. You’ll need this code to pay for things or make deposits at Bitcoin online casinos. This code is your entire security system as someone else would be able to use it should you let it slip into the wrong hands.
Luckily, the latest online wallets cover such things and adopt a very similar payment process as seen with web wallets such as PayPal. This certainly makes the currency more secure, but it also introduces fees as the wallet takes a percentage of each transaction. However, each wallet is different and provides its own range of features.
How to Get Bitcoin?
There are now many ways to get your hands on Bitcoin as everyone aims to get a slice of this lucrative pie. Many Bitcoin online casinos make it easy to purchase the currency directly from their sites, which gives you the ability to gain access to both standard and Bitcoin games.
Alternatively, you can create an account with one of the popular Bitcoin wallets. There are many different wallets to choose from, and each offers unique benefits. Some of these might be geared towards investors, while others are there to make Bitcoin online casinos easily accessible.
There are only a few things you would need to ensure before creating an account with Bitcoin online casinos 2020 or wallets before getting ready to buy. It is always a good idea to check out the reviews and see how the experience has been for others. Next, you need to check the fees and limits of the wallet and ensure they suit your gaming preferences. Finally, ensure that the wallet is capable of making deposits to casinos and receiving funds. It also needs to give you the option to withdraw into your bank account in the currency of your choice.
BITCOIN ONLINE CASINOS – THINGS TO CONSIDER
Now that you have a Bitcoin wallet and some funds in your account, it is time to start looking for the best Bitcoin online casinos 2020. Luckily, there are many different online brands to choose from, and you’ll get a unique experience from each of them.
Some of these Bitcoin online casinos have been operating for many years before the cryptocurrency became available. Instead of the company opening a whole new brand to accommodates cryptocurrencies, it simply added the opportunity to the casino experience it already provides. These are great as they give you the chance to play all the same games as before and use Bitcoin instead of the usual currencies. The same betting options and features are all available and your winnings payouts exactly the same, except for it is in Bitcoin.
New Bitcoin online casinos change things up a bit and offer exciting new opportunities to take advantage of the huge rewards they offer. Some of these casinos don’t even require registration as you can simply log on, provide your Bitcoin account ID and instantly play the game. With these Bitcoin online casinos, there’s no need to make a deposit or anything you find with regular casinos. Instead, the game links directly to your Bitcoin account and removes funds each time you bet and adds funds when you win. It is instant but doesn’t include the games most casino fans would be interested in. These Bitcoin dice games are straightforward and based on the outcome of dice.
CHOOSING BITCOIN ONLINE CASINOS
Since this is an entirely new currency that is not being regulated by any banks or governments, it’s important to understand that the coin allows you to play at just about any casino. Of course, this also includes a whole new level of risk as there aren’t any control bodies in place to license Bitcoin casinos. Those who’ve added Bitcoin still use their licenses, but there are many who cater to various jurisdictions without the right licenses. To ensure you don’t fall victim to scam Bitcoin online casinos, be sure to follow these tips:
Unlike most establishments, Bitcoin online casinos might not operate under licenses. However, this would only involve casinos offering those dice games. The rest still need to provide licensing information that tells you who they are regulated by. Of course, this would depend on where you’re from, which determines whether or not the casino can provide gaming to your country.
Even with the licenses, there are some Bitcoin online casinos that still take chances and affect your bankroll. This is where it becomes important to ensure that the casino follows the rules and regulations of their license. One way of checking is to follow our recommendations and read the reviews from other players. This is where you will get the most details about the casino and what they provide. If there are any payment issues, you’re sure to find out about it here.
Before you create an account with Bitcoin online casinos, do yourself a favour and see what software requirements they have. Many of these casinos still use downloaded software and don’t make it possible to use instant play with your browser. There are also many that don’t include mobile gaming, which might be important to many of you. However, we have a large range of Bitcoin online casinos to choose from, which has all the features and benefits you could possibly desire.
With the right games, security and reliability in place, the next bet would be to check out the games. As mentioned before, some Bitcoin online casinos only offer dice games, but we include a range of excellent options, which provides everything from slots to live dealer games. It all depends on your preferences and the type of games you would like to play. The casino comparison tool would become extremely handy with these features as we point out exactly what type of games they offer and from what developers.
Finally, have a look at the different banking options available at Bitcoin online casinos. This will tell you more about the transaction times and the fees involved with both deposits and withdrawals. You would also need to ensure that they accept other banking options that allow you to switch if needs be. However, if you are sure that you would only be playing with Bitcoin, the additional banking options aren’t as important.
Also, ensure that you have a look at the promotions and the terms and conditions they include. This could be a considerable disadvantage as some casinos make the bonuses way too big, which makes it harder to complete wagering requirements. Also, see if they have a VIP program and some type of loyalty reward system if you’re planning to stick around for a while.
With all the above matters in place, the last thing to do is ensure the site is easy to use and that the support team is there when you need them. You can then create an account, make your first deposit and claim the bonuses they provide.