The Ultimate Bitcoin Casino Checklist
Bitcoin is a digital crypto-currency that has become tremendously popular in recent years. The currency is unlike traditional currency as it has no central bank and it operates solely in the peer-to-peer marketplace.
Bitcoin was first introduced to the public at large in 2011 and by the year 2014 it is used by tens of thousands businesses across the globe. The online casino was one of the very first online services to accept the bitcoin payment method. Many players at the Canadian online casino have been encouraged to use the bitcoin casino software after receiving positive reports concerning the bitcoin casino security methods and the ease of use.
When it comes to online banking, players are concerned with the fast and safe payment methods. Players are also looking for equally hassle free methods to withdraw any winning they have made at the casino. The bitcoin casino reputation has proven itself as a wonderful payment option for all players at the online casino.
Bitcoin is a very innovative online payment system. Payments are made and recorded in a public ledger with no single administrator in charge of the accounts. This payment system has often been described as a decentralized crypto-currency.
To buy bitcoins, make your way to a site that deals in bitcoins and open an account - this will be your bitcoin wallet. Once you have opened an account, you can ‘mine’ coins from servers or you can make your way to an online exchange at a site such as Coinbase. Bitcoins can be bought and sold in many different currencies from both other individuals as well as from other companies. There are frequent buy and sell bids where bitcoin transactions take place. Your bitcoin wallet will have a unique ID that only you will know. Once you own bitcoin, the transactions are instant.
The value of the bitcoin fluctuates in line with supply and demand. Since 2013 some mainstream websites have begun accepting bitcoin as a virtual currency. The popularity of bitcoins has meant that many online casinos have now decided to accept it as a real currency
THE BITCOIN ONLINE CASINO
The bitcoin payment method is still in its very early stages and although it is becoming more accepted among many online traders and companies, it is still not accepted at all online casinos.
The use of bitcon is on the increase as the online casinos are being won over by its convenience and ease of use. The bitcoin is a particularly useful Canadian casino payment method at the online casino as it is anonymous for both the sender as well as the receiver.
To use bitcoins for playing at the online casino you need to open a bitcoin wallet and purchase some bitcoins. As soon as you have some in your wallet you are ready to begin playing. Withdrawals can also be made directly back to your bitcoin wallet.
One of the down sides of using bitcoin as a payment solution at the online casino is that the value of the bitcoin changes frequently and you will have to check their value frequently so that they know how much they are playing with.
THE BITCOIN CASINO CHECKLIST
If you are looking to join an online casino that accepts the bitcoin payment method, be sure that you fully understand how the bitcoin payment system works. Once you have ascertained that the casino in question holds a bitcoin casino license, check out the following criteria before finally signing up at the casino:
- License – The online casino must hold a full gambling license as well as a seal of security and fair play, this will ensure your safety when playing at the online casino.
- Game choice - The games on offer are extremely important when choosing a bitcoin online casino. Make certain that the online casino uses a reputable software provider and has a large selection of casino games including your favourite game of choice, also make certain that there is a good variety of both slots as well as the more traditional card and table games.
- Terms and Conditions - Make sure to read all the terms and conditions very carefully especially those regarding the promotions that the online casinos have to offer. Bonuses and promotions are definitely a strong selling factor at an online casino but they usually come with very specific and stringent conditions. Make sure that you know exactly what the online casino has to offer before signing up.
The bitcoin casino reputation is already very positive. The number of players using the bitcoin payment system at the online casino is growing all the time and if popular predictions are to be believed, the time will come when the bitcoin casinos will become the most popular way for players to enjoy online gaming all over the globe.