As technology advances, it was only a matter of time till our ways of paying did too, however, few people could have guessed the impact that the cryptocurrency Bitcoin would have. Now, depositing and withdrawing funds with Bitcoin Casinos is easier than ever before. Read about this and much more below.
Even though the first Bitcoin network was launched in 2009, it took another two years for it to hit the mainstream market. Bitcoin is the world's very first decentralized currency which means that unlike traditional currencies, it has no central bank and allows people to send money to each other via the internet without being linked to any real identity. While at first this form of currency was very much misunderstood, the anonymity it guaranteed its users gained it a lot of fans and its reputation has gone from strength to strength. By 2014, hundreds of business offered Bitcoin as a payment option and thanks to a surge in Bitcoin Casinos, every player can now play at a number of those casinos.
Although Bitcoin Casinos are the new kids on the block, it doesn't mean that safety and security have been compromised, in fact, all casino experts maintain that Bitcoin is one of the safest payment methods you will ever use. Not only can one send money from one Bitcoin address to the other without there being a need for a third party but all Bitcoins are kept in an offline system which has no internet connection. Thus, this stops the possibility of any kind of data theft.
When it comes to transferring money, you will be able to see your transfer almost immediately, however, it does take another 1 to 3 hours for it be completely confirmed. On the other hand, if you do manage to win big whilst playing at one of the Bitcoin Casinos and want to withdraw, it will take you about 24 hours to get your money which is still a lot less time than if you were playing via Visa or e-wallet.
Thanks to its newness, Bitcoin is still a bit of a grey area when it comes to whether or not you can gamble with it. The reality is that many places do not have specific laws when it comes to cryptocurrency. Our opinion on the matter is simple, if you own Bitcoin and want to play at Bitcoin Casinos, there's literally nothing to tell you not to.
Both Curacao and the United Kingdom have issued licences for casinos to accept Bitcoin as a currency. This basically means that they have accepted the responsibility to regulate the operation of cryptocurrency websites. Thus, you will definitely find Bitcoin offered as one of the online casino payment options at both Curacao online casinos as well as at Online Casinos UK.
Bitcoin Casinos allow you to claim bonuses when depositing with this cryptocurrency. Additionally, some online casinos that accept Bitcoin have particular bonuses when using Bitcoin as a payment method.
Bitcoin Casinos games come in all shapes and sizes and they have their own mobile versions of the desktop versions which players have come to know and love. Whether you want to take a spin on the Roulette Wheel or play Online Slots, Bitcoin Casinos have it all.
There can be little doubt in anyone's mind about the impact that Bitcoin has had on the casino industry. Not only can players now deposit and withdraw their funds with the greatest ease, but they can also do so completely anonymously. Gone are the days when you have to give your name and address to an unseen third party, now, you can just click a button and wait while your money gets transferred. Bitcoin Casinos also offer some of the best online casino bonuses on the net. So what are you waiting for? Pull up a chair and start your Bitcoin Casinos journey.