Bitcoin Casino – What’s the Catch?

Bitcoin Casino – What’s the Catch?

Bitcoin Casino sites allow literally everyone to experience the excitement offered by online casinos. They are still very similar to how standard online casinos work. The only difference is the currency used and the way it is handled. If you are interested in trying bitcoin casinos, a wide variety of different bitcoin casinos is already available online. However, just like in standard online gambling, not every bitcoin or BTC gambling site is reliable. Some are just better or worse than others.

But, don’t be intimidated by the idea of bitcoin gambling. Basically, it’s just a regular online casino but with a different currency. Instead of using dollars or other currency transacted through credit cards or online payment facilities, bitcoins are used.

The most important thing is getting a bitcoin wallet. There are three different kinds of bitcoin wallets: online wallets, software (offline wallets), and hardware wallets. Hardware wallets are the most secure but online wallets are arguably the easiest to use. You should be fine choosing an online wallet. It’s not really difficult using whatever wallet. You just have to read the instructions and figure out how each of them works.

When it comes to getting bitcoins, you can ask from friends to transfer bitcoins to you or you can buy them using the standard money. You can actually sign up for a casino bitcoin without obtaining bitcoins first. Many of the best bitcoin casino sites today provide instructions on how you can obtain bitcoins so you can start with an empty bitcoin wallet. What’s really important is that you have a bitcoin wallet.

Using bitcoins in a bitcoin casino is all about depositing bitcoins and withdrawing them. Once you have signed up for an account, you can then proceed to the page where you can deposit your bitcoins. It is also on this page, usually, where you can withdraw your bitcoin winnings. Some sites call it the “Cashier” page while others provide direct links for the “Deposit,” “Withdraw,” and “Get Bitcoins” functions. It’s impossible for you not to quickly figure out how the use of bitcoins works in online bitcoin gambling sites. If you know the rules of various online casinos such as Paddy Power Casino, you shouldn’t find it hard learning how to use bitcoins for BTC gambling.

Just be reminded that online casinos that use bitcoins have varying terms and conditions. It is very important to read these terms and conditions so you wouldn’t be surprised that, for example, you suddenly lost the bonus bitcoins you have earned because it expired.

Bitcoin may have had its share of challenges and controversies but it has slowly become a good alternative to traditional currency. Many people around the world have already started accepting and paying in bitcoins in lieu of traditional money. Bitcoins are particularly advantageous in the field of online gambling as they make it easier to wager and collect winnings.

Typically, gambling sites or online casinos require credit cards or some form of online payment facility to allow players to place their bets and receive the amount they have won. However, not everyone has a credit card. Online Payment Facilities, on the other hand, require credit cards to become verified and to transfer funds. As such, not many get to enjoy the fun of being able to play casino games through the Internet. There are sites that offer alternative methods for online payments but they are usually unreliable and far from secure. Bitcoin addresses the security and regulatory concerns associated with other forms of currencies or payment schemes employed by standard online casinos.

Share the JOY !Share on FacebookShare on Google+Tweet about this on Twitter
 
The following two tabs change content below.

Steve Gardner

I am living in London. I am an e-entrepreneur. I have been working in the online gambling industry as a professional since 2003. I am a fan of Chelsea team. I am married. I like cycling.

Submit a Comment

Your email address will not be published. Required fields are marked *