Intro

Bitcoin casino

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Wager 5 mBTC and get 200 FS

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Online casino with bitcoin

Good convincing online casinos can be recognized by the fact that they offer a large and varied number of payment methods . Because the means of payment factor is now playing an increasingly important role in the choice of an online casino portal in 2022. If you can deposit and withdraw with many and different payment methods, then you reach a larger target group. The so-called online casinos with Bitcoin are on the rise

Casino with bitcoins or so-called bitcoin casinos are online casinos where you can pay in and out with a so-called cryptocurrency. This is virtual money, i.e. money that is only available in digital form. Everything you should know about casinos with Bitcoin, all the advantages and disadvantages, everything players should consider when registering at a casino with Bitcoin and how the casinos work with Bitcoin is summarized in the following article.

Bitcoin – What is it?

A bitcoin is the name of a digital currency, a so-called cryptocurrency. This currency can only be used online. “Bit” stands for the smallest memory unit of a computer and “coin” means “coin” in English. These bitcoins can be used with so-called e- wallets, i.e. electronic purses, and exchanged for other currencies.

The Bitcoin currency corresponds to a decentralized payment system that works without the intermediary of banks or states. As mentioned earlier, cryptocurrency trading is possible with an e-wallet and the appropriate software.

Bitcoin casino – how does it work?

The use of bitcoins requires the use of special software, which must first be installed on your own computer. If the other side with whom you want to trade, in this case the online casinos, accepts this currency, you can then use this means of payment. The payment process remains pretty much the same and doesn’t really differ from a process with other currencies. If you as a player have found an online casino that supports Bitcoin payments, you can proceed as follows:

Deposits and withdrawals with Crypto casino

After you have set up your Bitcoin account and selected a suitable electronic wallet, which you also want to use via the official portal, you can finally buy Bitcoins. Now you are the proud owner of real Bitcoins. When you have found an online casino that accepts the cryptocurrency, you go to the deposit area and enter your data.

There are usually only two fields to fill out, namely the field with the amount of the deposit and the field with your own Bitcoin address. The sum from the Bitcoin account is thus made available and corresponds to the form of a series of numbers for this transaction process, which is also referred to as a blockchain. These blocks are between 27 and 38 digits. In short, you only need your own Bitcoin address and that of the online casino where you want to play.

When it comes to paying out, it’s even easier. If you have played successfully and were so lucky that you can make a profit, you can also have this paid out in bitcoins. So you go to the page of the payment area and enter the amount to be paid out with your own Bitcoin address. Now the transaction is completed and the money is transferred from the affected online casino to your own Bitcoin account.

But what about the reputation of these bitcoins in Germany and Austria if you want to use them in online casinos? A currency network with bitcoins first appeared in 2009. Since then, the currency has become increasingly popular as an independent means of payment and has been on the market since 2011.

Unlike the euro or the dollar, central banks are not designed by independent states to administer and control them. It also explains why there is no fixed exchange rate for bitcoins. These bitcoins are traded via an electronic P2P marketplace and since 2014 it can be seen that this particular currency has become increasingly popular with online shops. Online casinos are now also joining this development and are also offering more and more cryptocurrency as a payment option.

After setting up your own customer account, which was provided with the necessary registration, you can simply click on the payment area. As already mentioned, you select the payment method and click on Bitcoins so that the transaction can be requested. After all, you only have to enter your own Bitcoin address.

If you followed all these steps, you could easily make the necessary transaction with your digital currency.

Best bitcoin casino – advantages and disadvantages

If you want to use cryptocurrency, you also have to keep in mind that there are advantages and disadvantages. It is advantageous, for example, that bitcoins are completely independent of the development of other currencies. For example, if the dollar is weak and it loses value, then there is no impact on the digital bitcoins. Another advantage is the very easy handling of transactions with bitcoins.

Only the data of your own Bitcoin address is required for this. Furthermore, one can also notice that the fees charged for a payment with the digital currency are quite low. Since this currency is purely digital, you simply have more freedom. As a player of an online casino you enjoy more privacy and more anonymity if you want to pay with cryptocurrency. In addition, the times of deposits and withdrawals with bitcoins are much shorter.

As a disadvantage, one can simply state that the cryptocurrency is not yet used globally.

Bitcoins are still a very new payment method and are not accepted as a currency everywhere and by every online shop. That’s why you have to look around in advance and find the right online casinos that accept deposits and withdrawals with cryptocurrencies. It is also worth remembering that a lot can happen in the coming years regarding the development of cryptocurrencies.

Furthermore, one must not forget that the price of bitcoins can fluctuate greatly, even completely unexpectedly.

Online Bitcoin Casinos – Legality and Licenses

Since this means of payment is fairly new, one might also wonder whether the whole thing is actually legal. The cryptocurrency is a thoroughly legal matter, which is recognized worldwide. Internet users can pay with this currency. However, despite the existing legality, it is not an official currency.

With a valid casino license, the Internet provider actually has a kind of seal of approval that plays an important role as a trust mark for potential customers. Then you know that everything is fair and right here. Because in order to be able to obtain such a license, the online casino provider must meet a number of conditions.

Since large amounts of real money are also traded in some cases, it must also be ensured that the transactions can be processed securely and legally. Furthermore, it must also be possible to secure personal data so that third parties cannot gain any access.

Thus, customer data can be managed under appropriate security standards. When it comes to the fairness of the game design, an official license also ensures that the computer-controlled games run completely free of fraud. For this purpose, the software used, which is intended to resemble a random number generator, is regularly and meticulously examined.

Bitcoin gambling sites – Legality and Licenses

Since this means of payment is fairly new, one might also wonder whether the whole thing is actually legal. The cryptocurrency is a thoroughly legal matter, which is recognized worldwide. Internet users can pay with this currency. However, despite the existing legality, it is not an official currency.

That’s why you should make sure all the more that the selected online casinos where you want to deposit and withdraw with Bitcoins are really safe and have a valid gambling license.

With a valid casino license, the Internet provider actually has a kind of seal of approval that plays an important role as a trust mark for potential customers. Then you know that everything is fair and right here. Because in order to be able to obtain such a license, the online casino provider must meet a number of conditions.

Since large amounts of real money are also traded in some cases, it must also be ensured that the transactions can be processed securely and legally. Furthermore, it must also be possible to secure personal data so that third parties cannot gain any access.

Thus, customer data can be managed under appropriate security standards. When it comes to the fairness of the game design, an official license also ensures that the computer-controlled games run completely free of fraud. For this purpose, the software used, which is intended to resemble a random number generator, is regularly and meticulously examined.