Bitcoin Casinos

What Is Bitcoin?

The Bitcoin is a digital crypto-currency that has found world-wide popularity over the recent years. When we talk about a crypto-currency, we are referring to a digital asset that has been designed to function as a means of exchange. This digital currency uses cryptography to ensure the security of the transaction and also controls the creation of additional units of the ones that currently exist. The Bitcoin made it to the mainstream in the year 2011 and it’s popularity has continued to maintain its place in the online world. The Bitcoin is now widely accepted in a number of renowned online retailers including companies such as Dell and now with Bitcoin casino operators.

Best Bitcoin Casinos

Several casinos have come into the light offering Bitcoin as a means of payment. In most cases, the processing of Bitcoin payments is free so you can ease your mind when it comes to those pestering transaction fees that most casinos include. The first thing you should consider as a player who is looking to play at a Bitcoin casino is the reputation of the casino. There are hundreds of reviews on the web (including this one) that talk about how good or bad a casino is in terms of the quality of services the offer. Licenses and software are also important factors to consider since you wouldn’t want to be playing half-baked games in illegal casinos, now would you?

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• M-Bit Casino
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Types Of Bitcoin Casinos

There are two main types of Bitcoin casinos that can be found on the web. They include Bitcoin Only and Hybrid casinos. As the name suggests, Bitcoin Only casinos usually ask for both a name and Bitcoin address when you sign up at the casino. When you request a withdrawal, you will be required to verify your identity by either faxing a bank statement or a utility bill. On the other hand, Hybrids process payments in both Bitcoin and fiat currencies. Most them, however, will proceed both deposits and withdrawals in Bitcoin. When it comes to wagering at the Hybrid casinos, the money will be converted to a fiat currency such as Dollars, Euros or Pounds while it is in your account.

Top Mobile Bitcoin Casino Games

The good news about Bitcoin casino games is that it is not a fringe industry. More and more games are released with every passing year creating a bigger and better gaming arsenal. Slots are the most popular games when it comes to Bitcoin games and they are in plenty. Examples of Bitcoin slots include Fruity Fortune Slot, Pirates Revenge Slot, Victory Lane Slit and Wild 7’s Slot. Table games are also available for Bitcoin play and they include popular games such as different variants of Blackjack and Roulette.

Advantages of A Bitcoin Casino

The use of the Bitcoin has given the online gambling works a complete facelift. The first advantage that the Bitcoin gives players is complete anonymity. In most Bitcoin casinos, the only information that they need from you is your Bitcoin address and you are good to go. The Bitcoin also decentralises online casino gambling. Since the currency is not controlled by any entity, players from all over the world can play at a Bitcoin casino without a hassle. Bitcoin also ensures quick transactions between the player and a casino. Since it does not have to run through a bank or an e-wallet, transactions happen almost in an instant and players can say goodbye to the frustration of having to wait for a week for a payment to be processed.

Bitcoin Wallets

A Bitcoin wallet is the first step to using Bitcoin as a currency. Why? Without a Bitcoin wallet you cannot make any Bitcoin transactions. There are also different kinds of Bitcoin wallets. There are hardware wallets and hot wallets. Hardware wallets come in the form of flash drives some with a screen, some without and the best in the market include the likes of Ledger Nano S, Trezor and KeepKey. The Ledger HW.1 comes without a screen. Hot wallets run on internet connected devices and they include the likes of Green Address, Mycelium, breadwallet, Copay, Airbitz, Greenbits and Bitcoin Wallet.

Bitcoin Casino Bonus

On top of safety and value for you money and time, another factor you should consider when choosing a casino is the welcome bonuses they have on offer. When it comes to Bitcoin casinos, there are quite a number of bonuses that are available for new users and regular players as well. The first bonus is the deposit bonus. Some casinos match your deposit up to 200% to a certain amount and they allow you to make wagers with this bonus. Other bonuses include reload bonuses, free spins on mobile and no deposit bonuses.

Bitcoin Online Gambling

With the evolution of technology, many developers have resorted to making the services that they provide available on mobile. Fortunately or unfortunately, there aren’t that many Bitcoin mobile casinos available as there are regular mobile casinos. There are a small number of Bitcoin casinos that can be accessed via your mobile device’s web app and some have their own apps in the respective app stores. These casinos run smoothly and all the features that you would expect to find at the same casino while browsing using your computer are available.

Bitcoin Gaming Licenses

Like regular casinos, Bitcoin casinos have to acquire licenses for the regions in which they wish to run their operations. Some of the more popular license distributors are the Malta Gaming Authority and the UK Gambling Authority among others. Bitcoin casinos offer the best slots on the market in order to keep afloat in the online gambling market and give their competitors a run for their money. For this reason, they have the best software developers backing their game titles. Some of these world renowned software providers include Microgaming, NetEnt, BetSoft, Play n Go, Playtech and Playson among others. These Bitcoin casinos are also certified by bodies such as eCOGRA, thus ensuring players that they offer both safe and fair gaming.