Published on 27 September 2016 by Rachel
Online casinos are often at the cutting edge of modern technology – they have to be! Playamo are forging ahead in the realm of online payments by offering not just a range of payment methods, but also transactions in the increasingly popular Bitcoin currency.
What’s up with bitcoin?
You have probably heard of Bitcoin by now. If you haven’t, you may be wondering what the fuss is all about. Bitcoin is what is called a cryptocurrency. This means that it is a virtual currency – so you cannot withdraw it directly from a bank, as you would with regular money – that offers its users security, speed and anonymity in their transactions.
Like every other currency, Bitcoin is subject to an exchange rate. Users can visit conversion websites to change their Bitcoins into their home currency, and then transfer and/or withdraw that as they wish.
Bitcoin transactions are super secure – at no point does any user attach any sort of identifying information to their wallet account. All that is visible to an outsider is a long string of numbers and letters. Transfers take place between Bitcoin wallets, which provide a similar string of random characters in place of an account number. Transfers are instantaneous and logged, ensuring that users can keep a close watch on them, thus avoiding any untoward shenanigans.
Playing at Playamo
Whether you like it old school or prefer to ride the Bitcoin wave, Playamo has got you covered. Choose from a number of trusted payment methods to top up your casino account or cash out your winnings. These include Skrill, Visa, and Neteller, as well as Cubits for Bitcoin transfers.
The upside to Bitcoin? Instant transfers! No need to wait for bank authorization and the like – once the casino approves the transaction, your Bitcoins will be zooming towards your wallet at lightning speed. No waiting, no hassle, and with a €4000 limit, it’s every player’s dream.
€100 + 50 free spins with the playamo welcome bonus
Sign up to play at Playamo to enjoy a generous boost thanks to the welcome bonus!
Make your first deposit to have your money doubled – that’s a 100% match – up to €100 or 0.25BTC. You will also get 50 free spins on Steam Tower.
Deposit again to get a 50% deposit match up to €100 or 0.25BTC and 50 Starburst free spins!
Your third deposit will be matched 25% up to €100 or 0.25BTC, plus 50 free spins on Lights. And finally, deposit number 4 will be subject to a 25% deposit matched up to €200 or 0.5BTC and 50 free spins on Attraction!
That’s €500 or 1.25BTC in bonus cash and 200 free spins to collect in total at Playamo when you sign up to play!