Published on 14 July 2016 by Lemba
BitStarz is the online casino of the future. Not only because they have great games and promotions, but mainly because you can deposit and withdraw funds in the digital crypto currency bitcoin. Find out what makes this online casino so special and why playing with and winning bitcoins is the future.
Bitcoin Business at BitStarz
Most if not all online casino offer a wide selection of payment methods including Visa, MasterCard, bank transfer and e-wallets like Skrill. All these payment methods deal with currencies we are used to like pound sterling, euro or dollars. All these currencies are issued by a central bank of a certain country and are therefore considered centralised currencies. What makes online casino BitStarz so special, is that besides conventional currencies you can also pay with bitcoin. Bitcoin is special for several reasons, but we will list the three most important ones; the first reason is that the currency is decentralized. Another reason is that bitcoin is completely digital and the third reason is that the currency is a medium of exchange using cryptography.
Bitcoin: Decentralisation of money exchange
Bitcoin has been around since 2009 when it was released as an open-source software. The bitcoin system is peer-to-peer. This means that transactions take place directly between users without an intermediary. In the case of the exchange of conventional currency you always need a bank or another financial service company as an intermediary. Because there is no intermediary and no central bank issuing the currency bitcoin is considered to be decentralised and is therefor not subjected to the influence of a central bank or a country’s economic or monetary policy.
The Bitcoin Society
Many countries have become almost cashless. Almost all transaction are made by card and few people carry or pay with actual cash, but it is still possible to have ‘real’ paper money or coins. Bitcoin is completely digital. This means that there is no physical bitcoin money you can get from a cash machine or bank. Because Bitcoins are not issued by a central bank, like dollars for example, cryptography is used to secure transactions between parties and to control the creation of more bitcoins. Through this system bitcoin is controlled and created- called mined- by everyone.
BitStarz as a Bitcoin casino
Bitcoin is seen by many as the currency of the future as it operates outside the current system. You can be part of this future by playing with and winning bitcoins. Sign up at BitStarz and claim 20 no deposit free spins. On your first deposit you can claim 100% extra up to €100 or 1 bitcoin (BTC) plus up to 180 free spins. You need to open a bitcoin account to be able to pay with bitcoins, but if you don’t have one yet, you can still pay with conventional currencies. You can also claim bonus cash on your second deposit. Fuel your account with 50% extra up to €100 or 1 BTC. It doesn’t stop at your second deposit, as on your third and fourth deposit you can claim 50% extra up to €200 or 2 BTC and 100% up to €100 or 1 BTC respectively.
July Slot War Races
Until the end of the month you can participate in the BitStarz July Slot Wars Races. Here you can win your share of 5 BTC/ €500 and 500 free spins. The July Slot War Races is just one of many tournaments and promotions the online casino has in store for its players.
BitStarz customer service is available 24 hours a day and cash outs are processed in a matter of minutes. BitStarz has an excellent collection of Netent games including the mobile games of Netent Touch and if you are a high roller there is a dedicated VIP team that can address all your needs.
Step into the future for an awesome gaming experience; play at Netent casino BitStarz.