You may have seen or heard something about Bitcoin Casinos before, probably even right here on our site. There are many advantages to having a Bitcoin Casino over a regular one, as many casino players can surely appreciate, there is a simply an unrivalled sense of anonymity and (if you know what you are doing) security.
Cryptocurrencies of all stripes are making waves in all kinds of industries, including online casinos. Bitcoin (or BTC), in particular, has seen a recent surge of interest and the blockchain technology behind it is becoming increasingly popular. Here’s an idea of some of the best Bitcoin casinos with NetEnt games at this moment in time.
|#||Casino Review||Welcome Bonus||Excl.||Bonus Code|
|1||100% up to €100||n/a|| Play |
|2||100% up to €100||FIRSTDEP|| Play |
|3||100% up to €500||n/a|| Play |
|4||110% up to €150||n/a|| Play |
|5||100% up to BTC100||n/a|| Play |
Why choose a Bitcoin casino? Well, there are a number of perks that are unique to cryptocurrencies. Because it is decentralised, i.e. not under the control of any banking institution, this currency is completely resistant to inflation and to corruption. Transactions take place directly between the users exchanging the currency – no middle man involved.
Anonymity is also a big advantage over traditional currencies. Transactions are completely private, with both parties’ identities totally obscured behind a simple string of code that cannot be connected to any personal details.
A final point to note is that playing with BTC is very interesting to players who are subject to steep taxation on casino winnings. Bitcoin easily gets around high taxes, through its decentralised nature and anonymity.
When it comes to payment methods making gains in the iGaming world, it is worth noting that PayPal casinos are also seeing something of a boost in popularity. Already widely used in e-commerce, PayPal is growing steadily as the method of choice for online casino players.
However, there’s no doubting that the Bitcoin casino has several perks that trump even PayPal, so we only expect the momentum it has built so far to continue. With gaming authorities also beginning to integrate it within their procedures, this could well provide the platform for cryptocurrency casinos to fulfil their potential.
As this virtual currency is yet to be adopted by the majority of online casinos, the sites that do allow deposits and withdrawals in BTC are eager to give potential players a good reason to try out their product.
Most BTC casinos accept a variety of currencies in addition, so they will often provide a separate Bitcoin welcome bonus alongside the standard. These casinos may also decide to offer regular Bitcoin casino bonuses to you once you’ve signed up too, with reloads and other deposit offers found in BTC for your pleasure.
Right, so we know that this cryptocurrency is similar to online cash, but how do you use it to play at a Bitcoin casino?
Simply find an online Bitcoin exchange, which is where you open up a wallet, a lot like traditional e-wallets such as Skrill and PayPal. From here, you select how much you’d like to buy, using a number of payment methods, with the amount being released to your wallet as soon as the transaction is processed.
Depositing via Bitcoin at a casino is easy. Simply select the payment method, login to your wallet and select how much you’d like to transfer. It’s as simple as that.
As the player, you’re in the best position here. The real risk is only held by the casinos due to the anonymity you enjoy. Whereas things like credit cards and e-wallets are held in the player’s name, BTCs have only a unique customer ID to identify the owner. You simply need to consider the usual things – license, reputation and reviews.
Itching to get started with BTC? Choose a top new Bitcoin casino from the selection above.
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