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In the olden days, online gambling meant playing games like slots for money or playing card games for money. These games did not involve digital currencies and were confined to brick-and-mortar casinos.
But as the world has become more digital, so have gaming options. Today, online casinos have become more prevalent as online gaming has become more popular. Bitcoin casinos have become one of the latest trends in the gambling world.
If you’re a fan of gambling and Bitcoin, you might want to learn more about these new options available to you. Keep reading to learn more about these Bitcoin casinos, and their differences from the traditional model.
What Is a Bitcoin Casino?
For starters, Bitcoin is a decentralized digital currency that was created in 2009. Bitcoin has grown in popularity over time, and this popularity has to the creation of several new uses for Bitcoin. One of these uses is Bitcoin casinos.
A Bitcoin casino is an online casino that accepts Bitcoin as a method of payment. One of the things that have made these casinos so attractive is that they don’t require a very complex setup.
You don’t have to open an account or provide sensitive personal information. You can just log on to the gaming website, make a deposit via Bitcoin and then use your winnings as you see fit. These features have made Bitcoin a favourite among speculators and investors. Now, it’s making inroads into the world of online gambling.
How to Use Bitcoin for Casinos
The first step is to find a casino that accepts Bitcoin. Ideally, you’d like this casino to be the only Bitcoin casino you use. After all, if you have no other options, you’ll be more inclined to stick with the casino if everything goes smoothly. This is because you don’t want any bad experiences that could lead to you putting your funds into other online casinos that don’t accept Bitcoin.
Once you’ve found a Bitcoin casino that you want to use, the next step is to buy some Bitcoin. There are multiple ways to go about this. You can purchase Bitcoin directly from various exchanges or via a Bitcoin broker.
If you go with the latter, you can leverage the exchange’s price against that of the brokers. However, the bottom line is, that how you’ll go about acquiring Bitcoin depends on your personal preferences.
How Does Bitcoin Casino Work?
Like any other kind of online gaming, a Bitcoin casino works on a provably fair model. Therefore, every outcome of every game in a Bitcoin casino is recorded on the blockchain, which is a record of all Bitcoin transactions.
This information is permanent and public, which means that it’s instantly verifiable and can’t be altered.
Once you’ve deposited funds into a Bitcoin casino, you can use those funds any way you see fit. This includes playing casino games, mining for Bitcoin or investing in real estate.
After you’ve used your funds as desired, you can cash out via one of two methods. You can sell your Bitcoin for cash, which will automatically end up at the address listed on the Bitcoin block explorer. Or, you can choose to keep your Bitcoin and play more.
The Best Bitcoin Casinos
When searching for the best Bitcoin casinos, you have a number of options. You can go with trusted names like Bitcasino, Bitstarz, and Mr Bitcoin, or you can go with newer, smaller Bitcoin casinos.
Trusted names like these have been around for a long time and have proven themselves time and time again. These are the casinos that consumers have been trusting for online gaming for years, and for a good reason. They’re trustworthy, have great reputations and offer great games.
But if you’re looking for a new challenge, or you just want to experiment with a different kind of Bitcoin casino, here are some newer, smaller alternatives.
The Bitstarz Bitcoin Casino
The Bitstarz casino is one of the newer names in the Bitcoin casino scene. Launched in 2014, Bitstarz has quickly risen to become one of the most popular and reputable names in the Bitcoin gambling industry. They’re well-known for offering a large variety of games, great customer service and competitive bonuses.
Another newer name in the Bitcoin casino industry is Bitcasino. This casino was launched in 2014 and is also one of the most reputable and trusted brands in the Bitcoin gambling world. Like many of the leading names in the industry, they were founded by industry veterans with years of experience.
Mr Bitcoin Casino
Mr Bitcoin is one of the older brands in the Bitcoin casino industry. It was founded in 2018 and has been around for quite some time. Like many other casinos, they were founded by casino industry veterans that have seen many trends come and go.
They remain one of the leading names in the Bitcoin industry and are known for offering a diversity of games, excellent customer service and good bonuses.
In conclusion, we can say that there are many different Bitcoin casinos, and it will not take you long before you can find one that you like.
The good news is that most of these casinos are just as traditional as the others. They all accept cash, credit cards, and other forms of traditional payments. The only real difference is that they also accept Bitcoins.
If you’re a fan of both online gambling and Bitcoin, you’ve got plenty of options to work with. These newer, smaller Bitcoin casinos are great alternatives to traditional casino gaming. They offer the same entertainment and experience, but with a modernized twist.