Bitcoin is a relatively new currency that offers online players an easy, safe way to deposit and withdrawal cash at online casinos. Due to several benefits afforded by the cryptocurrency, the number of online casinos accepting Bitcoin is increasing fast.
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Bitcoin Casinos Explained
Bitcoin Casinos are online casinos that feature Bitcoin as an accepted currency. BTC or Bitcoin is a cryptocurrency that has become highly popular, and the number of online bitcoin casinos is definitely on the increase.
Unlike customary currencies such as pound sterling, dollars or euros. Bitcoin is not a central bank currency and operates solely in a peer-to-peer market. The cryptocurrency can be transferred between users via bitcoin addresses that consist of a series of letters and numbers.
Originally new casinos were created and the only currency accepted was bitcoin and since the currency has enjoyed a massive increase in popularity several other casinos have added bitcoin to their list of accepted currencies. Casinos that accept both traditional currencies, as well as bitcoin, are known as hybrid casinos, these often accept bitcoin and grant withdrawals via the cryptocurrency, although they convert funds to a more traditional currency for wagering purposes.
Bitcoin Casino Benefits
Bitcoin has caused waves of excitement in the online casino world due to the array of benefits if offers. The most important perk is that players who use bitcoin can remain completely anonymous and bitcoin unlocked many online casino doors that were previously impossible to do, due to gambling laws and restrictions.
Bitcoin payment processing is easy, free of charge, fast and completely secure while no processing fees are charged, and both players and online casinos save on costs. Players residing in the US were previously extremely restricted in their choice of online casinos due to strict regulations and the bitcoin currency removes all restrictions.
Players remain completely anonymous since bitcoin online casinos only require an email address from players as well as a password. The vast majority of bitcoin casinos do not ask for personal details such as names or physical addresses.
Bitcoin Casino Games
Bitcoin casinos offer the same gaming selections as traditional casinos, and for US players a much larger gaming variety is now accessible. Where only a few developers previously catered for players from restricted countries, players at hybrid casinos have access to an extensive gaming collection from all the major software developers.
Bitcoin casinos gaming libraries include slots, traditional card and table games, live dealer games, arcade games, scratch cards, lottery and often sportsbetting. All software is certified as RNG, and fair and new gaming titles are added regularly. The new breed of online casinos that accepts bitcoin also offer an array of incredibly generous bonuses, and players can often select to accept a general or bitcoin exclusive welcome bonus.
Bitcoin is not tied to any bank or Government, funds cannot be frozen, users have complete control over their funds and player’s anonymity, and privacy is respected by online casinos who now accepts the popular cryptocurrency.