Online Casinos & Cryptocurrency

bitcoin casinos

A detailed analysis of the financial markets allows us to make sure of a rapid change in trends. Five years ago, very few people were familiar with such a concept as the cryptocurrency. Today, thanks to the capabilities of the internet, everyone can get financial knowledge while staying in their own home. This is due to the increased desire to receive income without spending time and effort. Thanks to the appearance in online casinos of such cryptocurrencies as Litecoin, Ethereum, Dogecoin and Bitcoin, you can significantly increase the level of daily income, if you win, for example, in games with a cryptocurrency in a casino without large investments.

SHORT INTRO INTO CRYPTOCURRENCIES

Being on the expanses of the network, each user came across ads and commercials promoting Bitcoin. This and other crypto currencies have merged into many areas of business, including online casinos. The first crypto currency appeared in 2009, and in such a short period it was able to achieve enviable popularity. These virtual banknotes are widely used between representatives of the computer industry. A full-featured payment platform allows you to collect currency, pay for purchases from your personal virtual wallet, and invest in business activities.

Every month on the Internet there are casinos that “bolster” the possibility of replenishing the account with the crypto currency and its withdrawal. Among the online casinos there are also well-known casinos that invite players offering new opportunities. To make a the deposit and place bets in or when playing with real dealers – all this can be done with the help of Bitcoin or other crypto-money.

The most important thing that a casino offering games for a crypto currency – a potential gambler does not have to go through a complicated registration. The process requires the introduction of only basic data without the need to verify the identity (but there are exceptions). Thanks to this, the player can quickly , make a the deposit and go straight to playing.

SECURITY OF CRYPTO CASINO

Games for a new virtual currency can radically change the industry of online gambling. The use of crypto makes the process of interaction with the casino as secure as possible, thanks to the unique blocking technology, which is a chain of transaction blocks. Thoughtful to detail system is able to secure the wallet with owner’s funds, and unique passwords issued when registering a wallet that cannot be hacked or picked

Advanced online casinos operating in the network are able to provide evidence of the existence of large reserves, as well as verification in complex mathematical algorithms, dispelling any ideas about fraudulent activity.

The use of casinos with the ability to play cryptocurrencies has many advantages, among the most important it is worth highlighting:
• Minimum personal information during registration
• Making deposit at online casino being remotely in any part of the world
• No fees or taxes involved
• Withdrawals occur within blockchain payment gateways which does not require verification of the person who makes withdrawals
• Ease of use of the system – instant execution of transactions, the possibility of errors is minimized.

The main disadvantages of playing bitcoins are:
• Volatility of the Bitcoin and other crypto currencies in a wide range on daily basis
• Crypto currencies are banned in many countries

WITHDRAWALS OF CRYPTOCURRENCY

Online casinos offer a simple and quick withdrawal process of earned funds. However, they set a limit for a one-time withdrawal – most often, it can not exceed 5 BTC. The payment procedure is quick, generally does not take more than an hour. If necessary, the casino can request verification of the client, which can expand the withdrawal period up to 24 hours.