Just a few years ago, cryptocurrencies like BTC were only vague terms for most people. That has now changed and Bitcoin is now a widespread one Payment method on the internet that has both advantages and disadvantages. In this article we will list them for you and explain why Bitcoin can also be a preferred means of payment in casinos.
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What is Bitcoin anyway? Why you should consider making a Bitcoin deposit in the online casino?
Bitcoin is a type of crypto currency, electronic money so to speak. It is a decentralized digital currency without a single transaction administrator that can be sent from user to user on the peer-to-peer network, without intermediaries.
Before you can pay on a website, you need your own system, the Bitcoin Client. You can then also use this for an online casino Bitcoin deposit. All you need to register is a valid email address.
Why Bitcoin is a legitimate option - all the advantages of Bitcoin casinos at a glance
One of the greatest advantages of Bitcoin transactions is definitely the independence from other currencies and their exchange rate fluctuations. No matter how the euro, US franc or dollar stands, this crypto currency remains unaffected. However, it is also possible for Bitcoin to fluctuate in value, because its value is primarily determined by the intensity of demand and supply. You also have to expect fees if you buy the Bitcoin from certain providers.
Some casinos also charge fees for deposits and withdrawals when making payments. The best thing to do is to compare the selections and think carefully about where you are signing up and whether Bitcoin is available for payments. In the Bitcoin Casino Online, the speed is a clear advantage, because both with the deposit and with the withdrawal you receive your Bitcoin funds in the twinkling of an eye. In addition, Bitcoin is very secure thanks to the blockchain code and allows a high level of data protection, as no bank or other data is required at all.
In contrast to some payment methods such as Neteller and Skrill, in a casino with a Bitcoin deposit you are even entitled to the welcome bonus and you receive exclusive Bitcoin Free Spins yourself when you deposit. For most customers, the points listed are reason enough to give this digital currency a chance.
The disadvantages of using Bitcoin in the casino
Our Bitcoin Casino test has shown that there are unfortunately not very many providers who accept or offer Bitcoin as a payment method.
However, the situation here should improve continuously, because more and more players are trying out a Bitcoin casino and are convinced of the gaming casinos without registration and with super fast payments.
Another disadvantage is the already mentioned large price fluctuations, which can be very wide.
Who deserves the title of best Bitcoin casino - and based on which criteria?
For a complete evaluation of online Bitcoin Casino it is of course not only important that the currency is accepted. It is important for the players to have the opportunity to play slots, roulette, blackjack or baccarat in your online casino and of course to take advantage of the live casino.
You will be reassured to know that bitcoin casinos online offer exactly the same BTC bonuses and free spins, with or without a deposit, the same modern slot machines and also the same jackpot games. The only difference is that the currency in the online casino is Bitcoin.
If you prefer to play on mobile devices, you can also download the app to play on various casino sites. Just take a look at our top 10 list of bitcoin casinos to find out who we have crowned the best bitcoin casino and which bitcoin casinos in USA you are spoiled for choice.
A casino with Bitcoin deposit as an alternative
The many positive Bitcoin Casino experiences that players have made in the Bitcoin online casino so far mean that more and more players in the online casino are switching to this e-wallet payment alternative.
More and more customers are convinced of the advantages of this crypto currency and no longer want to do without quick deposits and withdrawals and anonymity. So this is really a trend of the future that will sweep more and more people with it. We are already excited to see how many new providers will jump up this year alone and include Bitcoin in their offer.
Do customers get a top welcome bonus in the casino with Bitcoin or are they excluded??
It always depends on the provider which payment method they accept for transactions or not. Fundamentally, depositing with Bitcoin shouldn't be a problem. If you pay with top crypto currencies, you will mostly receive the bonus money. Neteller and Skrill are usually excluded. This payment method is not welcomed when it comes to a welcome bonus.
It is best to inquire in advance at the online casinos whether there is a BTC bonus or not. You should also find out which games can be played with the bonus. Sometimes there are free spins on slot machines, but there are bonuses offers for that too Live casino, where they Roulette, Blackjack and other games Find. In the live casino there are usually different bonus rules than in the slot machines area. There you usually have to wager the bonus more often than would be the case with slot machines.
The welcome bonus and all other types of bonuses have terms and conditions where you can read the rules. You have to accept these anyway in order to enjoy the bonus benefits. If there is a selection of different bonus offers, you should take one that is available for your desired games. If you only play slots anyway, it shouldn't matter whether the bonus works on roulette and blackjack. If you would like to play in the live casino in addition to the slots, things look different. You should think about these little things before depositing with cryptocurrencies.
As a customer in the Bitcoin Casino, do you really play anonymously or do you have to provide data??
It is a misconception that as a customer you play anonymously just because you deposit crypto currencies. There is a reason for this. As a player, you want to be safe, and casinos want security too. So we come full circle. Of course you have to provide your details, or at least have a bank account that connects to the casino. Otherwise you cannot play.
There are a few bitcoin casinos that are run purely as such. There are a handful of slot machines, jackpot slots, blackjack, roulette and poker games. Something like this is hardly conceivable in the EU, but it certainly exists elsewhere. The Bitcoin scene that just plays and puts together their own games. Why not. This may seem nice at first, but don't forget that you too want to get your money back.
With bitcoin-only casinos, you can lose your money by simply disappearing the casino from the market. Anonymous means that the casino is too. You transfer money and you don't even know where to go. Since there is no commission or authorization required, the casino is not monitored and does what it wants with your money. Nobody wants to experience that.
That said, most players want to play different top providers. Game manufacturers only work with licensed casinos, which in turn monitor their customers. So you see, playing anonymously is not that easy with cryptocurrencies unless you trust the casino. Even the best live casino games such as roulette, blackjack and poker are only possible in real casinos that work with Evolution Gaming, for example. Slots like Book of Dead from Play N Go or Starburst from Netent can only be found where licenses are not missing.
Where can you buy Bitcoin cryptocurrency legally and save it for online casinos?
If you want to play with cryptocurrency ala Bitcoin, you have to purchase some in advance. In the best case scenario, you already have some. If not, the best thing to do is to log into Coinbase or a similar wallet. There you will be assigned an e-wallet and your Bitcoin address.
From there you transfer the bitcoins wherever you want. It is important that you remember the address carefully. If you buy bitcoins at the kiosk or at the machine, this is also possible, you can transfer them to your address as well.
We do not want to go into this in detail here. There are enough guides on the internet. Use this and inquire directly with the Bitcoin provider. It's not difficult to buy Bitcoin. The only question is whether you want to afford a whole one. Sometimes a Bitcoin is over 10.Worth 000 euros. Don't worry, you don't have to buy an entire bitcoin. 0.0001 Bitcoin are also possible. Depending on how much you want to invest, you are sure to find suitable offers.
When is the ideal time to buy a Bitcoin?? Does this ever exist?
If you want to buy a Bitcoin, you should not buy it where it is most expensive. It is definitely worthwhile to watch the market a little. Anyone who bought a few years ago is rich today. That much is certain. Back then, Bitcoins were available for a few euros. Today you have to do around 10.Pay 000 euros. The highest value was around 16.500 euro. So it is cheap at the moment.
But one must not assume that it will rise again. If it is only 1.Of course, it would be ideal. Whether it will sink that far again, I have no idea. In general, the market should be closely monitored in the near future, because a lot is going to happen. The corona aftermath will only be felt later. We almost guess, wait a few more months and then invest in cryptocurrencies.
Which Bitcoin alternatives are offered in online casinos? Are there any?
Well-known crypto currencies are, for example, Ethereum or Lightcoin. These are also accepted in some online casinos. However, rather seldom, because they are less known than Bitcoin.
These are more likely to be found on platforms where there are generally several crypto currencies. 50 different payment options are accepted there. Such are just as rare and hardly worth mentioning. The main thing is that you can deposit with Bitcoin, if at all.
Bitcoins are also worthwhile if they are not available cheaply at the moment?
One question that many users ask is that. Can you do anything with Bitcoins if you don't buy them to trade?? Naturally. BTC are a means of payment.
As if you were converting euros into francs or dollars. Here, too, you have to expect exchange rate fluctuations. No question. You purchase dollars and use them to pay in the United States. You buy bitcoins to buy in shops where, for example, only bitcoins are accepted. There are few where Bitcoins are accepted as a pure payment option, but there are. These are mostly alternative providers who want to get rid of banks. There are also places where you pay BTC.
Bitcoins have not yet arrived in society as many would expect. Some still have reservations. Since there is no deposit insurance like there is at banks, there is great fear that the coins will disappear. What happens if you forget the code. Without that, there will be no bitcoins. You cannot be inherited either. If the great-uncle buys BTC and never mentions it, it may well happen that it disappears into nirvana forever.
Bitcoins are great, but you have to take care of them and document everything well so that you can find them again. That's why bitcoin wallet sites are good where you can park the bitcoins. Here you still have a chance of getting it back. Disadvantage, you are not so anonymous there when you buy bitcoins. Whoever fetches it completely anonymously has to save it directly on the computer. As I said, a delicate matter that you should only do if you are familiar with it.
How much is a Bitcoin currently worth?
The rate fluctuates daily, so we can only give you the current status from 06.01.In 2021. It is currently 28.065.39. A steep price, but as I said, if you want, you can only buy a half or a fraction. You pay in euros or francs and then receive the amount transferred in Bitcoin. Whether you pay 10 euros or 10.Put $ 000 is up to you.
Can you play anonymously in a Bitcoin casino??
You can only find reputable games and providers where you have to register. This is because these casinos are licensed and licensed casinos, on the contrary, also want to hedge themselves. We recommend that you only play with reputable providers so that you can enjoy the security you deserve.
Which games are offered in a BTC casino?
Since there are no pure BTC platforms, you can usually find all the games as usual. Slot machines from Netent and Co, jackpot slots, blackjack, roulette, poker, baccarat, keno and many other highlights. Compare the offers and register where you feel comfortable.