The Gambler’s Guide to Bitcoin Casinos
The Gambler’s Guide to Bitcoin Casinos
Ever since the favorite cryptocurrency of the world was released in 2008, people have been speculating about its prospective uses and how it is going to change the nature of money. A crypto casino is one of the first use cases for Bitcoin.
There are hundreds of crypto casinos at bitcoinbuster.com
Apart from the dark black markets, gambling has been one of the firsts to use cryptocurrency. If you take a look at the history of this industry, you will notice, gambling has always been the first to see the potential of new technologies and use them. The same can be said for mobile devices. This is true for virtual reality as well.
There are different types of cryptocurrency casinos. This article will serve as a complete guide to use a cryptocurrency casino.
Types of Bitcoin Casinos
Cryptocurrency casinos fall under two categories. The first is regular online casinos accepting Bitcoin in the form of payment and the other is the casinos built on the blockchain.
Even though these are two distinct types of casinos, making a deposit will work in the same manner. However, before you get to that, you need to know the difference between a casino built on blockchain and a crypto gambling site.
Regular gambling sites always have to abide by the laws of ‘Know Your Customers’. This indicates you have to send a copy of your proof of address and ID to verify the details. It is mainly when you place a request for a withdrawal or deposit a big amount at the site.
Nevertheless, most cryptocurrency casinos on the blockchain are not going to ask for your personal details. Hence, you will be able to play in complete privacy.
Bitcoin is not completely anonymous and might be traced if required. So, if you have to be completely anonymous Bitcoin blockchain casinos might be a good choice.
It is one area where conventional casinos are still going to win. There are many cryptocurrency slots and a majority of the casinos offer dice games, roulette, and blackjack. So, when it comes to regular casinos, there is no contest.
For people who are only concerned about the games that they get to play, regular casinos accepting cryptocurrency is a good option.
Many online casinos still have a pending time. This is often 24–28 hours prior to releasing the wins. It is done for managing the cash flow and to ensure all withdrawal requests are valid. However, it might piss off the punters.
If you play on cryptocurrency casinos on the blockchain, you don’t have to worry about the pending period. The funds are going to be cleared immediately. However, you will have to wait for the money to arrive in your wallet.
Deposits are instant for both. Nevertheless, when it comes to withdrawals, casinos on blockchain stand on far superior grounds.
So, now you know the difference between the two types of cryptocurrency casinos.
How to Make a Deposit at a Cryptocurrency Casino?
If you are using cryptocurrency for the first time, things might seem a little daunting. However, if you follow the steps given below, you are going to be fine.
● The first thing you need to do is get hold of some Bitcoin.
● When you have the cryptocurrency, you have to look for a preferred cryptocurrency casino and net up a new player account. Make sure you note down the wallet address. Do not make any mistakes. To avoid errors, copy and paste the address.
● Now, it is time you transfer the exact amount of cryptocurrency you would like to deposit from the exchange address and then wait for it to arrive. It might take some time if you are transferring a large sum of money.
● As soon as the cryptocurrency gets deposited in your casino wallet, you can start playing your favorite game.
How to Make a Withdrawal at a Cryptocurrency Casino?
If you make a withdrawal from a cryptocurrency casino is just the opposite of the depositing process. In case of withdrawal, the process starts with the casino wallet and is going to move to another wallet.
At this point, you can do one of the many things. You need to consider what you should do. So, you have the option to either move the cryptocurrency on to exchange for fiat currencies or shop with them over the internet. If you want, you can also send the cryptocurrency to cold storage to keep it safe.
Games That You Can Play with Cryptocurrency
Irrespective of the game choice, you can be sure that you are going to find a different variant of cryptocurrency casinos. Moreover, you will get a chance to increase your Bitcoin balance by playing them.
At a cryptocurrency casino, you will be able to play all types of games. Hence, you are free to try out your favorite game like slots, table games, or live casinos. All you have to do is ensure that you are choosing a trusted site and you can start with your gambling adventure.
However, if you are looking for a more traditional approach, you should check out the live casino games. These will make you feel like you are playing in a real-time casino with real-life dealers. With this, you will have a realistic experience.
So, no matter what game you are looking for, you will be able to play a Bitcoin casino.
It is not difficult to use cryptocurrency like many people tend to believe. The primary hurdle is to get the cryptocurrency and ensure that you are sending it to the right wallet address. As long as you do these, the rest of the process is the same. So, you have to fund your account and play a casino game just like you do on other sites.
If you want to play with cryptocurrency, it is necessary to make sure that you are choosing a reliable casino. It should have a proper license and certificate. Also, the website should be protected using an SSL certificate.