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The crypto-currency has had its share of naysayers who believe that it is a passing fad but as whole Bitcoin is now widely being accepted across the world.
There is no special way of figuring out the difference between Bitcoin online casinos and online casinos that do not accept Bitcoin.
This is because the only difference to a Bitcoin friendly online casino is its payment processing page which provides players with the option of making deposits and withdrawals using their Bitcoin account.
Bitcoin relies on the innovative blockchain technology which makes the crypto-currency extremely safe to use and allows Bitcoin users to maintain their anonymity.
The combination of top end security and user anonymity is greatly valued in the online gaming industry as players want their identity protected along with the assurance that their personal and financial information will not be compromised.
Bitcoin gives online casino players this assurance and is one of the reasons why it is now being widely accepted by online casinos.
Bitcoin is a decentralized crypto-currency which means that it is not owned or controlled by any government, bank, financial institution or individual.
There are a number of popular Bitcoin wallets that allow players to create a Bitcoin account which they can then use to buy and sell.
There are four different types of Bitcoin wallets which can be classified into desktop, mobile, online and hardware. The easiest option for beginners is the online Bitcoin account.
Players will first have to register for an account before heading over to a Bitcoin exchange where they can use their credit card, debit card or online banking to purchase Bitcoin directly from the Bitcoin exchange.
They will have to follow the same process if and when they decide they want to sell their Bitcoin. Once a player has received Bitcoin in his Bitcoin wallet, they can then proceed to a Bitcoin online casino and make their first deposit.
Before we tell you how to go about making your first Bitcoin deposit, we must point out that there are a number of No Deposit Bitcoin casinos that provide you with different bonuses once you sign up.
These bonuses are provided even before you can make a Bitcoin deposit but do keep in mind that they are subject to stipulated wagering requirements.
The first thing you need to do before you make a Bitcoin deposit at an online casino is to decide which Bitcoin friendly casino you are going to sign up with.
This page gives you a great list of Bitcoin friendly online casinos. The process to sign up for a real money online casino account is relatively simple and quick.
Once you sign up, you will be credited with the special sign-up bonuses that will allow you to play for free and try out the new online casino.
Once you are ready to play for real money, you can go to the banking section and choose the option making a Bitcoin deposit.
Here is a quick list of the steps you need to follow to make your first online casino Bitcoin deposit. Once this process is completed successfully, you will then be able to play real money online casino games using your Bitcoin deposit.
Now that you are familiar with making Bitcoin deposits at your online casino, the process of withdrawing Bitcoin should be fairly simple.
Go to the Banking page click on the withdrawal option and enter the amount of Bitcoin you are going to withdraw. You will then be asked to enter your unique Bitcoin deposit address.
Once you have entered this, click the cash-out button and the process is complete. When you login to your Bitcoin wallet, you will find that the cash-out amount is reflected in your Bitcoin wallet as the transaction will be processed immediately.
Whichever Bitcoin online casino you decided to sign-up with, we encourage you to carefully read these rules as they specify the wagering requirements that you must fully comply with in order to enjoy your no deposit bonus.
These wagering requirements are different with each online casino. We take a look at some of the standard no deposit bonus rules.
It is not necessary to have credit card or bank account to gamble on a bitcoin casino. Normally, credit card and bank account payment is subjected to additional processing charges and fees but bitcoin transactions are free of charges, except a 0.
Not all bitcoin casinos are regulated; but some reputed casinos are regulated and licensed. Another important thing related to licensing of bitcoin casinos is that the casinos operate from such countries where having license is just the name of paying license fee and having the certificate.
So, it is a good idea to research about the casino before investing your money. It depends, if you want to create your bitcoin wallet on the hard drive of your computer you will need software to download and install on your computer.
You can access your wallet through supported browsers. Meanwhile, some bitcoin casinos require their client software to download and install on your computer to gamble and also, there are many bitcoin casinos that use software for client to download.
Are there bitcoin-based gambling sites or apps that work on a mobile phone? There are many bitcoin based gambling sites or applications that work well on modern smart phones such as, Android phones, iPhones, and others.
Some companies offer their applications to download directly from their own websites too. Always download apps of those gambling companies that are provably fair in their dealings as well as operations.
A deposit bonus is a kind of promotional offerings in terms of percentage of original money a player deposits. The working principle of that deposit bonus varies website to website.
Some gambling websites put the limit of number of wagering, some put the limits of minimum amount of bonus to reach before you can use it, and some put limitations of minimum use of amount on games.
Therefore, it is highly recommended to read the terms and conditions on how to use the deposit bonus before you choose for those kind of promotional features of bitcoin casino websites.
Are bitcoin casinos secure? There is no generalized answer to this question; it depends on which bitcoin casino you want to play. There are many bitcoin casinos that are secure and provably fair in their business, on the other hand, there are many fake and unfair casinos that are not secure.
So, you should take care of a few important things while deciding for any casino such as, checking license and reputation of that particular casino through review websites and customer feedback.
There is no minimum deposit amount in bitcoin casinos. The most commonly used units in bitcoin casino gambling are Milli-bitcoin mBTC.
For example, if you deposit 1 bitcoin, it will be converted into mBTC. You can play games via those units of your bitcoin deposit.
You can deposit any amount to play games. There are some casinos that put certain minimum limits on the amounts you deposit. In such special condition, you can check with the website you are interested in.
BTC is an abbreviation of Bitcoin currency. This is very important to note that in bitcoin casinos the thousandth part or mBTC is very popular unit to a play wagering.
What does responsible gambling mean? Responsible gambling is the name of being prudent while gambling. You should not lose your control over your gambling desire at any time; you should be very calculated and careful about how much money to spend on gambling and how much time to play these kinds of games.
These are the same rules for financial and emotional self control which also apply when you are trading with Bitcoin , for instance. Normally, gambling is considered as a type of entertainment like other entertainment in our routine life.
It is important to note that gambling is a form of expenditure not a form of earning. Strict adherence to these guidelines while gambling is called responsible gambling.
Are bitcoin bets and payouts transactions on the blockchain? The general answer to this question is No. Your bitcoin bets and payouts are recorded on the providers of Bitcoin casino services.
Your bitcoin currency is on BlockChain until you deposit it to the platform of your desired Bitcoin casino; after you transferred your Bitcoin currency to bitcoin casino your money is not on Blockchain.
It comes back on Blockchain when you withdraw your bitcoins from your casino platform to your Bitcoin wallet. Is bitcoin gambling legal? Yes, bitcoin gambling is legal where flat currency gambling through USD, Euro and other currency gambling is legal.
Bitcoin gambling has not been subjected to any kind of separate legislation as yet. At this time, bitcoin in the gambling is considered as a mode of payment.
Maybe, in the near future some legislation may come into place in different countries to regulate bitcoin gambling into legal jurisdiction. If Bitcoin is anonymous, do I still need to provide personal information?
At this point of time, you can deal in bitcoin currency through a single email ID. There are obvious chances that in near future some legal regulations will be implemented to regulate this type of currency to make it acceptable across all domains and stakeholders of the modern world.
Are there US friendly bitcoin casinos? There are many US friendly bitcoin casinos offering gambling services to US citizen through bitcoin digital currency.
If you search for US friendly casinos, you will find many to claim as US friendly casinos. You need to check out their features before deciding for any bitcoin casino to gamble.
If the features of those casinos are in compliance with the USA rules and regulations, then you can deem them as US friendly bitcoin casinos.
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