Bitcoin casinos are becoming more and more popular as the interest for this digital currency continues to increase among ordinary people. With Bitcoins becoming mainstream, people are slowly getting rid of their fears, starting to understand there are certain advantages to using Bitcoins over fiat currency, especially when it comes to online gambling.
Bitcoins offer several advantages over using traditional money. First and foremost, certain online casinos will let you gamble anonymously, without having to reveal any of the personal information. Further, Bitcoin deposits and withdrawals are very fast and reliable thanks to the underlying blockchain technology.
To use Bitcoins for gambling or any other purposes, all you need is a Bitcoin wallet, which is very easy to obtain, and some Bitcoins. These can be purchased at any of the number of Bitcoin exchanges or you can have someone send some.
If you’re considering gambling at a Bitcoin casino there are certain things you should know to avoid any surprises. There are three different types of Bitcoin casinos and your choice will depend on your particular needs.
Full Bitcoin Casinos
If you want to deposit in Bitcoins and actually keep your cryptocurrency, then you’ll need to find a full Bitcoin casino. These online casinos only use Bitcoin, which means there’ll be no conversions and all wagers are made using the digital currency. Of course, this also means that you’ll be susceptible to any value fluctuations, so the actual value of your casino bankroll can go up or down with the market.
Completely anonymous gambling is only possible at these full Bitcoin casinos, where you’ll only need to enter a minimum amount of information, such as your email, username, password, and, sometimes, your date of birth.
Bitcasino.io is one such place, where all games are done completely in Bitcoins and you don’t need to send in any sensitive information. The casino features a nice selection of games by NetEnt, Betsoft, and Quickspin, as well as a range of table games and Live Dealer tables.
Regular Casinos Accepting Bitcoins
Some of the regular online casinos have started to introduce Bitcoins as one of their accepted payment methods. With these casinos, you’ll be able to use your crypto currency wallet to deposit, but the funds will be automatically converted to the fiat currency in your cashier. In this case, Bitcoins are just another banking method, but you’ll still need to provide the full information and send in the required documents to verify your account. Some good and reputable online casinos accepting bitcoins are Slotsmagic and PlayOJO
Hybrid Bitcoin Casinos
The third type of online casinos accepting Bitcoins are hybrid Bitcoin casinos. Here, players have a choice of keeping their funds as Bitcoins or converting them to a fiat currency. Usually, there are two different sets of games, one for regular gaming and the other for Bitcoin gambling.
In most cases, the Bitcoin section has fewer games, but the best of the best do offer two almost identical sets of games, catering to both player groups. A good thing about these hybrid casinos is that you can take your pick, so if you aren’t feeling comfortable about Bitcoins at a particular moment, you can easily deposit and play with traditional money. When the digital currency seems stable and thriving, the other option is on the table as well. The most recommended hybrid bitcoin casino is Loki Casino.
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