Bitcoin Casino Gambling5 years ago
In such a competitive industry as online gaming, innovation and keeping up with market trends are critical to success. Along with the increased importance of availability on different platforms, such as tablet and mobile, one area where things have progressed this year in online casino gaming is the inclusion of Bitcoin as an option for uploading funds to your account.
First seen back in 2009, Bitcoin became the first decentralised cryptocurrency available on the world market. Although notoriously volatile in nature and experiencing the occasional scandal, such as the Mt Gox fraud, Bitcoin has gained the confidence of an ever increasing number of users.
For potential customers considering using Bitcoin for the first time, it is advisable to keep up to date with market exchange rates and any economic news that might be of major importance.
The first step to using Bitcoin is to select what is known as a 'Bitcoin wallet'. If you click here you will be taken to Bitcoin's official website and be presented with a selection of approved bitcoin wallet providers.
Once you have a wallet it is now possible to purchase Bitcoins from a 'Bitcoin exchange.'
The official Bitcoin website suggests a large choice of exchanges all of which are approved.
It really is as simple as that. Once the wallet is loaded with Bitcoins you are ready to go and play.
If you are still worried about the security of your money just bear in mind that a blue chip company like the IT manufacturer Dell is now accepting Bitcoins for payment of goods and services. We know this isn't some passing fad which will blow over when there are now close to $5 Billion worth of Bitcoins in existence.
We know for sure that the value of the Bitcoin can fluctuate much more aggressively than a major fiat currency such as the American Dollar, British Pound or the Euro. A month short of two years ago, the Bitcoin was trading at $1100, whereas today, it is worth a little more than $320. But if you follow the recommended safeguards which are discussed on many different websites, then your Bitcoin experience should be a positive one.
Bitcoin casinos are still at the very beginning of their emergence, but online poker companies embraced the cryptocurrency idea a quite while ago. The main advantage for both service provider and client is the speed at which transactions can be processed, and also the reduced cost of those transactions.
It has been a traditional bugbear of online poker players for more than a decade that sometimes there has been a wait of many weeks following a request to cash out funds from a player account. Some service providers even went as far as charging for a withdrawal. Now with Bitcoin, costs are reduced and the transfer process is much faster. It really is a cutting edge payment processing solution that benefits all parties.
Another point to note is that due to the anonymity of the whole Bitcoin process, many potential customers who previously were unable to upload or withdraw funds for gambling related activities can now participate in grey markets. Bitcoin is safe, anonymous and instantaneous, making it possibly the most perfect solution we have ever witnessed for online gaming.
The well known e-wallet Neteller decided earlier this year to integrate Bitcoin transactions into their system. You can now upload Bitcoins into your account with absolutely no fees. They have also teamed up with Bitcoin payment processor Bitpay to enable Neteller customers to add to their fiat currency accounts.
There really has never been a better time to try out a Bitcoin casino. So let’s take a look at what's available.
Betcoin – Many different bonuses including a 100% deposit bonus. 3D graphically enhanced games for a wide selection of stakes, plus all the traditional casino favourites such as Roulette, Blackjack, and Slots. They also have a mobile gaming platform so you can play whilst on the move.
Bitcasino – More than 600 premium casino games. The popular live dealer table games. 100% deposit bonus + more. Mobile gaming platform.
Omni Slots Casino – The main focus of this website, if you haven't already guessed, is slots! However, there is still a full selection of classic table games and video poker available. A mobile gaming platform is available for tablets and smartphones. Welcome bonus available, and once a regular casino member, cashbacks and free spin offers are offered.
All in all, for what is still a fledgling idea, Bitcoin casino gaming has plenty of choice already. Over the next year we can expect rapid growth and more tempting offers to become available.
The casinos I reviewed briefly above were just three of many available choices. If you are an online casino gaming fan, and are interested in using Bitcoin to pay then you should search for yourself and find an offer to suit your needs.
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