BEST BITCOIN CASINOS
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You have surely already heard of Bitcoin cryptocurrency and you have probably wondered what it is. Basically, this cryptocurrency also known as BTC is a digital currency or cryptocurrency, as well as a decentralized payment method, and therefore independent from countries and banking institutions. For this reason, as Bitcoin as well as other cryptocurrencies are becoming more and more widespread in the igaming industry, this has seen the birth of specialised gambling & sportsbooks sites that accept players who only and exclusively deposit, play and withdraw their winnings with crypto currencies. Bitcoin online casinos as well as those casinos that also accept cryptocurrency payments are offering players a direct and anonymous transaction system. In practice, safe from any attempt of fraud.
If you decide to play in a Bitcoin/crypto casino but don't have any cryptocurrency yet, there are two different ways to get it. Probably the simplest option is to buy it directly from an online provider. The other instead is represented by the so-called mining, a peer-to-peer process that allows you to "extract" this coin. The disadvantage is that to produce the currency through this process it is necessary to have a very powerful PC.
Unfortunately, there are currently no UK-licensed casinos that directly support bitcoin deposits and withdrawals. However, you can still get around this and pay with bitcoin by using intermediary banking options.
Basically, if you are keen to use and spend your crypto currencies to play at online casinos there are some legal ways to get around this. Several e-wallets, crypto exchanges and online banks have found ways to blur the line between cryptocurrencies and traditional banking solutions. In practice, by using their services you can exchange your bitcoin and other crypto currencies and the casino of your choice gets fiat, normal money such as EUR, GBP, USD, etc.
Here are some the most reliable payment providers that let you spend crypto currencies using more conventional banking methods:
Is it safe to pay with Bitcoin at an online casino?
One of the main reasons that has decreed the huge success of Bitcoin and other cryptocurrencies on the market is certainly the security with which the peer-to-peer transaction takes place, characterized by the cryptographic block system. The issue of guaranteed anonymity is certainly an excellent incentive for what concerns the use of this innovative financial product also to use popular games such as slots, roulette, blackjack or even live dealer games in Bitcoin. The blockchain process caches currency movements: all this once again in favor of a traceability of transactions (which can thus be kept under control) and consequent user safety and protection.
For everything we have described, Bitcoin cryptocurrency is a perfect and very reliable way to make payments even in an online casino. Many sites with BTC, while not offering this system as the only option for transacting, are advocating it for their users to allow them to prevent fraud, theft and unsafe payment options. The ability to transact with virtual currency will become increasingly important for online igaming operators in the future.
The best Bitcoin casinos that you will find listed on this page have fully satisfied all the tests we have subjected them to. Some of them, also, are particularly brilliant in some respects and you can find out about their strength by reading about their respective reviews in this website.
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