Bitcoin casino: what to know
In recent years, the world of payment systems has been revolutionized by the advent of Bitcoin. This change was of such a depth and so remarkable that several sectors were affected. That of online entertainment, and more specifically games of money has not been an exception.
This is how we saw the birth of the casino Bitcoin which is nothing more than an online casino using Bitcoin. Do you want to know more about the subject? If this is the case, continue reading this article to the end. You will discover a lot of interesting details, including the advantages and disadvantages linked to playing on a Bitcoin casino.
Bitcoin, what is it?
For non-geeks among us who read these lines, in particular the followers of gambling belonging to the old generation and interested in this new type of casino called Casino 2.0, it is necessary to explain this somewhat that is that bitcoin. It is a cryptocurrency, especially the first having emerged. It was created by an individual whose identity remains unknown until now, but responding to the pseudonym of Satoshi Nakamoto.
The term bitcoin is used to designate a virtual currency, but also a peer payment system in peer commonly known as P2P. Being exclusively digital, Bitcoin does not use any physical support, in this case tickets or parts.
It is also decentralized, which means that it is not issued by any central authority as a government, a central bank or any financial institution. Also, the value of Bitcoin is not indexed to any legal trustee (Euro, Dollar, Sterling, Yen, etc.) or even a raw material (gold, diamond, oil, etc.).
Like the dollar or the euro, Bitcoin acts as a means of payment. In other words, it is possible to exchange, store and make payments with this cryptographic currency.
"What has Bitcoin so special? », Could you ask.
Well, so much. One of the advantages of its use, decentralization, was previously mentioned. This means that Bitcoin transactions are carried out without any intermediary. Another asset of bitcoin which is its strong point is the security it offers. We will come back in more detail below speaking of the advantages of casino Bitcoin.
How to choose a good Bitcoin casino to play?
Given the extent that the use of cryptocurrencies takes, the casinos having adopted bitcoin as a means of payment multiply. Crypto-enthusiastic and players wishing to try a casino Bitcoin So have a wide range of choices available. Read our reviews on the Bitcoin casino, Casinozer.
However, not all online Paris sites using this cryptocurrency are not worth a look. To determine if a Bitcoin casino is able to offer you a decent and satisfactory betting experience, here are the different criteria to take into account:
- Legality: This is the very first criterion to check, because, you can be sure, you would like nothing to play on an illegal platform. The risks of playing on an unpreducated Paris site are multiple. In number of those that can be cited, there is the difficulty or even the impossibility of withdrawing your earnings and the fueling of software.
- Bonuses: The generosity of the promotional offers of a game platform is a decision -making criterion that is not the least in the choice of Bitcoin casino to play. Bonuses and promotions give the possibility of optimizing your chances of winning. Please note that it is not just the size of a bonus that makes its generosity. A generous bonus is also subject to non -binding conditions of use.
- The toy library: A good Bitcoin casino is the one that offers not only a variety of entertainment options (slot machines, blackjack, roulette, baccara, poker, video poker, etc.), but also a large amount of games.
- The possibility of playing on mobile : The mobile game has been established as a standard in the online betting industry. If ideally, a Bitcoin casino does not offer a mobile application, its site must at least be accessible on any smartphone or tablet. And games must be able to run with fluidity.
- The operator's years of service: Experience in a field is the best guarantee of reliability there is. So be sure to always opt for the most experienced Bitcoin Casinos considering their seniority.
How to play on a Bitcoin casino?
Play on a casino Bitcoin is not very complicated. The first thing to do is register by filling out a form where you will have to provide a certain number of information that will be used for the creation of your account. The second step is the supply of the account created.
To this end, using a fiduciary currency (euro, dollar, etc.), you must get bitcoins through a platform specializing in cryptocurrency trade. These Crytomonnaie purchase and sale platforms are better known as an interchange.
When you have been transferred, you will see it on your balance which will obviously have increased.
Then you can place bets on your favorite games. To remove and receive your earnings, you will have to create a wallet (electronic portfolio), and to do this several options are available to you. Some of the most popular are: Blockchain, Base corner, Bitpay, Trust Wallet and Ledger Nano X which is a physical cryptocurrency portfolio.
The advantages and disadvantages of playing on a Bitcoin casino
Play on a casino Bitcoin offers a number of advantages, but there are also some disadvantages to know.
Benefits :
- Anonymity: If there is one reason why more and more players adopt Bitcoin Casinos, it is without context for being able to play incognito. As the transactions are not associated with the player's identity, no one can know about your activity on a Bitcoin casino.
- The speed of transactions: As is the case on all casinos, deposits are instant on a Bitcoin casino. But even more interesting, withdrawals are also quickly made. Generally, playing gains are paid within 24 hours.
- Security : Thanks to the blockchain which is advanced technology for the storage and transmission of information and which also takes place of a database, Bitcoin is a very secure and unable and unable to be hacked.
The inconvenients :
- The Bitcoin volatility: It is one of the biggest drawbacks of the use of cryptocurrencies. The course of Bitcoin sometimes falls very considerably.
- The high cost of transaction costs: In the event of an increase in Bitcoin prices, transaction costs also take a lot of value.
- The existence of very few purely bitcoin casinos: It is important to differentiate between a pure casino Bitcoin and a casino accepting Bitcoin. The second type of casino accepts Bitcoin withdrawals, but does not always allow you to remove its earnings with this crypto.