Gambling is one of the most popular pastimes in the world. People love to take risks and see if they can make some money by doing so. And while there are many different ways to gamble like with the help of free spins no deposit UK, none have seen as much growth in recent years as Bitcoin gambling. Bitcoin is a digital currency that allows people to bet and gamble anonymously, which has made it very popular with gamblers. In this article, we will take a look at the 5 best Bitcoin casinos in the world.
What are Bitcoin Casinos and How Do They Work
Perhaps no other subject has garnered as much attention in the online gambling world when it comes to cryptocurrency as that of the bitcoin casino. The concept of these online casinos running on cryptocurrency has certainly changed how people perceive both cryptocurrencies and online gambling, but what are they?
At its most basic level, a bitcoin casino is an online casino that accepts bitcoin for bets, deposits, and transactions. Some bitcoin casinos may offer games for free whereas others require players to pay transaction fees in order to play them. Typically, in these games, the house will hold all of its money in a separate account before the game begins until after it ends. So using Bitcoin you can hit the Jackpot just like Sebastian Stan’s Suit did. Whether or not players win depends totally on chance and how much they bet on each game.
How to Get Started with Bitcoin Gambling
Bitcoin gambling may seem like a complicated task to do. In fact, that is not entirely true. There is a quite simple way how to get started with Bitcoin gambling. The first step is to open an account with a company that allows you to deposit Bitcoins. Once you found the right website, go ahead and create your account making sure your username or email address can not be linked back to your real identity. Also, you should check if the games came out of Singular.
Now that your account is set up, you will need to deposit Bitcoins into it. There are several ways how you can do this, but one of the easiest ways is to use a Bitcoin exchange platform where you can buy or sell Bitcoins from other users. If you have a bank account already and would like to avoid dealing with third-party companies, then feel free to look for the best banking method available for purchasing Bitcoins. Once your account is funded with Bitcoins, go ahead and make a cash withdrawal request.
How to Withdraw Your Winnings from a Bitcoin Casino
One of the easiest and quickest ways to get your hands on some Bitcoins is to play games for them online. You can either do this by betting on sports, playing Poker, or gambling at a Bitcoin casino. If you want to gamble at a Bitcoin casino you mustn’t deposit any money into your account but simply bet with the Bitcoins that you already own.
If you deposit money, then it will be difficult (or even impossible) for you to withdraw your winnings back into Bitcoins. This is because most casinos ask for personal information such as a government-issued ID and proof of address for you to withdraw money from your account in case of winning, and if they do so this means that you cannot use their services.
Fortunately, there are several Bitcoin casinos out there that do not require ID and proof of address to be sent for you to withdraw your winnings from your account. The best thing about these types of casinos is that once you have won Bitcoins from them, all that’s left for you to do is wait until the winning transaction has been confirmed by the network before transferring the money into your wallet which you can then use as if it was real cash.
The Pros and Cons of Playing at a Bitcoin Casino
One of the major discussions in the gambling industry has been the benefits of playing Bitcoin in an online casino. The debate has been going on for quite some time. There are, of course, both sides of the issue. Let`s take a look at the pros and cons of using Bitcoins when playing online casinos.
First, some say that playing at a Bitcoin casino is not as fun as it could be. This issue is mainly associated with the fact that Bitcoins were designed to be spent on different types of transactions. Nonetheless, developers have been looking for ways to make the experience more rewarding. For example, by incorporating live dealers into games or launching a special type of slot machine which is completely based on a lottery concept.
Second, some players claim that they do not want to use Bitcoins since they can`t trust this cryptocurrency due to its high volatility rates and lack of regulation over how it works across the globe. In response, some experts believe that this is a simple issue that can easily be solved by using Bitcoin casino aggregator services or purchasing players` protection insurance.
Third, there are those who claim that they do not want to play online using Bitcoins since it would be too difficult for them to withdraw funds if their winnings become considerable at a certain point. This situation has been solved thanks to Bitcoin casino accepting credit cards as another valid way of withdrawing funds. In turn, this method makes it easier for users from all over the world to access more sites where they can potentially win some money.
The Top 5 Best Bitcoin Casinos and Why You Should Choose Them
They used to be called just bit casino, but their rebranding was such a hit that now even their website’s domain name reads bitcasino.io instead of just bit casino. This online casino is an entity of Nektan Limited, one of the largest gambling software suppliers in the whole world. You can play at a bit casino with Bitcoins, Ukash, Paysafecard, bank transfer, credit card, and many more payment options, so there is no way you won’t be able to get what you are looking for here.
2) mBit Casino
Even though their website is far from being the most attractive one in terms of design, they have some features which are fairly unique for an online casino. They are the first Bitcoin casino to offer provably fair mobile gaming, which means that they give out fair results through a random number generator that is available on your browser or phone. The casino accepts not only Bitcoins but also traditional currencies like Dollars and Euros.
It is the first Bitcoin casino to use the Lightning Network for instant deposits and withdrawals, which makes them incredibly fast. As if that wasn`t enough, they also have an excellent selection of games by several different game providers. They are licensed by Curacao eGaming.
If you want to play at a casino with a minimal house edge, then this online gambling site is for you! While their competitors are using 2% or even worse house edge, this place offers you easy ways to win 7% or even 91%. Furthermore, they also offer free Bitcoins every hour through their faucet and they are licensed by the Government of Curacao they accept Bitcoin, Litecoin, Dogecoin, Dash, and Monero.
Although you should always check for yourself if the online casino that you’re about to gamble at is reputable, we can wholeheartedly recommend BetChain as one of the top five best Bitcoin casinos out there. If you’re looking for a respectable place where your luck could change in just an instant, BetChain is your go-to!