Bitcoin Bonuses & Welcome Packages
Bitcoin casinos can offer much larger bonuses, as without major banks involved – their financial transaction costs are basically zero. Aside from that, their bonuses mostly work in the same way as other online casinos do. We picked out some of the best for you to compare, below:
How Bitcoin Works
Bitcoin was born out of the desire to make a payment system free from third party interference between the people who transact – these third parties are banks or debit card companies. With traditional currencies, banks hold onto an electronic ledger of all their customer’s funds and if you want to move money somewhere else – you (or your bank or debit card supplier) have to contact both banks and get them to update their respective books. On each end, there is the opportunity for delays and fees; or possibly even corruption, bankruptcy or worse. With Bitcoin, the ledger is shared as a copy between hundreds or thousands of users and is automatically updated when a transaction occurs. This eliminates the need to go to a bank, government or other third party to make the transfer and ensures it will always remain free (or very close to that). Smart readers may have noticed the problem here – if everyone has their own copy of the ledger, won’t everyone be able to see each other’s details? Well, yes and no. You can see lots of accounts, but no names. All you actually get is a long number – the encrypted key to your bitcoin wallet. This number is also used to generate other key numbers when you make a transaction, to guarantee that it actually came from your wallet. Obviously this is quite reductive, but if you want to learn more about how it works before you invest (or are just curious) there are plenty of educational videos online you can watch!
Best Places to Buy BTC
There’s a lot of choice out there when it comes to buying Bitcoins. Some of the things you may want to think about before making a choice are security, reputation, locality (some banks will blacklist foreign bitcoin exchanges) and how anonymous you want to be. Three BTC exchanges we looked at were:
- Bit Panda
- LUNO
Best Wallets to Store Your Bitcoins
Similarly there are a lot of bitcoin wallets to choose from to. Do you want to use the same company you bought them from, to save time and keep all your info in one place? Again, focus on security, reputation and anonymity. Several bitcoin wallet sites have been hacked in the past, so keep an eye out for top level security features such as triple factor authentication and other technical wizardry. Some reputable bitcoin wallets we found were:
Bitcoins are my new favorite way to deposit to casinos. Although it is a little bit of work to obtain them (Paxful, Localbitcoin, CEX.io, Xcoins.io, etc) and might end up being a bit more expensive than if you were just depositing with your debit/credit card, I like it because it is so instant. If you win, you can withdraw your bitcoins to your wallet and see the transaction posted usually within the hour.
Bitcoins are the easiest way to deposit and withdraw from most all casinos.You an use peer to peer sites to buy bitcoins with amazon cards,western union,moneygram bank deposits and mostly with NO ID. That is the beauty of bitcoins! Using no id can make more players comfortable with playing online without the fear of being ripped off,having their ID stolen,and most often wallets (btc wallets) are secured with a 2 factor security system which makes it even more SECURE than most online transactions,you have so many choices with this crypto currency it's rediculous! Purse.io is actually a place to really bank out with these coins if your looking to cash them into merchandise or if you sell on amazon,I keep going on and on but will end it with google u what you can do with bitcoins/casinos and how easy it is to deposit and cashout and you'll see the difference this can make in your gaming experiences! You can also use big websites and buy them via market pries and or use paypal! So many choices too many to name!
No doubt bitcoin has made the life easier for many of us who play and work in the net. Lower fees and fast transactions are just the main advantages of using that crypto currency and obviously the future belongs to it. Of course many people are concerned about bitcoin great amplitudes in rate sometimes but I think that's just add excitement of using it and let's not forget some people made huge profits from the bitcoin trading. For me it's the future of online payments in any shape.
Bitcoin has made it easy for players anywhere to cash out quickly and easily. Plus with the recent increases in the value of bitcoin, you can make a profit just by holding on to the coin. While most casinos on this list allow bitcoin for deposits and withdrawals, there are a few that only accept bitcoin for deposits, and do not have the option for bitcoin withdrawals. I hope those that dont have bitcoin for withdrawals upgrade soon!
I always use bitcoin now a days BUT buying via peer is BETTER than using all these websites,not unless you want to wait: BUT. again? I tell you it's more expensive.I will give newbies a tip (vet bitcoiner here lol) You need to start with a small amount,and the best option is BANK DEPOSIT! usa players ESP. Do your homework BEFORE joining a website. Paxful and localbitcoins are the most commonly used.
Bitcoin....i wish i understood this, there are many ups such as quick, limited verification...but then theres faucets? i love Bitstarz.. and Mikey and new chat helpers!ive wagered many free spin bonuses and cashed out some reasonable winnings. I find them quick in the chat area and often instant in withdrawals! i love the love at Bitstarz
I absolutely love Bitcoin. So much quicker with deposit and withdrawal. Casinos are awesome. Bonuses are even better. Pick this 100 to 1 without a doubt.
bitcoins were difficult for me to get the hang of at first. but once i finally did, omg! i just cant go back to depositing using credit cards,etc. fast cash outs and no hassle with paperwork.. also, a super plus plus, is the slots that i can play using bitcoins now.
I found out yesterday about Circle not allowing BTC transfers to other wallets. Maybe time to try Coinbase?
I tried making a deposit with my Circle account and message came up I can't send to bitcoin address anymore. I have to send to an email or phone number. I'm waiting for an answer from them. This is just terrible as I can't seem to find another wallet I can use like this
Bitcoin is definitely the best thing to come into USA welcome, online casinos. No hassle deposit / withdrawal. Kiss goodbye those big ($45 & $50) minimum deposits and enormous cashout fees. I finally feel like I'm being treated like any other ordinary gambler and it feels good!
I starts thinking really serious about cryptocurrency cause I feel that its more coins, and more people trying those, earn,.
Bitcoin is the best thing that happend to us.Thank you God on Satoshi Nakamoto <3
Bitcoin is the only way to gamble online if you live in USA. Heads up to any players ready to convert to BTC....take your time learning the value of BTC relative to betting and how a BTC cashout would translate into your currency of choice. :)
Bitstarz is great! they have most friendly support ever, always cheerful and fun to joke a bit with :)
I highly recommend it. easy to use , safe, and anonymity guaranteed.
Bitcoin has the most hassle free withdraws ever. No taxes and totally anonymous (at *playamo, *bitstarz, and *Mbit anyway. Steer clear of casinos asking you for ssn's and mothers maiden name. that's identity theft pure and simple= slots.lv, bovada, ignition!) Bitcoin casinos are my favorite and I wish there were more.
Very impressive payout timeframes and one of the bigges bitcoin casinos. Still, too many shady terms and conditions. Get rid of them, bitcoin means transparency!
superb payment method. I highly recommend it
so far so good hopefully bicoin doesnt get hackēd again that might stop any one from trusting in this currency .i started using rite after the breach in security made me kind of nervous to use but sofar its been good
an awesome banking solution. Especially if you are coming from the US ( knowing all the restrictions placed upon that market ).
Bitcoin is the best!my favorite way of making transactions
Just started using bitcoins today, will see how it goes.
Bitcoin is tricky to get the hang of at first but once you have it, it is one of the cheapest and fastest ways to deposit and withdraw at an online casino