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In the bright world of gambling, there is always a place for something new. New games, new soft providers, new features and new payment methods. Today, bitcoin casinos are gaining momentum. While some of the casinos are now accepting bitcoins as one of the payment methods, other ones handle Bitcoins only.
Bitcoin is the cryptocurrency or, to make it simple, the electronic currency. With this virtual money users now have no need to pay interests to banks as they are not involved in the payment process anymore. The Bitcoins value is policed by the miners — users who create Bitcoins using their computer and mathematics. You can use Bitcoins to make payments, buy goods on the Internet or make deposits in the best online real money casino sites.
The first step is to create the online wallet where your Bitcoins will be stored. There are several kinds of Bitcoin wallets and the difference is explained on bitcoin. This is also where the wallet can be created. Now, when you have a wallet, you need something to put there. You can get Bitcoins directly from another user, buy them from one of the online resellers or exchange from the bank account.
The last step is to find a trusted Bitcoin casino and make your first deposit. There are many advantages of using this cryptocurrency:.
Yes, some of the countries have already made the Bitcoin casino legal. If you are looking for a bitcoin casino, USA is one of the countries where you can already do it. Completely, until you handle them carefully. All of your Bitcoins are stored in your virtual wallet that you can either keep online in the cloud services or offline on your computer or flash drive. The thing is, if you lose that flash drive, you will lose your Bitcoins too.
Making Bitcoin deposits is just as easy as it would be with your usual credit card or any kind of e-wallet. The first step is, obviously, to create a Bitcoin wallet. When you are done, go to one of your favorite Bitcoin casinos or read our the best casino online reviews first and choose Bitcoin as your depositing method. Then you will need to enter the amount you want to deposit and your Bitcoin address — the set of number and letters used to identify your account.
After you enter the amount you want to withdraw and your Bitcoin address, the money will be transferred to your Bitcoin wallet. As banks are not included in the Bitcoin payment system, you are not paying anything extra to one of them.
The house edge in most of the Bitcoin casinos is about 1. Unfortunately, there are not too many casinos where you can make a Bitcoin deposit yet but we still have something to offer you. One of the most famous Bitcoin casinos is the Bodog casino. The Bodog even has a special Bitcoin casino bonus that will be offered to you when you make your first deposit.
Both of them have pretty impressive sets of games and are safe and reliable. Due to the special country regulations, all the Bitcoin operators in Canada should be registered in a special way which makes this payment process not that easy anymore. Today, there is not a single casino online Canada that accepts Bitcoins but there is still a hope that the situation will change. This Casino is restricted in your country, here are 3 best casinos for you: What is Bitcoin and how does it work?
How to setup a Bitcoin account? What are the advantages of using Bitcoins? There are many advantages of using this cryptocurrency: Bitcoins are completely safe to use. If you keep your wallet in a safe place in a reliable cloud service or on your own hard-drive there is no way it can be hacked or stolen; The banks are now not involved in the payment process so you are not paying any additional fees; When you use Bitcoins for gambling transactions, the house edge is a little bit lower than usual.
Really, I can play in online casinos with Bitcoins? How to make Bitcoin deposits? How to withdraw Bitcoins? Are there any commission fees? What is the house edge in Bitcoin casinos? What are the casinos accepting Bitcoins as the payment method? Can I use Bitcoin to gamble in Canada?