The popularity of bitcoin casino online is growing day by day. It’s connected with the security, as the registration doesn’t require any substantial information about you. Besides, the obvious advantage is in low fees – a few cents compared with a few percents (3-5) for other payment methods. BTC gambling houses offer not only favorite games, but exclusive promotions together with speedy transfers.
What Is Bitcoin?
Bitcoin features a network of financial transactions using the same name cryptocurrency. Every operation is signed with security certificates, which ensures the completeness of the process. You can see it on the block chain, where you can also create a wallet. While you can view the details of the transfer, they are just the address and the amount of the BTCs sent. Everything goes online. Satoshi is the only virtual smallest unit of the value, but you can buy goods and service on the web through them.
How to Get
A person can acquire bitcoins from their family, friends, or online exchanges. There are 3 operating and regulated exchange houses (Rialto) – ANXBTC, Kraken and Localbitcoins. If you are going to use this method, be aware that it can be done almost only through cash or wire transfers. However, it’s the most exposed way to get the currency, as it may require yours identification and link to the bank account. If you want to use a credit card, there are ATMs appearing. As the result, you’ll get the QR-code.
Few Words About Mining
BTCs are produced when miners solve mathematical problems. This is the only way for them to appear. Thereat, its value has no comparison with traditional money. 1 unit worth something between $885-895. The network counts more than 100,000 of active users and their number continuously increases. Therefore, the overall amount of bitcoins has a limit – 21,000,000, which is a substantial sum. But, don’t be afraid, because most transactions contain only Satoshi (0,00000001 part).
Legality
The legal use of bitcoins is a matter of concern for governments and tax agencies. Until recently, the currency wasn’t controlled, as it’s decentralized and doesn’t fall under any jurisdiction. Yet, in 2013 the US regulatory body FinCEN published a guidance on the situations of lawful utilization of BTC. Such a document was issued in accordance with anti-money-laundering principles. Nevertheless, the main fact is that no one can actually take over the network, despite the attempts to do so. Its applying will be legitimate as long as people act so.
Online Casino Games You Can Play with Bitcoin
Currently, even renowned brands begin cooperating with Bitcoin, popularizing this payment method. Operators propose to try slots and table games using BTC and offer Satoshi jackpots. In addition, contributions to this value open special promotions for you. The high-level integration provides exciting possibilities for customers.
BTC Promotions
Avid gamblers know that BTC online casino’ promos are very generous including featured games (Voodoo), depositing and even VIP programs. First topping up, your contributions can bring lavish mBTC bonuses (200-500) in the shape of the match and reload treats. Besides, there are exclusive extras sent to lucky players through emails and gifts for very important clients (TV sets, laptops, etc.).