Over the last few years, Bitcoin casinos have become more mainstream. This is because of the growth in the popularity of cryptocurrencies. Despite their volatility, digital currencies such as Bitcoin still have a large following around the world. At the same time, more people are playing their favourite casino games online. Internet technology has opened the doors for a realistic and equally fun experience online as in physical casinos.
But how do Bitcoin online casinos work? And more importantly, are they any different to normal fiat casinos? Understanding the answers to these two questions is a great way to begin your journey with betting using cryptocurrencies.
In this article, we’ll give you details on what it takes to start playing at a Bitcoin casino and tips on how to pick the best one. Also, we’ll cover whether betting using cryptocurrencies is legal in the United Kingdom. Then, to finish off, we’ll discuss why Bitcoin casinos are better than fiat online casinos.
How to start playing at a Bitcoin casino
Before you start playing casino games using Bitcoin, you need to do some research. In this section of the article, we’ll give you step-by-step details on how to join a Bitcoin casino and bet on your favourite games using this digital currency.
Find a good Bitcoin casino
There are many casinos that accept Bitcoin all over the world. Some only accept cryptocurrencies, while others accept both fiat and crypto. Before you join, just make sure your preferred payment methods are available. For instance, you can find most of the Bitcoin casinos in the market on www.cryptocasinos247.com
Another important thing to check for is the range of games available. Some casinos have thousands of games, but others will have a few dozen. Check out which games are available and from which providers to ensure that your preferred ones are available.
Then other factors, such as the site’s speed and usability, are important for an enjoyable gaming experience. The best Bitcoin casinos understand that customers want a smooth betting experience. At the same time, they’ll also ensure quick and sufficient customer support.
Register an account
When you’ve found a Bitcoin casino that suits your needs, it’s time to register with them. This process is usually very easy and quick. Most casinos require the following from you:
- Your name and username for the account
- An email address that they’ll use to identify your account and communicate with you
- A secure password. This password might need to be a combination of capital letters, numbers and symbols. For added security, you might also be required to have 2-factor authentication.
An email’s sent to you once you provide all the above. That way, the account’s verified.
After creating the account, you might also need to go through a KYC (know your customer) process. This is a legal requirement where you provide proof of identity and residency.
Make a deposit
With your new Bitcoin casino account now active, it’s time to make a deposit. While you can play free games with your new account, you’ll need to add funds to play and win real Bitcoin. To do this, head to the cashier section of your account and click on “Deposit”.
From there, choose Bitcoin as your payment method. You should then copy the casino’s Bitcoin wallet address and then paste it into your account. By doing this, Bitcoin will be transferred from your wallet into the casino.
Find games to play
Now that there are some funds in your Bitcoin casino, it’s time for the real fun. If you’re into slot games, check out what themes appeal the most to you. Or check out the live table games if you’re more of a high-roller player.
Are Bitcoin casinos legal in the U.K?
In 2005, the Gambling Act allowed casinos to operate in the United Kingdom. Players can enjoy their favourite casinos without worrying about breaking the law. When it comes to Bitcoin casinos, these are also legal as long as they adhere to the country’s gambling laws.
So, when looking for a Bitcoin casino, check that they are licensed to operate in the UK. This information is usually available in the footer of the website. You can also check with the UK government’s Gambling Commission to see if the site is registered with them.
Why should you choose Bitcoin casinos over traditional online casinos?
There are many benefits to gambling at a Bitcoin casino. That’s why they’ve continued to grow in popularity all over the UK. But what exactly makes Bitcoin casinos more attractive than fiat casinos?
They are secure
You don’t have to provide private banking details when completing your transactions. The Bitcoin wallet address you’re transferring to is all that’s required. In addition, one of the reasons why Bitcoin has been so successful is because of how tamper-proof the currency is. This adds to the security of using it when transacting in the casino.
There are high transaction limits
Because Bitcoin is decentralized, much higher deposit and withdrawal limits are possible. Both the player and the casino don’t have to worry about banks restricting or delaying large transactions. Therefore, high-rollers can enjoy playing big and winning big when they use Bitcoin casinos.
Instant payments
When you enter your wallet address to make the Bitcoin transaction, the transaction gets completed within a few seconds. This is unlike fiat payments, such as electronic transfers, which might even take days to be completed. So, whether you’re depositing or withdrawing from the casino, Bitcoin ensures that the transactions go through instantly.
OTS News on Social Media