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Bitcoin Casinos
Bitcoin casinos are rapidly becoming very popular, particularly as they accept micropayments and deposits which are much lower than standard online casinos. Bitcoin is a virtual cryptocurrency which has enjoyed a massive increase in popularity due to its anonymity, ease of use and complete independance from traditional banking systems. Bitcoins exist nowhere but in cyberspace, it is mined, traded and transferred entirely between computers.
How Do Bitcoins work?
In order to store Bitcoins you will need a virtual wallet. There are many virtual wallet providers such as Xapo and signing up for one is free. Once you have signed up you will receive a bitcoin wallet address such as this one - 3CzmadDEopbPrRSktLqcwGjG6wrcZGpBJt. You can either purchase bitcoin from a trader, take part in some of the free bitcoin giveaways know as faucets or even set your computer to "mine" bitcoin. One whole bitcoin is worth several hundred dollars so they are broken down into tiny parts - the smallest being a satoshi - which is one hundred millionth of a bitcoin. To put it into perspective $1 is worth about 308,233 Satoshi!
Bitcoin Gambling
One of the benefits (or drawbacks depending on your point of view!) is that Bitcoins are unregulated and anonymous. This means that players from around the world can deposit anonymously at bitcoin casinos with no documentation needed or even in some cases any formal registration as everything is done through your bitcoin wallet address. There have also been some hackings of bitcoin wallets although happily these are rare and seurity has increased since the last wave of attacks.
For the small stakes gambler, Bitcoin has many advantages, as most bitcoin casinos accept deposits of just a few cents but even high stakes gamblers will be happy with some of the generous sign up bonuses on offer at bitcoin casinos.
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BC Casino -20% bonus on every bitcoin deposit
Register with just an email
You win they pay no questions asked
Pay and Cashout with Bitcoin
Secure deposits and rapid withdrawals
No need to send documents
Play from any location in the world. |
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No minimum deposits - fund your account with micro payments No minimum withdrawal so you can take anything in your balance at any time. Each casino chip is worth 1mBTC or 0.001 Bitcoins. Also accepts Visa, Mastercard, Cubits, Neteller, Paysafe, Pugglepay, Skrill and Lavapay. Get a MASSIVE 110% welcome bonus on your first time deposit when you deposit up to 0.5 BTC, 50 USD or 50 Euros.
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MBit Casino
Fully featured Bitcoin gambling site including sportsbetting, casino, live games and live dealers. Claim a 110% bonus on your first deposit, plus join the fantastic VIP program for the opportunity to win great prizes including a trip to the Maldives, a MacBook Pro and an Apple Ipad2. Reload bonuses on subsequent deposits, casino fully llcensed.
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