Bitcoin was created in 2009 by anonymous person using the alias “Satoshi Nakamoto”. What started as a curiosity for nerds quickly became the worlds first – and most popular – cryptocurrency. That is, a digital currency.
Why Bitcoins? Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.
Bitcoins have come to conquer the financial world and even though cryptocurrencies are still surrounded by a shade of doubts, casinos have welcomed this notorious currency open-handedly. Why? Because casinos know their players value privacy and often wish to stay anonymous. That’s why Bitcoins have become a very popular payment method in many casinos and every month, new and new online gambling sites adopt Bitcoin as a recommended deposit method.
Playing in a casino can be an exhilarating experience itself, but gambling in a Bitcoin casino with cryptocurrencies takes that adrenaline rush to another level. Besides trying to get the luck on your side, Bitcoin is a notoriously volatile currency which means you might either end up with a larger chunk of BTC’s in your wallet or instead get a much lower value for your crypto coins.
Aside from volatility, Bitcoin is in many ways very similar to traditional payment methods. Since you don’t need to use any third parties or other functionalities to make the transfer and the money travels literally from wallet to wallet, it’s much safer than paying, for example, with a credit card. Bitcoin payments are in a way very similar to making physical transactions, but instead of handing over cash, you hand over crypto coins.
Best Bitcoin casinos have all the games you would expect any good online casino to have. You can play blackjack, hundreds of slots machines, poker, keno, baccarat, roulette or any other casino game just like you would anywhere else.
There are a few things you should know before you head out to the bitcoin casino of your choosing and start to gamble.
- Never ever give your Bitcoin wallet’s private key to anyone
- Gamble with only the money you’re willing to lose
- Make sure the casino is provably fair
- See if the casino is licenced, and where (preferrably in EU)
- Don’t take it too seriously
PS. Did you know that Bitcoin is open source? That means you can quite literally download the whole system behind Bitcoin to your own computer. While that might not be useful, the major upside is anyone can, and have, done so in order to verify and audit Bitcoin.