The bitcoin currency has been around for close to a decade. However, it was considered a money laundering tool, and it has only begun to be accepted as a legit currency quite recently. While the BTC, which is an online cryptocurrency, is not the only crypto available, it is the most common.
The BTC can thank the online gambling platform for its grown fame because the online gambling industry was among the first to start trading using the Bitcoin currency. This is when the currency was accepted as a viable tool for a transaction. The online gambling platform adopted the BTC because:
- There is no transaction fee required when trading with the Bitcoin. This was good for both the casino and the player because they were both rid of extra charges. It also increases the payouts the clients receive.
- The identity of the player is kept anonymous
- The payment is non-reversible. This is good for the casino and not for the client.
- Using the crypto currency for a transaction is safer because the encryption is done using the military encryption codes.
Popular Bitcoin Casinos
Just like standard currency casinos, it is important that you fully investigate a casino before you place your BTC bet with it. The casino needs to be a safe place for you, they have to be fair and trustworthy with a great customer support system. Remember cryptocurrency transactions with casinos are irreversible. It is imperative that you make that transfer with the surety of the safety of your currency. Some of the best known Bitcoin casinos include:
- Mbit casino
- Bitstarz casino
- Megawins Casino
The bonus packages online houses offer their clients also go a long way in making them appear in this list.
Bitcoin Bonus Review
Just like casinos that operate using standard currencies, there are BTC casino bonuses as well. In comparison, the incentives by cryptocurrency gaming establishments may just be better than those of the other gaming houses. The various establishments’ bonuses are classified under the following;
Also known as the sign-up or the first deposit bonus, this reward is issued to new players who are signing up with the casino for the first time. This incentive is usually the most handsome with houses often giving up 100% match up amounts. This means that if you deposit 0.6 BTC, you would get another 0.6 BTC making you total amount 1.2btc. In some instances, you will receive the match up bonus plus free spins on crypto slots. The welcome bonus is valid for a certain period, and it’s therefore important to claim your crypto in good time.
This incentive is awarded whenever you make a Bitcoin deposit to your account. Every time you deposit some amount into your account, the amount is topped up by a percentage, usually smaller than the bonus amount awarded to new clients in the welcome bonus. This one is great when you are trying to play the jackpot.
These are given by most if not all casinos. While the number of free spins issued is lower than that issued in the welcome bonus, some casinos try to award them depending on the game you are playing at the establishment. In order to fully enjoy the free spins, sign up with a gambling site that offers this bonus weekly. This you can know by reading through the bonuses offered by bitcoins in their reviews.
This is awarded to you if you invite a friend to sign up with the casino you are playing at. The friend must make a deposit for you to receive it. Some casinos set a limit on the number of bonuses you can receive for inviting new members while others will just keep awarding you.
No deposit Bonus
The Bitcoin casino no deposit bonus is not offered by many gambling sites. It is therefore advised that you sign up with the platform anytime you find this type of reward on offer. This incentive differs from the welcome bonus in that you cannot cash out. King Billy, Red Stag, Drake and other online casinos offer no deposit bitcoin bonus from time to time.
Playing in Bitcoin Casinos
To play in a bitcoin casino will require that you have bitcoins. To begin your bitcoin transaction, you will be required to set up a wallet where your BTC will be stored. Once your wallet is set, it will be linked to your bank account through where you will buy BTC using standard currencies from either the Bitcoin faucets or from other people. Once you have bought the BTC, the BTC will be deposited at the casino. You can then enjoy your gambling. Remember, the exchange website is under the SSL encryption. The wallet and you key are under the AES-256 encryption.
Cryptocurrency gaming sites are the future. Their safety and their ability to preserve a client’s anonymity makes them a better option to these regular casinos.