Bitcoin Casinos and Bookmakers: The Road To Understanding

With the emergence of BTC casinos, people are wondering how it differs from ordinary casinos. The currency being used is the main difference. An ordinary casino would accept major currencies like EUR, British Pound, USD and others, while Bitcoin casinos prefer Bitcoin as the medium of exchange and also measure of value.

They also differ from the mechanism of transaction used. Bitcoin casinos do not use credit cards or banks for that matter. Digital coin wallets are much safer than credit or debit cards. The Bitcoin private keys are safely stored in the cloud or in other offline storage. You can access the keys instantly if needed.

Getting Started with BTC Gambling

You can use Bitcoin to gamble at any Bitcoin-friendly gambling sites. In transferring your digital money, you can use these two trusted sites Coinbase.com and Blockchain.com. These sites have different function and purpose to help you fund your online casino account.

Coinbase is the simplest and the most secure way to purchase bitcoins using various funding methods. Blockchain.com is an intermediary site that will add another level of anonymity and security.

To help you get started with Bitcoin gambling here is one of the fastest deposit and withdrawal options for an online casino.

Step #1 Sign up at Coinbase.com

After your email address got verified, you will be asked to provide your phone number, to get access to two-factor authentication to your account.

Step #2 Link your debit card account

You will need to provide your account and routing number to the bank account you will use to buy and sell Bitcoin.

How Bitcoin Betting Works?

Step #3 Purchase your Bitcoin

Click on “Buy/Sell” and choose “Buy” and “Bitcoin” in the main screen. Type the amount you want to buy to send from your bank account. If you are not sure, you can enter the amount of Bitcoin you want to buy. Then click buy and confirm and you will get your purchase.

It is best to send your Bitcoin to Blockchain after buying and when cashing out from an online gambling website. But you need to make an account in Blockchain.com by clicking “Sign up” or “Create Your Wallet.”

Before joining any Bitcoin online gambling site it is best to inquire first for their terms and conditions. It is important to ask about it so you will not have any problem in cashing out your winnings.

How Bitcoin Betting Works?

Now that you have some Bitcoins, you need to find a bookmaker and start betting. You can choose from different options available, however, some are not safe enough. Search for the best BTC bookmakers by checking out what their offers are.

Step #1 Register a Bitcoin Bookmaker Account

Registering is easy, all you need to do is to provide them with your email address, password and date of birth. This means you are anonymous while playing.

Step #2 Fund Your Bitcoin Account

Get your Bitcoin address from the sportsbook, then open your wallet in Coinbase and login then send money to it. It will direct you to the page where you can send money. Paste the Bitcoin address you got from the bookmaker. Then type the amount you wish to deposit and click Send Funds. You will see another confirmation screen, continue and send the funds.

Step #3 Choose a Market and Place a Bet

Bitcoin bookmakers are the same as the ordinary online sportsbooks. You can choose from different sports and events on their sites. Pick the one you need and you will find out the available market and odds. You can place your adds that simple.

The Popularity of Bitcoin Bookmaker

There are lots of reasons why Bitcoin’s popularity continue to rise. One is because the Bitcoin network is not controlled by any organization or person. Machines that generate Bitcoin works with other machines to make the Bitcoin network.

Setting up the Bitcoin account is easy and are much easier than opening a bank account. No questions asked or fees will be charged. You are also not required to provide your personal information. Transferring your money is fast and easy with minimal transaction fees.

The rise in popularity of Bitcoin is due to the many uses it has and it includes online gambling. The number of sports betting websites using this cryptocurrency is increasing.

Which Bookmaker Accepts Bitcoin?

Which Bookmaker Accepts Bitcoin?

Bookmakers and casinos accepting Bitcoin are increasing. The number of websites is expected to increase even more in the future. Some of the Bitcoin bookmakers 2019 and online casinos are as follow:

  • • 1xBit
  • • 7bit Casino
  • • BetOnline
  • • Bitstarz Casino
  • • Bovada Casino
  • • Lincoln Casino
  • • Netbet
  • • Slots.LV
  • • Sloto Cash

Tips on Choosing the Best Bitcoin Casino

In choosing the best Bitcoin casino to play gamblers should focus on the following characteristics and features:

1. Reputation and regulation

Be careful in choosing the Bitcoin betting sites since there are some companies that might scam you out. Trust only the operators with a solid reputation and has licensed from gambling commission.

2. Quality of the Product

Some sites have poor graphics or long loading times. This quality of the product can spoil your gambling experience. Good thing there are lots of poker rooms, sportsbooks and casinos that work with Bitcoin and offer better quality.

3. Bonuses and Promotions

There are lots of sites that offer Bitcoin casino no deposit bonus and other bonuses and promotions that gamers cannot resist.

4. Other aspects

You also need to consider the customer support service, the process of withdrawing your winnings, and if it has a good mobile version.

The Benefits of Reading Our BTC Casino Reviews

If you check the different Bitcoin gambling sites, you will discover that they come in many forms, like poker sites, casinos with video slot machines and live dealers, sports betting and dice. We have written our own BTC casino reviews to keep the gamblers up to date and inform them about the best sites for bitcoin gambling. Our main goal is to help you decide which site to trust by thoroughly researching and play on every bitcoin casino site and use our personal experiences to provide accurate reviews of each site.

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