A mere decade ago, gambling with Bitcoin was not possible as the cryptocurrency had not yet been created. But 2011 was the time when an exciting new phenomenon of Bitcoin gambling took place. This resulted in innovations such as provably fair gaming and betting with Bitcoins on any site that is operated by anyone that accepts Bitcoins.
Since then, there have been numerous Bitcoin casinos springing up every day. The most popular ones are usually huge brands like CaptainCooks casino Canada which are often operated by experienced Bitcoin gambling experts. Let’s have a look at some issues any gambler should know about Bitcoin casinos.
Types of Bitcoin Casinos
There are many different types of Bitcoin casinos, each with their own unique set of features and services. Some of the most common types include:
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traditional online casinos that operate just like their fiat-currency counterparts;
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Bitcoin-only sites where you can only use Bitcoins to play your favorite casino games;
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provably fair sites where you can check that the casino games are fair at all times.
Making Deposits and Withdrawals with Bitcoins
The best way to make a deposit or withdrawal with Bitcoins is by using Bitcoin wallets. These are apps that allow you to send and receive Bitcoins with complete privacy and security, letting you transact anonymously. You can use any of the popular payment processors such as BitPay and Coinbase to receive Bitcoins directly into your wallet. Just be sure that you check out the fees charged by such services before making any deposits or withdrawals with Bitcoins.
Bitcoin Wallet Explained
There are many different types of Bitcoin wallets available today, including desktop, mobile, hardware, and web-based versions. The most popular ones include Coinbase and Blockchain Wallet, both of which enable users to buy and sell Bitcoins at will.
If you wish to start gambling with Bitcoins, then be sure to first use a Bitcoin wallet like the ones mentioned above to store your Bitcoins in. This will ensure that all of your deposits and withdrawals with Bitcoins are completely safe and secure at all times.
In Conclusion
If you’re ready to start gambling with Bitcoins, then make sure that you do plenty of research beforehand. Not only will this help you avoid scams and fraudulent sites, but it will also allow you to find the best sites that offer the highest payouts and the widest range of games and features.
Now that you know all about Bitcoin gambling, why not head to one of your favorite online casinos and start playing with Bitcoins? Choose a strategy and good luck!
