Bitcoin Online Gambling
Bitcoin will go down in history as one of the most important inventions of our time and the impact this new technology is having has never been seen on this scale before. It has changed the finance model but it does not stop that as some of the worlds oldest industries such as gambling are experiencing a change like never before. The blockchain and crypto enable casino platforms to offer new ways to gamble that provide great rewards along with an incentive to risk your money for financial gain.
How Bitcoin Gambling Online Works
Gambling using bitcoin or any other crypto works the same as real money betting but there are a number of things that cryptocurrencies are able to offer that enhances the experience. The first is due to allowing for transparency of each bet via the public ledge that for the first time gives gamers true provably fair odds. Not only that but the house edge is much reduced due to automation saving passed onto players via betting odds. Games that have had set odds for centuries can now be played with lower house edges which is a fundamental change in the system.
How To Place A Bet Using Bitcoin
The first thing you must do if you want to gamble using Bitcoin is to set up a wallet so that you can own, store, receive and spend BTC. There are countless apps available for this that can be downloaded and set up in a single click. Just make sure that you add all the extra layers of securities such as two-factor authentication so that your money is safe.
Once you have purchased Bitcoin you will then need to find a trusted and recommended crypto casino website. When searching for the best make sure to look out for welcome offers that give rewards for sign up. Two of the promos you should think about using are the BetChain free spins bonus and the 1 x slots deposit bonus code. Both of these give extra when you make a purchase at the site so make sure you can enjoy big promotions by searching for coupon codes online.
Once you have joined a bitcoin casino and claimed the free bonus on offer you then need to decide if you wish to deposit for real. It is a good idea to use multiple bonuses at a wide range of crypto gambling platforms so that you can compare. Make sure to use the free play version if it is available first so that you can try out the library of games to find your favorite along with mastering the rules.
It is fast and simple to cash out at a bitcoin casino as this is one of the main advantages they hold over real money casinos. All you are required to do is to enter your BTC wallet address in the withdrawal section of the site and press submit. Within a few minutes you will see the transaction show up in your wallet and as soon as confirmed by the network you can spend.