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Not sure how Bitcoin works? Click here to learn more about Bitcoin. Now that you know what Bitcoin is and also what a Bitcoin casino is, let us take a look at online and mobile casino gambling using Bitcoins.
Bitcoin gambling is rapidly becoming popular. More and more players are nowadays using Bitcoin to make deposits and withdrawals at online casinos that accept it, and the reasons are not very hard to fathom.
The advantages that Bitcoin offers are too good to ignore. The best thing about Bitcoin online and mobile casino gambling is that you do not miss out on any of the fun and excitement that you experience at a standard online casino.
You get an entire range of games to choose from including slots, table games, card games, video poker, specialty games and even live dealer games.
At some casinos you will find progressive jackpot games as well. The game range you get depends on the casino you are at and the software provider or providers it is powered by.
Most of the leading online casino software providers offer their games at Bitcoin casinos. All games are conducted fairly, as mentioned earlier.
However, just to be doubly sure you can read up on the reputation of the Bitcoin casinos online before signing up with any of them.
All you have to do is read the reviews and pick the one that suits your needs best. One of the things that make Bitcoin casinos so popular among players is that you get the same promotions as at any other online casino.
The added advantage is a super-fast payout timeframe. All the usual bonuses are there, and some casinos even offer special bonuses for opting to pay in Bitcoins.
At quite a few Bitcoin casinos you get cool no deposit bonuses. All the standard no deposit bonuses are there at these casinos:.
Standard no deposit bonuses: You get a nominal amount of money, usually up to R, as a bonus on signing up.
You do not have to even deposit funds to claim this bonus. Free spins no deposit bonus: You get a specific number of free spins that you can use to play a specific slot or range of slots.
The slot s covered by the bonus are mentioned usually in the promotional information. All players at Bitcoin casinos get deposit bonuses. New players get them as part of the welcome bonus package.
The casino matches your deposit with one of its own. The match deposit is offered usually on the first deposit.
However, nowadays a number of Bitcoin casinos are offering it across multiple deposits, usually up to the first 3 or even 5 deposits.
A good example of this is Yebo casino, which offers a welcome bonus of up to R on the first 3 deposits. Some Bitcoin casinos go one step further by offering the match deposit bonus in combination with the free spins bonus.
The casino matches your deposit and also gives you a specific number of free spins on a specific slot or range of slots.
You see this kind of bonus at 24VIP casino: These are deposit bonuses that are offered to a player once he has run through his welcome bonus package.
Sometimes a free spins component is attached along with the deposit bonus. A cashback bonus allows a player to recover some of the losses incurred through wagering for real money over a specific period.
A casino can offer it once a month, weekly or even daily. Casinos offer referral bonuses to players for referring their friends. The bonus is available once the friend the player has referred signs up for real money play and makes his first deposit.
Bitcoin casinos are great because they offer one of the quickest ways of depositing and also withdrawing funds — by using Bitcoins as currency.
Bitcoin transactions are fast and anonymous. Since Bitcoins are not regulated by government authority or financial institutions, it is all yours to use as you want.
There are no transaction fees involved, except a minimum fee. That is one of the main reasons why, in a country like South Africa where gambling laws are still vague in many areas, Bitcoin is rapidly becoming a very viable solution for players.
Making payments with Bitcoins is easy: You are then provided a Bitcoin address. Once you make a payment you are required to confirm it, which takes a maximum of an hour.
Once the payment is confirmed the money reaches your account; it is that quick. Basically there are two things you need to make a Bitcoin payment: Bitcoins and a Bitcoin wallet.
The Bitcoin wallet is where you can store your Bitcoins. There are a number of different Bitcoin wallets available online; you can download one of them to your computer, laptop or mobile device.
There are also online wallets that you can use by opening them directly from your computer or smartphone.
One of the most reliable is Blockchain; it cannot see your balance or even transactions regardless of the number of transactions you make. Another kind of Bitcoin wallets are the hardware wallets; these are highly secure.
Log in to a Bitcoin casino. Select Bitcoin as the preferred currency for payment from the list of payment methods provided.
On the resulting screen, enter the amount of Bitcoins you want to deposit. Follow the instructions on the subsequent screens and finally click Submit to confirm the payment.
The process for withdrawing using Bitcoins is more or less the same as it is for depositing. There is just one additional step: You can do this by one of the following steps:.
Once you have entered the public key address, confirm the transaction. The Bitcoins are transferred to your Bitcoin wallet instantly. Is Online Gambling Legal?
Bitcoin Casinos One of the biggest problem areas for players at online casinos has been the time taken for withdrawals to reach them.
All games at Bitcoin casinos are provably fair. We will discuss the concept of provably fair in a little more detail later. The game range may include a few special games that are offered to promote the casino.
These are usually games you may not find at a regular casino. There may be a special bonus, e. They have all kind of games and they were one of the first casinos accepting bitcoin.
Temporary free spins! Although digital currencies have a reputation for being complicated, the process of acquiring Bitcoin is fairly straightforward.
The most important aspect is to ensure that you obtain your Bitcoin from a reputable source. There are a number of well-known Bitcoin exchange services available.
It is worth looking around online to find the one with the best reputation or that suits your needs.
It is also possible to obtain Bitcoin through bank transfer, payment vouchers, credit cards or e-wallets. The price of Bitcoin fluctuates a great deal, so make sure that you do your research before taking the plunge.
This to ensure that you are getting the best price. When you use Bitcoin with online casinos, there may be a processing fee to pay.
This is usually low and compares favourably with the charges you can expect when using credit cards or other methods of banking.
As soon as you have set up your account with the casino, you will be able to make Bitcoin payments. Any casino that accepts Bitcoin will make it simple for you to make your deposits and withdrawals.
They will usually have an FAQ section and a full guide covering the steps involved in Bitcoin transactions. Once you are familiar with how it works, the process of putting money into your account using Bitcoin is quick and easy.
Transactions are usually complete in a few minutes and your money is then available to use on the casino games of your choice.
One of the advantages of Bitcoin online casinos is that unlike regular online casinos, which are sometimes restricted to residents of particular countries, most Bitcoin casinos can be accessed and played by South Africans.
Bitcoin also offers a more convenient currency option than exchanging Rand for dollars, which can often be an expensive transaction.
The standard Bitcoin casino will provide players with the familiar choice of casino games. Which should not be significantly different from those you would find at any South African casinos.
As far as security and fairness goes, Bitcoin is one of the safest currencies you can use. Reputable Bitcoin casinos employ testable fair protocols and the latest in banking industry-standard encryption, to ensure your gaming experience is safe.
Using Bitcoin to play online casino games provides players with a number of advantages.