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What Is Bitcoin And How Can You Use It For Online Games

Written by:
Payton
Published on:
Apr/13/2020

Online games give opportunities for players all around the world to place bets and earn money without having to move from their homes.

One of the common problems is that in some countries, gambling is forbidden or socially unapproved, which makes it challenging to play and win.

Thankfully, Bitcoin offers an exciting solution for this issue, allowing gamblers to continue playing safely. Here you will learn how to use Bitcoin on your online games and which are the best bitcoin casinos available today.

What is Bitcoin?

For many people around the world, cryptocurrency is something still very new. The first cryptocurrency to appear was Bitcoin, a digital currency that could be mined from blockchains. Although its price is still volatile, it is one of the three most valuable assets on the market, together with gold and oil.

Bitcoin is a decentralised cryptocurrency, which means that it doesn't depend on bank entities to validate it. It also allows the exchange and purchase between countries without the complications and currency taxes of exchanging one currency to another.

 

Uses of Bitcoin in online games

More and more online casinos are adding the option to use Bitcoin to make the bets. The reason is simple: using Bitcoins as payment allows the players to stay anonymous, and they won't need to provide their personal information to participate.

Whenever you make a transaction to an online casino from your bank accounts or a deposit to a specific account, you need to give your information to the bank entity and the casino. It becomes a trace that can be trailed, which could give you problems if your country has strict laws around gambling.

Disposing of your personal information that way can also make you a potential victim for online thieves and hackers. Once your information is on the network, unless you transfer it on a peer-to-peer system, it can be easily stolen.

The technology around Bitcoin makes it one of the safest currencies to trade. You don't need to provide personal information to the casino, all you need to do is give them a code that is your Bitcoin e-wallet, and the transaction goes fast from one account to the other. It also saves you from the tedious need to exchange currency to be able to participate in the games. Instead of changing your local currency to USD, you directly use Bitcoin as the leading coin for your transactions, and your winnings will be on the same digital currency, allowing you to keep making bets instantly, without having to wait for confirmation.

With Bitcoin, your bets are validated immediately, while when using credit card or bank accounts, it may take a few days to verify it. Also, casinos can take a long time to pay when you use conventional methods of payment, which can lead to cons and uncomfortable situations. Transactions with Bitcoin take a few minutes, so you can enjoy your earnings as soon as you win them.

 

Best Bitcoin Casinos

Although you can find many online games on the network, not many of them offer the option to use Bitcoins. However, it is more frequent to find now online casinos that accept Bitcoin only. These casinos are safer and more reliable because they offer transparency on their platforms by using Bitcoin as their leading coin.

To avoid cons and fake online casinos, CryptoGamble.Tips can provide you with the best and more secure online bitcoin casinos. It also recommends which games are best for your style of gambling and gives you detailed reviews about each of them.

 

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