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Bitcoin as Payment Method at Online Casinos

November 8, 2019 Posted in News, Payments by No Comments

Gaming has risen over the 20th and especially 21st centuries, most notably online gaming. With the integration of the internet into our daily lives, it comes as no surprise that even the most mundane tasks are now conducted via an internet connection. Online Casinos are among the fastest rising online activities and even that method is advancing. Normally with the use of a debit card and ID verification, one can begin playing but a new growing method is to use Bitcoin. 

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Bitcoin is a cryptocurrency that processes financial transactions just like any other form of currency. To go into further detail, cryptocurrency is a form of asset backed by the use of cryptology, the studying of codes. In other words, cryptocurrency is digital money and is essentially more valuable than regular paper currency depending on the brand. Bitcoin specifically is worth NZ$14,667.21 for every one Bitcoin! In order to get started on the buying process, one must first create a Bitcoin wallet. There are many sites that walk you through the process of creating a wallet that are easy to access with some minor research.

After ensuring the site is credible, a wallet is then created and buying Bitcoin is now possible. There are numerous sites that make buying Bitcoin a painless process with again minor research via search engine. After purchasing is complete, the bitcoin is stored in the wallet and its ready to be used.

There are numerous online casinos but the key is finding the right one for your needs. Many online Casinos offer numerous bonuses to new users so that is most certainly something to take advantage of, whether its extra reel spins, bonus payouts or adding a bonus to whatever you deposit. Using Bitcoin at these online casinos comes in handy when it comes to deposits processing instantaneously due to there needing to be little verification due to the anonymity with Bitcoin.

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Each Bitcoin wallet has its own unique code as opposed to having to insert personal information that can be compromised by malicious software and/or security breaches. This is crucial, especially when dealing with financial situations such as making deposits before playing. This option allows players to be at ease and enjoy their gaming with as little stress as possible. Bitcoin is also beneficial due to being easier to keep track of spending since you’re dealing with a smaller number as opposed to larger sums from normal currency. Overall, Bitcoin’s influence over the internet and gaming has allowed many to transition to a smoother and overall safer means of transactions.