Innovation is incredibly important to the modern gambler, and this is never truer than in the realm of online casino sites. Everywhere that you turn in the industry are bookmakers and casino sites that are trying new things in an effort to bring players in. A lot of these innovations can be taken with a grain of salt, but there are a few that really dig deep – one, in particular, is the bitcoin casino site. There is simply no denying the full impact that these casinos are having on the online gambling world, as bitcoin gambling is taking off.
No matter whether you’re old hat at bitcoin or new to bitcoin as a currency at your favourite bitcoin casino, you’ve come to Freespins.uk.com, which means you’re here to get the best advice possible.
Bitcoin, which is a cryptocurrency, is really making a splash in the world of online gambling because it’s a brand new way of moving money around. Bitcoin casino platforms, like the ones that we showcased above, have opened and are offering bitcoin casino play, bitcoin poker, bitcoin sports betting, and bitcoin gambling in general, sometimes even all in one place. If you aren’t exactly sure what these casino sites, or even what bitcoin in general, is all about, just read to arm yourself with some knowledge.
Understanding what bitcoin is all about
A long time ago, and even today, most people still think of currency in the physical sense, as coins and notes. The Internet, however, is changing that, thanks to the introduction of digital currency. Bitcoin is a cryptocurrency, and it’s the first of its kind to be recognized as a completely digital currency. There is still a lot of uncertainty surrounding bitcoin, even though it hit the mainstream a few years ago.
Officially, bitcoin is a “peer-to-peer cash operating system.” What this means is that it’s not attached to a monetary authority and it’s not centralised to a specific place, which is certainly unique. It was first created in 2009, by a programmer named Satoshi Nakamoto, and was, at first, considered completely useless and irrelevant. Then, suddenly, it exploded in 2012, and is now affected by supply and demand. In fact, it can even be considered comparable to the US Dollar and the British Pound in that sense.
Thanks to prominence and accessibility, bitcoin (along with bitcoin gambling) has really become popular in the past few years. There are now many platforms that accept it as a form of payment, including the bitcoin casino and bitcoin poker sites that we’ve shown you above.
Bringing bitcoin into the fold
When the bitcoin really began to see a surge in popularity, online casinos were quick to jump aboard. Thanks to this, there are tons of great bitcoin casino sites in existence, but the industry did take a little adjustment time. Though the current bitcoin casino market is still significantly smaller than other currency methods, more casinos are opening up every single day, and the growth is there. There are really no major differences between bitcoin casino sites and other casino sites, save for the more adaptive attitudes toward currency. With Freespins.uk.com, you’ll find bitcoin games like bitcoin poker, lotteries, bitcoin sports betting, and bitcoin slot machines, and we’ll be able to point out the bitcoin casinos that are really worth your time and energy.
Serving up the alternative
Online casinos have consistently innovated, and now allow users to be able to be anonymous as they gamble. Instead of going to a casino and dealing with people, players are able to play online as just a username, which protects their real name and their real identity. Players can, however, still be tracked by payment methods, especially if that method is credit or debit cards. However, at a bitcoin casino, users are able to gamble with anonymity, as each transaction is anonymous.
This is really a big factor in the popularity of bitcoin casinos, but there’s much more to bitcoin casinos than just the ability to be anonymous. Another really awesome benefit to using bitcoin transactions is that there is never a fee attached, something that you’ll find occurs often with more traditional payment methods. There’s a whole lot of flexibility involved in using a bitcoin casino, as such they simply aren’t to be ignored in 2017.
More similar than different
While there are a few differences between normal casinos and bitcoin casinos, they aren’t significantly divisive. The games will, however, differ, thanks to how new the bitcoin casino idea is. As a result, there are only a handful of sites that work with major developers, resulting in a smaller amount of games for you. However, these bitcoin games tend to provide a better overall experience, and have been created specifically to provide something different and unique.
There are two main methods when it comes to gambling with bitcoin. You can trade your bitcoin for chips, or you gamble directly with your bitcoin. If you use the latter option, you’ll have to know the decimal rules of cryptocurrency. In general, the more decimal places to a bitcoin number, the smaller the bet. Choosing to buy chips, though, may result in you spending more money.
Ups and downs
In all honesty, bitcoin has managed to solve a lot of the online casino realm’s problems. There are plenty of pros when it comes to gambling at a bitcoin casino, and those above are just the beginning. The big advantage that players really seem to like is the anonymity factor, but there are a few downsides that must be addressed. One of them is a key con, which is the price volatility of the bitcoin. Bitcoin’s price volatility is significantly higher than any other form of currency, which people need to be aware of before they start playing with it. Make sure that you understand the conversion rates before you start gambling at a bitcoin casino.
Freespins.uk.com delivers the very best of bitcoin casino sites!
Hopefully after reading this article, you’ve got a better idea of the true value of a bitcoin casino. Bitcoin casino games offer players a ton of freedom over both their finances and their level of anonymity, which traditional casino websites just can’t offer. When push comes to shove, things have now reached a point where the pros certainly out way the cons when it comes to bitcoin use in general.
If you’re looking for a great experience when it comes to bitcoin gambling, then you’ve come to the right place, as you can go pretty far with a no deposit bonus and a good amount of Freespins.uk.com imparted knowledge!