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Which Cryptocurrency to use for Online Gambling?

How easy it is to have a new and thrilling gambling experience nowadays? Well, you have to go online, and there you have it, simple, fast and easy life-changing experience only a click away. I can’t even begin to describe how much I used to stress about stuff related to internet gambling.

Don’t get me wrong, I love technology and it’s perks. But, sometimes you need time to get some things? Choose the right casino, learn if they are licensed or not, scan all the games that they offer, and so on and so on. Actually, when I think about it, making online payment nowadays is the most natural thing ever –  get a credit card, put money on it, go on the website, create an account, place your card info, pick your game, win and get your money. Simple, right?

And then came the Bitcoin and I was like “Ok…new thing, it will be fun.” Then I heard that there are cryptocurreNCIES, not just a cryptocurreNCY.

Oh, my! And I was like – “OK, back to basics!”

the grafics of cryptocurrency

Cryptocurrency is OK

I’ve heard that many people had problems with understanding this new form of payment, especially popular cryptocurrencies. Furthermore, people had a problem with understanding which cryptocurrency to use, and how to pick one out of the bunch to focus on.

As someone who went through blood and sweat when it comes to an understanding of new payment methods in the online gambling industry, I know which cryptocurrency to use for online gambling for numerous reasons.

Which cryptocurrency to use for online gambling? One word – Bitcoin.

Good to know: Cryptocurrency casinos are a thing nowadays, btw. And they can make your life a whole lot easier.

Digital Currency

When it comes to making deposits and withdrawals on online gambling sites with cryptocurrency, I have a soft heart for Bitcoin. Do you want to know why I choose Bitcoin between other dozens of active cryptocurrencies and why you should too?

Don’t worry. I’m about to share everything I know about this payment method – in a nutshell.

BUT, let’s agree on one first. It can be such a dragging thing to use real money and to share private data that you don’t want even your wife, girlfriend or other people close to you to know.

You don’t really want to over-think about playing games when all you want to do is relax and have some exciting moments online, right? So, about those moments of peace –  that is where cryptocurrencies step in.

the bitcoin

5 Great Reasons to Choose Bitcoin

You Are Safe with Bitcoin

One thing is sure with Bitcoin – you can use it to maintain a level of anonymity previously unavailable to casino players. Safety with Bitcoin means that you and I can send money without sharing our personal info with anyone.

Widely known

Bitcoin made a boom with its appearance, and it paved the path for every other cryptocurrency. As the first cryptocurrency it went through each challenging situation and fixed it first. It is a first-choice with a good reason. Everyone turns to bitcoin when they want to have a good crypto experience.

No Fees

Cutting the middleman between you and the casino that accepts bitcoin means that there are low transaction fees or no fees at all. After all, there is no middleman to take his cut.

Fast Transfers

When you gamble with regular money, it takes up to 5 business days to complete the withdrawal. On the other hand, transactions with Bitcoin are swift, and it takes no more than just 15 minutes to get paid out (if a casino doesn’t have a pending period).

Online Gambling with Bitcoin

Bitcoin gambling is simple. Place your money in Bitcoin wallet (one of many e-wallets available for different digital currencies). You can create your account on cloud wallets such as Coinbase or Blockchain.info with just a few simple steps.

Create an account on the casino’s site, and casino will automatically create e-wallet in your name, with a public address which acts as QR code when you click ‘deposit’ on the site.

Choose your amount of money to deposit and just hit ‘send.’

Sharing is caring and show your love toward amazing miners with some extra fees in your deposit for them because at the end of the day they make all of this cryptocurrency gambling and lifestyle possible.

Withdrawing Bitcoin from your account is extremely simple. Go to ‘Cashier’ section, enter the number of Bitcoins that you want to take home with you and hit ‘Withdraw’ button. If you want Bitcoin directly to your wallet, you’ll be asked to provide your public address, and you can do it by scanning the QR code of your address, or by copying the alphanumeric character string onto it. And please, don’t make your life hard or harder, scan that QR code.

Confirm each step and in a few minutes and money will be in your wallet.

recap of bitcoin

Recap

I wish I could tell you that if you just picked a few of key elements above, you wouldn’t have to move a finger to enjoy a great online gambling experience with cryptocurrencies. But the reality is, you won’t.

You need to do some work by yourself, these are merely instructions, directions for the more accessible path. But, as far as I’m concerned, you will need to make multiple choices, and you will have to put in some effort to make your day go as smoothly as possible.

Think about elements like choosing the right casino or maybe trying some different cryptocurrencies. Furthermore, think again about testing Bitcoin and its perks.

Personally speaking, the goal here is to have fun and not to be covered with papers or cards, but to have a comprehensive gambling online experience, and trust me – Bitcoin can give you that.

What is Gambling Fraud

There are a few different types of fraud when it comes to gambling. Gambling fraud includes both casinos seeking to fix the odds against the player, and also players seeking to gain an illegal edge over casinos or otherwise take their money illegally. There are also different threats when it comes to live gambling and online gambling. These threats are serious, and it is important to be careful, whether you are an owner of a casino or a player.

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