When you gamble online, or even in real life, you gamble with your money, your hard earned cash. Well, did you know that you can also gamble with Bitcoin, a form of cryptocurrency? There are many advantages to using Bitcoin for online gambling rather than ‘real’ money; it’s quicker, easier and allows a particular aspect of anonymity for players too, which is an appealing factor. So how do you go about gambling with Bitcoin?
To get started, you obviously need a reasonable amount of Bitcoins to gamble with, and also a secure Bitcoin wallet to keep them in. Then you can get gambling straight away; it isn’t too dissimilar to gambling with ordinary money- the only significant difference is with deposits and withdrawals.
Because Bitcoins don’t go through financial companies or banks, there is next to no fees for making withdrawals and deposits when bitcoin gambling. If there is a price to pay, then it is only a very small one- probably the lowest one you’d come across in the industry. Another advantage to using Bitcoin currency is that all transactions made using Bitcoins are encrypted, meaning that there’s no real trace of them. This allows a certain amount of anonymity, which is appreciated by a lot of players, and mostly it means that while you’re gambling for real money, you don’t have to use real money and no one ever has to know anything about you.
Furthermore, deposits and withdrawals happen a whole lot faster when players gamble with Bitcoin too. Again, thanks to the fact you don’t have to go through a bank to process the transaction, it all happens instantly rather than taking a set amount of working days. Once you’ve made yourself a member of a Bitcoin casino, just add the address of the site to your Bitcoin wallet and save it- transactions made in future with this site will happen instantly.