Bitcoin is rapidly growing and developing online currency which is now used in lots of services, including gambling websites. Owing to it gamblers from every corner of the Earth can deposit money safely and quickly. Bitcoin solves such problems as big fees, restricted countries and long and slow transactions - all these disadvantages are left in the past.
This payment option is relatively young and became available only in 2009. Although it is not as popular as older methods like electronic wallets or credit cards, the army of its admirers continues growing day by day - this method is fully protected and doesn’t require any personal information.
Not all online casinos offer such an option as payment using Bitcoins - there is a limited amount of resources where you can use this cryptocurrency. Let’s see what are the peculiarities of this kind of currency and how it differs from habitual payment variants.
Cryptocurrency consists of your real money converted into their virtual variant, so that it can be used for online payment operations. You can exchange money in special points or buy bitcoins on special websites - Cubits for example. One great advantage of bitcoins is that they can be changed into any currency - this feature makes them very convenient for travellers. There is a list of e-wallets using bitcoins - it includes such wallets as BitGo, Copay, Bitcoin Walle and others. To see the full list, visit the official website of currency.
If your online casino accepts Bitcoins, then in order to start using them, select this method in the list of available banking options. Note that there are certain limits which you should consider before making deposit. Usually bitcoins are compared with dollars, so your limits may vary, for example from 10 to 4000 dollars.
The rate of conversion (dollars to bitcoins) is constantly changing, so before you start working with bitcoins check the actual course online.
So, among ungovernable advantage of bitcoins we can mention the anonymity of the method, availability in “restricted” countries (which are not usually accepted by online casinos) and wide variety of services which can be paid using them. But there are still not so many casinos accepting them, and the usage of this cryptocurrency may seem to be difficult for newbies - there is too much information to study before you start using bitcoins as payment method.
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