Bitcoin is undeniably the most well-known crypto-currency in the cyber world. Due to its limitless advantages of convenience and benefits, bitcoins quickly made its way to utmost popularity. Satoshi Nakamoto introduced Bitcoin in January 2009 and now, it has captured the limelight of different fields from online shopping, hotel and restaurants, up to online betting. Surely, these incredible digital coins rouse your interests and curiosity. Hence, this Bitcoin Guide will give you a helping hand to know more about bitcoins as well as the perks of using these virtual coins to online gambling at a Bitcoin casino.
Table of Contents
For sure, you have read about the basics as well as advantages you can have by using Bitcoins. Instant transactions as it gets exchanged via peer to peer method, full anonymity, and worldwide payments are just some of Bitcoin’s boons. That’s why you must be excited to have and experience its wonders. To make this possible, of course, you have to get bitcoins. Getting bitcoins can be done in several ways and this Bitcoin guide will show you how.
Two ways to get bitcoin
Have Bitcoins for Free
Getting bitcoins for free is the first thing this Bitcoin Guide will tackle. There are free Bitcoin casino sites, of course, but the most popular way of getting free bitcoins is by ‘mining’. In this process, you have to verify the blocks in Block Chain Transactions. To do this, you must solve some algorithms. However, you do not have to worry as there is bitcoin network software available to do the works. You can earn big amount of bitcoins up to 25 BTC in this process; however, this can be difficult and often compared to the literal mining for gold. There are other easier ways available like watching videos, visiting websites, and bitcoin faucet. However, you can only earn relatively small amount of bitcoins here. Furthermore, you can also get bitcoins from other users via peer-to-peer method.
Next for this Bitcoin Guide is on how to get bitcoins in faster and more convenient way – by buying it. The price of bitcoin varies from time to time depending upon the exchange rate. First thing you need to do is make a bitcoin wallet for you to have a personal wallet address. After that, you can go to Bitcoin trade markets like Mt.Gox as well as Trade Hills to buy bitcoins from available trades. The transaction usually takes few days as you need to make the payment to the bank and they need some time to process it. After the transaction is complete, you’re more than free to use your bitcoins.
Why Bitcoin is perfect for online betting
This is the last thing this Bitcoin Guide will dwell on. One of the known fields to utilize bitcoins is online gambling. With this, online betting experience has improved and gives the players nothing but the finest service of convenience. There are several good reasons why bitcoin is perfect for online betting.
First is that bitcoin made the transactions in online casinos and betting sites almost instantly. Deposits, withdrawals, as well as payouts are now possible within few minutes. The players just have to send the required amount of bitcoins to the address. They can also scan the QR code to transfer their bets. If they win, they will automatically receive the payouts.
Second perks you can have in betting with bitcoins is full anonymity. Most bitcoin betting brands offer ‘no account required’ features; hence, personal credentials are not necessary here. You need to provide a username, password, and email address if you need to register. Most of the time, your email address will become handy for recovering passwords.
Last but not the least is that it allowed players to bet on Bitcoin games wherever part of the globe they are in. Since bitcoins are anonymous there is no way for any third party to control its transactions; however, as a responsible player, it is a must to know and be accountable enough to the law implemented in the country you are in.