A new trend is emerging within the iGaming sector, which we’re sure will get increasingly popular in the next couple of years: and it goes by the name of Bitcoin gambling! Some UK online casinos are already accepting Bitcoin as a payment method, and many others will soon follow in their footsteps.
Bitcoin is a virtual currency or so-called cryptocurrency that’s already used by over 100,000 people and businesses, and which can be traded without involving a middleman. These businesses now include online Bitcoin casinos, which offer a huge library of slots as well as table games and live casino games to Bitcoin customers.
Most customers buy Bitcoins from certain sites or receive them as payment from someone else. These bitcoins originate from a process called ‘mining’; they are generated by using a Bitcoin ‘miner’ app on a network, at a rate which doesn’t devalue the currency. An e-signature is added once a Bitcoin is mined, making it part of the Bitcoin network and available to be used for effecting payments.
On our site we’ll be featuring several Bitcoin casino reviews to give you an updated list of online casinos that are already offering the Bitcoin payment option. Make sure you play with a secure and reliable Bitcoin casino from our Bitcoin casino list, which also offers special bonuses if you decide to use Bitcoin as your payment method! Yako is one such casino, which we highly recommend for its diversified offer and friendly interface.
Perhaps one of the primary advantages of playing with a Bitcoin casino is that using Bitcoin ensures fast transactions for deposits and withdrawals, and this is coupled with the fact that these transactions remain untaxed, since there is no central authority to regulate Bitcoin purchases. As a payment method, Bitcoin is very secure, because transactions don’t require the transmission of personal or sensitive data, and therefore protects you from identity theft.
Bitcoin casinos have also brought about the ‘provably fair’ concept, thanks to their technology which uses provably fair algorithms to ensure the fairness of each game outcome. The Provably Fair bitcoin system makes it impossible for both the player and the casino to cheat!
Make sure you hang around on our website to be the first to know once another one of partners introduces Bitcoin as a payment method! Read our Bitcoin casino reviews and discover Bitcion casino for yourself!
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