Gambling Strategies To Follow When Trying To Win In Online Bitcoin Casinos
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One of the best strategies is – finding the best casino sites. While traditional media is just starting to pay attention to cryptocurrency, various gambling portals were thinking hard about its advantages. Many of those online casinos that once ventured to build a business around Bitcoin (or simply add several cryptocurrencies as regular payment methods) are still successfully operating today.
The Best Strategies When Dealing with Bitcoin
- Pick the right online casino
- Choose your game wisely
- Take advantage of the bonus offers
- Look for the games with the best odds
- Mix up your games by playing progressive jackpots
- Look for casinos with a good loyalty program
- Improve your odds by improving your strategy
- Know when to stop playing
- Keep an eye on your bankroll
Of course, the Bitcoin exchange rate greatly influenced the growth of interest in virtual currencies. But even if we ignore the charts with the BTC price, the willingness of representatives of the gambling industry to accept Bitcoin and other cryptocurrencies is very easily explained.
Financially savvy people have paid special attention to several key aspects of digital currencies:
- Payment processing speed
- Cheapness of money transfers
- The ability to transfer small parts of one BTC
- Security and confidentiality of transactions
- Relative independence from the state
It just so happens that each of these points is greatly important in online gambling. Therefore, as soon as the first casinos with Bitcoin slot machines appeared on the Internet, the rest began to realize the indisputable advantages of cryptocurrency for casino games. To find a ton of games that allow bitcoin check out this site with Bitcoin casinos!
Technical features of transaction processing in the Bitcoin network make money transfers very fast. Funds are transferred from one account to another instantly. All that’s left is to just wait for the final confirmation of the transaction by the miners. With the exception of periods of extreme network load, this procedure takes about 10 minutes.
Speaking of miners, transferring funds via Bitcoin is also much cheaper. The player himself specifies the amount of the “miner” commission for each transfer. If we compare these pennies with the possible costs of commissions from banks, payment systems, and all sorts of intermediaries when transferring traditional fiat currencies, cryptocurrency seems to be a particularly profitable solution.
For an ordinary online casino user, this can be a double benefit. Firstly, they will be able to save on deposits and withdrawals. Secondly, gambling portals themselves will lose less profit on commissions, which allows them to offer players more intriguing bonuses.
Perhaps the most obvious advantage of Bitcoin games is the privacy of the player. There is no personal data about the owner of the cryptocurrency on the Bitcoin network. They are not sent together with wallet addresses or public keys. many Bitcoin casinos do not even require special personal information from users — and if they do, it is only to comply with legal procedures.
Why Bitcoin?
There are a number of reasons why you should use bitcoins to deposit and withdraw funds in an online casino. Quite a few important reasons:
- Instant transactions
- Cheapness of processing
- Transaction reliability
- Anonymity
Amazingly, according to the latest statistics, 50-60% of all bitcoin transactions over the Internet are related to online games. This indicates the pace at which bitcoin casinos are gaining momentum and gaining popularity among online players. If you are new to Bitcoin casinos, you might want to learn more about how to speed up withdrawals. Read the following material to find out how to use your winnings faster.
What are Bitcoins?
Bitcoin is an intangible, digital currency, which is also called cryptocurrency. Bitcoin became the first cryptocurrency of all time, having first appeared in 2009. Since then, the bitcoin exchange rate has been rising and falling, but today it has gained a reputation as a currency that should be taken into account. It has many advantages over traditional currency, in particular, it eliminates any intermediaries so that bitcoin transactions are made between individuals and are practically not associated with any processing or transaction fees.
Withdrawal of Funds from Bitcoin Casino
Before proceeding to the specific actions that will need to be performed in order to withdraw bitcoins from the casino, it is obvious that you will first need to accumulate a certain amount of winnings in your online bitcoin casino account. After that, everything will consist only in transferring these bitcoins from point A to point B, that is, from your bitcoin casino account to your bitcoin wallet.
When it comes to bitcoins, one of the advantages of using them over traditional currencies, especially in an online casino environment, is the fact that your winnings will be reflected in the account and will be ready for withdrawal immediately. Starting from this point, you can take the steps described below to withdraw your winnings (these are general guidelines that you should apply in most bitcoin casinos since the architecture of Internet sites and the withdrawal process remains standard throughout the industry).
Step One
Log in to your account: Using your details, i.e. username and password, log in to your Bitcoin casino account and go to the withdrawal section.
Step Two
In the withdrawal section, you will need to enter the address of your bitcoin wallet. Since you first had to create a bitcoin wallet to make a deposit and play, then you already have this information at your fingertips, and if not, just open another browser window, log in to your bitcoin wallet and find your bitcoin wallet address in it.
Step Three
How much do you want? – At this stage, you will need to enter the amount you want to withdraw and confirm it. After successfully completing this step, you should receive a confirmation of the withdrawal of funds in the form of the transaction ID (identification number).
When playing for the first couple of times using Bitcoin, it’s recommended to learn the guide to Bitcoin online casinos.
Advantages of a Bitcoin Casino
- Bitcoin does not have a central bank and it cannot be controlled in any way. All operations are carried out by network members. For casino players, Bitcoin is good, first of all, by the anonymity of payments.
- Payments from an online casino on Bitcoin occur almost instantly.
- Anyone can become the owner of bitcoins.
- Complete anonymity of transactions. You are given a code from an arbitrary sequence of 27-34 Latin letters and numbers. This is enough for transactions.
- No commissions or minimum bid. A lot of deposit and withdrawal transactions are made in casinos using Bitcoin.
- The absence of commissions is an undoubted plus.
- Transfer to anywhere in the world will take no more than 10 minutes.
- To pay the bill, you do not need payment cards – just scan the QR code to accept the payment or create your own for scanning.
- Top-level cryptography protection – nothing can destroy the system except the disappearance of the Internet around the world.
- The account cannot be blocked or stolen in any way.
- There are no limits on transaction amounts.
- Complete confidentiality of payments and no need to declare and pay taxes on winnings.
