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What is Bitcoin

Since the beginning of Bitcoin in 2009, its popularity as an alternative online currency has grown exponentially, both in the UK and abroad. By far the most popular of any cryptocurrency, Bitcoin is a de-centralised digital currency that was released as an open-source software using a peer-to-peer system to transfer money online. What does this mean in layman terms?

Main Advantages of Bitcoin

• Bitcoin is not controlled by a central bank and doesn’t need the use of an intermediary to complete transactions; effectively cutting out the middle man and ensuring fees and costs are kept to an absolute minimum.
• Rather than being printed like traditional currencies, Bitcoins are kept in a digital wallet on your desktop or mobile device and is “mined” to increase its volume.
• Every time a transaction is completed by a “miner”, they are in-turn rewarded with additional Bitcoins to trade. Bitcoins are able to be bought or sold online, so can easily be converted to your chosen currency.

When used as a players chosen currency on a Bitcoin casino, you still get the exact same gaming experience as you would with any other currency, and there are becoming more and more Bitcoin casino sites out there to play on.

Getting Started With Bitcoin

When you choose a Bitcoin casino in UK, you will first need to select a digital wallet to store your Bitcoins on. The selection varies from mobile or desktop compatible, with some being able to be uploaded on both. It is extremely easy to download an app on your mobile device to use every day, and it is perfect for mobile gaming.

Once your wallet is ready to go, buy some Bitcoins from online ATMs or Bitcoin Exchanges and these will be deposited into your account. When buying or selling online with Bitcoin, transactions are direct from one person to the other so you always have the piece of mind that you can determine what information you want to share and there is no middle man.

Casinos With Bitcoin

Now that you’re ready to play, look for casinos with Bitcoin added as a payment choice. And there are many. Bitcoin casino players receive many online bonuses when registering, just like if you were using traditional currencies. There are no restrictions when it comes to live gaming at new blackjack or poker sites so you still get that authentic experience wherever you choose to play.

Also, a Bitcoin casino is still just as secure when it comes to responsible gaming, as long as you are choosing the best Bitcoin casino online; by this we mean one that is regulated in the UK by the UK Gambling Commission. It is always advisable to check the terms and conditions on any online casino when entering.

Deposit And Withdraw at Bitcoin Casinos

Once your eWallet is loaded with your Bitcoins you are able to deposit in any Bitcoin casino UK by selecting it as your chosen currency. If you need to top up, you can quickly purchase more Bitcoins online to be sent directly to your eWallet, to not delay your gaming experience. And any winnings are extremely quick withdraw when playing with Bitcoin as there is no middle man to go through, i.e a bank, making withdrawals instant and efficient.

Advantages

• Anonymity. Because your Bitcoin is kept in your eWallet, when you make a deposit you are creating an address that could be from anyone, similarly to an email.
• Similarly to the above, since with Bitcoin a new address is generated whenever you need it, it’s not possible to know whom it came from.
• Casinos with Bitcoin always provide security as your financial details are never divulged, only an email address and password are needed to access your eWallet.
• Lastly, the fees are incredibly low compared to other payment methods such as credit cards, no matter how much the value of your transaction.

As with all online casinos, it is always advisable to ensure the casino is regulated and licensed, for example by the UK Gambling Commission. This information is generally found on the footer of the websites homepage.

Disadvantages

The down side is based on the fact that Bitcoin is still a relatively new casino payment system, which will minimise your choices. Not all online casinos are receptive to cryptocurrency yet. Bitcoin is also rather volatile when it comes to its stability as a currency making it not ideal to keep and save.

This can be avoided by buying, using and selling again to avoid fluctuations in currencies. And there is still some great gaming to be had with Bitcoin, you just need to find the best Bitcoin casino online from the many on offer.

Bitcoin Casino Experience: Final Thoughts

Bitcoin, as the leading cryptocurrency online, is progressively becoming more and more popular, with many Bitcoin casino sites becoming available online. Being an extremely efficient and secure currency it has the advantages of being very low in fees, secure from online fraud and a fast way to transfer funds.

When playing at a Bitcoin Casino UK players get the exact same gaming experience that they know and love, with the choice of using a more secure and rewarding currency.

Casinos with Bitcoin are becoming more and more popular with the British punter as they slowly transition away from the traditional printed money and enter the world of cryptocurrency. Lower fees mean more money to spend playing and they make it incredibly easy to obtain an e-wallet online.

There are more and more Bitcoin casino sites opening every day and it’s easy to find the best Bitcoin casino online from all the casinos with Bitcoin, just look around to find the one that fits your needs best.