Bitcoin is a form of digital currency developed by Satoshi Nakamoto. It is not printed like other currencies, instead it is produced by businesses using computer power in a distributed network. This network processes transactions and has its own payment network. It is used to buy things electronically.
The major characteristic of Bitcoins is that it is decentralized. There is no institution controlling it like in the case of conventional currencies like dollar, euro, yen etc. It became the first decentralized cryptocurrency in 2009. Cryptocurrency is a medium of exchange using cryptography to secure the transactions and to control the creation of new units.
Bitcoin has a lot features that are making it popular, like it can be set up in few seconds with no fees. It is a fast, anonymous and transparent and the transaction fees is quite less.
Bitcoin is a becoming a popular medium of transaction. A lot of online gaming sites accept Bitcoin offering unique betting games like craps, slots and roulette. Bitcoin casino websites charge relatively low fees to players which makes it more appealing to players to use this mode of payment as against other modes that charge huge fees.
So, why are the gambling sights accepting Bitcoins is a feast for online gamblers around the world? Well, because the ‘crypto-currency’ is beyond the boundaries of any specific country or its monetary policy. Bitcoin activity accounts for a huge portion of online gambling. Another benefit of using Bitcoin in online gambling is that it doesn’t fall under the regulation of US gambling laws.
Best Online Gambling Sites that allow Bitcoins:
A lot of sites now accept Bitcoin as a mode of payment for online gaming. The following are the best ones out of the lot:
SatoshiDice is one of the most popular Bitcoin casino site. It was kept on the name of the founder Satoshi Nakamoto, It was known as ‘The Original Blockchain-based Bitcoin Dice Game’.
Another popular site is Betcoin which on joining as a new player gives you access 3 sign up bonuses. It gives players 100%, 50% and 25% deposit match bonus which get credited instantly.
BitBet is a Bitcoin-only online casino website which has more than 30 games. It has famous games like blackjack, craps and roulette. Bitbet Casino offers the biggest sign up bonuses to Bitcoin users who register as a new player and make your first Bitcoin deposit. It gives them a 200% match bonuses.
mBit is another website that accepts Bitcoins. Players can double their initial deposit when you become a new player. You can gain some free credits after depositing Bitcoins.
Future of Online Casino Bitcoin Games:
Bitcoins give the players more rewards than the conventional currencies. It gives players more credits, extra bonuses,level raises on real time basis which can be withdrawn immediately by the player. The future will see more Bitcoin games being added by online casinos and the player can relax and enjoy their investment growing.