Bitcoin has gradually grown in popularity over the years, even with the controversial twists and turns the digital currency sometimes experiences. Today, there are thousands of online vendors of all types that offer customers the ability to pay with bitcoin. This trend can also be seen in the world of online gambling. Playing at bitcoin casinos can have a number of advantages and more and more online casino players are choosing to use bitcoin, although some of these players continue to use traditional currencies as well. In this article, we hope to help you to choose the best bitcoin casino for you, and introduce you to some new information about bitcoin gambling.
A Bit About Bitcoin
Bitcoin was created in 2008 by Satoshi Nakamoto and is known today as a “cryptocurrency”, meaning that it’s a digital currency that’s controlled, converted and processed using complex algorithms that safeguard users from theft of any type. Another central characteristic of bitcoin is that unlike other currencies, it’s universal and is not linked to any government. On one hand, this makes bitcoin a threat to established banks and can make it seem quite unpredictable. On the other, there are no transaction fees, and it’s a very safe way to manage funds online as every transaction requires the “approval” of a number of external users.
Bitcoin can also be mined. This means that anyone can choose to generate bitcoins which can then be saved in a bitcoin wallet. To mine bitcoin, you basically lend your computer to the bitcoin network so it can take on part of the load of all the transaction approvals. In return for helping process the transactions, you’re rewarded with bitcoins.
The reality with bitcoin mining is that in order to really earn from this process, you need a very efficient computer setup which makes it a bit more complicated than just letting your computer run and earn you some money in the process. If you’re interested in learning more about the concept behind bitcoin and how the whole network works, including how to mine bitcoins, be sure to visit the official bitcoin website: bitcoin.org. It’s a great source for everything bitcoin.
As bitcoin continues to prove itself as a reliable and cheap way to perform online transactions, more and more online casinos are offering the currency as a means to make deposits and place bets. It’s not only casinos that are becoming more open to the cryptocurrency. Sports betting sites and online poker rooms are also starting to adopt bitcoin and offer its use to customers. The great thing about bitcoin is that there are no transaction fees placed on either side of a payment. For example, when you make a deposit at a casino, neither you or the casino will have to pay a credit card company or payment method company. This also means that casinos are starting to prefer bitcoin players, and are beginning to offer amazing bonuses and benefits to bitcoin players.
Is Gambling Online with Bitcoin Legal?
Yes. Since online gambling is legal in Canada, and since bitcoin is a legal currency, using bitcoin to play online is legal too.
Choosing the Best Bitcoin Casino
Like with other online casinos, what you consider to be the best bitcoin casino might be different to what other players are saying. That’s fine since we don’t all like the same types of games or casino atmosphere. There are, however, some basic things that you should always consider when using bitcoin at a casino. First of all, always try to verify that the casino is trustworthy. The bitcoin casinos we recommend here are all well-known brands, but there are other sites that might be involved in fraudulent activities so it’s best that you don’t take a chance. A lot of the safe and secure bitcoin casinos are licensed under the Curacao eGaming license so look for casinos licensed by Curacao as this is a good sign.
Regarding games, there is often a big difference between the game variety offered by different bitcoin casinos. We can happily say that more developers are starting to work with bitcoin so you shouldn’t have trouble finding popular games by the leading software companies such as Microgaming and NetEnt.
Top Bitcoin Casinos for Canadians
Two of the most well-known bitcoin casinos are BitStarz and BitCasino, but there are already lots more options out there. If you’re looking for NetEnt games, you should check out Oshi Casino and Playamo Casino. If you’re in the mood for some Microgaming action, LimoPlay Casino is the place to play with Bitcoin. We’ll adding more bitcoin casinos to this list on a regular basis so be sure to come back to this page soon. Check this hot offer below.
Bitcoin Casino Games
As mentioned above, the bigger casino game developers are now entering the bitcoin arena. As they do, the variety of top quality bitcoin casino games increases. Microgaming and NetEnt are both already providing access to bitcoin-based gaming and other big developers are following suit. This means that whether you’re a slots fan, blackjack shark, or roulette player, you’ll be able to find good quality bitcoin-supported casino games today. Even live casino games are now offering bitcoin play.
Bitcoin has constantly been in and out of favor with financial analysts and other experts, but the truth is that the currency continues to develop. More and more people are opting to use bitcoin for their personal transaction needs while businesses are also jumping on the bandwagon to offer bitcoin as a legitimate way to purchase their products or services. It’s been a rocky ride so far, but it does seem that bitcoin has the staying power to become a currency used by a lot of households. This trend is spilling over into the world of online casino entertainment. As of today, all the major forms of online casino gaming from card and table games to slots and live casino can all be accessed using bitcoin. Online sports books and poker sites are also already offering players the ability to wager with bitcoin. We’re quite sure that as time goes by we’re going to be seeing a lot more online casinos offering the digital currency.