Playing casino games from online casinos is easier and more accessible than ever before. Recently, players have been trying out some of the new Bitcoin casinos that are popping up all over the web and these sites let you play casino games such as slots and table games while being able to deposit and withdraw using Bitcoin. We thought we would take a look at some of these new Bitcoin casinos to see what we could find. These definitely won’t suit all types of players but there are some advantages to playing on them.
New Bitcoin Casinos & the Bitcoin
The Bitcoin is a decentralised, digital, peer-to-peer currency that can be used to purchase goods and services. The Bitcoin has risen in value exponentially year-on-year since its release in 2009 and now 1 Bitcoin is worth over £1500. The key to the new Bitcoin casinos is to understand how they work. Depositing for the first time can be tricky but you will soon pick it up after a couple of successful deposits. First of all, you have to have a method for buying Bitcoin. This can be done in a number of ways.
For new Bitcoin casinos buying Bitcoin doesn’t have to be a chore. The key is to find a reputable source of coins and generally, you can use a debit or credit card to purchase them. Additionally, you can use an exchange to buy them from other people. Once you have a method for buying Bitcoin it’s time to download a wallet. A digital wallet is where you will store your Bitcoin for later use. You can find wallets for all devices on most app stores. Once you have a wallet you will be ready to make your first new Bitcoin casinos deposit.
Depositing on New Bitcoin Casinos
Once you have your Bitcoin stored in your wallet it’s time to make your first deposit. This can be done by sending the money from your wallet to the wallet on the new Bitcoin casinos. Then the amount that you have sent will appear on the casino balance on the site that you choose to play from. That’s pretty much it and the same process occurs for the withdrawal on new Bitcoin casinos too. The player will have to send the funds from the lobby balance to the player’s own wallet.
The wallet address to send Bitcoin to and from accounts is usually a long list of letters and numbers. This is known as the address. All Bitcoin transactions are recorded in a ledger called the Blockchain. Once you know how to deposit and withdraw on new Bitcoin casinos the process of playing on these sites becomes a lot easier. We hope our new Bitcoin casinos guide has helped you understand how these sites works. More and more players are beginning to use them because of the additional security offered by using the Bitcoin as opposed to traditional methods.