What is Bitcoin and how does it works?
Bitcoin is a form of electronic cash or cryptocurrency which is decentralized digital currency making possible instant real money transactions across borders. Headed by a single administrator, Bitcoin cryptocurrency can be transferred from peer – to – peer (from one user to another) without the need of any middlemen.Thisdirectly implies that every single transaction done is fully verified via cryptographical nodes. Bitcoin was created in 2008 by a White Paper authored by Satoshi Nakamoto. It was called 'Bitcoin: A Peer – to Peer Electronic Cash System' and this paper implemented the Bitcoin software in 2009 as an open – source code.
- Getting Started with Bitcoin: After installing Bitcoin onto your PC/mobile, your Bitcoin address(s) will be generated. These address(s) work just like an email but Bitcoin addresses are for one time use only for making payments.
- Bitcoin Wallet Balances – Block Chain: Bitcoin wallet transactions depend upon the shared public ledger i.e. Blockchain. Every detail of the payments done via Bitcoins is recorded in Blockchain so that bitcoins are spent only once. This is what makes Bitcoin a very fast and reliable payment method where all the real time transactions are locked in Block Chain.
- Bitcoin Private KeyTransactions and Mining: Private Keys used in Bitcoin wallets refer to the the transfer of Bitcoins between wallets and these transactions gets locked in the Block Chain. Any pending transaction are confirmed within 15 – 20 minutes and are included in the Block Chain through a process called Mining.
How to get Bitcoins?
Like its other banking counterparts, Bitcoin has wallets which can be used to keep a complete record of transactions done for playing online slots/pokies, live casino table games, Video Poker etc. Bonuses and promotional offers at online Bitcoin Casinos are nothing less than a delight for all the players out there. From No Deposit Bonus Offers to Free Spins to Match Deposit Bonuses, Bitcoin Casinos are making sure they don't miss out on anything that other online gambling sites without Bitcoin are offering to its customers.
Bitcoin Cash (BCH) is the top – rated crypto currency in today's day and age. It is now accepted at online casinos as well. In a matter of few simple steps, players can start off using Bitcoin Cash in no time. Follow the steps given below to begin your journey with Bitcoin Wallets:
Download any Bitcoin Wallet
To start using a Bitcoin Wallet, users first need to download a Bitcoin Wallet with one or more Bitcoin addresses. Different Bitcoin Wallets are available for downloading from Apple App Store, Google Play, Android APK, MacOS, Windows and Linux. This wallet is an app using which users can send and receive Bitcoin Cash (BCH). Every other wallet/app has a 'BCH Transactions History' feature, from where users can keep a track of all their transactions made.
Add money in Bitcoin Wallet using Credit Card or PayPal
Users can now add some amount in their downloaded Bitcoin Wallet. Use your VISA or Mastercard credit cards or PayPal to buy Bitcoin Core (BTC) or Bitcoin Cash (BCH) to buy Bitcoin. A linked bank account can also be used to add cash into your Bitcoin Wallet. Users can also get their depositing currency exchanged to Bitcoins with just a click, no matter where they are in the world.
Make Real Money Transactions using Bitcoin to Play Games
Having Bitcoins to make transactions implies that the player/user has access to both 'Public Keys' (Bitcoin Addresses) and 'Private Keys' (passwords). Using a Bitcoin Wallet, users can not only play various online casino games but they can also send and receive BCH.
A list of the most famous Bitcoin wallets is mentioned in the table given below:
Best Bitcoin Wallet / App
|Operating Systems / Devices
||Bitcoin Knots, Bitcoin Core, Bither, Electrum, mSIGNA, Armory, Wasabi, BitPay, Green Address
||Trezor, BitBox, KeepKey, Ledger Nano S
||Bitcoin Wallet, Bither, BitPay, BRD, BTC.com, Coin.Space, Eclair Mobile, Edge, Electrum, GreenBits, Mycelium
||Bither, BitPay, BRD, BTC.com, Coin.Space, Edge, Green Address
||BitGo, BTC.com, Coin.Space
How To Buy Bitcoin?
There are 3 main ways to buy Bitcoin. These are as follows:
Using Bitcoin Exchange
There are numerous places from where players can buy Bitcoin and exchange it for other currencies. International Bitcoin Exchanges provide for a safe and secure environment where players can readily choose a Bitcoin Wallet/App of their choice. Coinbase, Bitstamp, Coinmama and Kraken are some prominent Bitcoin Exchanges used internationally.
By Browsing a P2P Directory
Browsing through a list of Peer – to – Peer Directory will present you with numerous Bitcoin sellers and at almost every seller, there are reviews and feedbacks given so as to ease the players in making a choice. Bisq, Paxful, Hodl Hodl, Local Bitcoins, BitQuick are some of the P2P Directories.
Using a Bitcoin ATM
Users can always visit a local Bitcoin ATM using the Coin ATM Radar which will provide them with the option of buying Bitcoin while being anywhere in the world. Cryptoradars can be used for making price, features and fees comparisons.
BitStarz – An Award Winning Online Bitcoin Casino from Australia
Bitstarz Casino has gained much repute for providing a fine and decent online gambling experience to all its new and existing customers. Rated as the best online casino site, accepting not only Bitcoin and Bitcoin Cash but other cryptocurrencies as well such as Ethereum, Litecoin, Dogecoin. With many popular online and live casino games in its kitty, real money players will put their best foot forward by signing up at Bitstarz Casino. Given below are some highlights of this Australian gambling site:
- First Online Bitcoin Gambling Site
- 1800+ casino games: free online slots, live casino Bitcoin (BTC) games
- Progressive Jackpot Slots paying out in millions
- Faster withdrawals – average cashouts time is 10 minutes
- Speedy verification of player's documents
Bitcoin Casino Games
Playing varied online casino games with Bitcoins might be a new thing for all the gamblers around the world because generally we see most of the casinos using credit/debit cards, e – wallets as their payment methods. There are few if not many online casinos which have brought Bitcoin Core and Bitcoin Cash into the gambling arena. Players just need to deposit real cash funds into their Bitcoin wallet/app and they're good to go straight to the real time gaming window.
All the Bitcoin Casinos present various online and live dealer games which are all 'Provably Fair' implying that players can verify the fairness of outcomes using cryptographics. Players can wager Bitcoin Cash Credits on free online slots/pokies, roulette, blackjack, video poker, online poker, keno, BTC dice etc and win BCH in return. An option of exchanging Bitcoins to other currencies like US$, GBP, Euro etc is also available at every other Bitcoin accepted casino.
Let us now unveil which online and live table/card games can be played at almost every casino supporting Bitcoin as a deposit/withdrawal method.
What type of Bonus and Promotions does online Bitcoin Casinos provide?
Almost every Bitcoin accepted online casino provides some of the best bonus offers to all its new and existing customers. Players just need to register at their favorite casino site and they can opt in to grab whooping promotional offers either for free or by making a minimum deposit. One more thing to be noted is, since Bitcoin accepted casinos are very popular in the USA and Australia, therefore some special bonuses might be reserved at these casinos exclusively for the US and Australian players. To know which bonuses Bitcoin Casino players are awarded with, please read the following text: