Bitcoin Casinos Reviews
How to choose the best Bitcoin Casino?
The adoption of Bitcoin has spread to different businesses, ranging from online product sales services to casinos and gambling. There are many good casinos on the Internet, although not all meet the expectations of privacy, awards or policies, which is why it is necessary to do a deep search on how these sites work and what conditions they establish to use the service. Considering that you can use BTC Casinos, it is imperative that you know how to choose the best Bitcoin Casino and can enjoy your experience to the fullest.
To answer that question, you have to take into account some aspects of the Bitcoin Casino in question.
Making sure it has decent customer support service
Since Bitcoin Casino platforms involve deposits and trying your luck with your money, it is necessary to have a customer support team to be able to instantly clarify any doubts. If the casino in which you are putting your money is not quick to solve your concerns as a user, maybe you should look for a bit more reliable Bitcoin Casino.
The customer service team is usually in charge of solving problems regarding withdrawals, service complaints, and doubts regarding how the platform works, which is why it is one of the most important pillars of this kind of business.
Bitcoin Prizes and withdrawals
There are many casinos where you can win fabulous prizes but they do not allow the withdrawal of your winnings in cryptocurrencies but through an account in the United States, so if you do not have an account that you can use to receive the money, you will not have alternatives to claim your money.
The best Bitcoin Bitcoin casinos allow you to withdraw your profits in cryptocurrencies (and not just BTC).
Also, pay attention to what type of prizes they offer and the currency in which they do it, since winning prizes in fiat currency will make us have to go to an exchange / wallet service and pay commissions to buy BTC.
Good Promotions
One of the things that increases the competition between the best Bitcoin casinos is the rewards they offer on their platforms. The better prizes a Bitcoin casino offers, the more opportunity it has to attract more people and that is very convenient for the winner. It is recommended that the user explore the available promotions and the size of the prizes when choosing the best Bitcoin casino
Reputation
Bitcoin Casinos are known for having strong privacy features for their users and not telling too much information about the business as a company. However, there are BTC Casino platforms that have been running for years and are reviewed as legitimate services for countless users.
Security
Every good crypto gambling platform has to have a decent security system, especially considering how much hackers love to hack Bitcoin casinos. These sites should be designed to protect users’ funds and avoid any kind of security breaches.
5 Reasons why Gambling with Bitcoin is better:
Bitcoin casinos are a relatively new phenomenon, but they are quickly becoming the preferred choice for online gambling websites. So why do so many players move to gambling with Bitcoin? There are many reasons why people turn to Bitcoin, but here are the five most important ones for online gamblers:
1. Speed
It is not uncommon to have to sometimes wait for a payout in a typical online casino days, or weeks. Sometimes the payment takes even months. It is not always the fault of the casino, because your bank might not serve you with online casino transactions. In addition, the company, which performs the payment, has a great risk. Credit Card fraud is one, and they have therefore often to perform draconian precautions with the payments.
Bitcoin payments can not be undone after a very short period of time has elapsed. The Bitcoin casinos can therefore credit your account immediately after payment and send you your winnings when you initiate the payment. The difference is like night and day when a big win hovers somewhere and you’re wondering what happened to the money!
2. Anonymity
Bitcoin gives you the option to remain relatibely anonymous if you play online. In contrast, you must include your name, address, credit card details and other personal information, sometimes your Social Security Number (!) to disclose if you play in regular Online Casinos. In some Bitcoin casinos, not even an e-mail address will be needed. Bitcoin is not completely anonymous though, rather pseudonymous. If you want to be completely anonymous, choose a Casino which supports a anonymous crypto currency like Monero for example.
3. Fairness
How can you be sure that the game is fair, especially when it seems that the dealer gets the good cards? The cryptographic Bitcoin innovations have proven the concept of fairness (provably fair) was introduced, which was used for the first time Bitzino 2012 and has been adopted by all major Bitcoin casinos since then.
We have written a more detailed description on our own demonstrably fair side, but in brief we can say that the system uses cryptographic hashes with which the deck Digital “cut” is before you start the game. This will ensure that the casino software and the players do not know how the arrangement of the cards in the deck before the game is.
This is a insurance that they confirmed to have a fair game.
4. Value
The Bitcoin casinos save the credit card fees and are proven to offer fair games, which means that they do not require expensive Certificates from third parties. These savings are then passed on to the players often in the form of better rates and more generous bonus offers or placement programs.
In addition, there are the lower access restrictions, more choice and more innovative games for the casino players.
5. Transparency
The openness of the block chain affects all businesses that are built upon. Many people believe that Bitcoin will lead to a new era of transparent business operations and Bitcoin casinos are no exception. Apart form that, the supply of Bitcoin can not be inflated by anyone – not even the most powerful governments. This makes Bitcoin a perfect store of value for the digital age – like Gold was for the past 6000 years – Bitcoin is the digital store of value which can not be inflated or created out of thin air. If you win Bitcoin in one of the Bitcoin Casinos listed above, you will get a digital token which will likely rise massively in value over the next years.
Why should I use a Bitcoin gaming site rather than one featuring traditional payment methods?
There are many reasons to use a Bitcoin gaming site rather than using one featuring traditional payment methods; the most important reasons are listed below:
- Bitcoin Casinos are very fast in terms of their withdrawals and deposits.
- You pay it anonymously with just one email address to create your casino account.
- You secure your credit cards and other bank information from any kind of fraud.
- There is no payment processing fee in any transaction of Bitcoins such as, sending, receiving and others.
- You get a complete control over your funds by using bitcoin encrypted currency
How can you prove that all Casino Games are fair?
It is very difficult to prove that all games are fair but you can verify your games by taking the following steps:
- A random secret seed is generated and then encrypted into a hash code by the server
- The hashed code of the server seed is sent to player
- The player inputs a random client seed.
- Both seeds are mixed up through an encrypted function to create the result.
- For client verification, the server seed is revealed to the player again to check.
- Different bitcoin games will require different mechanism to verify whether game is fair or not.
What are Bitcoin?
Bitcoin is a form of digital money created and controlled through digital encryption techniques. It is a peer to peer monetary transaction system, which is free from the centralized bank. The generation, transfer and verification of digital money between two peers occur through open-source software without any involvement of middleman or centralized banking body.
What is a Bitcoin Wallet?
The bitcoin wallet is an electronic account to receive, send and hold the encrypted currency. You can create your bitcoin wallet through two ways different methods either by installing crypto currency software on your computer hard drive or, registering for online bitcoin wallet with any web based service provider like www.blockchain.info. Both kinds of wallets have their own merits and demerits in terms of security and safety. If you want to be on the safe side, choose a hardware wallet and don´t trust them to a third party. “Not your keys – not your Bitcoin” is a very common phrase in this field.