Shariar Porosh Posted May 17, 2021 Report Share Posted May 17, 2021 Benefits of gambling with Bitcoin Bitcoin is often talked about due to its high volatility (variability) such as soaring and falling, but it is said that it is actually very compatible with online gambling such as online casinos and sports books. One of them is that "identity verification is not required". Why is that possible? In this article, we will explain the advantages of Bitcoin in online gambling, how to deposit and withdraw with Bitcoin, how to use a gambling site specializing in virtual currencies, and points to be aware of. http://www.globaliconews.com/wp-content/uploads/2021/04/bitcoin-gamble.jpg What are the benefits of Bitcoin in gambling? Bitcoin is a digital currency that uses blockchain (decentralized ledger) technology. Unlike currencies issued by countries, there is no country or organization that issues them. Cryptocurrencies are recorded and stored directly on the computers of the users, creating a system that does not require organizational management. This has several advantages for use in online gambling. Quick deposits and withdrawals, low fees One is that Bitcoin can be sent quickly and cheaply anywhere in the world. Therefore, you can make deposits and withdrawals at online casinos quickly. For example, the usual deposit / withdrawal method is "Onkaji-> Payment service-> User", and there is an "intermediate company" such as a credit card, electronic wallet, or bank between the Onkaji and the user. As a result, it costs a fee and it takes time to settle, but since Bitcoin allows direct communication between users and online players, although there are differences, this problem has been solved. Transaction transparency and security And the other point is high traceability. For example, if a fraudulent transaction is detected somewhere, Bitcoin will be distributed to each user and there will be a ledger, making it impossible to operate the system and steal money. Some people may be worried about entering their credit card information on the gambling site, but Bitcoin has a system that does not allow fraudulent transactions. With Bitcoin, online gambling "identity verification" may not be necessary One of the bottlenecks in gambling online is "identity verification." Because gambling sites handle money, you are usually required to verify your identity to withdraw from your account. In order to be authenticated, you will also need to submit an ID card and a copy of your phone number, address and, in some cases, the credit card you used to make the deposit. If you are an on-kaji or bookmaker who has acquired an online gambling operation license and operates it steadily, sufficient security measures are taken, but it is a service operated by overseas companies on the Internet There is no change. No matter how much Japanese language support is provided by major online players, there are many people who feel uneasy about uploading personal information. For such people, we recommend using "Bitcoin" and "BitCasino" to enjoy online casinos. Onkaji "Bit Casino" that does not require identity verification BitCasino was opened in 2014 as the first gambling site to introduce deposits and withdrawals in virtual currencies such as Bitcoin in earnest. One of the selling points of BitCasino is that "identity verification is not required". Basically, you can enjoy online gambling just by registering your email address and date of birth. BitCasino describes cryptocurrencies as "built from scratch using incredibly complex algorithms and cryptography, and the information is anonymized but verifiable and secure." This proves the "high traceability" introduced earlier and the high encryption of the character string "bitcoin address" issued when actually exchanging bitcoin between the bit casino and the user. It is nothing but because it is. Bitcoin is "no need to verify your identity + you can play with a quick and cheap fee" from the user side, and "you can lower the threshold for playing" on the onkaji side as well. It is a very useful deposit and withdrawal method. Many gambling sites allow deposits and withdrawals in virtual currencies such as Bitcoin and Ethereum, but most game currencies are legal tenders such as USD and EUR. However, Bit Casino has the feature that you can bet the deposited Bitcoin as it is. Things to keep in mind when gambling with Bitcoin Although not limited to use on gambling sites, all you need to send Bitcoin is an alphanumeric Bitcoin address. If you make a mistake and send money, the amount you sent will not be returned regardless of whether the address exists or not. It's easy and convenient to deposit and withdraw money from a gambling site with Bitcoin, but be sure to copy and paste and be careful not to make a mistake! Link to comment Share on other sites More sharing options...
Guest cowboyman Posted May 20, 2021 Report Share Posted May 20, 2021 I'd say it's a bit risky, but it's worth trying because if you end up winning, there's a lot of profit involved. Link to comment Share on other sites More sharing options...
Guest BiG_Mackenzie Posted May 20, 2021 Report Share Posted May 20, 2021 There are many casinos like this Link to comment Share on other sites More sharing options...
samrich Posted June 22, 2021 Report Share Posted June 22, 2021 everyone loves bonuses, not just in casinos Link to comment Share on other sites More sharing options...
Guest Epicollapse Posted June 30, 2021 Report Share Posted June 30, 2021 I could not be entirely sure that it is not cheating. For several years now, I play only in proven casinos, and I do not want to run into scammers. So, I advise you to visit the site https://www.bollybet.com and enjoy amazing online games in real-time with an exclusive streaming casino. There you can chat with professional and live dealers to get the most realistic gaming experience possible. With real tables, real dealers, and real-time play, you'll find these games that will keep you entertained for hours right on your phone or tablet! I wish you good luck. Link to comment Share on other sites More sharing options...
BillShiphr Posted August 3, 2021 Report Share Posted August 3, 2021 Hi mate, there are many benefits to use Bitcoins when you are gambling, the first of all you are able to win Bitcoins in every game but if you lose gambling here are bitcoin casino promotions https://www.theladycrypto.com/promotions/ just to help you to keep gambling and having fun in there, if you play smart and watch carefully every move, maybe you can become rich. Link to comment Share on other sites More sharing options...
FillSmith Posted September 4, 2021 Report Share Posted September 4, 2021 I dont know, i never played on casino with crypto money Link to comment Share on other sites More sharing options...
mervita Posted October 26, 2021 Report Share Posted October 26, 2021 Thanks for sharing! Link to comment Share on other sites More sharing options...
JessicaBosworth Posted November 12, 2021 Report Share Posted November 12, 2021 I think this is interesting, this is exactly what most licensed cryptocurrency casinos do, and it is licensed, and therefore honest. If you play in such casinos, then you and your money are safe. For example, when I play online casino at the Jennycasino.com and win, I know for sure that the winnings will be withdrawn to my card, and at the appointed time, and this means that you can play games safely at Bitcoin casinos. Link to comment Share on other sites More sharing options...
Metzger Posted December 9, 2021 Report Share Posted December 9, 2021 thank!!! Link to comment Share on other sites More sharing options...
mlawson71 Posted February 23, 2022 Report Share Posted February 23, 2022 With Bitcoin's popularity increasing so much is it surprising that Bitcoin casinos are also becoming more numerous? There are many reasons why using them is practical - it's a safe and fast payment method, there is no middle man involved with the transaction, etc. No wonder people are turning to such casinos. Link to comment Share on other sites More sharing options...
goldman Posted March 21, 2022 Report Share Posted March 21, 2022 On the one hand TS right. On the other don't forget about difficulties. I was trying to setup wallet and installed it on my laptop because PC wasn't powerfull enough. It took several days before I could use it. Link to comment Share on other sites More sharing options...
Mimi Romani Posted July 4, 2022 Report Share Posted July 4, 2022 It’s a new concept for me. But it looks interesting. Link to comment Share on other sites More sharing options...
Patrick Montgomery Posted July 19, 2022 Report Share Posted July 19, 2022 That’s interesting! I am planning to do it but I lack information that I might need to start gambling. Can someone help me with the basic information? Link to comment Share on other sites More sharing options...
Sassitude Posted July 21, 2022 Report Share Posted July 21, 2022 I don’t think it’s a good idea to depend too much on gambling. It may get good results once or twice but there is no guarantee of how it will turn out to be in the future. Bitcoin is expensive and you better think before using it. Link to comment Share on other sites More sharing options...
Seismograph Posted December 9, 2022 Report Share Posted December 9, 2022 You have to be really lucky for gambling. What makes it riskier is the fact that if you ever make losses, you will not be able to find out what went wrong. You have to be a risk taker to become a gambler. Link to comment Share on other sites More sharing options...
lilona Posted Monday at 03:42 PM Report Share Posted Monday at 03:42 PM Thanks Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now