A detailed look into the concept of Bitcoin and its use in the online casino industry. Find a Bitcoin online casino and learn how to remain safe while banking online with the revolutionary crypto currency.
Crypto currencies have been a raging topic of discussion for some years now. Bitcoin is easily the most popular and the most valuable of all the cryptos, but just a few years ago hardly anyone had heard about it. Today, Bitcoin is used in one way or another in many different industries and online casino industry is one of them.
If you are a crypto currency fan and you like to be as anonymous as possible, Bitcoin allows you to make safe and relatively anonymous payments all over the internet. A growing number of online casinos are introducing Bitcoin as an alternative method of payments, ensuring the safety of casino players by protecting their banking information.
What is Bitcoin?
Back in 2009 when it was first invented, Bitcoin was just an idea that didn’t seem like it would catch on in any major way. Used by very small groups of niche users, Bitcoin was destined to stay anonymous. However, as time went on, the digital currency concept appealed to many and quickly gave birth to a whole host of new uses for Bitcoin.
Digital currency is a great idea in its essence as it transcends borders and countries and allows users from all over the world to use a single currency in a fast and easy way. Additionally, Bitcoin is safe and anonymous which is something of a rarity in this time of mass surveillance and data mining.
While many users see Bitcoin as their salvation from the prying eyes of their governments, the governments all over the world are worried about regulating and keeping an eye on the Bitcoin. This has given way to much debate in many circles and the fate of Bitcoin still seems to be long from decided.
Bitcoin in Online Gaming
When it comes to online casino gaming, there is no doubt that this is an area where Bitcoin has a role to play. With so many players looking to fly under the radar and keep their play anonymous, Bitcoin is a great tool to use for this purpose.
Bitcoin allows players to make deposits and cashouts without pinging banks, government institutions or any other parties of what the player is doing. This way, a player can actually stay anonymous, which has been a dream of so many players over the years.
An increasing number of online casinos is now accepting Bitcoin as a payment method as they have realized that many players much prefer the instability of the Bitcoin over the constant surveillance and the extra attention that banks and other institutions tend to give those who play online casino games.
Find Your Bitcoin Casino
There are many online casinos that allow Bitcoin deposits and accept UK players. At Online Casino Reports (OCR) UK, we try to make sure we always keep our players updated on everything that is happening in the online casino industry, which is why we bring you reviews of the top online casinos with Bitcoin as well.
You can choose one of the dozens of online casinos that accept Bitcoin if your intention is to make Bitcoin deposits, but remember to always read our review before you join. There are many online casinos out there that use poor business practices and we always make sure to tell you which ones to steer clear of.
This does not mean that there are no reliable Bitcoin online casinos. In fact, our list of online casinos for UK players contains many well rated online casinos that will let you play using Bitcoin deposits, so just be careful and choose a site with a good reputation.
How Do I Use Bitcoin?
If you are new to the concept of Bitcoin, you might need a bit of a kick start before you make your first Bitcoin deposit. Once you have signed up with an online casino that accepts Bitcoin deposits, you will need to get your hands on some of the digital currency first.
Fortunately, acquiring Bitcoin nowadays is not difficult, as there are many exchange sites where you can purchase Bitcoin using a wide range of payment methods. Once you buy Bitcoin, it will be transferred into your unique wallet. From here, you can deposit the Bitcoin into any online casino or other site of your choosing.
When you are buying Bitcoin, be just as careful as you are when choosing an online casino to play at. Make sure you go to an exchange site with good reputation and purchase Bitcoin in a safe place where no one is looking to scam you. The internet can be a dangerous place, so make sure to be extra cautious when you jump into the Bitcoin game.