Bitcoin is one of the most interesting innovations around at the moment, and as a payment method, has revolutionised the world of online gaming and shopping. Bitcoins are an open source, crypto currency based on bitcoin protocol. This peer-to-peer digital currency has become a popular way of making instant payments across various online accounts. The most important feature of bitcoins is that this currency is not regulated by any central agency such as the central bank. This makes it a perfect match for online gaming and gambling sites as it offers much needed anonymity and safety of funds. These days, bitcoins are increasingly used to fund casino accounts.
How can bitcoins be used for funding casino accounts?
Making payments using bitcoins is a slightly complex process. You first need to purchase bitcoins, and store them in your wallet. The wallet is in fact a client that you install on to your system, and which records all the transactions. The price at which you get to buy Bitcoins is completely based on demand-supply dynamics, similar to the way stock market works. Once you have got enough bitcoins in your wallet you can use them to fund your casino account.
There are only a few casinos that accept bitcoins as a method of payment, so all you have to do is look for one such casino, go to the cashier page, select bitcoin option, log on to the bitcoin client/wallet by entering id and password, and transfer the fund. Popular casinos that accept bitcoins include Switch poker, Bitzino, and many others. The funds get credited to your casino account instantly. Bitcoins can be used for withdrawals as well.
What are the benefits of using bitcoins or funding casino accounts?
Instant credits: Bitcoins are probably one of the fastest way to fund casino accounts. Once you transfer bitcoins to your casino account, you get credits almost instantly or within hours. With bitcoins, even withdrawals take as less as a few hours.
Cost effective: With bitcoins, you can make casino deposits at no additional cost. For withdrawals, the transaction fee may be as low as .0031 percent. This makes it one of the cheapest way of depositing and receiving funds.
Anonymous: Bitcoins are not regulated by any central authority, and nor is your personal information stored anywhere. So, you can use bitcoins to make anonymous and secure payments.
Are there any limitations of using bitcoins for making payments to casinos?
Bitcoins are fast becoming popular, but their use is still not widespread. Not many casinos accept bitcoins, so you need to do some research to find out casinos that allow you to pay in bitcoins. The currency itself is also complicated and users could gain or lose Bitcoins based on the current market value.
Bitcoin is a digital, alternate currency, which is fast becoming popular as a method to fund online casinos. This crypto currency works on peer-peer technology, and can be used for making instant deposits into casino accounts. They are not regulated by any central authority, so they can be used to make anonymous and secure payments. However, their use is still not widespread, and not all casinos accept it as a mode of payment.
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