If you want to play inside a crypto casino then you have many different choices available online. Cryptocurrency is becoming more and more popular around the world and one of the main areas of growth for this is with gambling crypto. There are some online casinos that accept bitcoin ant other crypto specifically, while others accept that alongside other currencies, giving you the choice to play how you like. If you want to play in best casinos online without crypto check our Best Online Casino List for 2019.
Buying cryptocurrency can be a little daunting to those doing it for the first time, but if you read up and understand what to do before then this becomes an easy transaction to make. With your own crypto wallet, you will be able to buy and transfer funds as you need to, and that includes depositing or withdrawing into a casino or betting account.
When you have transferred the funds, playing inside a crypto gambling sites is exactly the same as playing in a regular casino, except you are playing in cryptocurrency and if you win you will be paid out in those. This means that you will quickly be able to find the betting markets or casino games you are used to using and placing your bets on these, in the hope of landing a big cryptocurrency win on casino bitcoins. Enjoy our rating with best crypto gambling sites and choose best new bitcoin casinos.
What is Cryptocurrency?
Cryptocurrency is something that has appeared over the last few years, and now that more and more people trust it, there is no doubt that it is becoming more popular. Cryptocurrency is something that can be exchanged between people, just like regular currency can, although cryptocurrency is in the digital world, not the real world. The reason why cryptocurrency was invented was to allow people to make secure online transactions with their money, using one single currency, no matter where you are in the world.
This makes it an alternative payment method to cash, and other regular payment methods such as cards and cheques. Another big reason why it was invented was to take out the need for third-party banks. When you send someone cryptocurrency, you do not need a bank to facilitate the transaction, instead, you can securely transfer it between the two parties without going through a bank.
Another benefit to using cryptocurrency is that without the bank getting involved there is no need for credit scores or checks on you. This means you can remain anonymous during the transaction if you do not want the other person to know who you are. There are a lot of crypto currencies, the main are Bitcoin, Ethereum, EOS, Ripple XRP, Litecoin.
Cryptocurrency also has no fees associated with it, which means if you are sending money between two different countries, you won’t face the fees that are associated with the payment normally. When you transfer between countries and using different currencies you will be charged a fee by the bank for processing that, but that does not happen with cryptocurrency, which is why many people use it for that. In summary, cryptocurrency is still a relatively new way of paying for items online. The transactions are secure, and by using cryptocurrency you no longer need banks to act as a third party and be involved in the transaction. This means the fee attached is far lower than what you would be paying to transfer other standard currency from one country to another. The other big reason for use is security, which is provided by blockchain technology. This is a network of computers that have an identical copy of the database and they change the records as and when required when people agree, which is what makes the transaction happen between the two parties.
If you have heard a little bit about cryptocurrency but not too much, then you will certainly have heard of bitcoin. This is the most common cryptocurrency out at the moment and the best place to start if you are taking your first steps into the cryptocurrency world, whether that is for betting purposes or something else.
By sticking with Bitcoin, you put yourself in the best possible position as the fluctuations on value are not as volatile as with some other currencies, and it is commonly recognised and used by more people.
The great news for those that are new to Bitcoin is that you can get started without knowing the full details of the currency, it is something that is very simple to get started with. The first thing you need to do is open up and register a Bitcoin wallet, this can be done on either your computer or your phone. When you do this you will be given a Bitcoin address, which is the first method in which you can transfer and receive funds, and this is what information you need to give to someone if you want them to transfer funds to you.
You can have more than one Bitcoin address if you wish, and it is recommended that you only use each address for one transaction. The address is key to everything regarding Bitcoin, in normal banking terms, this is the details of your bank account. This is the address that other people use to send funds to you, which will then appear in your Bitcoin wallet.
How to Use Cryptocurrency
Using cryptocurrency is very simple and easy to do. There are no restrictions about who you can send funds to, the only thing you need to check is that they accept cryptocurrency as a payment method.
The first two things you need to check when you are looking to send funds, whether this is to an individual or to a company, is that they accept the cryptocurrency you have, and what their address is to send the funds to. If they say yes, they accept the funds and give you there address, you don’t need anything else from them and you don’t need to disclose any of your own personal information to them if you don’t want to.
When the transaction is complete, they will be notified that they have funds from a user, but they won’t see your personal information, which keeps everything anonymous if you prefer it that way.
Online Casinos That Accept Bitcoin
Best bitcoin gambling sites are no different to regular casinos and betting sites, working in exactly the same way with the exception of the funds they accept from players. The only thing different is the money they work in. Some crypto casinos and betting sites will accept only cryptocurrency, and no regular currency, while some accept a combination of both.
Once you have funded your account the bitcoin casino online or betting site you want to use will work in exactly the same way, offering you the different betting markets that you like to bet on. You play games for bitcoin, just the same as you would play online casino games in pounds, dollars, euros or whatever else you would normally deposit if you were using a traditional bookmaker.
If you have used a traditional bookmaker before, but you would like to try cryptocurrency betting, either in a cryptocurrency casino or with a betting site then you will find it easy to change over. Once you understand how to complete a cryptocurrency transaction, everything else is the same.
When it comes to paying out, you will notice a big difference. The first thing is that the transactions using cryptocurrency are much quicker, so you will receive your winnings from the best crypto casino or betting site much quicker. The second is that if you are using a site that is located in a different country then your fees will be greatly reduced. This is because you are not using a bank and a currency conversion. Instead, you are receiving Bitcoin or another cryptocurrency from someone, just as if they were in the same country as you.
If you are unsure whether you want to bet with cryptocurrency all of the time then the best choice for you is to use a bookmaker that allows you to bet with a number of different currencies, including cryptocurrency. This gives you the chance to try it, and use cryptocurrency if you have any, but if you don’t have any and you want to bet using another currency, you can do so using the same account. These bookmakers will allow you to bet using the currency you deposited and it is a great way to get involved for those who are not sure if they want to use solely cryptocurrency when betting. There is not just casino bitcoin, but more casinos with different crypto such as Ethereum casino, Litecoin casino, Eos casino or Ripple casino.
How to Buy Cryptocurrency
If you would like to buy some cryptocurrency to use online in a casino or on a betting site, then here are the simple steps you need to take to get them added to your crypto wallet.
The process has been made much simpler for users over the past year, and it is now easier than ever to buy cryptocurrency online. Here are some things to consider and look at before you decide where to buy your cryptocurrency from.
The first thing to look at is the payment methods that are accepted. Not all cryptocurrency exchanges accept all payment methods, so it is important to match up with one that accepts your method. For example, many like the convenience to buy with Paypal, and most cryptocurrency exchanges accept Paypal. However, if you would prefer to pay with a bank card then you will have to check this, as not all exchanges will accept card payments.
The second thing to look at is the type of cryptocurrency you would like to buy. Not every exchange will sell every type of currency, so if you are looking for something specific then you will need to make sure that the exchange you are looking at offers the currency you need. Finally, there are fees involved when buying cryptocurrency, so be sure to take this into account when you are looking at the cost, and shop around to try and find the lowest fees available. The majority of exchanges will charge between 1-4% for buying cryptocurrency from them, and although that doesn’t sound a lot, if you are making a big transaction or multiple smaller ones, it can make a big difference to the cost. You may also notice that some exchanges will charge you a smaller fee if you buy in bulk, look out for these and try to take advantage of them, instead of paying more spread across many smaller transactions.
Where to Store Your Cryptocurrency
When you buy the currency you want, you need somewhere to store it. This is known as a cryptocurrency wallet, and there are three different types of wallet, which you can use. This is the equivalent of your own personal bank account, and while you give people your address to send funds to you, it is your wallet where the currency will go, and this is how you keep track of how much cryptocurrency you have.
The three types of wallet are an online wallet, software wallet or a hardware wallet. An online wallet is the one to use for speed. This is the quickest to set up if you need access to a wallet straight away. However, it is also the least secure form of wallet, so if you are looking for a longer-term solution then choosing one of the other two wallets may be better for you.
A software wallet is an app that you download to your device and that is how you access the details. With this wallet not being online, it is safer to use than an online wallet, although not as secure as the last type of wallet. This is a hardware wallet, and this is something you plug into your device via a USB slot. This is the most technical and secure type of wallet you can have, and if you intend to deal with cryptocurrency for many years to come then it is worth investing in one of these.
The last thing to note about wallets is that some can only store one type of cryptocurrency, while others can store many types so be sure to look into this before deciding which one to use.