bitcoins

The Bitcoin option in the casino

The world of online gaming is changing, and we're not just talking about fantastic 3D games and live dealers who interact with us while we play on our trusted site! The change also includes the methods of making deposits or receiving winnings.

In the age of digital payment, it is a must to take a look at the options available to be able to play online. Here at GaymerX let's try to make the choice less difficult and highlight those differences that may not be immediately apparent as they should. This is so that you can decide fully aware of how to play.

A novelty on which we had to be able to express ourselves is Bitcoin, which has appeared on the world scene for a while, and with an ever-increasing popularity also in the online gaming sector.

What is Bitcoin

Whether you are an expert or not, this name will not sound unfamiliar to you. Bitcoin, also known by the codes "BTC" or "XBT", is a decentralized digital cryptocurrency that allows peer-to-peer transactions over the Internet, without any intermediary financial institutions. It was created in 2009 by a certain Satoshi Nakamoto, whose true identity remains unknown.

Based on the principles of cryptography, the transactions carried out are absolutely secure.

In the world of cryptocurrency, we can consider Bitcoin as a pioneer among all those currently existing, and today it is increasingly easy to find websites that accept Bitcoin, although it is still a fledgling currency.

How to get Bitcoins?

In order to get hold of Bitcoins, and then to be able to keep them, you must have a digital wallet, and there are several available for free.

To fill it up, just buy Bitcoins through a currency exchange site or have them transferred by someone who already owns them.

A method that requires extra work, and is not well-known, especially for procedures that involve skills and knowledge not common to everyone, is Bitcoin mining, universally known as "mining," just like extracting minerals from a mine.

Casino and Bitcoin: Pros and Cons

Nowadays we find both casinos that accept Bitcoin together with other currencies, and casinos that instead have it as the only currency available for making transactions.

It must be said that Bitcoin has recently entered the online gaming scene, making it easier and faster.

Among the advantages of this digital currency we can list the total absence or a minimum commission to be paid on the transaction, unlike payment methods more traditional.

In addition, direct debits are practically impossible and the speed of payment makes it even more secure. Although we can know where the payments come from, we are not authorized to access the personal data of the owner. Security and privacy are thus safeguarded.

Some casinos allow you to split the Bitcoins into smaller values, in case you don't want to bet a whole BTC. We are talking about mBTC, or milliBitcoin, which is one thousandth of a Bitcoin.

Not being a regulated currency, it does not have to adhere to certain rules. We are in fact talking about small pieces of digital code; that is why, although some countries like the United States have strict regulations on gambling, these same regulations do not apply when it comes to Bitcoin, and the possibility of losing one's funds is greatly reduced.

It is therefore impossible for a Bitcoin account to be frozen. On the other hand, however, the value of this cryptocurrency can vary from day to day, which can lead to rather confusing transactions, precisely because of its volatility.

At the birth of Bitcoin, some casinos only accepted this currency. Its value at that time used to vary tremendously, and these casinos, not wanting to give up its convenience, thought of having deposits made in Bitcoin and then converting them into a legal currency, such as the euro; in case of withdrawal, the reverse process would have taken place instead. In this way, transactions were based on the exchange rate of the day.

Today the variation of Bitcoin is not so marked, but many sites continue to use this method. Others, instead, prefer to play purely in Bitcoin, and this offers the opportunity to have an anonymous account.

Where to play with Bitcoins

In Italy, Bitcoin has not been welcomed as well as in other countries, and we have not yet been able to find any casinos that we would like to recommend, where it is possible to deposit or withdraw winnings using this method.

In the meantime, we would like to point out the possibility of making a deposit in Bitcoin on your e-wallet Neteller , to then transfer the funds to the casino account you have chosen to play, always bearing in mind that the road is much more difficult for withdrawals of any winnings.

You can therefore also start playing in some legal and secure online casinos where it is possible to deposit via e-wallet. Both e-wallets and Bitcoin are indeed at the top in terms of security and privacy. Among the most well-known e-wallets, we have the already mentioned Neteller, but also Skrill and Ecopayz.

Below you will find the casinos where you can deposit with these methods and discover the best ones  games available for the market, in addition to some appetizing ones Bonuses welcome to try them; they are also all casinos bearing the Legality logo.

We are confident that over time the situation will improve even for Bitcoin enthusiasts, so we wait for further news before adding anything else regarding this cryptocurrency and its fate in online casinos.