If there’s one lesson we’ve learned these past two years, it’s that many things can be enjoyed from the safety of your home. It also explains the growing popularity of online casinos over land-based ones. This coincided with the explosive rise of cryptocurrency market, with Bitcoin being most recognizable. And it was a perfect match! Because gambling at online casinos with Bitcoin provided what the traditional casinos couldn’t. Anonymity, security, and fast payout with instant withdrawal! If you want to know more, stay with us for seven top tips for gambling at online casinos with Bitcoin.
Understand what Bitcoin is and how it works
As with all new beginnings, you must start with the basics. And the first step is to learn what Bitcoin is, how it started and the way it works. So, what is a Bitcoin?
It is a type of digital currency that is based on something we call blockchain. And blockchain is a type of digital ledger that uses a form of cryptography (the science of encoding and decoding information) to make its transactions encrypted. In other words, secures that no third party can have access to it. You can see how that comes in handy when you consider gambling at online casinos.
Because it is a type of online money, it contains all the benefits that apply to the internet also. Namely, speed, safety, and absolute anonymity. And not being subject to regulation, its transaction fees are extremely low, so you get to have more money to use on wagering. To learn how to use it safely, be sure to check our previous guide.
Understand the Value of Bitcoin
After you cross-out the know-hows, what you should do next is familiarize yourself with the market value of Bitcoin. This is of key importance if you want to become an expert in gambling at online casinos. Commit yourself to track the value at least once a day. There are many sites and charts out there that can help you do that.
The fact that Bitcoin is a decentralized currency means that it’s subject only to pure laws of supply and demand. So, buy it when the value drops and use it to gamble on the days when it goes up. That way you’ll make sure to get a maximum return on your profits. And make sure to play at the casino where bet values are also expressed in the currency. So, you don’t have to do the math every time you want to adjust your stake.
Also, you want to have an ability to cash out in the same currency you made a deposit with. And remember to regularly check the value of Bitcoin just as you would with any other currency.
Choose a Reputable Bitcoin Casino
The most frequent mistake people make when entering the world of gambling at online casinos is to sign-up at the first place they get their hands on, without filling up on all the details. What you should do first is to check whether a casino holds a legitimate license.
What also makes Bitcoin casino reputable is a wide selection of games from leading software providers, both the virtual and live dealer ones. And if a player gets a variety of welcome bonuses and promotions, you might have found the right one. Luckily, with us you don’t have to search any further. This is one of the most reputable casinos accepting bitcoin.
The fastest way to inform yourself of whether a casino has reputable credentials is to read reviews from previously active customers. What makes a good online casino stand out from others is the reputation it gets from making its customers content. And what can make customers more content than getting their instant withdrawal of their winnings whenever they want? Casino Extreme’s reputation among other online casinos stands as instant withdrawal kings! And what our players think of us, can easily be checked here or at sites like Trust Pilot, for example.
Check Your Local Laws
While your favourite bet safe Casino Extreme is legit, the laws of your country on the subject may vary. Bitcoin’s anonymous and unregulated nature make it unsusceptible to many laws. However, there are many laws regarding gambling at online casinos, so a quick refresher on the subject will certainly not hurt. You can check our terms and conditions page too see if your country is eligible to use our casino services.
Diversity of Currencies
The important thing to consider when choosing the right Bitcoin accepting casino is the diversity of currencies available that you can deposit and withdraw with. The emergence of new cryptocurrencies such as Ether, Litecoin, Dogecoin and others opened a brand-new world of opportunities. When a casino supports these, it means it stays up to date with the latest trends. And if it provides an option to both deposit and withdraw your funds in cryptos, like yours truly Casino Extreme, you’re in for a treat.
Be Sure to Gamble Responsibly
And at the end, always keep in mind that gambling is a pastime that is usually not the primary source of income. Be sure to check every above-mentioned thing, from knowing and tracking Bitcoin’s value, checking the laws and choosing the right casino. Once you do this, assess your financial situation, and play only the amount you are to dispose of without it negatively impacting you. This will surely make gambling at online casinos as enjoyable as possible.