Bitcoin Online Casinos
Bitcoin Online Casinos
Some online casinos allow for the funding of accounts with Bitcoin. Just to be clear, Bitcoin is one form of cryptocurrency, but it’s not the be-all-end-all, though it is probably the most widely used.
Using a cryptocurrency is proving to be a popular form of transaction for many people mainly because it allows anonymity between you and the recipient as in an online casino.
I think you will start seeing in the future more online casinos offering some form of cryptocurrency as a method for funding and also withdrawals.
Gambling with Bitcoin
There are several Crypto exchanges in Australia where you can buy and sell all manner of cryptocurrencies. You can store your currency on the exchange itself in the form of a wallet, or offload them to an offline wallet called a ‘cold wallet’, which is deemed to be safer from a security aspect but could still prove problematic if you don’t know what you’re doing.
If you don’t trust the Australian authorities you can always sign up with a reputable exchange. That though is a topic for another day.
However, for those who are familiar with using cryptocurrencies and actually have funds in them, then yes you can find an online casino that caters to your funding requirement. Bitcoin will be the preferred method – from what we have seen, but if you use another cryptocurrency, you may find a casino that caters to your needs if you dabble with Ethereum, Litecoin, BitCash, Dogecoin, Dash, Tron, and EOS. One cryptocurrency we are particularly interested in is Monero, mainly because of its privacy, security, and untraceability features, more so than the others.
For this article though, we’ll focus on Bitcoin.
