The surge in Bitcoin supply and demand paved the way for a new type of secure, online payments. The future belongs to crypto currencies, and the most popular being the Bitcoin. In order to complete your Bitcoin payments safely and conveniently, you need a Bitcoin Wallet. In practice, the Bitcoin Wallet can be compared with a bank, where you keep your money safe. Before we get into the details, below you can find the top 11 Bitcoin online casinos. Note, some of them accept other cryptocurrencies besides Bitcoin, such as Bitcoin Cash, Litecoin, Dogecoin and Ethereum.
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It’s essential to have a Bitcoin Wallet because it adds additional layers of security and makes deposits and withdrawals way more convenient. Note, make sure you transfer your Bitcoins from the Bitcoin Exchange to your Bitcoin Wallet. Bitcoin Exchanges try to discourage their customers from keeping the Bitcoins there for a long time with unnecessary fees. That’s why it’s best to have them transferred as soon as the Bitcoin exchange transaction is completed.
Below you can find an extensive guide how to create a Bitcoin Wallet along some very useful information regarding Bitcoin Wallets in general.
First, let’s take a look at some general facts about Bitcoin Wallets.
Despite the Bitcoin being an online crypto currency, you’d be surprised to know that there are several different types of Bitcoin Wallets based on their nature and how they work.
Note, if you want to have the edge to quickly deposit and withdraw from an online using Bitcoin you will need a Bitcoin Wallet that’s connected to the internet. Later we’ll show you how to maximize the privacy of your Bitcoins, but first, let’s see how the registration of a Bitcoin Wallet looks like.
Bitcoin and other crypto currency online casinos are not that popular amongst EU and UK players. However, they are the only choice of players who are located in regions where online gaming is illegal. Players from the USA, casino players from Australia and so on, join online casinos that accept Bitcoin and other crypto currencies. Now, in the eyes of the authorities, this is illegal, yet the transactions cannot be tracked.
Bitcoin Cash online casinos are the new big thing due to the significantly lower transaction fees. It didn’t take look for Bitcoin online casinos to adopt the recently created twin currency of the popular Bitcoin. Many Bitcoin casino players prefer to play with cryptos because this is how they avoid the scrutinous verification checks, and how they speed up the withdrawals. Basically, that’s it! It’s not rocket science.
A big number of online casino players lost thousands of dollars/euros following the Bitcoin plunge from $20,000 to $8,000. Then again, this is not the casino’s fault. Know the threats of playing with cryptos before you make your deposits. You never know where things will go. The thing is, as a Bitcoin casino player you’re betting on the Bitcoin! However, from what we saw in early 2021, it’s not such a “bet” after all. It has gotten to a point where it’s stable, in spite of the external influences.