Bitcoin and other Coins: Safe, Secure but Limited Options

When it comes to using online casinos, the options for both depositing and withdrawing will vary from place to place. Some will be old school in what payment types they accept, such as the standard bank transfer, cheque, credit and debit cards. Most modern casinos will give you a range of options, including the entire major online safety transaction vehicles such as PayPal and Neteller.

Recently, bitcoins and other types of coins have become popular and because of that the demand for them was not that big and because of that there was no special demand for the existence opions for the bitcoin depositing or withdrawal in regards to online casinos. However, there are some people who demanding these options and because of that some casinos are also provided that option too.

What are bitcoins other types of coins actually?

cryptocurrency.; cryptocurrency. It is effectively a software wallet that you have and store all of your coins and you can use it to pay for goods and services across the world. This a completely open source software and there is not specific person or a group that is the owner of the bitcoin and because of that there is no limitations or restrictions on the use of the bitcoins.

It is also possible for you to exchange these bitcoins for real currencies as well as it can be done the other way around. You can even earn coins through a process called mining which is when your computer is used to solve complex calculations. Recently, this has become way too expensive for common people because it requires high level of computing power and many other resources that you will need if you want to it to pay off.

Clearly, one can see that there are a lot of advantages that are being connected to the use of such coins. You can pay for goods and services across the world in an extremely secure manner and you can convert it to your preferred currency if needed.

However, certain minimal fees do exist in regards to the use of these coins in regards to depositing and withdrawing funds from casinos and because of that both sides see it as a win-win situation. This is a good method for depositing small amounts of funds and in that way the customer is able to test the offers of online casinos without having to deposit a huge amounts of money.

There is also no way of tracing the transaction back to you, so you don’t have to worry about people getting their hands on your information through a financial transaction like you would if you were dealing with a credit card or bank transfer.

How to filter out the casinos that offer these coin payment services?

When you are trying to choose what type of casino you actually prefer, there are several crucial notions that you need to have in mind. First thing you need to do is to make sure that the casino is reputable and that your personal information that will be stored on the site will be kept safe and sound.

Bitcoins and other payment transactions based on coins are safe but the information that you give to the casino can actually be compromises at some point. Make sure that the casino has all of the necessary licenses and security regulations in place before you deal with them.

After that, you need to be able to check whether their software is actually updated recently so that your gaming experience would be without any problems on no matter what platform you choose. The last thing you want to do is play slots on a site that has poor graphics and slow speeds.

Make sure that you have checked what kind of bonuses or what kind of special offers they provide to new costumers as well as to those customer who have been using it for some time. Look out for free spins and deposit bonuses.

When should you not use the coins with a casino

Many casinos don’t accept bitcoin or other coins as a method of deposit or withdrawal and this will rule out many of the popular options. You actually might not prefer to use casinos that do not include this option in the services for payment.

it can be a bit complex and take some time.; it can be a bit complex and take some time. It requires you to have a special software, to go to exchange places in order to get the right number of coins and to put them in your digital wallet. All of these actions take some time to finish. Finally, these coins are not regulated, so if the casino shuts down and takes all of your funds, they payment are permanent and cannot be tracked.

Best bitcoin and other coin casinos

1.    bitStarz Casino

This is a great casino site for anonymous gambling. You will be able to chose from a wide range of games and they also offer the biggest bitcoin bonus that can be found on the market these days. There is no limit on the amount of payout but it restricts you to deposit and withdraw your funds using only bitcoins.

2.    Vegas Casino

The folks at Vegas Casino have hundreds and hundreds of games to choose from. They have advantageous deposit bonuses and are well liked by their customers. Their offer on your fist deposit of bitcoins is in the amount of 110 %.

3.    Coin Palace

You can use a wide variety of different types of coins when depositing and withdrawing with Coin Palace. Their deposits and withdrawals are instant, unlike the vast majority of casinos on the market today. The only downside is that they have some issues with the load speed of their games.