Bitcoin is a payment system that is unique because it is powered by users without a central authority or a middleman. Instead, it is controlled by users from around the world. This concept called crypto-currency first implemented by Bitcoin was described in 1998 by Wei Dai. It wasn’t until 2009 that the Bitcoin specification was published in a cryptography mailing list.

No one owns the Bitcoin network. Confused? The best way to thoroughly understand it is to compare it to email technology. Users basically have freedom and it is completely controlled by users on a global level. Developers are continually improving the software but the user is free to choose what software and version they like much like an email service provider. Users can receive bitcoins through a mobile app or computer program for a personal Bitcoin wallet.

A public ledger called a “block chain” keeps a record of every transaction processed allowing your computer to verify and validate the authenticity. All transactions are protected utilizing a digital signature that matches the users address. Used by individual users and businesses alike, Bitcoin has grown remarkably fast with millions of dollars exchanged on a daily basis.

Advantages

Using Bitcoin as your wallet is a much easier process than making debit card or credit card purchases that doesn't require a merchant account. Payments can be made through your computer or mobile phone application.

Once it is installed on your computer or mobile phone it will create your Bitcoin address with accessibility to more whenever needed. Your address can be shared with friends where payments can be received or payments can be sent.

Money is sent instantly to anywhere around the world and bypassing any delays with no bank holidays, no borders or imposed limits. Payments are processed with zero fees or in some cases very low fees. Fees imposed are for processing transactions as priority resulting in faster confirmation from the network.

All transactions are secured and irreversible protecting your sensitive data as well as merchants from fraudulent activity and chargebacks. Every transaction must be tied to the user’s personal information, protecting against identity theft.

Disadvantages

The software is in an ongoing development stage with many new features in the works, including new tools and services.

How to buy Bitcoins

If you're from the US, exchanging your currency for bitcoins is relatively simple. Circle.com now accepts deposits from US based bank accounts or credit cards to fund your account and exchange your dollars for bitcoin. Coinbase does the same, although you can only use your bank account to deposit funds and buy bitcoin.

For other countries there is a variety of reliable purchasing options available out there that are regularly updated, you can find out more info by clicking here. An alternative to this is buying bitcoins from other individuals locally through localbitcoins.com.

Once you have a few bitcoin in your possession they can be used to play a large selection of games at any of the bitcoin casinos listed below.

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4.1
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From 48 votes
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Member's Feedback (21)

  • 5.0
    / 5
    awesome!
    Bitcoin has made it easy for players anywhere to cash out quickly and easily. Plus with the recent increases in the value of bitcoin, you can make a profit just by holding on to the coin. While most casinos on this list allow bitcoin for deposits and withdrawals, there are a few that only accept bitcoin for deposits, and do not have the option for bitcoin withdrawals. I hope those that dont have bitcoin for withdrawals upgrade soon!
  • 5.0
    / 5
    awesome!
    I always use bitcoin now a days BUT buying via peer is BETTER than using all these websites,not unless you want to wait: BUT. again? I tell you it's more expensive.I will give newbies a tip (vet bitcoiner here lol) You need to start with a small amount,and the best option is BANK DEPOSIT! usa players ESP. Do your homework BEFORE joining a website. Paxful and localbitcoins are the most commonly used.
  • 4.2
    / 5
    awesome!
    Bitcoin....i wish i understood this, there are many ups such as quick, limited verification...but then theres faucets? i love Bitstarz.. and Mikey and new chat helpers!ive wagered many free spin bonuses and cashed out some reasonable winnings. I find them quick in the chat area and often instant in withdrawals! i love the love at Bitstarz
  • 4.4
    / 5
    I absolutely love Bitcoin. So much quicker with deposit and withdrawal. Casinos are awesome. Bonuses are even better. Pick this 100 to 1 without a doubt.
  • 5.0
    / 5
    awesome!
    bitcoins were difficult for me to get the hang of at first. but once i finally did, omg! i just cant go back to depositing using credit cards,etc. fast cash outs and no hassle with paperwork.. also, a super plus plus, is the slots that i can play using bitcoins now.
  • 4.1
    / 5
    I found out yesterday about Circle not allowing BTC transfers to other wallets. Maybe time to try Coinbase?
  • I tried making a deposit with my Circle account and message came up I can't send to bitcoin address anymore. I have to send to an email or phone number. I'm waiting for an answer from them. This is just terrible as I can't seem to find another wallet I can use like this
  • awesome!
    Bitcoin is definitely the best thing to come into USA welcome, online casinos. No hassle deposit / withdrawal. Kiss goodbye those big ($45 & $50) minimum deposits and enormous cashout fees. I finally feel like I'm being treated like any other ordinary gambler and it feels good!
  • 4.0
    / 5
    liked it
    I starts thinking really serious about cryptocurrency cause I feel that its more coins, and more people trying those, earn,.
  • 5.0
    / 5
    awesome!
    Bitcoin is the best thing that happend to us.Thank you God on Satoshi Nakamoto <3

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