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 was 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 the 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 it 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 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 now be used to play a large selection of games at any of the bitcoin casinos listed below.

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    zenekk87

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    4.0
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    I starts thinking really serious about cryptocurrency cause I feel that its more coins, and more people trying those, earn,.
  • Mr

    John Smith

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      5.0
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      awesome!
      Bitcoin is the best thing that happend to us.Thank you God on Satoshi Nakamoto <3
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      cheztwins

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      Bitcoin is the only way to gamble online if you live in USA. Heads up to any players ready to convert to BTC....take your time learning the value of BTC relative to betting and how a BTC cashout would translate into your currency of choice. :)
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      MoterboatMe

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      5.0
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      awesome!
      Bitstarz is great! they have most friendly support ever, always cheerful and fun to joke a bit with :)
    • Soad1

      budala

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      5.0
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      awesome!
      I highly recommend it. easy to use , safe, and anonymity guaranteed.
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      kronklenewberry

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        4.0
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        Bitcoin has the most hassle free withdraws ever. No taxes and totally anonymous (at *playamo, *bitstarz, and *Mbit anyway. Steer clear of casinos asking you for ssn's and mothers maiden name. that's identity theft pure and simple= slots.lv, bovada, ignition!) Bitcoin casinos are my favorite and I wish there were more.
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        finallyfinally

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        3.6
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        Very impressive payout timeframes and one of the bigges bitcoin casinos. Still, too many shady terms and conditions. Get rid of them, bitcoin means transparency!
      • Nirvana2

        nirvana

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        5.0
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        awesome!
        superb payment method. I highly recommend it
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        DEEZNUTZ4U

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        4.1
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        liked it
        so far so good hopefully bicoin doesnt get hackēd again that might stop any one from trusting in this currency .i started using rite after the breach in security made me kind of nervous to use but sofar its been good
      • Me

        zuga

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        "All it takes for evil to prevail is for good people to do nothing "

        Check out our No Deposit Casino and No Deposit Bingo lists.

        • 6374
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        5.0
        / 5
        awesome!
        an awesome banking solution. Especially if you are coming from the US ( knowing all the restrictions placed upon that market ).

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