Have you ever heard of Bitcoin? If you are at least someone who is on the internet at least once in a while, you may have heard it once or twice by now. You may know it as a new form of digital money that can be converted into real money. You know that some people use it to buy things online, and some even use it for trading purposes. If you are an online gambler, you may have wondered: can you sue Bitcoin in online gambling? Well, the good news for you is that yes, you can!
There is this new type of online casinos out there, and they operate only on Bitcoin as the only accepted payment method. This new type of online casino is called Bitcoin casinos, and they are growing in numbers day by day. Right now, there are not many choices you can go from, which can be a good thing as you can easily shop around and make your choice, as compared to choosing among the thousands and thousands of options.
Here are some of the top-rated and most recommended Bitcoin casinos you can sign up a new account for and start playing on:
- Switch Poker
How does a Bitcoin casino differ from the usual online casino that you know? How do they work? What makes them so popular and attractive to people? Here are the things you need to know about Bitcoin casinos.
Is it any different?
Technically, there is not much difference between the usual online casino that you may know already and a Bitcoin casino–both are online gambling for real money, both may have the same types of games, and the games that are featured on either type of sites work the same way.
The only major difference is the payment methods used. One more thing that makes Bitcoin casinos different is the verification system that is called provably fair gaming. Provably fair gaming is c concept similar to the random number generator algorithm sued in online casinos–it makes sure that you are given a fair result in every game that you play and that you are not cheated in any way.
In provably fair gaming, you can check on the fairness of a Bitcoin casino game using several tools available online. This system helps to make sure that all games being played by customers are fair and are not rigged in any way.
Why is it so popular?
There are many reasons why someone would go to a Bitcoin casino instead, and here are some of them.
Anonymity and security
When you set up a BTC wallet, you only need to provide either an email address or a mobile number–then you are good to go. The same goes for Bitcoin casinos, you only need to provide your BTC wallet ID and no other personal nor financial information.
This way of how things work in using BTC is perfect for people who are very particular in staying private and anonymous even when gambling online.
For those who have been playing in online casinos for quite some time now, they know that one thing that could ruin a good day of huge winnings is the tax. Depending on your country, taxes can sometimes take a huge chunk out of the money that you have won. The good news for those who are in Bitcoin casinos is that with Bitcoin being untaxable, your earnings would be technically tax-free as well. That means you get to bring home all of what you have won.