Humanity continues to surround itself with more and more technology, which can only be good. In recent years, you’ve also begun to look at digital currencies, with the famous Bitcoin at the center of developments. If you still need to learn what bitcoin currencies are and how they work, you must take the time to do so. We (and countless experts) believe this could be the global currency of the future!
What is Bitcoin, and where can I use it to pay?
In short, Bitcoin is a decentralized currency created through electricity consumption and has no physical counterparties. This means you can’t ‘withdraw’ Bitcoin like you can with regular money. Bitcoin only exists online, but that doesn’t make it any less valuable. One of the biggest advantages of Bitcoin is that all trading takes place anonymously. Nobody knows how many Bitcoin coins you have or how you use them. Complete freedom, that is! So, it’s easy to understand why so many casino players have embraced this payment method. After all, do you want only some of the world, especially governments, to know how you’re spending their money?
Bitcoin, once primarily used for trading and stocks, has now opened up a world of possibilities. You can use Bitcoin at online stores and, importantly, at online casinos. This payment method offers a level of convenience that is hard to match. Here’s a quick overview of Australian online casinos that accept Bitcoin, making your gaming experience more seamless and enjoyable.
How does Bitcoin work?
Did you know that cash makes up only a tiny proportion of today’s global economy? Yep, almost all of the money in the world exists only electronically – this applies to the Norwegian krone, the euro, the US dollar, and everyone else. If everyone suddenly went to the bank to withdraw their money, the banks would go bankrupt within hours! The only difference between regular and bitcoin currencies is that the former is controlled by a central bank, where a small group of people decide what to do with our money—one magical word from the central bank, and our income drops. We’re talking modern, global kings here – but you’ve never heard their names. With this in mind, it’s much easier to understand why so many politicians have come out strongly against Bitcoin, Litecoin, and all other digital coins.
Bitcoin at the mobile casino
If you use your mobile phone to play at a casino, you can look forward to using Bitcoin. This user-friendly method makes it very easy to deposit at the online casino. If you’re using Bitcoin at a mobile casino, there are several digital wallets where you can safely store your Bitcoin. For example, you can easily download these wallets from the Apple Store or Google Play. The great thing about Bitcoin on mobile is that there are countless digital wallets that you can use when playing at online casinos with Bitcoin. Unlike other payment methods such as ecoPayz and Skrill, where you can only use their official app, you now have the opportunity to find a Bitcoin wallet that suits you personally.
Lucrative casino payments with BTC
Yep, it’s pretty advantageous to use Bitcoin when playing online at a casino, and more and more players have started using this method. First of all, it’s extremely easy. You transfer your Bitcoin to a suitable online casino (a so-called Bitcoin casino), and you get to play with the so-called mBTC. Bitcoin is abbreviated to BTC in the financial universe, and mBTC is a thousandth of Bitcoin. So if you bet 1 mBTC per spin, that’s 0.001 BTC. Remember that a single Bitcoin is worth almost 100,000 kroner! Since Bitcoin is anonymous, it’s also very easy to transfer to your gaming account. You send in the amount you want, play as much as possible, and withdraw your winnings. No unnecessary intermediaries, restrictions, payment method verification and the like. Maximum speed, minimum hassle!
How to make casino deposits and withdrawals with Bitcoin AU
Before you can deposit with Bitcoin, you need to make sure you have enough to use. You can buy Bitcoin on many websites and marketplaces.
Once you have Bitcoin and created an account at an online casino Australia that accepts Bitcoin as a payment method, you are ready to deposit. The Australian online casino will give you an address to which to send the money. After this, you go to the digital wallet where you have your bitcoin. Here you choose to send the bitcoin to the recipient address given to you by the casino. Remember to be careful; the money will only arrive if the address is correct. Once the money has been sent, it will be credited to your casino account as soon as the casino has confirmed the transfer.
Deposit at casinos with BTC:
- Get Bitcoin
- Register an account at an online casino with Bitcoin
- Get the address from the online casino
- Go to your digital wallet
- Paste the recipient’s address
- Wait for the casino to authorize the transfer
- Play away
Withdrawing at the casino with Bitcoin works the same way. But first, you need to go to your Bitcoin digital wallet to find your recipient address. Copy this address, go to the casino, and select Bitcoin withdrawal from the cashier. You will then be asked to enter the Bitcoin address to which the online casino will send your withdrawal. Paste in the address you copied from your wallet. Once the online casino confirms this, you will receive your Bitcoin within a few business days. You can use Bitcoin for casino deposits and play at new online and mobile casinos, where they offer new pokies, live casinos, odds, and online pokies. Or go to the live casino and play blackjack, roulette, and baccarat.
Extra large casino bonuses with Bitcoin
Another important benefit of playing casino with Bitcoin is the bonuses you can collect. It’s important to remember that each Bitcoin is worth a lot of money – many players forget this when they see casino bonuses with Bitcoin. For example, if you see an offer that gives new players a ‘100% up to 1 BTC’ bonus, it’s essentially the same as ‘100% up to $100,000’, since Bitcoin is worth so much. If you saw a welcome bonus like that, you’d probably jump at it, right? Well, anything is possible with Bitcoin, and if luck favors you, you can win huge sums of money.
Important: The security of Bitcoin
Bitcoin is the perfect payment method if you’ve read through this in-depth article. Since it’s an anonymous currency, you cannot prove anything if your money goes missing. Of course, this doesn’t happen at online casinos, but elsewhere in the vast digital universe, countless stories of people being scammed out of their Bitcoins exist. You’ve lost your money if you lose the long code that symbolizes your Bitcoin coin. Since the codes are not personalized or written down anywhere, it’s impossible to find them again. The same happens if someone steals your codes. That’s why you should only choose secure, reputable, and licensed online casinos when you want to play in a casino with Bitcoin.
Casino games with Bitcoin
As mentioned, you can either exchange your Bitcoin for ‘regular’ money and play with it at a selected online casino or find an operator that allows you to bet directly with BTC and other digital coins. If you go for the latter, prepare yourself for a much narrower selection of pokies. Sure, you’ve got over a hundred different games to enjoy, but this doesn’t compare to the sea of possibilities that await otherwise! Keep this in mind as you explore your chosen BTC casino, and don’t be disappointed when you realize that all the most popularpokies don’t appear.
To summarise
There are many names for Bitcoin Casino. Some call it a casino with bitcoin. Whatever it’s called, it’s becoming one of the most popular payment methods at a modern casino. Online casinos with Bitcoin as a payment method allow you to use this currency for deposits and withdrawals. In this guide, you’ll get an overview of the best casinos with Bitcoin, how to make deposits and withdrawals at the casino, and what’s worth thinking about. At The-Orb.net, bicoin at casinos will become more and more common over time. So it’s time to get started.