Entering a Bitcoin casino for the first time can be nail-biting for a lot of online gamblers. It’s no secret that playing casino with Bitcoin offers a ton of unique features and opportunities, which might be a little overwhelming for the new gambler to get accustomed to. However, with the way Bitcoin casinos have grown at a drastic pace, you don’t have to walk in tiptoes trying to understand how everything works in this new platform. So if you’re someone making the switch from a traditional casino or a first-time BTC gambler, this casino guide will prep you right.
Here are some of the most frequently asked questions about Bitcoin casino betting that every casino player should know.
What is a Bitcoin casino?
Plain and simple, Bitcoin-based casinos are betting platforms that accept Bitcoin as payment for wagers. Some sites allow users that don’t have Bitcoin yet to pay in regular cash and then convert it Bitcoin for a fee. Today, thousands of Bitcoin casinos are springing up on the market, making the industry more alive than ever.
How is it different from a regular online casino?
In Bitcoin casino betting, you get to enjoy a payment system that’s fully optimized for online transactions. Using the blockchain technology, Bitcoin users are given more freedom to control their funds, make casino deposits faster and cheaper, and of course win a greater value.
Is it safe?
While Bitcoin betting sites have yet to be recognized by certain laws and constitutional safeguards, an impenetrable blockchain technology protects bettors from numerous cyber crimes like identity theft or fraud. Bitcoin’s anonymity feature also allows users to keep their sensitive personal information to themselves.
How does it work?
This casino guide does a quick rundown on how playing casino using Bitcoin works. First, you would need to acquire your own Bitcoin and store it in an online wallet, which you can acquire through major exchange sites like Coinbase. Then, using your wallet, you can fund your account by making a deposit, play games with your BTC bankroll, and withdraw winnings to that same wallet.
What are the games available?
Bitcoin casino sites offer just as many games as regular casinos do, with some sportsbooks like Nitrogen SPorts offering variations that are designed for Bitcoin users. You can invest in Bitcoin using classic games like Poker, Blackjack, Roulette, Baccarat, Craps, and more.
Nitrogen Sports is one of the first sportsbooks that offer a multi-channel platform in online gambling. Bettors get the opportunity to place their bets on sports, esports and play casino and poker all in one place. But at the forefront of this well-rounded wagering experience is the use of the biggest cryptocurrency in the world, that is bitcoin.
This is the newest addition to the growing landscape of online betting and if you want to learn more, the sportsbook offers an all-encompassing instructional content over at Nitrogen Sports Blog where latest news, updates, matchups, betting lines and bitcoin betting guides are published for free.