Online Betting

Bitcoin Gambling in a Nutshell

Bitcoin Gambling
Posted: July 17, 2018 at 9:05 pm   /   by   /   comments (0)

If you ever wondered when you would not have to engage in the lengthy and expensive banking processes involved in the typical online casinos, then you will appreciate technology’s ability to decentralize currency by creating cryptocurrencies.

The latest online gambling trend involves the use of cryptocurrencies for gambling. Bitcoin is the main cryptocurrency used by these sites, and most of the games played are tagged with Bitcoin followed by the name of the game. By wagering using cryptocurrency, gamers get to save money otherwise charged as a transaction fee, and people from all over the world get to bet because of the decentralization of digital currency.

This new way of gaming is a lot more efficient thanks to the use of the user-friendly features of the different digital currencies in streamlined platforms. The platforms that run Bitcoin gambling are highly secure, and the systems are trustworthy. The element of trust comes from the application of a principle called the Provably Fair. Under this system, every player can mathematically prove that the house is not making them lose intentionally. How? Well, it all boils down to probabilities. That also means that if you are good in Math, you will have increased chances of winning games because you can work out your odds of winning or losing.

Bitcoin gambling offers a high level of security in all its games from Blackjack to bitcoin dice and even Roulette. The security of the systems comes from the use of two-factor authentication systems, IP whitelisting, and players have to confirm their withdrawals through email. But, that is not all. These sites feature systems secured with SSL encryptions, a solution known to offer a high level of security in financial systems. To top it all, some of the sites will offer cryptocurrency wallet which enhances your security online.

How to use the Bitcoin Gambling Sites

Once you create an account, you have to deposit funds in the account. This account is under your control, and you can use your deposits to play as many games as your money allows. As mentioned above, some of the common games include Bitcoin Dice, blackjack, roulette, and even Baccarat. Your possibilities are endless once you get started and you can if you are good at it, you get to earn more Bitcoins every time. All your earnings are instantly transferred to your Bitcoin wallet.

Affiliate programs

Besides winning from the games offered, you could also take advantage of the sites that offer affiliate programs to members registered as affiliate members. Being an affiliate member earns you revenue every month, and payments earned result from marketing. You also have access to bonuses once you start playing. Your bonus will increase your earnings in your digital wallet. However, when it comes to bonuses, you have to meet the set wagering requirements.

Gaming strategies

Most of the Bitcoin gambling sites include details of strategies which could be employed to increase your chances of winning. These strategies include the Martingale method, Paroli Method, D’Alembert Method, or the Wager for prizes method.

Predictions: Accurate predictions will increase your Bitcoin wallet balance.

Sports Betting: this is also possible in the world of Bitcoin gambling. There are numerous prizes from the sports’ betting. For this to work well for you, we recommend finding a sportsbook and understanding all the rules of the game.

Lottery: You could also play the lottery using Bitcoins.

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