Bitcoin Gambling Overview
Bitcoin (BTC) is the most popular cryptocurrency currently used around the world today. With over 2.5 million users and an ever growing community, bitcoins are rising in value with no signs of stopping. Conceptualized in 2008, bitcoins are a fresh currency with exceptional potential. Using world renowned security protocols, faster transactions than traditional banking, inexpensive fees and complete anonymity, bitcoins are emerging as a popular alternative to common currencies. To get started using bitcoins, you will first need a bitcoin wallet. A key bit of information you must be aware of is that if your wallet is ever lost or corrupt, you will lose all your bitcoins if you have not backed up your wallet. It’s the first example of a growing category of money known as cryptocurrency.
How to get started
To get started using bitcoins, you will first need a bitcoin wallet. A key bit of information you must be aware of is that if your wallet is ever lost or corrupt, you will lose all your bitcoins if you have not backed up your wallet. Please be aware of this when you choose a wallet type.
There are three different kinds of wallets:
Online wallets -> CoinBase
Online wallets are stored by a third party on their cloud servers. Creating and backing up your bitcoin wallet are simple if you choose a web-based wallet because some online wallet providers keep backups for you while also giving you the option to back up your bitcoin wallet yourself.
This is recommended for new bitcoin users or people with basic computer knowledge.
Software wallets -> MultiBit
Software wallets are stored entirely on your own computer, but require that you backup your wallet manually. They are more secure than cloud wallets because if the cloud is ever compromised, you run the risk of losing the contents of your wallet.
This is recommended for intermediate/advanced users
Hardware wallets -> Ledger
Hardware wallets are the most secure type of bitcoin wallets. In order to access your bitcoin wallet, you need to have a special piece of software that usually plugs into your computer via USB. You also need to backup this wallet manually. However, it is the most secure solution because nobody can access your wallet unless they have the USB device that unlocks it.
This is recommended for advanced users or people who are storing large amounts of bitcoins.
There are many options available for purchasing bitcoins. You can purchase them with wire credit/debit cards, money grams, wire transfers, cash, and gift cards. Be cautious when purchasing bitcoins. Ensure that the person you buy them off of does not have a negative reputation with selling cryptocurrency.
Bitcoin Gambling Sites
There are a lot of websites offering Bitcoin friendly casinos:
When looking for a casino, customer support and reputation are the most important deciding factors. There are many games available through Bitcoin casinos such as live BlackJack, Poker, Roulette, keno, dice, baccarat and much more.
Visit our Casino List for a directory of the most reputable Bitcoin casinos!