Bitcoin Gambling Sites
If you are armed with some bitcoins, there are plenty of different things you can do with them. Some people absolutely love bitcoin gambling, so that is what we want to talk to you about today!
The Benefits of Bitcoin Gambling Sites
The benefits of using bitcoin gambling sites are much the same as if you are spending bitcoin anywhere else:
- If you are in a country which charges tax on gambling winnings (these are few and far between), you will be pleased to know that you do not pay tax on bitcoin transactions.
- Bitcoin transactions are far more secure than other payment methods
- You have complete privacy. People will never know that you are using your bitcoin to gamble. You do not need to submit any personal information (within reason)
- In some cases, there will not be any transaction fees, although we are going to discuss that more in a short while.
How to use Bitcoins at Bitcoin Gambling Sites
Bitcoin gambling sites are the new versions of pay by phone slots. That is, they give you an alternative non "conventional method" of deposting into a casino to play casino games and slots.
There are several different ways in which you can use bitcoin to gamble online. We are going to assume that you already have a bitcoin wallet and know the basics.
The simplest solution is to find a dedicated bitcoin gambling site. There are a couple of issues with this, which we will discuss shortly. You can get around them.
This method you just make your payment like you would with any other bitcoin transactions. You can then withdraw your winnings in bitcoin.
The second method is to use an online gambling site which uses the payment processor called ‘Neteller’. If you use this payment method, you can exchange your bitcoin into the currency that the online casino works in.
There will be a transaction fee associated with this. It is often one of the safest methods to gamble with bitcoin too. This method also means that if you are already gambling with another currency, you probably will not need to find a new online casino.
Finding a Bitcoin Gambling Site
There are several bitcoin gambling sites out there. We want to run you through a few tips and tricks to ensure that the site that you find will be among the best around.
As mentioned before; there are some issues gambling at sites which only accept bitcoin. This is because many of these online gambling sites are not going to be fully licensed websites. This means, unless you take due care, you may end up playing at an online casino which may end up ‘scamming’ you. You should always read reviews for these websites so you know the site is going to be safe.
If you can, you should always gamble at an online bitcoin site which is licensed for your local area. For example; if you live in the United Kingdom, then find a site which has been licensed by the UK Gambling Commission. You will need to sacrifice your privacy here (one of the benefits of gambling with bitcoin), but you are going to be safer. You will have some sort of protection.
After this, your first job is to know whether you want to gamble in other currencies than bitcoin. If so, you will need to find somewhere that allows you to use Neteller as a payment processor.
Obviously, gamblers always have a specific game that they want to play. For example; some people want to play table games, others live dealer games, and some want to play some slots. When you are gambling online, you want to ensure that the site you select has as many games available as possible. This way you will never get bored. You may also wish to choose a bitcoin gambling site which allows you to gamble using your mobile device.
There may be other elements that you want to look into when you are gambling online. For example; think about bonuses, the customer support, and how the website functions as a whole.
Get Started with Bitcoins Today!
Are you ready to dive in and start gambling with some bitcoins? Once you have your bitcoin wallet set up, and you have your hands on some bitcoins, you can head to any of the websites below. All of these have been vetted by our team here, so you know that they are going to be a fantastic place to play. We will keep this list up to date for you.
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