By the time the late 1990s rolled around, the internet had become a commonplace item in most peoples’ homes. Along with internet connection came a multitude of ways people could connect with the outside world in ways they were never able to before. Of all the different aspects of the world the internet influenced, few were more drastically changed than the gambling world. In only a short matter of time, viable gambling options grew exponentially, and playing gambling games was never any easier.
No longer were people forced to go to brick and mortar casinos in order to gamble because plenty of online casinos began popping up. Before long, gambling was introduced to a newer, younger generation and the online casino industry became something everyone knew about.
Real money gambling has now been around for well over a decade and in recent years has changed a bit thanks to Bitcoin. For those who may not know, Bitcoin is an online, virtual currency that is able to do everything able to be done by traditional currencies, but in an easier, more transparent manner. With regard to online gambling for real money, bitcoin has positioned itself as the most viable option for thousands and thousands of players and a growing number of sites. The reasons are many, but with changing laws and an unstable reliance upon traditional fiat currencies, there has never been a better time than now for bitcoin gambling to become increasingly commonplace.
Advantages of Bitcoin Gambling—Banking
Perhaps the biggest advantage offered by bitcoin gambling as opposed to gambling with traditional currencies is the way in which financial transactions occur, are tracked, and function within the realm of the gambling world. In the past, the variety of different withdrawal and deposit methods that are available to players each carry their own list of upsides and drawbacks. In general, however, all of these deposit and withdrawal options forced players to deal with at least one large financial institution and with funds which originated from a government-sanctioned entity. The process of withdrawing and depositing is neither complicated nor elongated, but does come with it a lot of red tape. What’s more, the security of traditional deposit/withdrawal methods is something that cannot so easily be guaranteed. In other words, your personal and financial information is at risk of being stolen by unscrupulous characters on the web.
When it comes to depositing and withdrawing from real money gambling websites with bitcoin, that red tape simply does not exist. Whether you are depositing or withdrawing funds, the transaction will happen instantaneously and is not subject to review or approval by a government entity or banking institution. Because you are not having to pay dues to these large financial players, the fees associated with deposit and withdrawals of bitcoins are almost always less than transactions in terms of a traditional currency, such as the USD.
As far as safety is concerned, bitcoin transactions are the safest around. Each and every transfer of value (eg. Deposit/withdrawal) is tracked in a public ledger that can be viewed by anyone, at any time. Even though every transaction can be viewed, the persons involved in the transaction are encrypted in such a way that no one can view nor access them. What this means is that the number of bitcoins currently circulating can be independently verified by anyone and everyone at any point in time, meaning you can guarantee that there is not someone simply creating additional bitcoins in order to increase their own wealth. The fact that names are encrypted means that your personal information is never put out there for anyone to see.
On top of all of this, both withdrawals and deposits of bitcoins happen instantaneously. The same cannot be said of many traditional forms of deposit and withdrawal.
Where to Play Bitcoin Poker
Even though the general topic of bitcoin gambling may be one that is foreign to you, the fact of the matter is that it has actually been around for a few years. Of all the ways you can gamble with bitcoins, few are more popular than online poker. Regularly touted as the top online gambling game, it should come as no surprise that poker has risen the ranks as the top form of gambling on the web.
As you might have expected, bitcoin poker can be played at a variety of sites. The following will present you a few of the top sites offering bitcoin poker.
mBit Casino was founded in 2014 and has quickly risen the ranks as one of the top providers not only of bitcoin poker, but of many other bitcoin gambling games as well. Their dedication to a top-quality user experience is shown very clearly in their constant running of promotions, 24 hour customer service department, and a plethora of other ways in which they reward players simply for choosing their site.
If it is a variety of poker games you are looking for, look no further than Betcoin. While other sites are content to offer nothing other than Hold’em, Betcoin goes above and beyond to offer a multitude of different poker games such that players of all types can join in on the action.
BetOnline has been around a lot longer than most of the bitcoin-specific casinos, but has only recently began accepting deposits and furnishing withdrawals via bitcoin. As a trusted name in the industry, BetOnline brings a bit of familiarity to a sector of the industry that is anything but familiar for most.
Where to Play Other Bitcoin Casino Games
Though there are quite a few places where you can play online poker with bitcoins, there are also plenty of traditional online casinos that have been created to exclusively deal with bitcoin transactions. Megawins is a newer bitcoin casino site, but what they lack in experience they make up for in innovation and user-friendliness. First and foremost, mobile gaming is an option for just about every game that Megawins offers. No matter where in the world you are, MegaWins allows you to play just about every casino game without any trouble. This is particularly impressive seeing as this online casino derives its games from a number of different software providers.
What makes Megawins stand out from almost all other bitcoin casinos is the fact that it is licensed and regulated by Atillephone NV. If you take a quick look around the industry, you will find that many of the sites are not licensed nor regulated, and are operating on their own accord.
Finally, Megawins is able to offer a slew of promotions and bonuses aimed at maximizing your bankroll and limiting your spending. We aren’t strictly talking about sign-up bonuses either, because MegaWins has a host of other bonuses and promotions that are offered to new and returning players alike. The VIP Rewards system is also a way by which players are rewarded not necessarily because of how well they play, but rather how often they visit the site. When it comes down to it, MegaWins rewards all of its customers regardless of their skill level. This is not something you will find being offered by many other bitcoin casinos.