Bitcoin Gambling

Tyler Durden

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Jul 2, 2016
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Bitcoin gambling has been taking over quite a few sites and has provided a way for new sites to pop up literally out of nowhere. What do you feel about bitcoin in general and do you think it's good for online casinos or not?


For those unfamiliar with bitcoin I will list a few things about it:

  • Bitcoin is a virtual currency that allows low-fee transactions from and to anywhere and it's not tied to banks
  • The value of bitcoins is defined by the markets and therefore fluctuates
  • Allows transactions without the need of providing personal information
  • Non-reversible transactions
  • Easy to obtain via exchanges (a lot easier than a while back)
I have personally been into bitcoins for a bit over a year now and I absolutely love it. In a normal situation when you register on an online casino you provide your name, address, ID, payment information and much more. With bitcoin you can pretty much forget all of that. The way bitcoin works allows gambling sites to allow new players to register just by providing an username and password. You can literally play within minutes! What's even better is that usually cashouts are instant, in most cases few hours at most.

Currently there are quite a few casinos that accept bitcoins and provide large variety of games you would see at a regular online casino such as slots, table games, roulette etc. The more unknown game is "dice", usually with just a 1% house edge is a perfect and simple game to play. Currently there's a lack of good poker rooms for bitcoin which is partly the reason I want to get people know about bitcoin and perhaps get new people on board.

A few bitcoin casino sites:
  1. LimoPlay Casino
  2. Play Casino
  3. PlayAmo
  4. RioBet
  5. Betchan Casino

I am open to any questions about bitcoin so please, feel free to post.
 
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