Bitcoin

By magdalena
27 January, 2022

He has already heard virtually everyone about Bitcoin. The main representative of the "alternative" currencies, popularly known as cryptosal. It was Bitcoin to initiate these whole "boom" to the perception of the world of finance in a different light, and also for many have become a life-changing investment. Bitcoin - a solution that everyone doubted, yet today is one of the most popular payments in the world.

The big advantage of Bitcoin is that this method is really safe in itself. In addition, cryptosals also offer much greater privacy users compared to traditional currencies. Some smaller (eg Bitcoin), while others are fully focused on providing clients with absolute maximum privacy - these are the so-called Privacy Coins. One of their most popular representatives is Monero.

  • In principle, there are no fees for transfers and possession of a portfolio.
  • Much greater anonymity than when using other payment methods
  • The Bitcoin system is really safe
  • Relatively large commissions with transactions made on cryptovalum exchanges
  • A large variation of Bitcoin exchange rate

Shortly about Bitcoć

Bitcoin is the most popular and at the same time the oldest of all cryptowaluts. It was Bitcoin's "Father" other cryptowalut, and it does not apply only "forks" such as Bitcoin Cash, but all other cryptowaluts, even those that are completely different (eg Ethereum).

Bitcoin was created in 2009. At first, his popularity was not particularly large - some fans of the new technology have invested small sums, which after Bitcoin at the end of 2017 literally "fired up", turned into a really great amount, making some investors multimiliarders. Bitcoin price in 2013-2016 remained more or less the same level - a lot below the summit, which this cryptopal has reached in 2017, although there are still a lot more than almost zero value when the creation of this cryptolts in 2009.

It is also worth mentioning here that Bitcoin is limited - a maximum of 21 million coins are possible to mining. In addition, which is also the reason for the huge popularity of this cryptowaluty and the controversy present around it - Bitcoin is decentralized - no government institution or the state does not care for this system.

How to buy Bitcoin?

Many people, especially those absolutely green in the world of cryptowalut, wonders how basically we can buy Bitcoins. Where do you get them from being able to use them in casinos and bookmakers?

Bitcoins and other cryptosalites can be purchased on a cryptolet exchange. They work on a very simple principle - just as if we exchanged one currency on the second in the online currency exchange. We assume an account on a cryptopal stock exchange, we make identity verification, we pay banking agents or card and buy our cryptolet. It is then stored in a wallet on the stock exchange from which we can make payments to other cryptopular portfolios.

Simple, right? Of course, cryptovalum exchanges are not the only way to buy a cryptopal. We can also do it very easily with, for example, Revolut Bank, which for some time offers clients the ability to quickly and conveniently convert Fiat currencies to cryptosal.

Bitcoin features

Bitcoin technology itself is really complicated, which is why it is not necessarily easy to understand what this is all about reading some more technical articles. Below are some of the most important features of Bitcoin cryptated, which will approximate the principle of operation of this system and show why it is such a great and valued solution.

• All transactions are final - this is just both and good and bad. In some cases, it is worth a guarantee that the transaction will not be withdrawn in any way. We received media and no one will take them. On the other hand, if we confuse BTC addresses and send their funds other than we planned - most likely we will not get them back.
• Decentralization - by many recognized as the greatest advantage of Bitcoin - this means that no institution does not care for this system and is not able to increase the number of token-to-extract or change its value.
• Blockchain - that is the so-called block chain. This is the so-called "Bat BTC", which contains all transactions made using this cryptoped. This book is public and everyone has an insight into it. Although, contrary to what may seem to us, it is a very anonymous solution. No data owner data is available, except for the IP address of the portfolio from which a transaction was made.
• Wallet - There are many types of portfolios - internet, on a computer, phone, as well as a physical wallet. The most dangerous option is an internet portfolio because we are directly exposed to hacker attacks. Not that this happens somehow often, but this is a definitely uncooled method - especially for more funds. The safest option is a physical portfolio - zero any internet connection - we have it with you, just like cash.

Bitcoin and payment and withdrawals

Making a deposit to the casino using Bitcoin is very easy. Not every casino supports cryptolor transactions, but this is a fairly popular method and we will certainly not have the slightest problems with finding a platform that will allow us.

Most casinos serving cryptosalites use services "intermediary companies" that easily enable the processing of this type of transaction. Such intermediaries are Cubits and BitPay. Of course there are more of them, but these two are the most commonly used solutions.

Payments to the casino using BTC are immediate, although we must also count on the fact that such a transaction must also be confirmed by blockchain chain. The waiting time for this confirmation may vary, although it usually does not take longer than a half hour.

Security

One of the reasons why cryptopal payments are so popular their security. Of course, many people who do not use Bitcoin technology and not too much about it can be judged differently. They are right. Bitcoin itself is a very safe system for which includes blockchain chain technology (Blockchain) and digital signature of Proof of Work.

Nevertheless, the thefts of Bitcoins or other cryptowaluts by third parties are not unheard. This is not due to the fact that Bitcoin is in a dangerous technology itself, only from inattentive users or, for example, an attack on the stock exchange on which we keep our funds. We will not present here to protect your bitcoins or other cryptovalum coins, although we point out that if we protect your means accordingly and place them in your own cryptopal portfolio - it's hard for a more secure system.

Most theft results from the incompetence of users and storage of funds on the stock exchanges - these exchanges are not banks, they do not offer us insurance of our funds and are not as well protected as bank institutions, which is why it is not recommended to keep your money longer than necessary.

If we respond accordingly, our funds - there is really nothing to fear using Bitcoin technology. The only thing we should do is to familiarize yourself with the issue of the assumption

Your secure portfolio and find out how it all works - it is not as complicated, as we can spend at the beginning.

In addition, Bitcoin is a great choice for all supporters of anonymity - and looking at what ease of our data circling nowadays on the Internet and how many cases of abuse of these data were until then - it is worth guided to anonymity. Of course, Bitcoin is not a typical anonymous currency, such as belonging to the Privacy Coins' Monero (XMR). However, it still offers users a much greater security in this respect than traditional payment methods.

Casino serving Bitcoin

Crypto payments in casinos are still not as common as traditional solutions, such as Wallets Skrill and Neteller or card payment. Many renowned platforms still have not introduced this possibility and until the legal status cryptowalut remains the same, most likely it will not change. However, many casinos and bookmaker plants, however, supports this type of payment. In the network, we will find quite a lot of both strictly crypt-film casinos and those that, in addition to Crypto, also offer traditional payment methods.

Payments through a cryptowalut are particularly useful for players living in Australia, as our capabilities in terms of making payments and payouts have been quite limited after the entry of the gambling law in 2017. It is also a solution that has been very quickly accepted in the United States - players from the US were basically completely excluded from participation in gambling in unlicensed foreign platforms. Thanks to Crypto, the cases are able to avoid these restrictions and continue to enjoy the gameplay.

Below we exchange several examples of popular online casinos that support cryptolts.

• BitsTarz
• FortuneJack.
• BTCVegas
• CloudBet
• Playamo

What is Bitcoin?

Bitcoin is the most popular and at the same time the oldest of all cryptowaluts. This is Bitcoin is
"Father" other cryptowaluts, such as, for example, Bitcoin Cash, but all other cryptowalut, even those,
Which are completely different. It is also worth mentioning here that Bitcoin is limited - to extract it
A maximum of 21 million coins possible. Bitcoin is decentralized - no institution
Government or state does not care for this system.

How to buy Bitcoin?

Bitcoins and other cryptosalites can be purchased on a cryptolet exchange. They work very much
A simple principle - just as if we exchanged one currency on the second in the online currency exchange.
We assume an account on a cryptolut exchange, we make identity verification, we pay funds
Bank transfer or card and buy our cryptolet. It is then stored in
The portfolio on the stock exchange from which we can make payments to other cryptovalum portfolios.

What is the biggest advantage of Bitcoin?

A much greater anonymity than when using other payment methods.

Is the payment to the casino using Bitcoin complicated?

Making a deposit to the casino using Bitcoin is very easy. Not every casino supports
Cryptovalive transactions, but this is a fairly popular method and we will certainly not have
The smallest problems finding a platform that will allow us.

Is Bitcoin Safe?

If we respond accordingly, our measures - there is really nothing to fear
Bitcoin technology. The only thing we should do is to familiarize yourself with the issue of establishing your
a secure wallet and find out how it all works - it is not as complicated as
We can spend at the beginning.