How We Evaluate the Trust Level of Bitcoin Casinos

Post Thubmnail

There are 1000s of casinos around the world today. Many of them except bitcoins as a payment method. Here on the page, we distinguish between true bitcoin casinos and hybrid casinos.

A true bitcoin casino let you deposit bitcoins, and then you use bitcoin on the platform for as long as you want without converting them to US dollars. When you want to withdraw
money, you can easily do that in bitcoins. It means that there are no currency fees, and you don’t need to take into account any changes in the valuation of BTC vs USD. Since the value of bitcoin has high
fluctuation, it’s a gamble by itself to convert it to another currency for gambling. On a true bitcoin/crypto casino remove on dimension of the gambling.

A hybrid bitcoin casino has another strategy. In reality, it’s not a bitcoin casino. It’s a casino that has bitcoins as a payment method. As soon as you deposit BTC to your account, it will be exchanged for USD.
All betting and gambling are done in USD or Euro. If you win, or get bored by the casino, you need to convert back your USD to bitcoins before you can withdraw your money. You have double risk in other words.

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We Partner Up With Great.com to Do Good!

Great.com has started the initiative “iGaming for future” with the goal of Uniting the Gambling Industry to do Good. We want to help!

We have partnered up with them to help prevent the spread of malaria. Malaria, which spreads through mosquitos, kills over 625 000 people every year. 70% of which are children under the age of 5 and the disease is the #1 killer of pregnant women in the world.

Thanks to this collaboration we have raised and donated enough money to buy and distribute 467 mosquito nets in Kampemda ZdS, the Haut Katanga Province in Congo. These nets will protect 841 people from the deadly mosquitos and prevent approximately 200 cases. People sleep under these nets, and it is during the night where the mosquitos are most dangerous since that is when we as humans are the most vulnerable.

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Dogecoin Casinos UK – Are They Available?

One of the strangest outcomes of the cryptocurrency craze has been Dogecoin. It originally launched as a joke back in 2013 but has gone on to become one of the most prevalent types of cryptocurrency available. It’s a great example of the industry’s unpredictability.

However, actually being able to use Dogecoin to pay for things is rare. Very few vendors have signed up to accept it. One industry that has online casino - but are these sites available in the UK? Read on to learn about the current status of Dogecoin casinos UK.

Licensed Dogecoin casino not available

You cannot currently find a Dogecoin casino that’s licensed by the UK Gambling Commission (UKGC). That’s not because they’ve been banned outright. In fact, at the time of writing, the UKGC has written specifically aboutcasinos that want to accept digital or virtual currencies. However, the current rules make it pretty much impossible to adopt cryptos.

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Bitcoin Payments for Online Casinos in India

Cryptocurrencies are more popular than ever and have become a kind of stock market on their own. Gold has been a common and solid investment for a long time, but there is a new sheriff in town when it comes to investing in valuables.
There are several popular cryptocurrencies to choose from, but the king of the bunch is of course Bitcoin. The increase in both value and amount of people that use it has led to online casinos starting to accept it as payment.
There are several benefits to using cryptocurrency as a banking option at gambling sites, making it a nice addition to the Indian casino enthusiast.

Safe and secure

One of the biggest advantages of paying with cryptocurrencies is that it is simply one of the most secure ways to go about it. Several layers of encryption and verifications throughout the process make it very safe and transactions are instant. Many online casinos even encourage you to use crypto due to it also being a safe way for them to accept payment without the risk of fraud.

Instant withdrawals

Another advantage of using Bitcoin or similar is that the transactions are instant, both deposits and withdrawals. Often withdrawals take at least 24 hours for the online casino to process, sometimes up to 72 hours or even a week. For many gamblers, the withdrawal time is crucial when choosing a site and nothing competes with instant withdrawals.

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Top Gambling Payment Providers for New Players

Long gone are the days when online casinos and gambling sites accepted one or two forms of payment methods. In today’s gaming market, it’s not uncommon for most gambling sites to accept over 20 different banking options. With so many payment methods available, there are plenty of choices so that everyone looking to play real money casino games and bet on sports can do so - safely and securely. Of course, this is great for players and operators alike.

If you’re newer to the online gambling world, you may think that paying with your debit card is the best way to make a deposit. However, there are many alternatives to choose from, some of which may be better than traditional methods. We’ve highlighted some of the best casino payment methods below. You may not have heard or tried some of them, but we’ve chosen them because they will enable you to make the quickest, safest and most convenient deposits and withdrawals at online gambling sites.

Bitcoin/ Crypto Currency: Bitcoin and other cryptocurrencies have become much more mainstream than a few years ago. Many online casinos and gambling sites accept Bitcoin and Cryptocurrencies because there are many benefits for players and operators. Lower costs and instant and anonymous payments are just some of the reasons why people are switching to using this non-traditional payment method and currency.

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