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The advent of cryptocurrency has opened up plenty of opportunities including Bitcoin Gambling site. Bitcoin, in particular, while it is still not considered as a mainstream currency, has found its niche in online transactions and grown exponentially in value in recent years.
Cryptocurrency in general, is defined as a virtual asset that can be used to transact electronically. Cryptocurrency is a considered a practical means to trade because it is not controlled by banks, governments or central authorities. However, its value is influenced by market forces. Bitcoin is among the first cryptocurrencies available and is one of the strongest and most recognizable units of cryptocurrency.
As a currency, it came naturally that Bitcoin was soon accepted as an legitimate token for online gambling. However, not all gambling sites recognize Bitcoin as a unit for trade, and not all that accept the currency have a system that is free from glitches and the occasional catch.
How to trade with Bitcoin
Before going into the technicalities of Bitcoin gambling site, one must first understand the value of the cryptocurrency.
How does a user obtain the currency in the first place? The most practical answer would be to buy them. Parties purchase these Bitcoin tokens with the use of traditional currency, much like converting your cash to a different currency when you travel. You can also receive Bitcoin as payment for services and good purchases. With more and more businesses accepting Bitcoin as payment, you can use your tokens for your own purchases.
Another way to get your hands on Bitcoins is by mining, but not in the traditional sense. Mining Bitcoins entail a lot of investments to set up the proper equipment for the complicated process. A simpler way to mine for Bitcoins is to join mining pools and working with others, or by paying others to do the mining for you.
Advantages of transacting with Bitcoin
Shifting from traditional payment methods to Bitcoin does have its advantages. Its not just hype because it’s the in thing nowadays. Here are some reasons you should seriously consider it:
Anonymity. When you transact with Bitcoins, your personal information is not traceable unless you make it available unlike with traditional methods where you have no choice but to input your name and other details to push through the transactions.
No third party interventions. Because it is a peer to peer system, banks have no control over your Bitcoins, making them safe from sudden freezes or interruptions in transactions.
Minimal transaction fees. Unlike traditional currency where banks and wire services charge an arm and a leg for processing the transactions, Bitcoin transactions eliminate the additional charges imposed by third parties as well as the long waiting periods for the transactions to push through.
No taxes. Have you ever experienced getting an item on the cheap only to be ambushed by taxes in the final billing? There’s no need to fear that in Bitcoin transactions because there are no sales taxes imposed on them because third parties cannot track or intercept transactions made through this system.
Payment on the go. Bitcoin is a very convenient payment method because you can basically transact anywhere you have internet access.
Bitcoin Gambling Site
With the above mentioned benefits in using Bitcoin as a trading tool, many gambling sites have modified their own systems to accommodate the emerging method of transacting. While not all sites accept Bitcoin as a recognized currency, there are many that have accepted the cryptocurrency as a valid mode of transaction. Hybrid Bitcoin gambling sites are now accepting Bitcoins with other banking options while Bitcoin only gambling sites have shifted their system to recognize only Bitcoin tokens to transact.
Tips in Bitcoin Gambling
As with gambling sites that cater only to traditional currencies, Bitcoin gamblers have had their fair share of horror stories with sites that have failed to deliver on winnings or duped them out of their tokens one way or the other. Make sure that before placing your bets and using your tokens in a site, you have done your research on these gambling sites.
Check for complaints and user feedback to see whether they are up front with their dealings with their clients and widen your options to make sure that the site you will bet on is legit. Check for search terms like scams, complaints along with the name of the site you are researching to check on their background. You will typically find testimonials from your searches that will guide you on deciding which site you would trust with your tokens.
While there are many bitcoin gaming sites that advertise huge bonuses to lure in new players, the more important question is whether they pay at all or pay on time.
Here are some of the things that a Bitcoin gambling site “MUST” have to ensure that you can play to your heart’s content without worrying if you will be cheated out of your money.
Quick Cash Out. Make sure that the site processes deposits swiftly and charges only a reasonable amount for transaction fees. Cashouts should also be processed quickly and with minimal fees.
Betting Odds. Check the odds and the house edge percentages to make sure that the site operates its games fairly.
Customer Service. A positive sign that a Bitcoin gambling site is not doing anything shady is the availability of its administrators to address queries and concerns quickly.
Provable Fairness. Legitimate casinos employ technology called provable fairness to prove the fairness in the outcome of their games. This gives the players the assurance that the odds were not in any way manipulated in favor of the gambling site between the time the bets were placed and the results were revealed. The technology involves a complicated cryptographic hash code that is very difficult to crack.
Bet on Bigbook
Don’t fall victim to unscrupulous fly by night online casinos and place your bets on a reputable Bitcoin gambling site that has your interest at heart. Not only does Bigbook offer lucrative bonuses for you but you are assured that they are paid swiftly and on time.
Bigbook also offers a wide selection of games that you could play whether you’re on your desktop or your mobile device. What’s more, the site offers extra value service by helping beginners understand the ropes with dedicated account managers that will address queries and concerns, no matter how big or small.
You also get to earn more bonuses with your referrals but that’s just the tip of the iceberg. To see if Bigbook matches your gaming requirements, pay them a visit at https://www.bigbook.ag/ or send them a message through Support@bigbook.ag. For promos and rewards, call them at (877) 418-7171