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Bitcoin is a popular cryptocurrency that attracts enthusiasts of innovative technologies. Today, it has entered the gambling sphere as well, and the number of operators willing to start a Bitcoin casino is increasing. Here are the reasons why Bitcoin gambling platforms engage players and a simple guide on how to create an online Bitcoin casino.
What Is Bitcoin Casino?
Bitcoin casino is a gambling platform that offers players an opportunity to make deposits and withdrawals in cryptocurrency. It provides a possibility to use traditional payment systems for fiat money transactions, as well as crypto payment methods to pay in Bitcoin. This way, it appeals to both old school players and gamblers who favor new technologies.
Do not miss:Bitcoin Gambling Legality
Benefits of Bitcoin Casino
Players choose Bitcoin as a payment method due to its unique benefits, such as:
- Instant payments: Bitcoin transactions take significantly less time than usual payments as all money transfers are made directly.
- Low fees: No financial institutions are involved in crypto transactions, therefore, users don’t have to pay high commissions while depositing or withdrawing money.
Bitcoin helps online casinos to attract a large number of players as it offers:
- Confidentiality. Online casinos usually require users to register and to do so, they have to provide their personal data as well as bank accounts for wins withdrawals. Bitcoin, in its turn, allows to conduct transactions anonymously and guarantees personal information protection.
- Low deposits. In Bitcoin casinos, players are allowed to make minimal deposits. For instance, the deposit may be equal to the amount less than a dollar. This feature is especially loved by players who aim at enjoying the process of gambling and not at getting huge wins.
Operators willing to start a Bitcoin casino should be aware of Bitcoin’s high volatility and remember that Bitcoin’s price depends on various factors and can dramatically change in a short period of time.
How to Open a Bitcoin Casino?
While starting a Bitcoin casino, operators should follow the same basic steps as while launching a traditional gambling platform. It is essential to analyze the market, create a business plan, and get a license. However, software development is one of the most complicated parts of the process.
It is important to buy software which will be entirely safe and reliable, therefore, operators should only turn to trusted developers. Apart from that, the attention should also be paid to the payment systems integration. It is necessary to offer users a wide choice of ways how they can deposit money.
Today, the Bitcoin gambling platform software is offered by different companies. Slotegrator provides this innovative type of a Bitcoin online casino with already integrated payment systems. Operators will get:
- the reliable casino hosted on a secured server for smooth operation;
- a ready-to-use financial infrastructure with integrated payment systems, allowing users to make deposits in Bitcoin, as well as other popular cryptocurrencies;
- integrated high-quality gaming content;
- casino management and control tools;
- suspicious activity tracking and anti-hacking programs for a fully protected operation;
- newsletter management and other marketing tools for a Bitcoin casino promotion;
- advanced configuration of loyalty programs to encourage players to stay in a Bitcoin casino.
While thinking about how to set up a Bitcoin casino, entrepreneurs should take into account the importance of high-quality software. If it is well-developed and guarantees a secure and smooth operation, gamblers will keep playing in a Bitcoin casino.
Bitcoin is a well-known digital currency that can be used for payment making and cashing out at online Casinos. It’s a banking option available to all players worldwide provided you own a Bitcoin wallet which is compulsory for you to store, send and receive coins.
As a digital currency, the use of Bitcoin at gaming sites is very simple taking only a few minutes, due to the fast processing of deposits plus the lower fees charged during the same. This form of currency is also exceptional for mobile gaming transactions.
Getting Started
You have to meet a couple of easy conditions before being able to deposit coins into your account. First, you have to create your personal Bitcoin wallet by signing up at a respectable company amongst the very best in offering this service. Just but a few companies to consider when looking for your digital wallet provider are Hive and Armory.
Choosing a wallet from a reputable company will enable you to protect your coins anytime you’re not using them. This normally takes a few minutes because only on provision of your username, password and email address you’ll be through with signing up for your wallet. Below are examples of wallets you can choose from;
- Hardware Wallets: Trezor or Ledger
- Cloud wallets: Coin Base and Blochain.info
- Desktop client wallet: Electrum, and Bitcoin Core
How To Create An Online Bitcoin Casino Card
After getting your wallet you’re able to receive payments from your wallet supplier-given address but if any case you want to use the online casinos for making payments, topping up your Bitcoin wallet will be necessary. There are a number of ways by which you can buy Bitcoins.
The easiest way involves visiting a Bitcoin exchange from which you can enter the amount of money you’re willing to spend on coins, type in your wallet address then select a payment method. In a matter of seconds, you shall have received funds at the given address thus be ready for use. To increase your scope and flexibility, here is a description of this and other methods you can use to get Bitcoin.
Getting Bitcoins
Online Casinos That Take Bitcoin
Listed below are some of the means by which you can acquire Bitcoins;
Exchanging your Fiat at a Bitcoin ATM-here you’ll be able to acquire Bitcoins through this if there is a Bitcoin ATM around you. It entails inserting bills into a slot on the machine and displaying the QR code representing your wallet public address on a scanner. You can visit Coin Base Bitcoin ATM Map for a list of updated Bitcoin ATMs
Buying from Bitcoin Exchanges–this is the most used way of getting Bitcoins. Bitcoin exchanges are online platforms from which one can buy and sell Bitcoins. Most common ones include Bitstamp and Coin Base.
Acquiring resources and mine-this used to be the best option during the early days of Bitcoin but due to the increased difficulty in mining with time, it’s never a way you can easily rely on.
Making Deposits
Now that you have your Bitcoin wallet loaded with bitcoins and you want to make Bitcoin deposit at an online casino operator of your choice, the question now becomes; How do you do it? You should never worry about that because Bitcoin deposits are done in few minutes.
To start making your deposits, you have to visit the cashier while logged into your account then select Bitcoin. On the deposit screen, there will be the Casino’s wallet address you’re to use while making payment plus the QR code to be scanned, an excellent option for mobile gamers.
In a case where the mobile device with your bitcoin wallet has got a camera, send in the wallet, input the gambling site’s address and scan the QR code. Enter the amount you’re to send from the device and hit the `send’ button. Copying and pasting the public address into the text form your wallet is another option. This would apply in a case where your wallet device lacks a camera for scanning the QR code.
Caution!
You’re reminded never to transfer your Bitcoins directly to the casino account from an online exchange. First, transfer them to your wallet then send to the online casino. Wondering why? This is because a number of cases where online Bitcoin exchanges block client accounts due to such transfers have been reported.
It’s also important making sure the amount you’re sending or depositing be inclusive of the miner’s fee which goes to those maintaining peer to peer network responsible for supporting, verifying and confirming Bitcoin transactions. Hitting the send button on your wallet, it will take a few minutes and the money will be reflected on your account’s website. After that, you’re now ready to kick off placing bets on the go via your mobile device or however else you like it.
Conclusion
How To Create An Online Bitcoin Casino Game
From the above guide, you can now see that making deposits using Bitcoins is not a difficult process being more straightforward than methods such as the use of credit card. Provided you have your Bitcoin wallet funded it’s fast and very cheaper than any other online monetary transaction.