What Are Cryptocurrencies And Can You Use Them In Online Casinos?
If you are a web dweller who likes to explore new things on the Internet every once in a while, you have probably heard about cryptocurrencies. If that doesn’t ring a bell, this probably does — Bitcoin.
The digital gold has come a long way, and it needs just a little push before it becomes as official as any other cryptocurrency. Now, Bitcoin has its ups and downs, but, generally speaking, it’s a good thing, as it is based on technology which could really revolutionize the way we perceive finance.
USA online casinos are already embracing Bitcoin big time, and many of them even offer special bonuses for people who opt to use this type of payment method. For example, check out casinos such as Aladdin’s Gold Casino, which offers a lucrative welcome bonus if you deposit in Bitcoin.
Now, there are other cryptocurrencies out there too. Some that are worth mentioning include Ethereum, Litecoing, Bitcoin Cash, and more. However, almost all of them together don’t have the market cap as Bitcoin, which is one of the main reasons why Bitcoin is widely accepted.
Don’t get us wrong — other cryptocurrencies are doing just fine. However, they are not even half as popular as BTC.
Steps To Start
If you want to deposit using Bitcoin and claim exclusive USA casino bonuses, you first need to obtain some, which you can either buy on official cryptocurrency exchanges or exchange it for other cryptocurrencies.
Alternatively, you can ask to get paid in BTC when you charge somebody for your work.
You need a Bitcoin wallet in order to store this crypto. These wallets are usually free and offer you a bitcoin wallet address, which is the main thing you need in order to deposit and withdraw money.
It works just like an email, except that you don’t get to send and receive files. Instead, you receive bitcoin. These addresses are sometimes confusing as they are just a very long random string of characters.
Every casino also has a BTC wallet address where you need to deposit money and get it to your account balance. Mind you, there are many casinos that only focus on BTC, meaning that the currency you play with is actually Bitcoin. However, these are not common.
Instead, the majority of online gambling platforms will simply convert your bitcoins to USD in the process, and you will actually place bets in dollars. Therefore, make sure to check casinos that receive BTC, and have fun!
