Bitcoin casinos have been amassing a big following in the past decade since the introduction of the cryptocurrency in 2008. BTC, as bitcoin is also popularly known as, was the first currency to run entirely online without a physical form. Bitcoin is an invention of Satoshi Nakamoto, which is believed to be the pseudo name of the currency’s inventor, but not much is known about the person or group. The use BTC was quick to pick momentum in numerous industries considering the fast rate at which it accumulated value. As of now, the cryptocurrency industry is worth about three hundred billion dollars, making it one of the most valued industries since the history of humankind.
The gambling sector is constantly looking for additions to the sector to make gambling easier for their clients, and the adoption of BTC serves this purpose. Engaging in real money play with this cryptocurrency helps both gamblers and gaming sites with a lot of advantages including:
An anonymous play is not possible when using conventional modes of money transfer since personal details such as name, zip code, and postal code are required for transactions to be completed. With BTC, on the other hand, none of this is required since cash is kept in an online wallet that does not rely on the owner’s information to run. This element makes the currency a lot like physical cash, where information on the previous user is not provided, but that does not affect its value.
- Swift transfers
BTC runs on a decentralized system that is not subject to the laws of any government and does not have any banking institution. Therefore, transactions do not have to be run through intermediaries like those of other currencies, which could take a few hours to weeks. Bitcoin takes anywhere between ten minutes and a few hours to process money transfer requests. Withdrawals take longer than deposits due to the pending period applied by most casinos as a security measure.
- Low charges
The decentralized nature of BTC means that players do not have to rely on a third-party for money transfer services, which in turn eliminates transaction fees. Nonetheless, BTC transfers are stored on the blockchain, which is a ledger that ensures the currency works as it is supposed to and keeps track of its usage. A small fee, which can be considered insignificant goes to the maintenance of this system.
Getting Started With iPhone Bitcoin Casinos
The transfer of money to and from iPhone bitcoin casinos is as easy as when using ordinary cashier options. All one has to do is:
- Acquire bitcoin either through purchase or mining; the former is the easiest and most popular
- Find a gambling destination that is compatible with the iOS operating system, which is used to run iPhone, and supports real money gaming using BTC
- Register an account; in most cases, no personal and financial information is required, especially if the site is entirely a cryptocurrency one
- Make deposits by entering the wallet address where BTC is stored
- Confirm the transfer in your wallet, and wait for the process to be cleared, which usually takes a few seconds and proceed with real money play.
The placement of the money transfer option differs from one casino to the other. Some establishments display it on the homepage while others require the player to open the My Account option.
Choosing the Best iPhone Bitcoin Casino
The presentation of gambling services varies for each bitcoin iPhone casinos, with some excelling more than others. With the numerous choices laid out for punters, it can be hard to discern which one among them is the best. Some of the tell-tales that can be used to make the process easier include:
- Operating license
Some of the most reliable licenses are from the UK Gambling Commission, Malta Gaming Authority, and Gibraltar Regulatory Body. These casino operators showcase excellence in the testing of games to ascertain their fairness.
- Game collection
Players should ensure that their casino of choice offers a good number of games that resonate with their style of play and are powered by premier online gambling software companies.
Players and watchdog site reviews give insight into the services of an iPhone casino since they have already tried them out.
Types of iPhone Bitcoin Casino Games
The sets offered in this gaming sites remain similar to those of ordinary casinos with most software providers optimizing their software for use with cryptocurrencies. Some of the game categories that can be explored include:
- Video Poker
- Arcade games
- Live dealer games, etc.
What is Bitcoin?
Bitcoin is a cryptocurrency that exists only in virtual form but can be used for real money play like other currencies.
Can I play games for free in iPhone BTC Casinos?
Yes. Free games are made as widely accessible in bitcoin mobile casinos as in other gaming entities.
What is the value of one BTC?
The value of one bitcoin fluctuates depending on the market, and it is currently valued at around 5400 US dollars.
Gameplay in bitcoin iPhone casinos can be conducted in both free and real money play for most sets. The free demo versions include fun credits that can be used as stakes in the place of actual BTC.