Today we will talk about one of the most popular types of payments – payments using cryptocurrency, and above all transactions with Bitcoins on btc カジノ in Japan. We will try to explain in simple words what Blockchain is, how to open a deposit in Bitcoins, and then what methods you should use to transfer your winning funds to your virtual wallet.
What is Bitcoin?
A decentralized digital currency like bitcoins raises many questions for players, especially beginners, and the main one is: which casino accepts bitcoin transactions? The difficulty is easy to explain: casinos accepting bitcoin payments usually use the Cubix payment system, so practically every gambling house deposits funds in more or less the same way. So, you have to choose different rules for carrying out the evaluation, which requires time to read the regulations or telephone conversations with consultants. We decided to simplify the situation and developed a set of criteria ourselves to compare gambling houses accepting payment with Bitcoins. The evaluation of gambling houses included the number of games in their portfolio, the level of popularity of their providers, accepted payment methods and offered bonuses.
How does bitcoin work?
Bitcoins appeared on the market in 2009, and the originator of this cryptocurrency is still unknown as he hides under the invented name of Satoshi Nakamoto. Bitcoin’s price has experienced both crazy highs and drastic lows throughout the history of this cryptocurrency’s existence, but over the past few years it has been steadily, although not very rapidly, rising. In addition, there is now no doubt that it is a widely accepted currency (although the legal status of Bitcoin in Japan is still not precisely defined – it is only defined as a payment voucher, so operations using Bitcoin are exempt from tax on civil law transactions or VAT).
Bitcoins have sometimes been called a third-generation means of payment. The use of this means of payment avoids the problems that arise when making settlement operations using cash, including theft of funds and counterfeiting. In addition, it is more convenient when making payments online, as it is quite independent from banks. Making second-generation payments is possible only on the condition of providing information about where the income comes from, that is, such payments are based on the control of citizens by state financial organisations. Bitcoins, on the other hand, are a currency with which financial regulations are made directly by the participants of the system.
Why do the best online casinos not only offer bitcoin among the available payment methods, but even encourage customers to use bitcoin? Every transaction made with bitcoin, whether it is a deposit or transfer of winnings from a bitcoin online casino – is public and is recorded in a transaction ledger. The information in such a ledger, including those regarding payments at casinos, cannot be modified, and this means that bitcoin is the best option for anyone who is afraid of scammers and appreciates fair play.
Furthermore, being a user of the Bitcoin network, you will receive an individual key with which you can spend your cryptocurrency to play in the Bitcoin Casino or check your account balance. The operation will only be authorised if we use our individual key and, in addition, other users of the system confirm it with their own individual keys. This means that no member of the system can misappropriate another user’s bitcoin.
Some Bitcoin Casinos offer really seductive deposit bonuses, which some players think are free btc. In a way, this is true, but in order to withdraw such a bonus, players usually have to meet a “wagering requirement”, which means that before the bonus becomes available for play or withdrawal, the gambler has to place a number of bets for the amount of the deposit multiplied by the number indicated in the terms and conditions of the particular casino. In order not to be disappointed, we advise you to consider such a bonus as an additional chance to win more money. This is a common and normal practice, because if casinos distributed money left and right, they would soon simply cease to exist.