Tag Archive: Bitcoin casino

When the first stone age man threw a handful of dinosaur bones onto the ground as dice, we have all been somewhat addicted to the idea of gambling. Whether for money or just to prove we understand the future better, everyone loves to take a flutter once in a while. There are many deep-seated psychological reasons behind this, with many being related to the same emotional rushes we get from drugs and sex. However, knowing why we gamble isn't going to necessarily affect those who love gambling.

Take a look at the payment or banking page of any reputable online casino and you'll be facing a huge number of options. Everything from traditional bank wire transfers to credit cards. Then there are the e-Wallets like PayPal and Neteller. Today we're taking a deep dive into the Skrill Money Transfer System. Though it offers many advantages over other processing options, it's not all plain sailing. There are some downsides, especially in relation to their fees and time delays for transfers.

For those who are enamoured of the ideals behind cryptocurrencies, then using them to fund your online casino account makes perfect sense. But only in one factor does it win over the use of fiat. It's true that the transaction times ate instant, whereas virtually all other funding methods may take longer. But ideas about cryptocurrency anonymity are just foolish. All online casinos require their players to fill out KYC paperwork. This will include both personal and banking details.

Since its inception almost 20 years ago, Bitcoin has seen a more recent rise in price that has taken it to amazing financial heights. So it's no surprise that online casinos are now accepting Bitcoin as standard fare for deposits and withdrawals. For casino players, it offers both the security of the blockchain as well as anonymity. As you can imagine, governmental agencies are not so fond of Bitcoin and would like to be able to control it more. Just be very wary of the currency's volatility.

As new customers are the lifeblood of all online casinos, it's no surprise that the industry is always on the lookout for new ways and incentives to attract new players. With more traditional online casinos having two decades of experience, it's no surprise that we can see new Bitcoin casinos using the same tried and trusted techniques. These incentives include the ubiquitous welcome bonus, as well as free spins. But we suggest that you take a deeper dive into the site's terms and conditions.