The popularity of Bitcoin is growing significantly across the globe. This digital money system doesn’t take physical forms like bills, but it’s stored in e-wallets and exchanges in BTC. The main Bitcoin feature is that it uses a decentralized blockchain system, that makes Bitcoin transparent and anonymous at the same time. It means that no government or any other people are able to control or issue the currency. In other words, it has no central bank, therefore it runs in the peer-to-peer market.
Bitcoin in online casinos
Bitcoin gambling has become extremely popular over the recent years. As a result, many NZ casinos accept cryptocurrency as a new payment method. Online casinos accept Bitcoin, as well as other traditional payment methods, such as credit or debit cards, e-wallets, and prepaid cards. Now, BTC is a convenient, fast, and safe deposit method for Kiwi punters.
How to gamble with Bitcoin
Playing top NZ gambling sites allows deposit using Bitcoins, which are then converted to the fiat currency, and back to the BTC during the cashout. However, some casinos offer Bitcoin games, allowing players to use Satoshis, rather than fiat currency.
Pokies, table games, live games use the Provable Fair model of gaming. Provably Fair is an excellent perk of Bitcoin games, since it allows players to verify every bet to ensure the fairness.
Another important perk of Bitcoins is fast deposits and withdrawals. By gambling with Bitcoin, you avoid all difficulties concerning fiat currency, because Bitcoin is not regulated by the government. All the transactions are fast due to the quick verification on the blockchain, and sometimes, the process can be even instant. Withdrawal process requires only the amount you want to cashout, and the Bitcoin wallet address.
Promotions and fees
Additionally, most casinos provide third party payment services, and the player has to pay fees, however, with Bitcoins you avoid this additional fees, since there is no third party. Also, there are many exclusive bonuses and promotions specifically for Bitcoin users.
Using bitcoin, NZ punters will be getting the fastest and the safest ways to deposit money to online gambling sites. You can be absolutely sure in privacy of operations from banks and government. All in all, we can say that Bitcoin gambling is the future of online casinos. The only drawback is a lack of bitcoin casinos, who accept Bitcoins. Nevertheless, in the near future we expect to see a lot more such casinos.
This article consists of three paragraphs, three main questions which identify the trusted casino. After reading the page you will be able to identify the safe indicators of the casino.
The page consists of:
- Main indicators of a safe casino
- Is it legal?
- Is it fair?
- Data protection
When we think about the safety, we usually ask three questions: is this online casino legal? Is it licensed?, and is it fair? By answering that, you will be sure that a casino has only excellent intentions toward players. All the casinos on our site have these characteristics, and that’s why.
In fact, all the casinos are licensed and regulated by reliable gambling commissions. The list includes Malta Gaming Authority, UK Gambling Commission, Kahawake GA, Swedish Commission. As a result, the casino from the rating consists of one or several of these regulators on the board. The reliability of these regulators are without a doubt, you can check all information about them on the official site of gambling authority. In the review of any casino you will find a small description of regulators. All in all, if you’re over the age of 18, you can easily sign up and play.
It’s important to realize that casinos and games are checked by audit company eCOGRA, to make sure that all random generations are fair and show honest statistics. Moreover, it checks the RTP of the particular casino to prove the declared rates.
You’re protected on the site
Deposits and payouts require a high level of security. As soon as you make any money transaction, the information will be transferred through the encryption technology. The example of such technology is SSL (Secure Socket Layer). Millions of sites use it to transfer the data from merchant to customer in the most secure way.
Any gambling activity has risks and it’s very easy to lose more money than you want. Sometimes it can be hard to stop. For that reason, casinos provide a list of rules and methods on how to prevent any type of gambling addiction.
I recommend that you first learn to look for bonuses and use them! Today, the biggest share of casino earnings comes from bonus programs. Make sure to learn about the wagering requirements, how to wager the bonus, which slot machines to wager on, and go collect.
Experienced gamblers like bonuses, but they hate wagering requirements. The players know what they mean, that is why gamblers use them quite rarely. So, let me clarify what exactly the wagering requirement is, what reference it has to the bonuses, and why players recommend avoiding them.
Wagering requirements & bonuses
When you launch a gambling site for the first time, you can see the striking images offering you cash prizes and free spins. This is definitely attractive but remember that it’s not all gold that glitters.
The welcome offers have requirements. The wagering requirements are the number of spins a player makes with the given ‘welcome reward’ before he actually requests for payout. In other words, these wagering terms imply that you have to deposit, make several spins (x30, for example) and only then you can withdraw the money. If you won some, of course.
The number of spinning times (or hands) varies from casino to casino. It depends on their own requirements. So, remember to read the bonus T&Cs before claiming for the offer.
Why do experienced players recommend avoiding bonuses?
As you can understand now, the terms require you to deposit, get the extra money and play these rewarded money through. The last process goes on very slowly especially when the money sum is big. So, you have to make a lot of unnecessary spins. You don’t need them just because you’ll have little profit from the free prize in the end.
Let’s suppose you deposited $50, your offer claims you get 100% deposit and have to wager 30 times. Totally you have $100 to play. But you can’t make ten spins of $0.25 bet and make a withdrawal. You have to meet the requirements, so you spin 30 times. During these rounds you can go low beyond the rewarded $50 and touch already your own budget. As a result, you spend your money and don’t actually win.