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.