Bitcoin casinos are part of the best online casinos in Australia. This is because playing at these casinos will offer players several benefits that they will not be able to find at other online gambling sites. Besides, with bitcoins, you are literally using online currency, therefore, what better place to use an online currency that at a place that operates online like online casinos?
That being said, if you are keen to start playing at Bitcoin casinos in Australia then you have come to the right place. AS we have all that you need to know when it comes to using Bitcoins at online casinos, fro the best AU online BTC casinos to the good and the bad that comes with using this payment at top AU online gambling sites.
A Brief Introduction to Bitcoin Online Casino Gambling
Bitcoin is a virtual currency that is decentralised. It’s also not regulated by any 3rd parties or central and federal banks. It’s a currency that exists outside the framework of the normal banking channels. Those who bank with Bitcoin enjoy complete anonymity and do not get taxed.
Bitcoin is now considered a very viable form of virtual banking.
Best Australian Bitcoin Casinos
- mBit Casino
- Mars Casino
- 7 Bit Casino
- PlayAmo
- bitstarz
Benefits of Gambling With Bitcoin
Gambling online through the best Bitcoin casinos assures you the following benefits:
- A lower house edge
- More secure online banking
- Very low transfer fees
- Fastest online banking transactions
- Ability to bank and play in complete anonymity
- Bitcoin casino bonuses for depositors
Bitcoin Casino Games
When you play at a Bitcoin casino, you have access to all the same table games and slots that you are accustomed to. Bitcoin betting sites have partnered with the very same software providers that other providers use. This means Bitcoin casino players have access to the same games as everyone else.
In addition, you are able to access the best Bitcoin casinos through your mobile apps or internet browsers. Bitcoin casinos work with iOS, Android and Windows smartphone or device user. Most Bitcoin casinos make use of HTML5. This means there is no need to download the casino software. The games offered are the same as on your desktop computer.
Steps to Setting up A Bitcoin Casino Account
Registering for a Bitcoin account is very easy.
- Go to a Bitcoin site such as bitcoin.org and set up a Bitcoin wallet. Choose the type of wallet that you want to use e.g. software, online or hardware. We encourage you to research on those before you choose the one you like.
- Once your wallet has been set up, get some bitcoins to put in it. Acquire bitcoins from friends/family directly, a bank, or visit a reputable Bitcoin reseller. The best and reliable way is through online exchanges.
- Now, find a Bitcoin casino or an online casino that accepts Bitcoins. Next. Deposit into your casino account by choosing Bitcoin as the payment method and follow the prompts.
Advantages and Disadvantages of Using Bitcoin
Like every man-made item, there will pros and cones that come with using each payment method at online casinos. It is the good and the bad that comes with using each and every payment method regardless of the number of benefits that it may give to its players.
Pro’s
- Transactions are completely anonymous
- Cuts out the middle man are the banks
- No regulation by any financial bodies
- Offer player instant transactions, bot in the deposits and the withdrawals
Con’s
- It is not all online casinos that will allow you to use this method as there are some online casinos that do not accept bitcoins
- It is counted as a currency in several parts of the world.
- There is a fear that it can be used by terrorist fo the wrong reasons.
History of Bitcoin
Bitcoin is the original cryptocurrency which allows trading without going through third parties or government taxing. Since 2011, some casinos started offering banking options in support of cryptocurrencies. This is when Bitcoin stabilised and actually became a more serious form of banking. Some online casinos have become exclusive Bitcoin casinos.
Initially, financial advisors doubted Bitcoin would take off and succeed. When Bitcoin proved all doubters wrong, Bitcoin casinos opened for trading.
Conclusion
Playing at Bitcoin casinos in Australia has several benefits and part of those is safety, security and anonymity. Also at Bitcoin casinos you that you will get instant transactions as is the nature of Bitcoin, that being said, for the best online casino gambling experience in Australia, you need to make sure that you are playing at Bitcoin casinos today.