Gambling with Bitcoin
We have covered so many different types of crypto but not the big Bitcoin or BTC. This cryptocurrency was all the talk a few years back when its value skyrocketed. Since then, things have become “more stable” but Bitcoin is still very volatile.
Created back in 2008 by a mysterious person or people known as Satoshi Nakamoto, it has quickly become one of the best-known cryptocurrencies. This is especially so in the United States where its economic boom coincided with a financial crisis.
Why use Bitcoin to gamble with?
Bitcoin has all the pros that other cryptocurrencies have. For one, it’s anonymous and it can avoid geo-blocking. When you gamble with Bitcoin, the only thing you share is an address. Thanks to the fact that many countries don’t consider Bitcoin a currency, it’s not seen as illegal to bet with cryptocurrency. Combined with a VPN and you can be anywhere and gamble on what you want.
BTC is not the fastest crypto for payments and withdrawals, but it sure is faster than fiat currencies. It can take from a few minutes, up to a few hours. If that’s still too long for you, there are other cryptocurrency options that are way quicker.
How can you get BTC?
The process isn’t very difficult. You first want to do some research into an exchange that is both secure and offers what you want. Make sure that it allows you to withdraw your Bitcoin into your personal e-wallet. You do not want to leave your BTC in the exchange, find a goos e-wallet and keep your crypto in there until you want to use it.
What can you gamble with?
Well, almost anything. Most online and even some land-based casinos accept cryptocurrencies. Many developers create slots and virtual tables that allow BTC too. So if gambling with cryptocurrency is what you want to do, then there is nothing stopping you.
Just be aware, that cryptocurrency does not change the fact that gambling in all its forms is addictive and has ruined the lives of many. If you or someone you know is struggling with a gambling problem, don’t be afraid to reach out for help.