trustedbitcoincasinos.com – Your number one Bitcoin gambling guide!

trustedbitcoincasinos.com provides reviews of all sorts of Bitcoin gambling sites, including casinos, sports betting, poker, and dice.

Many people new to betting with Bitcoin will look for a site on which they can wager their new-fangled cryptocurrency. Although the payment network itself may be complicated, the games in which you can wager it are not. Casinos offer the same games you would find in a real life venue, such as roulette, blackjack, and slots. In fact, a number of websites offer unique games which can’t be found elsewhere. Some games may have a very low house edge, which make them excellent choices for the average player or professional gambler.

Dice is a simple, yet innovative concept which has quickly developed into a million dollar industry. The idea is simple, but addictive: you pick your odds and the amount of credits you’d like to bet, and you roll to see if you have a winning number. All of this takes place in a matter of seconds. To make the game more exciting, you can use strategies when betting by changing the wager amount manually or with an automated script. The number of possibilities for this game are endless, and this keeps players coming back for more.

Many dice games are provably fair, meaning that you will be able to play them while knowing that they aren’t rigged. The website will be able to prove to you that the results have not been modified since you started playing.

If you enjoy a multiplayer experience, then you might want to try Bitcoin poker instead. It’s almost exactly the same as playing with your friends in real life, except you can play anywhere and anytime. You don’t need to worry about getting dressed, or driving to the casino. Many poker rooms have freerolls and tournaments with buyins. Texas Hold’em is the most common, but games like Omaha are commonly played as well.

Recently, many new sportsbooks which accept the digital currency have opened up. It is now possible to bet on your favorite team whether you support football, baseball, or something else. Some bookmakers offer very competitive odds, meaning that there really is no reason not to use Bitcoin. If you consider yourself to be a fan of athletic matches, you might want to try your luck betting on a game or two.

Unfortunately, there are dishonest companies in the Bitcoin gambling industry, just like anywhere else. Some casinos will take advantage of new players and run off with their money. To find a reliable and trustworthy company, you should read reviews on trustedbitcoincasinos.com before you play!

A Very Brief Introduction to Bitcoin
Bitcoin is a cryptocurrency. It’s a somewhat less traditional form of money, but yes, it really is that simple. On the slightly more technical side of things, a single Bitcoin, 1 BTC, is a string of information, much like numbers and letters, that you can keep in an electronic wallet. All transactions are maintained on a ledger that is copied into every wallet, save for a few special clients that are designed to be lightweight. Meanwhile, a United States Dollar bill is approximately 75% cotton.

The history of Bitcoin
The idea for a cryptocurrency, such as Bitcoin, was proposed by Wei Dai as far back as 1998, but it wasn’t until 2009 that Bitcoin became a reality thanks to a guy named Satoshi Nakamoto. The idea of creating a cryptocurrency was to be able to create a currency with a real world value that could be privately traded. The underlying system is rather complicated, but it works well enough that around $20 million worth of BTC are traded per hour on average. This decentralized system works, and it speaks for itself rather well, albeit with implicit anarcho-undertones.

In the early months and years, any sort of investment into Bitcoin was senseless. It was something that would have to be created from the ground up. You were sure to lose your money. The fear was, Bitcoins would be lost somewhere in the networked sea of the internet. Cash would be lost to bugged code, stolen by hackers, or left to grow stale in a poor and underground internet market. The user base began with small collectives of computer geeks, a relatively small market. There was no initial mass appeal, and legitimacy had to be earned. While the idea was seemingly foolish, it was completely legal, and it was fun, in an outlaw kind of way, the Wild and metaphorically too far West of the internet.

There’s been novelty to Bitcoin from the very beginning, but it was the potential and proven stability of the system that drew the investors slowly in. The creators would have been called overly optimistic if their goal was to reach its recent market cap of between 11 and 14 million USD, but since the beginning their dreams were bigger and further reaching. There is no sure height that Bitcoin will rise to or stop at. The future of Bitcoin and other cryptocurrencies lie in the hands and wallets of a growing network of people and machines.

Legal issues
Now that it has grown rather large, one thing people seem to occasionally question is the legality of Bitcoin. For those that are still wondering, Bitcoin is perfectly legal, but tax evasion and money laundering are not. There is a type of increased freedom that comes with having an unregulated currency that can be traded anonymously. Across the globe, this freedom has undoubtedly created new possibilities and markets, and with it, the potential to do great and sometimes questionable things. The choice is in the hands of the individual.

What does the future hold?
Bitcoin and other cryptocurrencies have only just begun. There is no telling the exact future of Bitcoin, but the end is nowhere in sight. Bitcoin is certainly heading in the direction it was intended to, while picking up momentum along the way. Any sort of significant investment is still for the bold, but regret may also come to the casual observer who only watched something grow. For now, Bitcoin is, at the least, a bemusing infant currency.

5 Reasons Why Bitcoin Online Gambling Rocks

Usually, when playing on an online casino, a player must make a deposit. There are usually many deposit options, including credit card payments, bank transfers, and prepaid cards. Many of these payment methods can be expensive, or time-consuming.

With so many Bitcoin casinos with low house edge and provably fair systems, there really is no reason not to use Bitcoin. It seems pretty obvious why Bitcoin online gambling is the next big thing. In case you aren’t sure why, here are the reasons:

1. Bitcoin is decentralized
Bitcoin’s peer-to-peer nature makes it difficult for governments to regulate it. You can make deposits and withdrawals to Bitcoin casinos anywhere in the world, without having to worry about your transaction being blocked. Bitcoins cannot simply be taken away from you, in the way that a bank account or credit card may be frozen.

The digital currency’s pseudonymous nature also ensures that it is harder for someone to identify you. Many online gambling operators are using Bitcoin as a way to take bets from players all over the world, without legal repercussions. Bitcoin gambling laws are unclear, which leads some people into choosing Bitcoin for betting on the Internet.

2. Bitcoin casino payments are not reversible
If you use Bitcoin for online gambling, you won’t ever face a chargeback from a fraudulent company. Unless you are the victim of a very unlikely double spending attack, you can rest assured that your money will stay in your wallet.

Every transaction is recorded publicly in the blockchain. If a company decides to scam you, evidence can be found inside a blockchain, to show that a certain transaction did, or did not take place.

3. Online Bitcoin gambling is fair
If you decide to play on a provably fair Bitcoin casino, you can be completely sure that you aren’t getting ripped off. Provably fair games will use cryptographic hashes, which allows you to verify that the casino operator is not cheating. For example, the website you play on will usually have a tool that lets you verify your dice rolls, or roulette spins.

For extra security, you can even use player-created verification software which runs offline, or create your own tool.

4. Bitcoin transactions are fast and cheap
Instead of waiting days, or even weeks for a payment to come through, you can use Bitcoin. Transactions only take minutes to confirm on the network, so it would be pointless for an online Bitcoin casino to delay your withdrawals.

The only fee you will have to pay when making a Bitcoin payment is a small transaction fee. It is very low compared to the hefty fees you may have to pay when making an international bank transfer.

5. Bitcoin online gambling is legal
Despite what many people think, it is actually a better choice to gamble online with Bitcoin, rather than with fiat money. Legal Bitcoin gambling is possible because there are a lack of online gambling laws. Since governments have just started to pay attention to Bitcoin, there aren’t many laws that affect it.

Bitcoin is definitely the best payment system for casual players, and hardcore gamblers alike. It is obviously a great way, if not the best way, to gamble online.