UK Bitcoin Casino
Are you aware of what the next big thing that will indeed boost your Internet betting encounter is? Well, we can bet on the fact that it is partaking at a cryptocurrency gaming platform, which only refers to sites permitting players to make down payments and withdraw their earnings using Bitcoins. In a sector which is parallel and at times crisscrosses with the typical web-based and Mobile wagering, casinos supporting this digital currency are a plethora and keep flourishing by the day. For example, a renowned UK betting parlor like William Hill recently began accepting BTC. With that said, we shall delve into what is at play when it comes to playing at this type of online gambling parlors.
Is BTC Betting Regulated and Legal in the UK?
Irrespective of whether you are on the quest for a site that only accepts Bitcoins or is multi-currency, it is essential to ensure that it has licensure in your respective jurisdiction. Hence, this has been a requirement in the United Kingdom since November of the year 2014. As such, licensed gaming sites in this region have a logo from the prominent UK Gambling Commission. Additionally, there are independent testing firms such as GLI or e-COGRA, which validate that the Random Number Generators (RNG) in their games exudes fairness and assess the Return to Player (RTP) rates.
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Platforms that strictly use Bitcoins can function from anywhere across the globe, which means that it is not always apparent as to where they are based. Hence, since some of these cryptocurrency casinos may have their licensure outside the UK, thus being at odds with your local rules and regulations, it is essential to check. Luckily, courtesy of the advent of technology, BTC is conveniently accessible from the most popular betting jurisdictions.
A cornucopia of web-based gaming platforms for UK gamblers has their unique cash-in and payout limits, thereby preventing the participants from conducting transactions that are either too low or too high.
Hence, this means that you can expect these limits when depositing and withdrawing with BTC, and are available on the site’s ‘Cashier’ web page. It is essential to remember that upon cashing-in the coins; they undergo the automatic conversion into the various currencies accepted by the casino, running the gamut from GBP, USD, AUD, and EUR, among others.
With that said the lowest down payment at an array of UK web-based gaming platforms ranges from £5 to £20, whereas the maximum cashout may vary from a coterie of thousands to tens of thousands.
Lastly, the exchange rates from various types of currencies to Bitcoins continually changes and exudes volatility. Therefore, this means that you ought to keep a close eye on these prices to ensure that you purchase the coins when the odds are in your favor. For example, you may find that the value of 1 Bitcoin is equivalent to depositing £100, whereas, at a later time the vale may fluctuate to £150.
As you know, you require meeting specific criteria before you can cash-in some coins into your gaming account.
Players begin by creating their BTC wallets by registering one of the leading companies (such as Kiwi, Dash, and Litecoin, among others) which we shall discuss.
Registration for these wallets takes less than 5 minutes, as it only entails providing your email address, full names, username, and password.
Upon signing up, you will conveniently be able to deposit and withdraw payments to and from the UK online casino of your choice, via the address that your wallet supplier provides.
Participants can purchase these coins in a copiousness of ways, with the most straightforward being, visiting a BTC exchange and entering the amount of money you wish to spend, address wallet, and a payment option. Within a maximum of ten minutes, you will receive the cash in the provided address, after which they will be available at your disposal.
Phenomenal Bonuses and Promotions
Sign-up – As the name suggests, it is an offer that new players receive upon becoming a member of an Internet casino of their choice. For example, William Hill provides a 100% Welcome match, not to mention a multitude of Free Spins that participants can use to play the assortment of Bitcoin slot machines.
No Deposit – As you know, it is a promotion which gamblers receive for creating a gambling account and making a down payment. For example, if you register with Mr. Green and make a cash-in using BTC or any other currency, then you automatically receive an additional €100 alongside 200 free rounds.
The Top of the Range BTC Online Gaming Platforms for UK Gamblers
- Intertops – It is one of the oldest web-based wagering parlors in the industry, as it came into existence in 1996. While it has managed to stay the same, there are a few positive changes. For example, upon creating an account, you automatically trigger a 100% match of your initial down payment OF AT LEAST $20 which the casino then converts to BTC.
- Raging Bull – It is a web-based gaming platform on which players can enjoy the excitement directly on the web browser of their PC’s or portable devices, with no additional download required. With an assortment of more than 200 casino games, not to mention the mind-blowing promotions, players will indeed have an ear-to-ear grin upon joining the site. For example, they will receive a 200% offer of their initial down payment, either in cash or Bitcoins.
- Megawins – It is an Internet gambling parlor under the jurisdiction of Curacao, which penetrated the market in 2016, and functions on a multi-software platform from a cornucopia of suppliers. Additionally, new members earn a No Deposit promotion of 25 Free Spins, and 450 Euros which is equivalent to 1 BTC.
Categories of Cryptocurrencies
While its popularity skyrockets by the day, Bitcoin is not the only available digital currency in existence. As such, there is a slew of independent ones (as outlined below) that have cropped up with their unique features, thereby facilitating a myriad of alternatives for users.
- Dash – Since early 2014, it began as X-coin and Dark-Coin, before it rebranded to Dash. Irrespective of the plethora of scams in the market, the swift confirmation times of Dash, and the top-notch security made it a winner in the market.
- Litecoin – With a striking similarity to BTC, it provides users with technological advancements such as low payment costs and the quick processing of transactions.
- Ethereum – It came about in 2014, and is the sole owner of the other tokens used in the system. Furthermore, it has sufficient measures in place that curb fraudulent transactions.
An Array of Gaming Options
There is a copiousness of games that players can relish with Bitcoins, running the gamut from Dice Roulette, Blackjack, Baccarat, Video Poker, and slots, for example, Greedy Goblins, Book of Pyramids, Starburst, and The Ninja, to list a coterie.
It exudes anonymity as users only require a unique address and hence, do not need revealing their personal information.
It promotes global access as players do not need to travel to any casino since they can partake with these coins from any location, and at any time they wish.
There is an unregulated space, as these types of gaming platforms in the UK offer you the opportunity of wagering in a framework which exudes freedom.
What is Bitcoin? – It is a type of digital currency that people transact electronically, and hence, does not exist physically.
Are BTC payments reversible? – No, BTC transactions cannot be reversed, which means that only the recipient can reimburse the funds received.
Do the Bitcoin games exude fairness? – Yes, they undergo rigorous testing by firms such as TST or e-COGRA which promote justice in gaming.
Evidently, if you are on the quest for something different and discreet, then you will indeed pin down an ideal UK BTC platform for you and put down a deposit. Furthermore, the process of getting started is quite straightforward, with no regrets.