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Bitcoins to Become Available at Online Casinos

Bitcoins to Ease the Gambler's Burden: Deposits and Withdrawals Made Simple

Added: July 11, 2013

The hardest part about being an online casino player is managing your finances. It is either there is a delay in money transfers, or some legislative issue in the country you live in, or a slow e-wallet with an awful customer service that never gets anything done. You may also be wary of security hazards, or hate the fees that electronic transfer services charge to deliver your money. All in all, depositing and withdrawing at online casinos are never completely pleasurable experiences.

The great news is that this may be about to change as developers have considered this problem thoroughly and have designed a solution that will blow your mind: Bitcoins!

Fair enough, maybe that did not tell you much about how your life is about to change radically, but let us explain it to you in a bit more detail. Bitcoins is an electronic currency method that replaces money on the Internet, and many online casinos are considering adopting it as their financial mechanism. It was first introduced in 2008 by Satoshi Nakamoto, who called it peer-to-peer electronic cash system. The real high value of Bitcoins is that they function as a currency which can enable players to avoid the tribulations of dealing with banks to process online casino payments, since the transaction occurs directly between the player and the online casino.

Currently, Bitcoins are being used in many countries, and, once withdrawn, they can easily be exchanged for US Dollars, Euros, and other currencies. A truly interesting fact is that the Bitcoin has its own value, and as of May 2013 it exchanges at USD 125 per Bitcoin. The Bitcoin is also used in the investment market, and some big banks are known for making transactions with the company and showing interest in developing the electronic currency project further. As of today, the money supply of the Bitcoin network is estimated to be USD 1.4 billion.

This could be a revolutionary method for players to manage their online casino finances comfortably, we will make sure to keep you updated on further developments of the accessibility of Bitcoins and online casinos. Do you think Bitcoins could make your online gambling experience better? Have you had any experiences with Bitcoins? Feel free to share your thoughts and comments with us.

To learn more about Bitcoins we suggest reading though the wiki resource found here: https://en.wikipedia.org/wiki/Bitcoin