Bitcoin is a decentralized cryptocurrency without any owner or management controlling it. It is a modern peer-to-peer digital currency that is entirely different from conventional currencies such as the US dollar. This digital currency was formed in 2008 but hit the mainstream market in 2011 as the first cryptocurrency.
How Bitcoin Works
It uses the blockchain technology to facilitate online transactions. You only need an e-wallet to store your bitcoins, and you are set to go. Many online wallets such as Coinbase continue to popup daily to fulfill the enormous demand for bitcoins. You can purchase bitcoins from these online wallets using your credit card.
Mobile Casinos Accepting Bitcoin
With Bitcoin being an emerging trend among mobile casino gamers, it's no surprise that many online casinos are incorporating it into their systems. Such a huge list of casinos often overwhelms gamblers. Don't worry, here are three of the best mobile Bitcoin casinos: Bitstarz Casino, Fortunejack Casino, and mBit Casino.
How to Deposit via Bitcoin
First, you have to sign up for a mobile casino that accepts Bitcoin. Next, you should set up your online wallet and verify it. Fund your wallet via bank wire or PayPal. After choosing Bitcoin as your deposit method, the online casino will generate a string address to send your bitcoins.
Why Use Bitcoin in Mobile Casinos
Some banks do not accept transactions to and from mobile casinos. Many countries have placed gambling restrictions on these banks. Therefore, the best alternative amongst gamers who wager real money is Bitcoin. There is no set of rules governing Bitcoin transactions. If bank deposits don't work in your country, use Bitcoin.
A feature that appeals to mobile gamblers is that transacting via Bitcoins is economical. No country is yet to accept Bitcoin as real money. Bitcoins are therefore not subjectable to taxes. Although the value of Bitcoins is unstable, as an online mobile wager, you should try it. It could end up being your favorite transaction mode.