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If you are a type that love gambling in bitcoin casinos, you should be conversant with the word “high roller”. People who routinely stake a large sum of money to play their favorite gambling games from popular game providers use this word often and often. The first thing that comes to the mind of people when they hear the term “high roller” is either Monte Carlo or the renowned Las Vegas where you can find most of the prominent top-notch gamblers in a colorful suit and big briefcases containing cash.
What are Bitcoin Casinos and How to Choose Them?
- Types of Bitcoin Online Casinos For High Rollers
- Benefits of These Casinos
- Legality And Licensing of Bitcoin Gambling
- Compliance Issues
- Offers for High Stake Players
- VIP Treatment for High Rollers
- Bitcoin History
- Features of This Virtual Currency
- Fraudulent Activity with Bitcoin
This day, many high rollers are not just restricted to offline games anymore. With the advent of online-powered Bitcoin casinos, dedicated gamblers are now able to do what offline high rollers do in the solace of their own home using virtual currency like bitcoin rather than dollar cash.
The question is now, how would you pick the best Bitcoin casino among the many numerous Bitcoin casinos available today? Try not to worry too much about it. Check here the expert bitcoin casino reviews and ratings of crypto gambling sites that accept virtual players and high rollers. Find out their licensing aspects in different countries, get some tips for dealing with compliance and bitcoin gambling legal and illegal issues with cryptocurrency and provably fair gambling.
With this kind of gambling club, you often . Moreover, the primary focuses of bitcoin casino are licensed and regulated markets, bitcoin gambling site’s anonymity and most importantly, privacy guarantee, in light of the fact that checking of players reports is not that necessary. In fact, most BTC casinos operating today only request for them whenever the issues of security are being handled and reviewed. Casino Bitcoin players can really rely on bitcoin casino’s confidentiality. Besides, as other betting rooms, bitcoin casinos have different bonus offers from bonus 1 BTC with 30 free spins up to bonus 10 BTC 50 free spins.
Types of Bitcoin Casino Online For High Rollers
There exist two major kinds of Casino that accepts Bitcoins: Bitcoin-Only and Hybrid Casinos. They both acknowledge and accept BTC currency, including other cryptocurrencies. We should look at these two in full details.
These bitcoin casinos are the ones that essentially permit only the use of BTC by high rollers to both stake and withdraw. When BTC first came into the limelight and become something that people reckon with, the only payment option for players who preferred using bitcoin was just to stake in Bitcoin-Only Casino since no major online casinos were allowing any digital currency then. This is not the case again today. Most casinos now accept mostly Bitcoins and other reliable virtual currencies.
Hybrid Bitcoin Casinos
These bitcoin casinos, on the other hand, are essentially the ones that have BTC added for staking and withdrawal purposes. Most players who happen to be cryptocurrency users make use of the Bitcoin as a payment method in Hybrid Casinos since it is more organized and trusted than Bitcoin-Only Casinos.
The one and the only reason why most players prefer Bitcoin-Only Casinos to Hybrid Casinos is all because of their anonymity. A normal online-based casino will request for names, addresses, and other credentials. But, apart from the bitcoin address of the player, the Bitcoin-only Casino doesn’t request for any other credentials again.
Whenever you’ve made up your mind to stake and play at a Bitcoin casino, always remember that there are two major kinds of the casino and the Hybrid one has been observed to have all the features of the BTC-only casino, excluding the anonymity.
To be more specific of crypto casinos look at this list of best bitcoin casinos: check Mars casino review or review BetChain, 7Bit casino, Bitcasino.io, casino BetChain, King Billy casino, Konung casino, Loki casino, Mbit casino, Oshi casino, Vegascasino.io, Fortune Jack, BetChan, Bovada, BetKing, Playamo sportsbook, etc. Some of cryptocurrency casino rooms are focused only on playing with BTC: Mbitcasino, Casino Mars, casino 7Bit, FortuneJack, CryptoWild, CloudBet, BitStarz, BitcoinPenguin, Betcoin.ag and many others.
These Bitcoin casinos 2019 and Bitcoin gambling sites are usually powered by giant software providers with DireX API like Amatic, Betsoft, Endorphina, Microgaming, Netent, Softswiss which are popular not only among USA players but in Europe too: Sweden, Germany, the UK, etc.
Benefits of Bitcoin Casinos
Most bitcoin casinos usually offer 24/7 live chat support and customer care, vast gaming experience with security and a lot of reasonable reward programs for the benefit of their registered players. They likewise issue out withdrawals as fast as possible and have only one motive – Customers first. Bitcoin casino always makes their registered players feel exceptional and consider themselves lucky to have joined.
Some of the Bonus programs that the top-notch casinos accepting the BTC offer include easy transactions, quick gameplay mode, and absolute instant cashout. The most imperative contemplations mostly found in this particular kind of bitcoin casinos are customer security and support when it comes to transactions, and games provably fair.
They also provide intelligent Software. You won’t want to worry yourself much over downloading and wasting time on complicated programs installation. This is where high roller bitcoin casino comes to play by ensuring that you can begin playing faster than ever before. You can even decide to do an online download of that particular software or make use of an alternative choice called Instant Play.
Most of these software exhibits more beneficial features and great user experience, but you can play your most loved selection of games table and slots using bitcoins when the Instant Play program application is accepted and it is absolutely accessible from any PC. Both choices exceptionally render all kinds of help or hints to help you successfully play a wide variety of games VIA the Internet.
Your most loved provably fair games aren’t only easily accessible in many bitcoin casino websites, but also your effort is being crowned with lots of lucrative bonus programs, competitions, and jackpots. You won’t initially become a bitcoin casino player directly like that when you step into the average casino, but within a matter of minutes, you will find yourself thinking, feeling and acting like one, most especially if a Lady Luck is assigned to stay by your side.
Confidentiality at BTC Casinos
What you should always look forward to in any bitcoin casino is their confidentiality. You can play a range of games casino the way you like without revealing your genuine names. Simply enter a nickname whenever you are creating an account. You won’t be delayed or kept waiting from playing or redeeming your winnings.
No Third Parties And Commissions at BTC Casinos
The use of digital currency like the BTC does not have room for any third-party and their respective commissions to be involved (according to Bitcoin’s Creator Satoshi Nakamoto plans and prospect for it). In such situation, speedy transactions often occur. Withdrawal request can be issued out at short time interval unless it is intentionally delayed by the bitcoin casino.
Legality And Licensing of Bitcoin Gambling
The bitcoin casino legislation is exceptionally developing and leaves rooms for several speculations. E-sports betting industry as at now is in its developing stage, artifact emerging from variety of games great made up the bets, and the rewards are additionally redeemed by them. It can’t be regarded as real money, but better artifacts that can be easily sold out for an equivalent amount of real money.
Presently, there are open deliberations may be it is a legal wagering or not and operators of this so-called betting industry are now confused by all this controversial fact and more so, ambiguous decisions coming from authorities in charge of e-currencies..
Choosing to work their business lawfully, they attempt to see first whether offering betting services for the bitcoin currency is lawful, whether a , and what kind of players can be acknowledged and allowed to play on a country basis. All in all this new concept of bitcoin casino is called “provably fair”.
|Country||Online Gambling||Bitcoin Regulation||Summary|
Bitcoin might be considered as money in Argentina but not as an official legal tender and therefore, not regulated. Besides the above situation, the Bitcoin currency is currently used in Argentina.
They are closely watching the Bitcoin, and planning to it, so those managing it should have a good record.
The Belgium government is currently holding back in regulating the digital currency and they consider the movement an insignificant step to take.
Brazil held the 2018 World Cup, but it was prepared to use the Bitcoin currency. A law was passed in October 2013 particularly for varieties of digital currencies.
Canada doesn’t see Bitcoin as any legal tender and has decided to regulate it as a Monopoly cash.
China officially made a declaration that Bitcoin is never their legal tender and it should not be circulated in the market. But, the citizen are still allowed to transact with the digital currency.
Bitcoin is not considered as money it is being used legally Regulation could come later on.
There is no interest for bitcoin in Denmark. Recently, a statement was issued dismissing the bitcoin as a legal tender and stating clearly that bitcoin won’t be regulated and no license in Denmark.
|States||Online Gambling||Bitcoin Regulation||Summary|
Accommodates general and particular forces, for staking machine licensee application advances from the board, for board minutes and records.
Encourage USC (United States Congress) to restrict regulation which would disallow states from approving and leading Internet gaming.
Allows certain intuitive poker game selection that is thought to be skill games rather than lucky games; incorporates definitions, approval, required shields and least norms.
Compliance Issues at BTC Casinos
(i.e. 2 hybrids and 3 bitcoin-only), it was observed that usually that most bitcoin casinos do not ask for any individual or budgetary information. You simply require your email and birth date, but there are still some casinos (apart from hybrid ones) who wants their reputation to be protected and thereby will definitely in your wallet.
Such bitcoin casino may choose to look into your behavior or conduct during games bitcoin or may approach the security division to ask for some of your documents such as and so on. They need to be certain about their own safety and that of their respective customers. Most bitcoin casinos who are so thoughtless about these measures have been shut down by appropriate authorities in the past.
Notwithstanding, mixing has some shortcomings that scientific examiners can explore. Not long after Silk Road closed down, some people with managerial access to one of the recently developing black markets left with 90,000 worth of Bitcoins from customer’s escrow bank account.
The hoodlum attempted to make use of a mixing service provider to launder the cash, however, wasn’t sufficiently persistent to cover the tracks. It is always hard to push a lot of Bitcoin through mixing service provider. A few authorities consider these bitcoin mixing services so unlawful, so it is best to stay away from using them if you want to be sure about the total safety of your bitcoin wallets.
Casino Offers for High Stake Players
Storing and betting a considerable measure of BTCs can likewise bring about players being given VIP status. A few bitcoin casinos give included advantages the more that a player bets. This incorporates store reward and week after week cashback.
Being a player in the high roller bitcoin casino can likewise mean a lot. Online-based gambling clubs might be willing to give high rollers with big stakes an intensive service, special competition welcomes, and that’s only the tip of the iceberg.
Higher Limits at Bitcoin Casino
Playing crypto games in bitcoin casino is always a player dream come true. There are no restrictions to make a deposit and withdrawal. They are most of the time free and instantly processed. They also provide .
There are 2 principle components that have made many bitcoin casinos most preferred by most high rollers than others. One is the means by which huge the limits are and the other is the way the casinos VIP treatment look like in the eyes of their greatest players. The table underneath analyzes the limits of the top bitcoin casino games:
5 – 30 BTC
Casino Slot Games
1 – 3.5 BTC
Live Casino Games
7.5 – 20 BTC
Bitcoin Bonuses and Promos at Casinos
The Bitcoin casino has turned out to be extremely competitive due to various online-based casino websites that offer and special functionality such as security, unwavering quality, and dependability. Always check bonus terms page before claiming any bonus card.
In this particular section, we shall be looking at some of the profound casino bonuses being offered by those online-based bitcoin casinos to their registered customers – both existing customers and newcomers. You can notice at some affiliate program and bitcoin casino reviews, including our blog site, different bitcoincasino bonus offers like deposit bonuses up to 5 BTC or free plays as a deposit bonus – bonus 100 free spins, 150 free spins, 180 free spins. Moreover the are super promos that combine both parts – free and deposit. Among them you may come across such offers: bonus 5 BTC 100 free spins, or 5 BTC 250 free plays or match ones bonus 100% up to 1 Bitcoin or 100% bonus up to 2 BTC. Whatever you like!
VIP Bitcoin Casino Treatment for High Rollers
Essentially, all gambling clubs offer special service called “VIP programs”. Being a high roller in bitcoin casino, you will need to take a close look at their individual top level, and this will give you an insight of how they are so ready to reveal the you request. Having a committed bitcoin casino is necessary, particularly since this will provide you the chance to effectively request for more, and it is the sole duty of the casino’s VIP manager to ensure that you are always 100% satisfied, and they will make a special effort to do as such.
These VIP programs in bitcoin casino have a tendency to be directed toward the top of the line and you need to ensure this is the situation. At the end of the day, the bitcoin casinos offer the VIP program that can generously reward you on percentage basis like than the low-class players. These promotions can be like bonus $150 up to 1 BTC, or bonus up to 1 BCH, or enormous bonus 200 free spins, etc. There are also frequently various advantages accessible and if there are some things that you really want, you are always free to ask as VIP member.
Are bitcoin wagers and cash out transactions recorded on the blockchain?
The moment you deposit into and make a withdrawal request in a bitcoin casino, these transactions are recorded directly on the blockchain. The gambling platform only record every other internal transaction. Thus, your main balance isn’t always 100% of your bitcoins until you make a withdrawal request back into your bitcoin wallet.
Would I be able to wager on the current bitcoin value?
You can make a deposit using BTC and ensure you are given a position in case the value of the bitcoin rise or fall in a preset time span.
Is bitcoin betting/casinos lawful?
It would be ideal if you check out the laws & jurisdictions backing bitcoin casinos.
Are bitcoin casinos superior to standard casinos?
Bitcoin casinos have their respective drawbacks but are getting to be a major alternative to standard money. Wide selecion of online casinos are now acknowledging and using Bitcoin currency together with standard cash.
1. How to Get Bitcoin?
In this section, we shall be looking at diverse ways you can acquire the Bitcoins today. Here they are:
This is a special way of addition records of transactions to a Bitcoin’s open record of past transactions actual called Blockchain. This record is a chain of Blocks as the name implies. The Blockchain helps to affirm transactions and add it to the network.
Bitcoin miners often make use of special software to work out mathematical problem sets and are rewarded with a certain amount of Bitcoin for their job. This look like an intelligent strategy to give out the digital currency and furthermore make a motivating force for more people to go into bitcoin mining business.
You can purchase bitcoins directly from sellers who want to offer their bitcoin out or through exchange website or free bitcoin faucet tools. You make your payment in different ways which are raw cash (in various fiat currencies: CAD, EUR, AUD, USD, etc.), debit cards, wire exchanges, credit cards or even with other digital currencies apart from Bitcoin, depending on your location and the seller terms. Exchanges give an exceptional degree of security, safety, control over your assets, privacy and current information.
2. How to Use It at Crypto Casino Sites?
It is fairly easy to play online-based bitcoin casinos. Just know the way the Bitcoin work, have a bitcoin wallet issued by a secure provider and develop your skills on your chosen game
These three stages are really essential and should be adhered to:
Ensure to get a secure bitcoin wallet before playing any game
Fund your Bitcoin wallet
Enjoy bitcoin games and don’t worry about anonymity issues
When playing with Bitcoins, players can possibly make transfer among themselves. A player can likewise purchase Bitcoins with hard cash. A man can create an account with the bitcoin casino before getting cruptocurrency.
3. How to Work With Casino Cashier?
All finances are usually handled in a particular part of the bitcoin casino called the Cage. Credits are also supplied by the managers to the customers in this same Cage. Due to this reason, the customers need a Casino Cashier to handle incoming cash from every source present in the bitcoin casino. It is the duty of the casino cashier to count and make an accurate recording of the money going to and fro. He should likewise discover any inconsistencies. He does a stock list of all the income, including the wagering chips and the credit notes.
Making a Casino Deposit
First and foremost, we have to take a close look at both minimum deposit limits and the highest stakes that an online-based bitcoin casino offers, not exclusively to ensure that these are sufficiently substantial to suit your taste, however this likewise gives us a more comprehensive thought of how well a bitcoin casino can successfully deal with the bigger cash that high roller bring.
The higher these cash are, the more prosperous they will be with you playing with them, and the more dependable they will as well be. A while later, give out your Bitcoin wallet ID which is a special string combination of at least 20 numbers and letters. It resembles an address where your BTCs are sent to and fro. Your transaction is then checked and verified in a matter of minutes and you can begin to stake.
You likewise need to ensure that the processing of your withdrawals is done immediately, and online-based bitcoin casinos will frequently make a special effort to help you out. Some even do it without your intervention, but you have to ask sometimes. But, it is advisable not to ask as you stand a high chance of being selected for bonuses and rewards.
You also need to check out bitcoin casinos withdrawal limits before you make your deposit. It is not right to win an entire bundle of cash and afterward discover later that withdrawal limits are far too low and that it will take you a long time to redeem it.
The Bitcoin network, created by an hacker anonymously which goes by the name Satoshi Nakamoto, first came into limelight in 2008 and since, has been rising in value. Its usage has been affected by several factors that have rendered it volatile.
However, in spite of such volatility issue, more than 100,000 bitcoin transactions are being performed in a single day and the numbers keep on growing as a result of the permission-less features integrated into the Blockchain. As at 2014, a huge number of organizations over the globe now acknowledge bitcoins, including a portion of the biggest online retailers leading the market.
Features of This Virtual Currency
Bitcoin has been labeled “money of the future” in recent years, but what really are the properties in Bitcoin that separate it from other cryptocurrencies? What are the technology above “distributed ledger”, typically a blockchain algorithm possesses which tends to be more attractive to people the very first time they come across it?
Below are the features that would make many Bitcoin (Satoshis) users, as well as other altcoins (Bitcoin Cash, Dash coins, Dogecoin, Ethereum, Litecoin or LTC) desert from it the moment they hear the features have been removed.
There is no central bodies or government that mint or print the Bitcoin, but rather the digital currency is being minted by the interested group of miners. Due to this reason, Bitcoin now looks like a decentralized network.
Ease of Use — Working With Wallets
The Bitcoin wallets possess a wide range of features – one of them is ease of use. The instant sending and receiving of Bitcoins are one of the greatest user experience ever and this function is being modified every day for easy usability. Most wallets for the bitcoin currency nearly operates like your personal bank. It gives you a chance to transfer and get a lot of bitcoins.
There are numbers of bitcoin wallets available today to pick from. They are different from one another in some ways or the other in terms of their features and the devices they are being operated on. It is highly recommended to know about these wallet types to enable you to pick the one that will be convenient for you.
Hot and Cold wallets
All wallets are categorized either into a hot or cold wallet. The one that depends on an internet connection or is hosted online is regarded as ‘hot’. Definitely, cold wallets are the ones that are independent of the internet and can be used offline. Out of this two categories, the cold wallets is believed to look more secure and is highly recommended for the storage of large amounts of bitcoin while the hot wallet is often made use of on a regular basis for everyday accessed money
This type of wallet requires you to properly install and operate them on PCs. They are easily accessible and often used offline. They can be installed on several operating systems such as Mac OS, Linux Ubuntu OS, and the Windows OS. A typical example of desktop wallets is Armory which is widely known for its profound securities. Other wallets include Hive, mSIGNA, and Multibit.
We always use our Smartphones almost every time for many daily tasks nowadays which thereby led to the creation of a special type of bitcoin wallet called mobile wallets apps. Such wallets include Blockchain, which is both accessible on the IOS and Android platform. You can also use Bitcoin Wallet if you are a Blackberry user. Mobile wallets feature enhanced securities, QR code capability, and instant transactions.
Other bitcoin wallets include Online web wallets, Physical wallets, Bitcoin Clients, Hardware wallets, to mention but a few.
The blockchain is not only serving as an open record forever transactions done over the Bitcoin network, it can likewise be adjusted to suit different needs such as property ownership, file storage, and assets trading. The Bitcoin transparency and the Blockchain innovation are advantageous in so many unpredictable ways.
Fraudulent Activity with Bitcoin
Players staking in High rollers bitcoin casinos should always be cautious while making use of Bitcoin, on these grounds that the hoodlums have developed more refined strategies to use Bitcoin for some criminal acts such as money laundering since every bitcoin transaction details are open and can be accessible by everybody.
Appropriate Bodies including the Financial Action Task Force, the Federal Bureau of Investigation (FBI) and the European Banking Authority have proven that BTCs might be used as a means to seal money laundering deals. Also, online-based bitcoin casinos with large cryptocurrency stakes can be considered safe. But still, and train themselves about gambling platforms websites before joining.