Special Feature: Bitcoin Casinos Gradually Emerging in 2015Published November 19, 2015 by Mike P
Bitcoin could be the next great innovation in the online gambling industry, but growth is needed before the cryptocurrency becomes widely accepted.
Innovation is abundant in the online gambling industry. From mobile gaming and live dealers to alternative payments in e-wallets and e-vouchers, it is clear that leading operators are dedicated to breaking new ground. Coming next in the evolution could be the widespread integration of Bitcoin, a cryptocurrency designed to include sophisticated security techniques and complete seamless transactions.
OCR to Extend Bitcoin Casino Coverage
Over months past, Online Casino Reports (OCR) has begun to explore the emergence of Bitcoin casinos. The cryptocurrency has been on OCR’s radar for years, but it has taken some time for Bitcoin to be embraced by online casino sites. Moving forward, OCR is going to extend its Bitcoin casino coverage across all of its global sites. Work is currently underway on this front, but there is already a dedicated page on the main OCR site which you can reach here.
How to Start Using Bitcoin
There are a couple of initial factors to consider before getting started. Firstly, Bitcoin has existed only since 2009, and is extremely prone to volatility. Players are advised to check the exchange regularly to avoid disappointing rates. Secondly, Bitcoin payments can only be reversed if the vendor agrees to perform a refund. And, thirdly, it is recommended to change your IP address after each transaction to maintain complete anonymity.
Now informed, the next stage is to choose a Bitcoin wallet. Over at Bitcoin’s official site, there is an approved list of a dozen wallets. Each has an informative overview that explains the core features. Links to install each wallet have also been provided for superb convenience. Some of the approved Bitcoin wallets to read about are Bitcoin Core, Bitcoin Wallet, Coinomi, and Copay.
Having a functional wallet will give players the power to then start buying cryptocurrency. This can be done through a Bitcoin exchange. Again, it is easier to find an approved partner by checking with the cryptocurrency’s official site. There, it is possible to browse exchange options based on which international currencies they accept. Once loaded with cryptocurrency, it is then time to go play at a Bitcoin casino.
Current Bitcoin Casino Leaders
At present, it can be stated that the Bitcoin casino market is in its infancy and there are years of growth ahead. However, there are already some extremely solid sites that are in a position to perform Bitcoin transactions. Three of the current leaders are outlined below:
- Coin Palace Casino – The presence of SoftSwiss casino software gives players a gaming library made up of slot games, roulette, blackjack, table games, and poker. Accessibility is available on desktop and mobile devices.
- Omni Slots Casino – There is a larger selection of games at Omni Slots, where the software comes from Microgaming, BetSoft, and Endorphina. Players can try more than 200 online slots plus other games spread across table games, progressive jackpots, and more.
- Propawin Casino – There is an excellent selection of games here. Propawin Casino can accept Bitcoin deposits before providing access to defining video slots from Playtech, Microgaming, and GamesOS.
Online casinos have been strong advocates for new technology, and OCR expects more of them to gradually add Bitcoin payments in the future. The ability to give players safe, secure, and convenient transactions will make the cryptocurrency too enticing to pass up. In the meantime, the sites above are great starting points.
OCR is your go-to source for Bitcoin casinos plus everything else you need to know about online gambling.