![]() Since then, its value fluctuated, but this tells us about the huge potential that a cryptocurrency can have. In December 2017, Bitcoin has reached its highest value and went over 20,000$. Your casino will never host any cryptocurrency wallets. We support over 100 crypto-currencies and all the integrations are done through a 3rd party payment gateway, for security reasons. Here is a list with just a few of the altcoins that we can integrate:īTC, LTC, ADT, ANC, BQC, CAP, CGB, DGC, DVC, DOGE, FRK, FTC, GLD, IFC, KGC, MEC, NET, NMC, NVC, PPC, QRK, RED, SXC, TRC, WDC, XPM, YAC, ZET, LTCT. Many of the information from this article applies to the other cryptocurrency coins as well. If it’s Ethereum, DogeCoin, Ripple, LiteCoin, NetCoin, LottoCoin, etc. We can help you start an online casino using any cryptocurrency that you prefer. In this article we discuss only about Bitcoin usage. Running a Bitcoin casino is a self-sustaining business (it will basically run by itself and you only need to promote it). The moment you do that, the funds will be sent to the crypto address provided by the user. Withdrawals can also be automated, after approval, meaning that for each withdrawal request, you will see a pending status in the administrator panel that will require you to verify it (optional) and then click the COMPLETE button. The account deposits can be automated so that when a player sends money to the Bitcoin address of your casino, New online bitcoin slots his account will instantly be given the amount equal to the value of Bitcoins sent, without you having to do anything. Lastly, one of the most attractive benefits you can get from having a Bitcoin casino is the incredibly short waiting time for account deposits and withdrawals. That is the reason why many people might prefer to exchange their money to Bitcoins and play at a Bitcoin casino. With Bitcoin casinos, the privacy of your players is fully ensured. Bitcoin transactions are non-refundable and are not the subject of any chargebacks. Also, no credit card chargebacks or refunds are going to be any of your concerns. Therefore, third parties cant access your personal and financial information. Since this is an untraceable currency, theres no way for other people to know where the payment comes from. Its popularity is growing every day and this is facilitated by how easy anybody can create a Bitcoin wallet and receive Bitcoins in it.Īnother advantage of using Bitcoins, for both casino owners and players would be the extreme privacy that Bitcoin gives. The entire network influences the price of Bitcoin, as long as people are still trading it. ![]() The value of Bitcoins is also not regulated by any authority or by any bank. Using Bitcoins within your casino website would be like allowing people to deposit World of Warcraft Gold or Second Life Linden dollars into your casino and gamble them, which is perfectly legal. It also does not meet the definition of currency in any of the current laws. Bitcoin does not use any of those things. The law governing gambling involves banks, cash and credit card processors. In other words, you will never transaction any real money or goods if you are using Bitcoin as your casino currency. Using it as a currency for your casino and accepting deposits only in Bitcoins can mean that your gaming website can run without requiring a casino license (a casino license costs minimum 10,000$ ), since you will not be undergoing any real-money gambling activities. Introīeing considered just a virtual-world currency and not being legally recognized as a real money currency by any state in the world is the biggest advantage of Bitcoin. How to Open Bitcoin Casino or Crypto Casino Why start a casino using Bitcoins? Table of contents 1. 1 bitcoin how much at online casino, How to Open Bitcoin Casino or Crypto Casino
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |