The best Bitcoin casino

Once, only cash was involved, then there were online credit card deposits. We are in the 21st century and in the casino you can pay with cryptocurrency . Below you will find a comprehensive guide to crypto casinos where you can play with Bitcoins, the best casino for Bitcoins (top list). If you've never played with Bitcoin before, you'll soon know all about it. After we briefly explain how the Blockchain works, how to make a deposit with Bitcoins and how to choose best South South Africane casino with Bitcoins. We promise that you will not be disappointed and will receive answers to all your questions.

When creating the Bitcoin casino ranking, we also took into account bonuses offered , customer service, quality and quantity of games in the portfolio, and others payment methods .

Most Bitcoin casinos use the same payment system – Cubix, so the method of depositing funds is no different. When choosing the best casino for Bitcoin, you need to focus on other things as well. However, you don't have to spend hours chatting with consultants to get valuable information and compare casinos. We have already done this and below is a list showing the best online casinos with Bitcoins.

Recently, when Bitcoin has become very popular in South Africa, online casinos with bitcoins have also gained popularity. Bitcoin's price has gone up a lot in the last four years. . However, it took several years for bitcoin to be taken seriously and become a widely accepted currency. "In South Africa, Bitcoin still has a vague legal definition". It is defined as an identification mark, as well as a public transport ticket, a pass, a locker room number, a payment voucher. For this reason, it is not covered by VAT or civil law tax. However, we must remember that Bitcoin does not really have a physical value and we should always protect ourselves. It is good to operate with Bitcoin, but for this reason we should not keep all our funds in the form of cryptocurrency . According to some economists, Bitcoin will one day simply fall, according to others, the cryptocurrency is about$8. However, it will probably operate on a slightly different basis than before.

What is Bitcoin?

Bitcoin was founded in 2009 and has been on the market for almost a decade. During that time, the currency has had its ups and downs. The origin of Bitcoin is shrouded in mystery, because we know only the pseudonym of its originator – Satoshi Makamoto . His identity was unknown for a very long time, however, in 2015, as a result of a journalistic investigation, it was discovered that behind the pseudonym stands Craig Steven Wright Australian businessman and computer scientist. Wright has admitted to creating Bitcoin, although the Bitcoin community believes it is a scam.

How Does Bitcoin work?

Bitcoin is the so-called third-generation means of payment. It solves problems that occur with the use of cash (ease of theft and falsification of funds), and online transactions (dependence on banks). In the case of payments of the second generation, this involves the need to pay fees, share information about our funds and income, allows the control of society by financial institutions. Bitcoin is a means of payment that allows you to go beyond this closed system.

Bitcoins can be sent anywhere in the world without paying additional fees and through the intermediary of other institutions. We do not entrust our data or funds to third parties who can exercise control over them, manipulate them. Bitcoin cannot be faked right now.

This cryptocurrency operates in a strictly defined system, and everything happens openly and correctly in legal terms. In order to register an account and use Bitcoin, you only need to provide an email address, personal data is not necessary. It is therefore both an anonymous and super secure means of payment .

We mentioned that all bitcoin network transcriptions are public. Well, every transaction (deposit, deposit) is recorded in the so-called transaction book of the Bitcoin network, which every user of the network has access to. The trading book cannot be changed, so it cannot be modified. As a user of the Bitcoin network, you also have access to the transaction book. It is no longer stored and edited by an external institution such as a bank . Thanks to this, the Bitcoin system drastically reduces the possibility of financial fraud. Each user of the system also has an individual key that allows him to operate, and check the balance of bitcoins on the account. The book, in fact millions of copies of it, is the so-called blockchain (a word that may have caught your ear). A transaction is recorded on each of the books (blocks), and we can authorize it with a private key . Therefore, there is no possibility for another user of the network to usurp our Bitcoins or send them to another user's account.

Satoshi's goal was to create a network that is governed by democratic laws. It is independent and not subject to any financial institution that can control and have insight into our transactions. Thus, Bitcoin is an independent currency, completely open and allowing to free itself from the system controlled by banks.

How to make a deposit to the casino on Bitcoins?

The deposit is based on having a Cubits account, which allows you to instantly buy or sell bitcoins in EUR. Similarly, BTC Transfer works, in which funds are withdrawn from your bank account and then exchanged for Bitcoins. All Bitcoin casinos have an integrated system that allows you to make a very fast deposit. What is it?

Just go to the online casino deposits tab and US
you will blankly select the box with the Bitcoin logo. Soon you will be redirected to the broker's website, which will allow you to instantly buy bitcoins and deposit them into the casino. After a while, you can enjoy playing at the casino for the bitcoins you deposit.

Is it worth playing at a casino for Bitcoins?

If you have a wallet with Bitcoins available there, they will be converted into one of the standard currencies. In the case of South South African casinos it is most often the currency EUR or USD. Of course, many of the players still do not trust cryptocurrency and opt for a standard deposit. Below you will find information on what are the pros and cons of depositing it using Bitcoins in the casino.

+ Privacy
For both the player and the casino. Bitcoin operates on the principle of a system in which each user has an individual key to their transactions and account. To register an account and get the key, just enter your email address. There is no need to share your personal data. No third parties gain access to financial information in your account, balance status, etc.
There is also no possibility of chargeback (refund), which sometimes happens in the case of credit cards controlled by the bank.

+ The situation in South South Africa is quite troublesome for the player when it comes to deposits. Many payment methods have disappeared from online casinos, some of them, although they still appear on the deposit list, do not work in practice. In this way, 24 transfers disappeared from casinos, or electronic wallets . More and more players are looking for alternative payment methods . One of them is Bitcoin and that's why more and more casinos are choosing to integrate with this system .

+ Casino payments with Bitcoins are instant . The deposit will fund your casino account within a few seconds of the payment order, the withdrawal of winnings will go to the account within a few moments after it is accepted by the casino payments Department.

+ Finally, using Bitcoin is completely anonymous . Bitcoin is not officially recognized as a currency in the Parliament, so it is not subject to taxation. In addition, no additional fees will be charged for using Bitcoin. So it seems that Bitcoin is directly created for casino deposits!

Disadvantages of using Bitcoin casino

• The downside of using Bitcoin may be that although the cryptocurrency is becoming more popular, it is still not so easy to find a Bitcoin casino. Fortunately there is an Kougatourism!
• Remember also about the fact that recently Bitcoin is growing in strength, it does not mean that it will always be so . For now, it's just a cryptocurrency whose exchange rate can fall significantly. So we advise you to invest in Bitcoin, but do it carefully.

Summary and assessment

Bitcoin seems to be a great alternative to payment methods that have disappeared from South African online casinos. It is fast, anonymous and does not require payment of commissions or fees. All you have to do to make a deposit at the casino using Bitcoin is register an account with an intermediary that will allow you to purchase Bitcoins and use them at the casino. You have to have the courage to take that first step...