Unless you have been living under a rock lately, you have probably heard about Bitcoin. Bitcoin was created in 2009 by an Anonymous figured named Satoshi Nakimoto. Bitcoin is a peer to peer decentralized currency that allows anyone to send value to anyone in the world with the click of a mouse. Bitcoin uses no banks and the value is set by supply and demand. At the time of this post the value of 1 Bitcoin is about 939 USD.
As you might expect there are certain industries such as the gambling industry where the true power of Bitcoin shines through.
In the old days, getting money to an online casino required a few days of wiring money or direct depositing your funds to the site from your bank. Getting the money out required the same amount of waiting. With Bitcoin, your funds are sent to the online casino instantly and you can start playing right way. When you are done, you can withdraw instantly with the click of a mouse and have the Bitcoins right back in your possession.
Bitcoin casino’s also add another aspect of gaming which is called “provably fair gambling”. I’m not an expert but this adds an extra layer of trust since apparently you can prove that their odds of winning aren’t being tampered with.
Is gambling with Bitcoin legal?
This is a question alot of people ask, I think the short answer is that nobody really knows. Since Bitcoins can be sent anywhere in the world and anyone can set up a Bitcoin gambling site anywhere in the world it will be a tough thing to regulate in the future.
How do I get Bitcoins?
One of the easiest ways to buy bitcoins in the United States is through a site called Coinbase. Basically you link you bank account and then purchase Bitcoins. Coinbase is located in San Fransisco and is backed by some of the biggest names in venture capital funding.
Visit Coinbase
What are some of the most trusted bitcoin gambling sites on the web?
Our site is dedicated in promoting the best and most trusted Bitcoin gaming sites on the web. None wants to send their Bitcoins away and see the site disappear a few days later.
One of our other favorite sites is called Coinbet.cc. Here you can do Sports betting along with all the other things Bitcoin gaming sites have to offer. Plus it has tons of Casino games and offers an extremely generous Deposit bonus of 125%!
If you are into playing poker with Bitcoins, the fastest growing site would be Seals with Clubs. They have been around for a few years and have never let their users down.
Visit Seals With Clubs
As Bitcoin continues to grow, so will the gaming industry, please check back here to find out which ones are legit and which ones are not.
Thank you for reading.
