Bitcoins are on everyone’s lips. Just like other cryptocurrencies. There are now also the first blockchain games that use coins. Online casinos are also jumping on the bandwagon, here is one of the most popular.
With a sharp rise in price, the internet currency Bitcoin has increasingly made it back into the international media and financial markets in recent months. With the ever-increasing popularity of the Bitcoin system, many online casinos have decided to introduce the cryptocurrency as a payment method for their customers.
In fact, there are many advantages to gambling with Bitcoins: transactions are processed anonymously and quickly in particular, and there are no chargebacks like with credit cards. Therefore, Bitcoins are also best suited as a fast and direct withdrawal option in an online casino.
Online casinos with Bitcoin payment methods have the same varied and diverse range of games as traditional casinos that offer payment methods with euros or dollars, among others. Of advantage for new players are the attractive generous bonus offers. Those who register and make a minimum deposit of 10 euros receive an additional bonus amount from the provider and often also free spins. A bonus can be activated, for example, in this online casino with this Sunmaker bonus code.
Bitcoin – who invented it?
No one knows for sure. Although the name Satoshi Nakamoto is always mentioned. But whether the name is a pseudonym, whether another person or a whole group is behind it, no one has found out to this day. In any case, in 2009, the Bitcoin currency originated from Satoshi Nakamoto as a response to the financial crisis. His idea: he wanted to use Bitcoin to get away from the power of banks and international financial markets and develop his own currency that could exist completely independent of political influences.
How does one get bitcoins?
Any Internet user can produce Bitcoins on their computer. However, the so-called “prospecting” (mining) is highly complex and requires intensive computer computing power, which is associated with very high power consumption. As with other currencies, the value of a Bitcoin is determined by supply and demand. However, in contrast to classic currencies, the price trend of Bitcoins is downright breathtaking.
Bitcoins are currencies in digital form that, like all other currencies, require a Bitcoin wallet for storage. They are offered on the Internet and a wallet is very easy and quick to create within a few minutes. The next step is to purchase Bitcoins through exchanges, which work like the other classic financial markets. Prospective buyers and sellers are brought together on a platform (peer-to-peer marketplace) to exchange Bitcoins in a secure environment. As a rule, the Bitcoins can be acquired against payment with the classic bank transfer or via credit card. The transactions are straightforward and within a very short time, the purchased Bitcoins can be transferred to the wallet.
To protect a Bitcoin wallet from hackers as much as possible, a long password should consist of numbers, special characters as well as upper and lower case letters and it should also only be used for the Bitcoin wallet.
Those who want to use Bitcoins as a means of payment should keep in mind that the cryptocurrency is exposed to much stronger price fluctuations than other currencies such as the euro or the US dollar. While the Bitcoin value has multiplied rapidly in recent months, it is just as possible for Bitcoin prices to plummet and halve in value. The rates are very difficult to predict and that is why it should never be left out of sight. Especially when playing in online casinos.100 euros in Bitcoins are sometimes quickly worth only half. At the same time, it is also possible the other way around and you can make a high exchange rate profit in addition to the possible profit in the online casino.
- absolutely secure payment method
- fast money transfers without formalities
- safe and anonymous payments
- without intermediary banks
- independent from other currencies or exchange rate developments
- very low fees
Absolute anonymity, security and speed of payments on the Internet characterize the Bitcoin currency. This is because Bitcoin withdrawals are transferred directly back into the Bitcoin wallet. If you value anonymous gaming, you should register at a Bitcoin casino. Because in many other online casinos, the player before he gets the money paid out, must first send a copy of the identity card and an invoice, on which the residential address is listed, for identification.
Bitcoin casinos do not require any personal data and the processing remains anonymous. While traditional money transfers incur two to four percent in fees for the credit card company, Bitcoin casinos do not charge any fees for transactions. The online casinos like to pass this saving on to their customers with special bonus offers or higher payout ratios (RTP, Return to Player).
Cloudbet unveils new site for German fans
- Crypto betting provider unveils EM offers and Gamomat slots
- Germany among favorites to win tournament, according to Cloudbet odds
Cloudbet, the leading bitcoin casino and sports betting provider, has unveiled a range of exclusive betting offers and a fully localized website for German customers just in time for Euro 2021.
On the occasion of the tournament, which starts on June 11, German players can receive up to €100 in free bets on Cloudbet by placing 1×2 bets on the group stage and elimination round matches before the start of the game. In addition, games from the renowned German provider Gamomat will be added to the casino portfolio this month, exclusively for German customers.
All this is in addition to the well-known welcome bonus worth up to 5 Bitcoin and responsive 24/7 customer service on Cloudbet.
“We want to offer the German-speaking market the best platform to bet on Euro 2021 with Bitcoin,” said a Cloudbet spokesperson. “With the participation of Germany, Austria and Switzerland, there is a huge interest in the sporting event in the target market.”
Cloudbet was founded in 2013 and has established itself as one of the world’s leading bitcoin betting providers. Over the years, Cloudbet has built an excellent reputation in the crypto niche based on unparalleled security and fast payouts. On the German site, players can place bets with a total of 12 cryptocurrencies, including Bitcoin, Ethereum (more info here), Bitcoin Cash, Litecoin, USDT, Dogecoin, and Dash.
Cloudbet’s German sports betting site offers the lowest margins on a variety of sports and betting markets around the world, including Euro 2021. According to Cloudbet prices, France is considered the favorite to win the tournament with odds of 5.26. In the 24-strong field, the DFB team is still in fourth place with odds of 8.05.
In the casino section here, Cloudbet offers a wide selection of slots and a live dealer experience with all the classic table games. Exclusively for German customers, Cloudbet is adding slots from local provider Gamomat to its casino offering in June. Gamomat is known for its collaboration with German slots pioneer Bally Wulff and offers high payout ratios and attractive jackpot features.
In addition, casino players who play any of Evolution’s participating live game shows during the European Championship can win raffle tickets for a massive €100,000 prize pool.
The upgrades and special promotions for German players come after a milestone year in 2020, when Cloudbet introduced new offerings such as eSports, politics betting, virtual sports betting and direct purchase of cryptocurrencies directly on the site via credit card or SEPA.