Crypto Betting on 1xbit1: A New Era of Gambling
Before we talk about cryptocasinos, let’s understand what “cryptocurrency” is. In general, this is the name of decentralized money that does not have its own fiscal institutions or ways to control the circulation. Blockchain technology allows recording and storing information in the form of chains of data blocks. Accordingly, 1xbit1 crypto money is a digital product with its own code and record that uses encryption and special verification methods. There are more than 3,000 cryptocurrencies, the most popular among which are:
– Bitcoin (BTC);
– Litecoin (LTC);
– Ethereum (ETH);
– Tether (USDT);
– Ripple (XRP);
– Dogecoin (DOGE).
Owners hold their “crypto” in online wallets on specialized platforms. There it can be listed, bought or sold.
Anonymity, transparency of the game and security of transactions – these are the advantages of digital money that encourage players to choose online casinos on the blockchain.
Cryptocurrencies, as a way of settlements, are gaining popularity and in gambling establishments. Five years ago, you could only play for bitcoins in a couple or three gambling clubs. Today at all rated web resources gamers can deposit and withdraw winnings using crypto wallets in Bitcoin, Litecoin, Ethereum, Ripple, etc.
How to play for bitcoins?
Playing for cryptocurrency is no different from playing for regular money: the same list of slots, the same settings of the simulators, the same system of bonuses and getting actual money prizes. All crypto casinos accept bitcoins and altcoins, but all of them also use fiat money for the settlement to attract customers. Cryptocurrency in any online gambling club on the blockchain is a complete and proper way to replenish the club’s account and receive winnings. Thus, such virtual gambling halls are suitable for gamers who have monetary amounts to spend or gain to become ‘rich’ and play, and they want to do all this anonymously.
How to use bitcoins and altcoins in online casinos?
Bitcoins and altcoins are not exactly the usual payment method, so you need to study our instructions. If you want to fund your casino account or withdraw your winnings, just follow the steps below:
- Choose a casino. Make sure it has a license, payment methods suitable for you, the right games, etc.
- Open the casino site and click on the “Register” button.
- Create an account. Most often there are several ways to register – by e-mail address, phone number, through social networks, etc.
- Enter data. This is mostly basic personal and contact information. All other data are entered in myAlpari later.
- To be more precise, the “Bank” or “Cashier” section should be opened. More times than not the button of going towards depositing or withdrawing winnings is located at top right corner of the casino site.
- Select the “Deposit” or “Cashout” tab to deposit or withdraw winnings.
- Select a cryptocurrency from the list of supported digital tokens.
- Open your cryptocurrency wallet and scan QR code on casino site. Confirm payment. If you want to make withdrawal, you will need to enter your cryptocurrency wallet address into corresponding field.
Money comes within seconds or minutes, the exact time will depend on the speed of transaction processing in the blockchain. If the tokens have not arrived within a day, it is better to contact the casino support service. Beforehand, you should check if you have verified your cryptocurrency wallet, as the problem is related to this!
