For a lot of individuals, Bitcoin might be a new term. Even those who regularly shop and gamble online might not be familiar with it. However, in the upcoming years, it’s a term that we’re going to see a lot of times.
For those who do not know, Bitcoin is a cryptocurrency. This means that it can be transferred online from one person to another with the use of a peer-to-peer network. According to the individuals who utilize it, one of the several advantages of Bitcoin is the lack of a single administrator or central bank. This means that this online money can be transferred from one person to another without the need for an intermediary, like a bank.
To make things simple, you can send Bitcoin to another account extremely fast. It is quicker than the old-school online payment techniques. A Blockchain is a public ledger that will record all the transactions. However, for online casinos, what does all of this mean?
Well, the answer is simple. It means faster withdrawals and deposits. In addition to that, you will also never be required to give any credit card or bank details. Bitcoin casinos in the United Kingdom are struggling to break through for individuals living in the UK.
The gambling sector of the United Kingdom is strictly regulated, well-developed, and competitive at the same time. The changes in the legislation that have been recently implemented led to better transparency. It also made sure that players receive protection against dishonest practices. The laws even became stricter with regards to the participation of minors in gambling activities. Also, the gambling officials in the United Kingdom are considering imposing a ban on advertisements about gambling that are broadcasted during the day. All these efforts are committed to the “responsible gambling” cause. In addition to that, this is also the primary reason why the UKGC observed Bitcoin usage as a withdrawal or deposit method in casinos online.
According to the UKGC, gambling operators online that provide Bitcoin as a method for payment must have to comply with the existing laws of gambling. In addition to that, the gambling regulator of the UK said that in order to offer gambling services and products in the United Kingdom, each operator has to have a license.
Players in the United Kingdom might not have seen a lot of online casino sites dedicated to Bitcoin. In fact, you’ll have a hard time looking for them. But, though there might not be much in the way of UK Bitcoin online casinos this year, there are a lot of them rising up elsewhere across the globe. This includes Bitstarz.
With a wide variety of games ranging from Roulette and Blackjack to Jackpots and Slots, there’s something for everybody to enjoy. Also, the live casino has a lot of gaming choices. There’s even a page on the site dedicated for Bitcoin users. They also have a guide on how to play at an online casino using Bitcoin. Bitstarz also has one of the most valued welcome bonus, and probably offering the best free spins bonus in the UK!
7Bit Casino, just like Bitstarz, makes an obvious statement of purpose with the name of their site. From the name itself “7Bit”, it suggests that this online casino accepts Bitcoin and that you can actually utilize it when making payments on their casino website.
First of all, when it comes to developers, there are a lot of games to choose from. This includes Pragmatic, Gameart, Quickfire, iSoftbet, and NetEnt. All of them are involved in creating the games for 7Bit casino.
Also, you won’t be disappointed if you want traditional games since there are a lot of table games to play at this online casino.
Source From : Coindoo News