Bitcoin Casino NZ
Bitcoin has been growingly popular in different spheres of life, coming out of shadows it once used to dwell in and coming onto the main stage. Finding its application in many industries, Bitcoin can probably thank its huge growth in popularity to online gambling.
Offering a viable alternative to fiat currencies, it is becoming a favorite deposit and withdrawal method of many casino players out there – and for a good reason. There are many upsides to using Bitcoin, such as speed, improved anonymity, and increased levels of protection. If you’re new to the whole concept or simply looking to play at a Bitcoin casino NZ, this page will provide you with all the information you need to know about Bitcoin gambling sites.
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What is a Bitcoin Casino?
Players are often confused by a whole idea of Bitcoin gambling, especially those not familiar with the topic. If you’re wondering what a Bitcoin casino is, it is essentially the same as any other online casino, the difference being players are allowed to do their banking in BTC.
So, you’ll find a selection of slots and table games you’d expect to find at any online casino. These days, there are even live dealer Bitcoin casino providers, so players can have a fully-rounded gambling experience when playing with the most popular cryptocurrency.
How to deposit to a Bitcoin Casino?
Funding your casino account using Bitcoin is as easy as it gets. If you have a BTC wallet already loaded with some funds, all you’ll need to do to get started is send funds from your wallet to the casino’s address. To do this, navigate to the casino’s cashier page, select Bitcoin as your deposit method, and follow simple instructions on the screen. You’ll be ready to start playing in no time.
Of course, not all players interested in Bitcoin gambling have coins readily available. If you want to purchase some BTC, there are many good, reliable coin exchanges you can use to buy some with no hassle, such as Kraken.com or Coinbase.com. On top of that, some of the best Bitcoin casino sites are starting to offer their own exchanges, so players can do everything in a single place.
How to Withdraw from a Bitcoin Casino?
Withdrawing your winnings is even easier than depositing. Simply visit the casino’s cashier page, select Bitcoin as the withdrawal method, and provide your wallet address. Funds will be sent over shortly and you can usually expect to receive your cashout within 24 hours as BTC withdrawals are among the fastest ones out there.
Bitcoin vs. Traditional Casinos
As already mentioned, Bitcoin casinos are quite similar to traditional online casinos in many of their aspects. However, there are some differences that you should be aware of before you get started, if only to avoid confusion and headaches down the road.
The upside of Bitcoin casinos is, obviously, the fact they allow deposits and withdrawals in BTC, which often means players from countries with stricter online gambling regulation can get access and enjoy their favorite casino games. Furthermore, gambling in BTC allows you to keep your gaming transactions highly private and away from the prying eyes.
On the flipside, not all big gaming providers support Bitcoin as of yet. This means that you may not find all your favorite slots even at the best of BTC casinos. Additionally, due to cryptocurrency still being somewhat of an undefined area, not all of these casinos are licensed by big licensing authorities such as the MGA.
Are There Any Bitcoin Casinos with no Verification?
One of the biggest advantages of using Bitcoin in general is the improved anonymity of its users. Traditional online casinos are somewhat notorious for their strict, sometimes even exaggerated verification procedures that can really adversely affect the otherwise enjoyable gaming experience. Can this be avoided with Bitcoin casinos?
There are, indeed, some Bitcoin casinos with no verification, where you’ll be able to get started providing some very basic information (username, pass, email, and, perhaps, the date of birth). These casinos will have you playing in no time and when it is time to cash out your winnings, there’ll usually be no delays or security checks. The money will be sent over to your Bitcoin wallet, no questions asked.
However, this anonymity usually has its limits. If you happen to go on a very lucky streak and end up winning a lot of money, you can still expect the casino to ask for additional verifications and ask you for supporting documents. Even the best Bitcoin casino sites have to be very careful not to get involved with money laundering accusations, which can be a serious threat to their businesses, so if you win big, you’ll probably need to verify your identity before you can access your winnings.