Bitcoin casinos are making waves in the casino world today! But what is a Bitcoin casino? Simply put, the term Bitcoin casino refers to any online casino or sports betting agency that accepts Bitcoin, a form of electronic cash or cryptocurrency. This is digital currency within a central bank that can be sent from user to user on the peer-to-peer Bitcoin network.
During recent years, several large-scale Bitcoin casinos have surfaced to offer players a list of tailor made casino games and services for gambling enthusiasts to transact in Bitcoin as opposed to fiat currency such as the New Zealand Dollar. BitStarz online casino is a unique online gambling concept that not only supports normal currencies like Dollar and Euro for depositing and wagering, but also cryptocurrency like Bitcoin.
Bitcoin vs NZD Casinos
Bitcoin casinos offer all the traditional casino games such as the pokies, Roulette, Baccarat, Poker and Blackjack. Bitcoin casinos also sports-based betting and online lotteries. At our recommended online casinos for New Zealanders, deposit with cryptocurrency and see for yourself how great online gaming is. Bypass banking transactions and remaining anonymous from prying eyes online with Bitcoin, or make a real money deposit, at BitStarz, you can choose both forms of currency.
BitStarz online casino offers players the chance to deposit and withdraw money in a variety of ways, including Bitcoin. If you’re still not too sure how this digital currency works, it’s essentially just like any other currency, except that it doesn’t have a physical form and instead of coins and notes, Bitcoin exists digitally in online or offline storage spaces. For you to get your hands on Bitcoin, you’ll need to buy them either from an online Bitcoin marketplace or by finding someone in your local area who is willing to sell you the Bitcoins for cash. In the BitStarz Casino help pages, you’ll find comprehensive information that’s well worth reading.
Bitcoin Pros and Cons
The main advantage of using Bitcoin is that it is both digital money and an acceptable form of payment that can operate without any middlemen like government officials or other intermediaries or regulators.
Bitcoin is the most open financial system to date meaning that you can make payments with Bitcoins twenty-four hours per days seven days a week, even where there’s no banking system open. Another advantage is that International money transfers with Bitcoins can be made faster and cheaper than a traditional banking service.
Bitcoin is the only asset ever-created that cannot be seized from you by force and all Bitcoin transactions are uncensorable, so no one can stop you from conducting any transactions. With Bitcoin, you can easily access your money and open your wallet via the internet without any verification or credit history. Spending your money is also much easier with Bitcoin, and although you can use the cryptocurrency in the same ways you spend traditional digital money, Bitcoin remains the most portable asset ever-created that can be transferred through satellites or even radio waves.
It all sounds perfect, but there are cons to Bitcoin as well. There is little to none regulatory oversight when things go south and despite attempts to enable offline Bitcoin payments, the use of Bitcoin still depends largely on internet availability.
Another disadvantage of using Bitcoin is that there are costly fees incurred in the conversion and not every online casino accepts this form of currency. However, it must be said that cryptocurrency is a new phenomenon and many online casinos will support Bitcoin transactions as the concept of using digital cash grows.
Why Are Bitcoin Casinos So Popular?
Since Bitcoin emerged onto the online casino world, it’s found favour due to its pseudonymity and ease of transfer. Typically, Bitcoin casino sites offer zero transaction fees with unlimited free daily transactions, setting themselves apart from the online casinos that rely purely on legal tender.
Bitzstars online casino is one of the largest and most successful cryptocurrency casinos online. They support a large list of Fiat currency (legal tender) and also allow players to make their deposits with a large selection of cryptocurrency including Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Dogecoin and Tether.
A point to mention is that not every provider is yet able to support cryptocurrency. At the present moment, the only providers that will accept your Bitcoin are BGAMING, Belatra, Booming Games, Endorphina, Evolution, Habanero, Platipus and Spinomenal. But don’t fear! You still get the chance to play some of the best pokie games like Africa Gold, Booming Bananas, Cheeky Monkeys and hundreds more!
If you’re interested in playing your favourite pokies and table games with Bitcoin, it’s very easy to do. Firstly, you’ll need to decide which wallet you want to use for your Bitcoin transactions. Presently web wallets like Blockchain, Sparecoins or Coinjar are the easiest and most convenient to use.
Once you’ve chosen your wallet you can purchase your Bitcoin via Coinbase, Bitstamp and Bitpanda or head off to www.localbitcoins.com where you can buy your Bitcoins directly from your local community. Once you have your Bitcoins it’s time to get gambling! Use them to make your first deposit and enjoy many hours of fun and exciting online casino gaming.
BitStarz Casino Reviews
At BitStarz casino there are plenty of bonuses for players to keep coming back for more. When you make your first deposit, BitStarz will match it with a 100% bonus, offer you 5 Bitcoins and 180 free spins on the lovable pokie games Boomanji, Fruit Zen or Wolf Gold. Your first 20 free spins are credited 23 hours after your first deposit and then you get 20 more free spins 24 hours later. This goes on for 9 days until you get a total of 180 free spins. For your second deposit at BitStarz, you’ll receive a 50% bonus match and up to 5 Bitcoins.
Are you interested in hearing more about Bitzstars online casino? To get a really good idea of just how good an online casino is, players should always read the casino reviews to get insight into what the casino offers, what deposit methods are in place, how efficient the customer service department of the online casino is and naturally, the types of casino games and pokies being offered and the software developers that created them.
Click on our link and read the unbiased and honest casino reviews.
$1 Minimum Deposit Casinos
Did you know that with just $1, you can enjoy exceptional online gambling? Online casinos that allow you to deposit the very minimum amount of $1 are practically giving away gaming time for free and let’s face it, for those times when you feel like playing almost for free and certainly risk free, investing $1 is an affordable way of enjoying your favourite pokies with the possibility of landing a big win!
We rate and review all the best minimum deposit casinos for Kiwi players. Browse through our recommended $1 deposit casinos and if you’re itching to play straight away, we’ve provided some links that you can click on and in just a few minutes, start playing!