What Is a Bitcoin Casino and How Does It Work?
Bitcoin (BTC) is a digital cryptocurrency that was launched in 2009 by the pseudonymous Satoshi Nakamoto. It was designed to exist outside the control of banks or centralised entities. Bitcoin is unlike traditional e-wallets or digital currencies, as transactions rely on a decentralised peer-to-peer system for verification on a blockchain network.
Bitcoin casinos accept this cryptocurrency for deposits and withdrawals. Transactions are usually swift since there are no banks or intermediaries. These casinos have grown in popularity due to the potential for faster transactions, lower fees, and enhanced privacy compared to traditional methods. It’s not surprising that some of the best online casinos now integrate Bitcoin.