Crypto Casinos - Guidelines & Tips

Do you want to know if you can use Coinbase to gamble online? Want to know if it’s safe to send funds from your Coinbase account to your Bitcoin wallet at a casino or online sportsbook? Then make sure you check out this guide in full - and see why we don't recommend Coinbase for online gambling transactions. An Introduction To Coinbase Coinbase is a US-based crypto exchange that’s become well-known for being the world’s largest and most user-friendly crypto exchange around. In fact, one the things that really helps to set Coinbase apart from the competition is the easy-to-navigate and user-friendly user-interface that greets you when you load up the website - and it’s designed to be used by complete newbies, so you don’t need any...

Hi guys :) You’ve almost certainly heard about cryptocurrencies – but do you know how they work? Sure, Bitcoin is a hot topic – but how does someone spend digital money that was created seemingly out of thin air? Here, we break it down for you so that you can understand this trend and start taking advantage of it sooner than later. Cryptocurrency was created in 2009. A mysterious individual under the moniker Satoshi Nakamoto created a decentralized method of transferring money digitally. What makes it so convenient is the fact that it lets you send money to the recipient in the snap of a finger through the use of blockchains. Different cryptocurrencies Nowadays, cryptocurrency has steadily been growing as a reliable currency and...

Hi there :) As promised, here is the Part II of Libra cryptocurrency. Let’s dig right in. (Part I can be found here). How is Libra similar or different from other cryptocurrencies? Cryptocurrency by definition is a decentralised digital coin that isn’t governed by any central authority, for example, banks and governments. Each transaction is added to a block and listed in the blockchain. Unlike banks where there are headquarters and a governing administrative body, cryptocurrency draws strength from its decentralisation. As a counterpart to the faulty traditional banking system, the blockchain gives power and control back to the people. With low transaction fees, fast time, and transparency as its main marketing points, digital...

Hi guys :) Today I would like to tell you about some dice games you can play with cryptocurrencies. Aside from slot machines, dice games are popular pastimes that people have loved to play throughout the years. Gambling experts and enthusiasts alike continue to enjoy these games on digital platforms. To make the most of the journey ahead, you’ll need to equip yourself with some sure fire strategies to help boost your gameplay. Get to know the best crypto dice games and their winning strategies in this guide. All you need to know about crypto dice games With uncomplicated rules and a whole host of different variations to pick and choose from, crypto dice games are starting to bring in the future of online gaming. What makes them...

How are you guys? If you have been thinking about trying to have some fun in crypto casinos but still hesitate, I have a few ideas for you to follow. There are no shortcuts to gambling success, of course, whether that involves staking with crypto or cold, hard fiat, but there are some simple tips that you can follow that will at least manage your bankroll effectively and give you the best possible chance of succeeding :thumbsup:. Tip 1: Learn the ropes If you are a complete newcomer to online gambling with cryptocurrencies, then it is essential that you take the time to get to know the various games before you dip into your BTC stash and play for real. You may even have frequented a casino or two in your time, but we would still...

Hi guys , It's me Karl from Bitcasino. How are you doing? I have posted a series of cryptocurrency lessons in this forum. Hopefully, these were interesting for you and I would like to thank everyone who left comments and asked me different questions about cryptos and gambling in crypto casinos. Today, I would like to enlighten you about another cryptocurrency. It is called Libra and it was announced by Facebook in 2019. Since then, it’s been buzzing on the Internet and intriguing everyone. So what is Libra and how does it work? How will it affect the global financial industry? Should governments be worried? Should you be excited about it? Here’s everything you need to know about it. What is Libra? Libra is ‘a simple global...

Hey guys ;) As you may already know, cryptocurrencies rise in popularity every day. But there are plenty of people who aren’t familiar with all the elements and mechanics of cryptocurrency. This means they are susceptible to falling prey to scammers. Find out the most common cryptocurrency scams and how to avoid these. 1. Fake ICOs & Ponzi Scheme * ICOs An initial coin offering (ICO) is a type of funding using cryptocurrency. The company creates coins to sell to investors in exchange for a specific amount of cryptocurrency. The investor can hold onto the coin and wait until the market climbs to sell it at a higher value. ICO scams function in the same way by tempting investors with a newly-created coin. They entice investors with...

Hello again, It's me, Karl from Bitcasino ;) Let's continue with crypto lessons. As you might know, Bitcoin has been around for a decade now. But there continue to be myths surrounding the cryptocurrencies. Let me help you understand some of these. 5 CRYPTO MYTHS 1. Crypto is used for illegal activities This is one of the most common misconceptions surrounding Bitcoin or crypto in general. Lots of people, fueled by the media, believe that digital coins are mainly used by people performing online illicit deals. Because of its pseudonymous nature and lack of regulation from the government, it’s clear why digital coins look enticing to criminals. In an article published by Forbes in 2018, they mentioned an earlier study saying that...

Hi guys :) Now you know quite a lot about the crypto world already: you know different coins, where to buy, exchange and safely keep them. Today I would like to let you know how to earn more coins :thumbsup: Buying Bitcoins There are several ways that you can buy bitcoin: through bitcoin exchange sites, browsing a peer-to-peer or P2P directory, and using a Bitcoin ATM. Each one offers different levels of convenience and speed so you can check them out and pick which one suits your preference. Bitcoin Exchange Sites Exchange sites let you buy bitcoins with your bank accounts or debit and credit cards. When you use your bank account, it can take a few days before you receive your bitcoins because of the confirmation process and...

Hi again from the crypto world ;) I have shared 5 lessons with you. How do you feel about crypto now - are you ready to step into the digital money world? Not yet? OK, I have some more educational pieces for you. Any cryptocurrency worth its reputation needs a killer exchange to accompany it. In the modern age of crypto coins, a wide range of exchanges have emerged, offering a multitude of services to the netizens of the world. Considering just how many there are, it sometimes becomes difficult to keep track and differentiate between them. Here are some of the best exchanges available in the industry right now that you need to know. Exchange Platform #1: Exodus The first exchange is Exodus with its sleek, black interface and modern...

Hi guys ;) As you already know from our previous lessons, you should keep your crypto safely in a special cryptocurrency wallet. There are a large number of wallets available for your crypto but they can be classified under 5 different kinds. However, before delving into what these 5 kinds of wallets are, there are a number of wallet terms you need to know first. Necessary crypto wallet terms Private and public keys When making transactions online using crypto, the most basic form of security is the usage of public and private keys. These keys help protect your crypto as it travels and exists across the internet. Public keys encode the crypto so that it’s safe as it travels from point to point on the world wide web until it reaches...

Hi guys :) In this lesson, I will give you some tips on how to increase your crypto's security. Security problems are common in any industry, not just in digital currency. Thieves go where money flows. As the crypto market continues to surge in popularity, hackers will continue to want to cash in. Fortunately, crypto exchanges are realizing that the industry cannot thrive without proper security and risk management in place to protect the interests and assets of their clients. So while the industry waits for the IT experts and cryptographer geniuses to develop programs and tech that further enhance crypto’s security and overall functionality, there’s a lot you can do on your own to keep your crypto investment safe from hackers and...

Hi guys! Would you like to know more about crypto world? Well, today I would like to introduce you stablecoins. What are stablecoins? As the name suggests, these coins were designed to give more stability to crypto investments by pegging them with fiat currencies as a reserve asset. Usually, stablecoins are ‘pegged’ after something with value; this can either be fiat money or another cryptocurrency. Since s introduction into the market, various types of stablecoins have been popping onto the scene. While there are many stablecoins in the market, only a few variants remain successful and reliable. Kinds of stablecoins Below are the different types of stablecoins you can encounter in the crypto sphere today. * Collateralised...

Hi again from crypto industry :) I have a new piece for you regarding cryptocurrencies. This time I would like to share with you information where you can buy and keep your coins. In order to get any crypto coin, you need to use fiat money in exchange for your preferred cryptocurrency (depending on your country’s regulations about cryptocurrency). From there, you won’t need to use your fiat money unless you want to convert it into crypto coins. Where to buy There are different sites where you can buy crypto coins: Coinbase – It allows you to convert any money you have in a bank, credit/debit card, or Paypal to Bitcoin, Ether, Litecoin, or Bitcoin Cash. BTCXE – You can exchange its chosen 21 fiat currencies into bitcoins and it has...