How do I integrate Bitcoin payments for an online casino?

Bitcoin is a virtual currency that is not handled or controlled by any centralized financial institution but instead created by and for regular consumers and users. Bitcoins are not minted, neither are they created out of nothing like regular currency is; they are “mined”. To mine Bitcoins, users download a mining program that solves sophisticated algorithms and awards them with the virtual currency. The total amount of Bitcoins that can be mined is 21 million, after which it will not be possible to create more Bitcoins and the only way to obtain them will be by purchasing them.

Bitcoins and Online Gambling

Bitcoins are not a widely accepted payment method, it's only being accepted in a few online casinos, poker and sports betting sites so far. However more and more online gambling companies have started to accept Bitcoins in recent years and many others plan to do the same. The Bitcoin is an ideal payment method for online gambling with it being anonymous for the sender and receiver as well as providing instant deposits and very fast cash out possibilities. The anonymity doesn't always apply to the site that you will play on, as most sites require you to verify your account before being able to do a withdrawal. Some sites like SealsWithClubs don’t ask for any personal information, making them a 100% anonymously site to play on.

The main issue with gambling with Bitcoins is that the value goes up and down depending on the market, meaning that if you play directly with Bitcoins, instead of getting them exchanged to real money at the deposit, you have to check their value to know exactly what you are gambling with. There are several sites online where you can check the bitcoin to paypal

 rate instantly so that you always know exactly what they are worth.

To use Bitcoins for online gambling all you need to do is to open a Bitcoin wallet and purchase Bitcoins. The Bitcoins will instantly be available in the wallet and can be deposited to gambling sites within a few seconds. When you want to do a withdrawal, simply request a withdrawal to your Bitcoin wallet and most sites will process the withdrawal within 30 minutes.

US Friendly Casinos and Bitcoin

Using Bitcoins is an ideal way of depositing and withdrawing for American players in online casino sites. Bitcoins are not regulated by any authority and can be purchased by all nationalities in the world, including Americans. Bitcoins are 100% anonymous and cannot be tracked back to any person, which is why they have become super popular in the last couple of years.

Not many US-friendly casinos have integrated Bitcoins as a payment method yet, but many are planning to do so within a short future. The reason that many online casinos have yet to integrate Bitcoins has been because Bitcoins from the start has been seen as a nonlasting currency. The opinion about Bitcoins has changed the last year and now the sites are ready to receive Bitcoins.

Many new casino sites have opened the last year, accepting real currency and Bitcoins or Bitcoins only. The problem is choosing a newly opened casino site to play on, is that it is not certain that they will last or that the games are fair and regulated. We believe in using established casinos so that the risk of losing your money is very low.

Bitcoins can either be gambled with as they are or be exchanged to real currency upon deposit. There are pros and cons in doing both and each individual casino site will create a solution that is best for them.

Bitcoins will continue to grow in the online gambling industry and especially for the US faced casino sites over the next couple of years.