What bitcoin is and how it works?
Bitcoin is a virtual cryptocurrency that was created in 2009 by a computer developer whose name is currently unknown. Only the pseudonym Satoshi Nakamoto has been registered by the world authorities.
A name that does not allow to trace the data of the creator being until today, totally unknown. The currency has no entity of its own and the management of transactions is therefore handled by the global computer network.
Bitcoin is usable only via the web and allows users to pay without going through the real option. A cryptocurrency operating under the principle of “blockchain”, this means that the currency has no control body. Its operation being solely due to the creation of databases whose main information comes from the users themselves.
In other words, it is a huge chain of data whose information added by users enlarge the main links. The advantage of the blockchain is the constant data visualization. Users have the ability to view all transactions via a blockchain ledger.
Nowadays, Bitcoin is controlled by European states to protect its progress. In particular, a European cell has been created to control the various developments and advances of these solutions. An alternative whose price is defined by supply and demand, as would be a classic alternative. Bitcoin is now used by many operators and allows a user to pay anonymously.
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How to buy Bitcoins?
Bitcoin now has a vast and extensive network that allows anyone to purchase it. A crypto-currency that is now offered on a global level with just a few clicks to acquire its value.
Cryptos can be purchased from specialized wallets and then transferred directly to your personal account. There are a large number of sites accepting your electronic wallet of this type. Here are a few examples here:
- Etoro ;
- Binance ;
- BitMEX ;
- Kraken.
All you have to do is create an account on the site you have chosen to purchase BTCs. Of course, a confirmation of your identity with your ID card will be imperative. This is to avoid possible money laundering that can take place within specialized sites.
A way to ensure additional security for each user. Once the transfer is complete, your currency will be usable for a number of purchases on the web as well as for deposits on gambling sites.
Are Bitcoin transactions really the future of gambling operators?
Many investors and other cryptocurrency enthusiasts are quick to associate Bitcoin with a safe haven or a secure asset. They are invoking the future and the renewal of traditional payments. In the case of these operators, two points of view may diverge.
The world of internet gambling has long been adored by users for its various innovations and novelties. Bitcoin is a perfect example of an innovation that gaming brands and operators want to see.
A desire to meet the needs of users: convenience and anonymity. In a world where the web has a major importance, Bitcoin has quite a place. A launch at the end of 2017 on the Chicago stock exchange would also have confirmed this progress. A way to demonstrate that this alternative has quite a place among the classification of global currencies.
However, a good number of Internet users sometimes remain reluctant, not accepting this use. A reluctance that may tend to slow down the development of the blockchain in the years to come, but that will surely ensure a new opening in the future. Only time will tell how often and how soon users will use this tool.
The worldwide recognition on one side, the reluctance of some Internet users on the other, divergent points of view that separate the two camps by their own thoughts and will to this option. In the meantime, each of you is free to abandon your traditional payment tools to acquire cryptos.
Can we use other crypto currencies on online traders?
Thanks to technological and financial advances, Bitcoin is no longer the only virtual tool that can be used for transfers on gambling interfaces. There are a number of alternative virtual currencies that can be used to supplement the services offered by this currency. Here are a few examples of other options that have proven to be successful:
- Litecoin ;
- Eth ;
- Litecoin ;
- Xrp.
The use of virtual currencies is regulated by bodies such as the Malta Gaming Authority and the Curacao Gaming Authority, entities that control the virtual currencies used in online casinos. You can therefore count on these organizations to ensure the monitoring and security of your transfers made using cryptos.
