Now that you have become a Bitcoin millionaire, it's time to become a Bitcoin billionaire! Bitcoin (BTC) is a digital crypto-currency that has exploded in popularity in recent years. The only market where Bitcoin gambling sites made things easier (initially) was the U.S. market which lacks banking options that are cheap and instant. And while it's true that most bitcoin casinos online today offer only a small selection of simplified, low quality games, that's not a problem at BitcoinPenguin.
Many internet gambling websites outside of the US allow you to both deposit and withdraw money with a credit or a debit card for free and instantly. Usually random number generator tests, these are undertaken by independent contractors like eCOGRA or Gaming Laboratories International (GLI), who will sometimes release results, or even share them on the Bitcoin gambling site.
The Bitcoin concept is said to date back to 2007, but it wasn't until 2009 that the first Bitcoin transaction took place between the original concept developer Satoshi Nakamoto and the cryptographic activist Hal Finney. The wonders of cryptography and the innovation of the Bitcoin community has made gambling online today safer than ever before.
This makes Bitcoin an ideal currency for online gambling for a number of reasons. This was one of the original games primarily designed to be fun to play with the added bonus that you could withdraw free BTC, and it is still amongst the most popular. Other solutions include real-world Bitcoin ATMs or simply purchasing coins from people that you can find using sites such as LocalBitcoins.
After they've decided to integrate BTC payments, they've gained popularity and attracted lot of new players for sure - courtesy of (partial) anonymity, fast transactions (most of the time - when there is no network congestion caused by Bitcoin price spikes) and low fees.
Bitcoin (BTC) is a digital crypto-currency that has become highly popular in recent years. Up until now there has been no real voice in the industry for outing scams and providing honest ratings of Bitcoin gambling sites. imp source However, it is clear that the opportunity exists to make significant income within the industry and, with bitcoin's advantages in terms of low-cost, speedy payments, cryptocurrency-based gambling firms are doing their best to do just that.