Bitcoin is a digital currency based on open source software and P2P networks with no central authority or issuers. Although Bitcoin may be hard for some to get their head around this is a safe and secure option for those who wish to remain anonymous.
Bitcoin cannot be controlled by any government or authority so you are in complete control. As a digital currency, cryptocurrencies don’t physically exist but are actually numeric codes secured by layers of cryptography.
To begin using Bitcoins you will need to open a web wallet to purchase and store them. Many of the Crypto exchanges like Blockchain all have informative guides to help new cryptocurrency customers easily browse and use their site. At an exchange you can purchase them with various methods including Bank Transfer, Visa, MasterCard, Skrill, Neteller and others, dependent on the wallet you choose. You can also download a web wallet to store your Bitcoin on your computer. As long as you protect your wallet there is no way anyone can ever touch your money.
By using cryptocurrencies there is no case sensitive information required and you can even send a payment without revealing your identity at all. We should mention here that the Bitcoin network is completely free to use other that some services who may charge a fee to speed up transactions.
Using cryptocurrencies at online casinos that accept them allows you to deposit or withdraw winnings within minutes. When you choose to make a deposit with Bitcoins, the casino will give you your Bitcoin address at the casino. Highlight this code and go to your web wallet enter your casino address and hit send, that’s it!
To help get you started here are several reputable cryptocurrency exchanges that are easy to use, with plenty of info supplied to guide you along the way. These sites include Circle that provides an App for your iOS or Android device. You can also try Local Bitcoins.com where you can buy, sell or trade Bitcoins with people local to you in 249 countries.
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