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Just as online casinos have evolved, so has Bitcoin, the world’s first digital or cryptocurrency. In fact, where Bitcoin was once a risky yet exciting investment, today it is increasingly being accepted as a currency. This is why a growing number of online casinos welcome it as one of their accepted currencies, including no deposit Bitcoin casinos. These casinos allow you to claim free bonus cash or a number of free spins without having to deposit even the smallest fraction of a Bitcoin (a Satoshi).
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In other words, just by signing up for a new real money casino account, you’ll be awarded a number of credits or spins to use on many top real money virtual casino games – 100% for free. Bitcoin casinos are identical to regular online casinos except they offer Bitcoin as either their sole currency or alongside regular currencies like dollars, euros, pounds and others. For the most part, you can play only slots with bitcoin no deposit bonuses.
You will find occasional exceptions, mostly keno and scratch card games. Bitcoin no deposit free spins are generally only valid for a specific slot, or a list of slot machine games. Arguably the most fascinating characteristic of Bitcoin is that you cannot touch it because it only exists virtually or digitally.
As such, it can only be used to buy goods or services over the internet, which is why it lends itself so well to online and mobile casinos. Over and above its virtual status, Bitcoin also sets itself apart from regular (FIAT) currencies in that it is decentralized. This means it’s not owned, operated, governed or controlled by anyone, including individuals, banks, financial institutions or governments. Bitcoin is created digitally in a process called ‘mining.’ Miners are people across the globe with the necessary computer skills and equipment to mine Bitcoin. They do this by adding transaction records to Bitcoin’s freely accessible public ledger – the blockchain.
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The point of the blockchain is to confirm that every Bitcoin transaction has taken place. To be validated, each and every block must contain a ‘proof of work’ which is verified by other Bitcoin nodes via the proof-of-work function over a peer-to-peer network. All you need to know is that you can buy, sell and trade this cryptocurrency on any Bitcoin exchange. You just require a regular payment method (like a credit card) and a free-to-open Bitcoin wallet to store them.
Bitcoin can be broken into many units including the BTC, d BTC (10th of a Bitcoin), c BTC (100th), m BTC (1000th), u BTC (10000th) and lastly the Satoshi (100000000th). By using Bitcoin as an online casino currency, your payments are instant, secure and discreet. If you want to use Bitcoin as your preferred currency at online casinos, the first thing you need to do is select the best, most reputable online casinos that accept Bitcoin.
You’ll find a good selection of premier no deposit Bitcoin casino sites featured on this page. Next, take a minute to sign up for a new real money casino account and follow the prompts to claim your free bonus or free spins.
Once you’ve played out your bonus or spins and you would like to make an initial deposit, head over to the casino’s banking page. If you don’t yet have a Bitcoin wallet, you’ll need to get one which is easy to do. Of the four main types of Bitcoin wallets – web, desktop, hardware and mobile – web-based are the easiest and most convenient, and a Google search will yield a list of the best.
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Once you’ve signed up for a Bitcoin wallet, add some funds to it using a regular payment method such as a credit card or bank transfer. Step 3 – Copy your unique and private Bitcoin depositing address. Then log back into your chosen Bitcoin no deposit online casino and follow these steps: Step 1 – Select Bitcoin (BTC) as your preferred currency. Step 4 – Login to your respective Bitcoin wallet, choose an amount to deposit, paste your unique casino depositing address into the required field, and make payment. Step 5 – Go to your online casino account and you should see a positive balance in the amount of your deposit. Step 6 – Choose games to play for real money in the casino games lobby. Withdrawing Bitcoin from your online casino accounts is also quick and easy. Simply visit the casino banking page, select the Withdraw tab, and specify an amount to withdraw (within the specified limits). Next enter your unique Bitcoin wallet address and request a cashout.
Your Bitcoin wallet balance should reflect your withdrawal immediately. This banking option is faster and more convenient than credit card, bank transfer and e-wallet withdrawals.