Still$itik against Bitcoin at online casinos

There has long been talk of virtual currencies being used at online casinos just like any currency, and since we have received several requests as to why we do not advocate online casinos with Bitcoin as one of their approved payment methods for their players, we were going to bring up the subject here. It is briefly about whether one dares to trust the value of a currency like Bitcoin , as it has not existed for as long as New Zealand$onan or other currencies that have existed long enough not to need to be defended. As usual, currencies are constantly going up and down in value, and Bitcoin in particular has clearly spread uncertainty among online gamblers as there is constant talk from different sides with differing opinions and confidence in the development of the currency from a purely stock perspective.

What is Bitcoin?

Bitcoin is, in short, a so-called crypto currency that came into the world in 2009 to make virtual transactions over the internet easier as no third party is included in the process. Bitcoin also works differently in that the currency does not rely on any central issuer such as a riksbank or institution responsible for government monetary policy.

The thing is that Bitcoin is not a fiat currency, which would mean that there is no real outstanding value of the currency, which it obviously does. It has been quite difficult to flirt in the casino world for a few different reasons. Therefore, today you will find several so-called bitcoin casinos

How to use Bitcoin at online casinos?

The popular virtual currency is used in much the same way as all other payment methods that we are used to seeing at various online casinos today. The methods work differently on several levels, such as that you may have to wait a couple of working days before you have the profit in the bank account in a direct bank transfer, and usually significantly faster payouts then you use a more flexible e-wallet like Skrill or Neteller.

We cannot judge the online casinos that offer Bitcoin as a payment method for deposits and withdrawals, but we stand our ground when it comes to only advocate online casinos that have a European gaming license . Unfortunately, few online casinos in our oblong country have chosen to rely on Bitcoin, at least at the moment, and the same applies to settling for a gaming license originating outside the EU and thus both the MGA and the NZ Gambling Commission's overview and trust.

An online casino that we still want to recommend and that actually accepts Bitcoin as a payment method is PlayAmo . But just like many other online casinos that offer the opportunity, these also do not have a European gaming license. This may mean that you as a New Zealand player may have to tax your winnings.

Anyone who registers at the online casino Playamo is also welcomed with a casino bonuses up to$ 3,000 plus 150 free spins that are activated in slightly different video slots. However, if you are a bit more of a high roller, you have a welcome bonus of up to$ 10,000 to look forward to when you make your deposit with the right bonus code.