Gambling has been a part of our lives for quite some time now. We’ve played our share of gambling or betting on various occasions. But what exactly is gambling? Gambling is putting your money on casino games, card games, or betting on sport or events with uncertain outcomes with an intend of profiting out of the game or event.
What is Bitcoin Gambling?
Bitcoin gambling refers to playing casino games, poker games, and betting online in terms of cryptocurrency. It’s traditional gambling with a modern twist. Here, instead of betting through fiat currency, you place bets via cryptocurrencies.
Bitcoin gambling offers to be a much safer and less risky game than traditional online gambling. Here not only does the digital currency protect your identity by keeping it anonymous but also provides for a hacker-free secure network because of its blockchain technology.
Players from around the world can make use of Bitcoin gambling sites to place bets using cryptocurrencies like Bitcoin, Litecoin, Ether, etc. In online casinos, Bitcoin gambling has proved to be the best way of dealing because of the various benefits that come from cryptocurrencies itself, the best one being the rapid confirmation of transactions.
Top 10 Bitcoin Gambling Sites
Here, we’ve listed down some of the best Bitcoin gambling sites that offer the perfect blend of poker games, casino games and betting events.
- 7Bit Casino
- True Flip
- mBit Casino
- Fortune Jack
FAQs – Frequently Asked Questions about Bitcoin Gambling
1. Can you gamble with Bitcoin?
Yes, you can gamble using Bitcoin as long as it’s legal to use cryptocurrencies as a mode of payment in your country.
2. Is Bitcoin gambling legal?
Bitcoin gambling is legal as long as online betting is not restricted where you live, and Bitcoin is accepted as a legitimate mode of payment in your country.
3. Is Buying Bitcoin gambling?
Buying Bitcoin is getting involved in trading, and trading of any type is a form of gambling involving strategic predictions. It, however, does not come under the subhead of ‘gambling’ but can be considered one because of the nature of dealing in it.
4. What is the best Bitcoin casino?
Cloudbet is undoubtedly the best Bitcoin gambling site for casinos worldwide. At Cloudbet you can also play live casino online and place live sports bets.