Gambling with cryptocurrencies

Gambling with Cryptocurrencies

Cryptocurrencies are virtual, decentralized currencies – yes, they have a real-world exchange rate, and yes, many retailers and websites accept cryptocurrencies like Bitcoin and Ethereum as a payment method. (In fact, KFC in Canada is offering a limited edition Bitcoin Bucket to Canadian patrons!)

They can be traded – bought and sold – or mined – through bitcoin mining hardware and the right software. They can also be earned and there are some sites that will pay you in bitcoin or satoshi (the smallest unit of bitcoin, named after the creator of bitcoin Satoshi Nakamoto).

Now, they can also be used to gamble. Pretty much all of your favorite casino games like blackjack, poker, slots and roulette can be played with cryptocurrency stakes, and Bitcoin Gambling shows no signs of slowing down!

How to get Started?

Like all forms of gambling you need some currency to start, which requires setting up a cryptocurrency wallet. This is a very easy process and requires simply looking for a trusted crypto provider. Once all set up you need to purchase some Bitcoin (or another crypocurrency, like Ethereum, Dogecoin or Litecoin) to make sure you have enough funds to play. There are lots of trusted places to buy your Bitcoin online, choosing a trusted exchange is easy.