Are you a bitcoin miner, or have you otherwise amassed a virtual wad of this electronic currency?
Though many people were slow to adopt (and time certainly rewarded those who took the risk and invested a couple of years back), you can now spend your bitcoins on many of the things you can purchase with a debit card.
This includes computer monitors and electronics, donations to charities, video games and more. Even online and mobile gambling sites have caught on to the craze, with thousands of virtual casinos now accepting cryptocurrency.
Gambling With Bitcoins
This is good news, right?
As a wise bitcoin investor and an avid, skilled and careful gambler, you now have a way to not only potentially grow what you’ve earned but also have fun spending your eCurrency on something you love.
But just because your cash is totally virtual doesn’t mean you should ever let your guard down while picking a gambling site. Research carefully, and look closely at what your fellow gamblers and trusted reviewers have said about which gambling sites are the best and which are untrustworthy.
With this information in hand, you can further narrow your choices based on which sites have the games you want. You can spend bitcoin online with virtual dice games, hands of poker, other card and casino games and even sports betting.
Just note that if your state or national government has banned spending fiat currency on online or mobile gaming, you won’t be able to play using your bitcoins.
Once you’ve checked that the site you want to use is reputable and that online gambling is legal in your area, you can look forward the following games and ways to bet with bitcoins.
Standard Casino Games
Many virtual casinos offer standard games, such as blackjack, craps, and roulette. Slots are another popular option.
However, you should be cautious about gambling on virtual slot machines and similar chance-based casino games, since these can be easily manipulated online.
Bitcoins are known for having better odds, but you still need to research carefully and make sure that the site you’re considering is legitimate and fair.
Poker is one of the most popular card games you’ll find in an online casino, with ample sites offering the specific type of poker you prefer.
Blackjack and other card games are available as well. Since bitcoins aren’t connected to a federal banking system, it’s much easier and safer to play poker with your cryptocurrency.
With sports betting, you’re betting against the outcome of a game, race, or other sporting event.
The bookmaker will run the odds, and if you bet correctly, your payout is determined by the amount wagered and the odds that your bet would win.
It’s never been a better time to have an interest in gambling. If you’ve got bitcoins to spend, you can take them to a virtual table and play your games.
Just remember to research online casinos and to treat your bitcoins with just as much caution as you would your paper currency.
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