In case you are unfamiliar with this form of currency, Bitcoin is a decentralized digital currency and peer-to-peer technology that has been in use since 2009. To better understand how cryptocurrencies work, here’s a closer look at the world’s most popular, well-known and widely used cryptocurrency, Bitcoin. It is responsible for managing and recording transactions and is highly secure tech. This is a decentralized technology that is spread across a vast number of computers. Essentially, you exchange real (physical) currency for the cryptocurrency to access what the company has to sell.Ĭryptocurrencies work using blockchain. To obtain these tokens, you buy them in the same way you would casino chips or arcade tokens. These tokens can be traded specifically for the services or product that the company offers. Several companies have issued their own currencies, which are commonly called tokens. It is a digital-only form of payment that can be exchanged online for goods and services. What is Cryptocurrency?Ĭryptocurrency is a decentralized digital currency. Ideally, if you want to appeal to as many players as possible, the best option is to offer a variety of payment methods and currencies, and not only one type – crypto or otherwise. credit cards, debit cards, eWallets, bank transfers, etc.) and currencies (e.g. A casino that includes crypto payments as well as traditional payment methods (e.g.A casino that accepts only cryptocurrency payments.There are essentially two types of crypto casinos:

slots, table games, live casino games, etc.) with cryptocurrency for the chance to win cryptocurrency. A Bitcoin casino, or crypto casino, is a gambling platform that permits players to make deposits and withdrawals with cryptocurrency, such as Bitcoin (BTC) and/or other cryptocurrencies like Ethereum (ETH), Litecoin (LTC), Cardano (ADA), Ripple (XPR) and so on.Īt these casinos that offer online Bitcoin casino software for crypto gambling, players can bet on real money games (e.g.

Open source casino software