Bitcoin Casino 2017 – Bitcoin Accepted at LuckyStar Online Casino
Bitcoin (BTC) started in 2008, when a software developer or a group of developers called ‘Satoshi Nakamoto’ proposed Bitcoin and imagined it as an electronic payment system based on mathematical proof. The main idea was to produce a currency that would be independent of any central authority, transferable electronically and instantly with very low transaction fees.With its security protocols, faster transactions, small fees (as no banks are involved) and anonymity (it leaves no paper trail of transactions), Bitcoin improves many elements that currencies around the world suffer today such as inflation and manipulation. Bitcoin represents the next-get stabilized currency and LuckyStar online casino is proud to accept bitcoin currency for both deposits and withdrawals in 2017.
Most important characteristic and the thing that makes Bitcoins so much different to conventional money is that there is no centralized controlling mechanism. There is no man, institution or ‘centralized software’ controlling the Bitcoin network and value. This puts a lot of people at ease because it essentially means that large banks can’t control their money.
Bitcoin, is not based on gold; it’s based on mathematics. People are using software programs that follow a mathematical formula to produce Bitcoins. The mathematical formula is freely available, so that anyone who wants can check it out. The software is open source as well, meaning that anyone who wants can look at it and make sure that it does what it is supposed to and what creator(s) say it does.
Get Bitcoins and Fund your Casino Account
Gambling with Bitcoin has made life much easier, much faster, and much more lucrative potentially, and all it takes is a little bit of adaptation on your part. If you decide to change your current payment option and start using Bitcoin, not only will payments be faster, they’ll also be much more secure, and your winnings could prove to be even larger than before!
To get started using Bitcoin, you will first need a Bitcoin wallet. A key bit of information you must be aware of is that if your wallet is ever lost or corrupt, you will lose all your bitcoins. So keep it safe!
There are 3 variations of Bitcoin wallets:
1.Online (blockchain) - stored by third party on cloud servers, both automatically and manual backup
2.Software (electrum) - stored on players computer, only manual backup available
3.Hardware (ledger) - stored on special piece of software that usually plugs into your computer via USB
Once you have set up your Bitcoin wallet, it’s time to fund it with Bitcoins. There are many options available for purchasing Bitcoin. You can purchase them with wire transfers, credit cards, debit cards and even in cash. Confirmed reputable sites for purchasing bitcoins instantly are:
IMPORTANT NOTE: For detailed information how to set-up online bitcoin wallet and fund it - Follow Bitcoin step by step guide
Once you purchase Bitcoins and safely stored it in your Bitcoin wallet, all you need to do is to create new account in your favorite bitcoin casino and select Bitcoin in Cashier as a deposit method. You should get the page with the BTC address where you should send the money from your wallet. Then go to your Bitcoin Wallet and send your desired deposit to that address. Once that’s done, you can start gambling with Bitcoin.
Making withdrawals is equally simple: all you have to do is copy your wallet’s address into the withdrawal section, and say just how much of your winnings you want to receive.