The Vegas Casino Ultimate Bitcoin FAQ: Learn How to Pay, Play and Win with Bitcoin
Ever wondered where bitcoin came from or what it really is? Have you ever asked someone how to get bitcoins? Does the prospect or playing casino games perplex you? If you’ve ever thought about these issues or anything else to do with bitcoin, sit tight because we’ve got the answer. Although we can’t promise to cover every question ever asked about the world’s leading cryptocurrency, our ultimate bitcoin FAQ does cover all the important stuff. Regardless of whether you’re a complete newbie or a seasoned pro, this guide should help you understand the basics of bitcoin and how to ante up inside our fully secure casino platform.
Who created bitcoin?
That’s one of life’s great mysteries.
All we really know about the individual or individuals behind bitcoin is they went by the pseudonym Satoshi Nakamoto. This name is actually interesting when it comes to the question of how to get bitcoins, because the word satoshis has since been used to denote the smallest fraction of a bitcoin (1 satoshi is equal to a hundredth of a millionth of 1 bitcoin). However, back to the question at hand, the main thing to note here is that we don’t know who created bitcoin. Although there have been a number of theories formed over the years, the real answer is that the entity behind the world’s leading cryptocurrency is and possibly always will remain a mystery.
Is bitcoin safe?
In fact, there are some that consider cryptocurrencies to be safer than standard currencies thanks to their decentralised nature. For the purposes of our ultimate bitcoin FAQ, we won’t go too far into the nuances of the system. However, the thing you need to note is that bitcoin isn’t controlled by a single entity.
A currency such as GBP is minted in government buildings and valued according to a country’s economic prowess, laws and other geopolitical factors. In essence, it’s controlled by a single body and, therefore, a centralised system. When it comes to mining bitcoin, the process isn’t controlled by one person. All transactions and the creation of new coins are the result of a global network of computers solving complex equations. Because of this, there’s never a single point of failure. Moreover, because each block of transactions is linked to a previous block, it’s virtually impossible to tamper with a payment. The combination of these two factors means that bitcoin is extremely safe.
Is bitcoin legal?
Yes, although it’s fair to say it sits in something of a grey area.
Although some countries have moved to ban bitcoin exchanges, that doesn’t mean the currency itself is illegal. In fact, countries such as the UK have started to appreciate bitcoin’s value and are in the process of trying to integrate its technology into various government-regulated industries. So, in short: no, bitcoin isn’t illegal at all.
I’ve heard bitcoin allows me to stay anonymous, is that true?
Yes and no. When you’re looking into how to get bitcoins, the first thing you’ll notice is that you can send and receive payments without giving anyone your personal details. This is something we’ve embraced here at Vegas Casino, as you’ll notice when you complete the registration process. In simple terms, all you need to complete a bitcoin transaction is a bitcoin wallet address, a private key (a unique code personal to you) and the amount you want to send/receive. In contrast, when you pay with a debit card, you’ll need to input your card number, your name and, in some instances, your address.
When you compare the two payment processes in this way, it’s easy to see why people say that bitcoin is an anonymous system. However, the reason it’s not fully anonymous is that your transactions are always public. By design, bitcoin payments are stored on a public ledger. This helps to keep things safe and secure, but it also means that everyone can see when a payment is made. Fortunately, the only pieces of information recorded are the bitcoin wallet addresses and the amount sent/received. So, even though people can see the transaction, they won’t know what it was for or who you really are.
Will the price of bitcoin continue to change?
In 2017, bitcoin’s dramatic price rise received mainstream media attention. Although those changes were something out of the norm, cryptocurrencies are a lot more volatile than traditional currencies. Even though these movements will slow down over time, the current state of play would suggest that we’re in for more ups and downs in the coming years. The main reason the fluctuations are so dramatic at the moment is because bitcoin is still relatively new. Once the technology matures, things will almost certainly even out.
Can I spend my bitcoins offline?
Of course. Once you’ve learned how to get bitcoins, there are plenty of places you can use your pocketful of cryptocurrencies. Although the following sections of this ultimate bitcoin FAQ will tell you how to spend your bitcoins with us, you can also use them online and offline. Although we won’t list all the offline businesses currently accepting bitcoins, you can use your coins to book hotel rooms, buy coffee and even enjoy a traditional pub meal.
How can I use bitcoins to fund my VegasCasino account?
Making a VegasCasino deposit is extremely simple. If you scroll through our library of blog posts, you’ll find a ton of information on how to get bitcoins. For the purposes of this ultimate bitcoin FAQ, we’ll simply say the following: to make a VegasCasino deposit, you need to create an account, note down our bitcoin wallet address and then initiate a transfer via your bitcoin wallet.
Can you direct me to a safe bitcoin wallet?
For anyone who doesn’t currently have a bitcoin wallet or some funds online, never fear because we can help. Although you can get your own bitcoin wallet, we’ve linked to two of the best ones on your account page. By visiting the cashier page inside your account, you’ll get instant and secure links to the following: Cubits and Coinimal. Depending on the payment method you’d like to use in order to exchange your funds, you’ll be directed to the most appropriate site where the process is laid out for you in simple step-by-step terms.
How long does it take to process my casino payments?
In general, you’ll see the funds appear in your account within a few minutes when you make a deposit.
For withdrawals, the process is almost as quick. Because bitcoin payments are inherently safe, we don’t have to carry out extensive security checks like you’ll see take place at other online casinos. Thanks to this, you can expect to have your winnings within a few hours.
Do you offer fewer casino games than a standard online casino?
Here at Vegas Casino we pride ourselves on offering one of the best online betting experiences possible. To this end, we’ve partnered with all the major software providers, as well as some you may not have heard of. After selecting the latest and greatest games each developer has to offer, we then put our own bitcoin spin on things so you can pay and play in ฿. The end result is a gaming lobby that’s packed with hundreds of games. To give you a brief overview of what you can expect to find once you’ve finished reading our ultimate bitcoin FAQ, check out the list below:
- Bitcoin slots
- Bitcoin blackjack
- Bitcoin roulette
- Bitcoin Baccarat
- Bitcoin poker
- Bitcoin rummy
- Bitcoin video poker
- Bitcoin live dealer games
- Bitcoin lotteries
Will I receive my VegasCasino winnings in bitcoin?
We only deal in bitcoin, so the answer is yes.
From the moment you learn how to get bitcoins and fund your account to the moment you request a withdrawal, everything is handled in ฿. Because of this, you will always receive your winnings in bitcoin. In order for this to happen, you will need a bitcoin wallet. However, as we’ve already noted in this ultimate bitcoin FAQ, we’ve done all the hard work for you in this regard. By following the links on your account page, you’ll be able to create a secure bitcoin wallet and obtain the details you’ll need when it comes to hitting the cashout button. As long as you manage to do everything correctly, you shouldn’t have any issues receiving your money.
Do you use bitcoin for your casino bonuses?
Again, the simple answer here is yes.
Our main aim is to be the best bitcoin only casino in the world and that means doing everything in ฿. Regardless of whether it’s the credits you use at a gaming table or bonus you receive after making a deposit, everything is handled using bitcoin. The reason we do this is that it removes any confusion or uncertainty. There are online casinos out there that offer bitcoin as a payment option and don’t let you actually play with bitcoin. While this isn’t necessarily a bad thing, it does make things tricky when it comes to values and conversions.
For example, if you deposit m฿ 100 but the site’s default currency was GBP, you wouldn’t instantly know how much you’re adding to your balance. Moreover, when you mix currencies, bonus amounts can vary depending on the currency you’re using. To avoid these issues and make the whole process as streamlined as possible, we use bitcoin and nothing else. So, when you make a deposit, claim a VIP reward or bank a monthly promo, you can rest assured that everything will be in bitcoin amounts and nothing else here on Vegas Casino.
How can I convert my bitcoin winnings into another currency?
Even though we love bitcoin and believe it’s the future of the payment industry, we’re not naive enough to think that it can become your default currency at the moment. Sure, this may change in the future, but right now you’ll probably want to convert your bitcoin into a standard currency at some point. Using our platform, you can exchange bitcoin for your local equivalent using the same site you used to create a wallet. Basically, Cubits and Coinimal are known as bitcoin exchanges.
When you create an account with either of these companies, you’ll be able to deposit money using your credit/debit card or eWallet. Once you’ve loaded up one of these accounts, you can convert your funds into bitcoin. At the same time you create an account capable of enacting the exchange process, you’ll also receive a bitcoin wallet where you can store funds. This wallet is where you’ll send and receive your Vegas Casino payments. Therefore, it’s also the place you’ll be able to switch your ฿ to GBP, EUR or whatever currency you like.
We like this system because it’s simple and efficient. Instead of creating accounts with separate wallets and exchanges, you can do everything in a single move. This means that conversion process is not only secure but much more efficient. The end result, as you’d expect, is that our winnings are in your bank account in the least amount of time possible.
So, in answer to the original question: yes, you can convert your bitcoin winnings into another currency and, importantly, it’s extremely easy when you use our system.
Is there anything else I need to take from this ultimate bitcoin FAQ?
Yes: if you need anything at all, just ask.
Here at Vegas Casino, we don’t just want to tell you how to get bitcoins, where to make exchanges and how many games you can play when you join us. We’re constantly working to ensure that you receive the best customer service possible and that means offering a 24/7 support system. Whatever time of the day or night it is, whatever your issue, you can contact us and one of our team will help. Regardless of whether it’s an issue with your account, a question about the latest bitcoin bonuses we’re offering or you simply want to know more about cryptocurrencies, we’re here to help.
So, if you’re ever in any doubt or you just want to learn something new, make sure you drop us a line using our contact form or live chat widget.