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Welcome to the awesome world of live dealer games in Bitcasino.

Bitcoin Casino - Bet in BTC, BCH, ETH, USDT, and more cryptos. 5 BTC welcome bonus, instant withdrawals, 1000+ games, high roller casino.

Live casinos are a new form of online gambling where you can experience the authentic feel of traditional land casinos. Our site offers the best live-casino where you can play various casino table games like roulette, baccarat, blackjack, and poker with friendly and experienced dealers.

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Discover the best live dealer experiences right here at Bitcasino! Take to the table and meet your favourite live dealer today

What Is a Live Casino?

What draws the line between a live and an automated online casino? A live casino mimics the human touch that a player can get at an actual physical casino. You basically play against a professional dealer rather than a computer in live casinos.

An online casino may miss the glamour of flashing lights and the clapping of spectators when a big win is landed. However, we make amends with the classic online casino convenience with our hosts that can communicate with you in real-time.

Our live games occur in studios that combine real-time footage of dealers and efficient electronic data processing. While we do all the techy details for you, you can bet in a virtual game room with punters all across the globe!

Our live studios have a multi-camera feature that lets players have a complete view of the table at different angles. Expect smooth close-ups of cards, cutaways and wide-angle shots. Each game will then be recorded by cameras positioned in various angles and saved for future playback.

Whatever game you want to play in our collection of live casino games, we can assure you the highest quality iGaming experience!

How It Works

After online casinos made itself available in the market in the early 90s, a new innovation was introduced in 2003 to make playing casino games more interesting and entertaining for players. As we’ve said earlier, a live casino operates to give a casino-like vibe to the player. It has three main sections that will allow you to have a real-time fun.

Optical Character Recognition

Optical Character Recognition or OCR is considered as one of the most important key features when it comes to a live casino. OCR’s technology allows you to have an interactive experience while playing.

Web Camera

Web cameras record everything that’s happening while you’re playing. The camera also allows you to see what’s happening on the other side of your screen. During the early inception of the live casino, big cameras were used to record everything.

Game Control Unit (GCU)

The GCU is perhaps the most important feature of a live casino. This system assists the dealer in operating the game and stores the game’s progress and gives it to the players.

Dealers

The live dealers complete the whole real-time experience of players. Dealers are trained before being allowed to play live with players. In Bitcasino, our dealers are trained professionals to make your gaming experience a good one.

Table and Wheels

Tables and wheels that are used in live casino are made up of sensors that can turn game results into information for you to access.

Monitor

Monitors are the channel where the player and dealer can see each other. It will allow you and your dealer to interact with each other. It also allows the dealer to record the bets and to close rounds. Monitors also allow players and dealers to communicate through the Live Chat.

Games You Can Play in Our Live Casino

You can play a wide selection of our table games in our live casinos. You can enjoy these games real-time with our experienced and friendly dealers.

Live Casino Lobby

You can easily select your pick from our selection of games. With our easy to navigate Live Casino Lobby, you can easily view the game occurring at each table. You can also switch games easily in the Lobby whenever you want to.

Other information that can be provided in the Lobby is the number of punters allowed per table and already in-play. The Minimum and Maximum Bets are also noted in each table. Some tables also have a specific time frame that can be seen in the lobby.

Before deciding on whether to play Blackjack or Baccarat, do not forget to view the tables’ basic gameplay as it may be different from what you could be expecting!

Live Baccarat

Baccarat was the first game to become widely available in live dealer casinos. It is also known as the favourite game of high-roller players because of its simple gameplay. The traditional ‘Punto Banco’ Baccarat game is often offered on our site. It has multi-seat tables as well as single-player ones.

Baccarat has very easy gameplay wherein you do not need to deal with your own cards. Instead of handling your own hand, you will need to bet on the Player vs the Banker game as they race for a total card value of exactly or closer to nine (9). You can also wager on a tie, with the lowest odds but bigger earnings.

The various types available in our casino also have slight differences when it comes to the rules. This means that you have to be familiar with them before the start of your game session. The rules and odds for each variant may vary from casino to casino. Be sure to go over the description before you enter the room and wager your real money.

Live Casino Hold’em

Play the most popular variant of poker in Bitcasino with our high-tech live casino. Live dealer casino for Poker games are slightly different. They are not like the traditional Poker games that are found in the standard online Poker rooms.

This is because players have to compete against the house, rather than against other players. If you want to play against other players, join an online Poker tournament instead. Moreover, the deals are done in real-time instead of being simulated by computer software.

Bitcasino’s software providers like Evolution Gaming and Playtech provide some of the best Poker games you will find online. This is because their live Poker games have special features.

In some games, the Ante bet grants you with a few pocket cards. You can also take a peek at the flop.

In case you choose to call, you may look at the dealer’s cards, the River, and the Turn. Your payout will be based on the hand that you have. Some other variations also let players check or raise after the Flop, Turn or River.

Special features like these give players a different Poker experience. Expect that it will stray far from the usual. Poker and its variations are commonly associated with bluffing.

Live Roulette

A single Roulette table is used and the dealer can handle even an infinite number of playing requests. This means that you will be eligible for instant play whenever you log into your account

The most popular variations of Roulette are available in Bitcasino. Most players usually play in European Roulette. Its other variants like French and the American Roulette are also popular among players who like the extra challenge.

There is no difference between the wheels and the tables available in most land and online casinos. The goal of the game should remain the same. However, you should be aware that the three variants have different payout odds and house edges.

Live Blackjack

Each live dealer casino should have Blackjack among the available options that its players can play. The most popular types of live Blackjack are the classic multi-player table that has seven seats and the one to many options. The latter, however, is not too appealing to players who prefer to engage in a traditional game of Blackjack.

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Make the most of your cryptocurrency. Check out great blockchain games, right here at Bitcasino.

The Bombay Club Feature

At Bitcasino, it’s important that we exceed the expectations we have set for ourselves. With live gaming being a usual in other online casinos as well, we are proud to introduce a new Bitcasino feature that will level up your gaming experience!

In the partnership of Coingaming Group and Evolution Gaming, we have created the Asian-themed Bombay Club High-Roller studio for our VIPs.
The Bombay Club Studio released just earlier this year supports these six main games:

• Blackjack Classic
• Speed Roulette
• Speed Baccarat
• Squeeze Baccarat
• Salon Prive Blackjack
• Salon Prive Baccarat

In case you are pressured by a lot of people betting on other tables, try your luck on the Salon Prive Tables! These are made exclusively for individual players. Now, you can really take your time in placing those bets.

Our Salon Prive Hosts are experienced to help you with any of your live gaming needs. A key factor that we have installed is our covered languages. We have extended our languages so that the Club’s hosts can talk to you in your native or other preferred language.

If you are craving for high winnings, you can also play at our high-limit tables with other VIPs.

Tips for Live Casino

We know that playing in live casinos is fun. It’s fun, easy, and most of all convenient. If you’re craving the atmosphere of a casino, but don’t have the energy to visit one, playing live casino games is your answer.

While playing live casino games is easy and fun, you shouldn’t take it for granted. Here are a few tips to increase your live casino gameplay.
Have a strategy

Have a strategy

Don’t place wagers if you don’t have a strategy to follow. Devise an effective strategy before you play any game for real money. Familiarize yourself with the different techniques of the table games you want to play. This will ensure that you will get minimal losses in your funds.

Set a limit to your bankroll

The golden in gambling is you should never bet money you can’t lose. Set a limit to your betting funds. You can do it on a weekly or monthly basis. Doing this strategy will help you lessen your losses in gambling.

Try out different table games

Play different table games if you can. Just because you’re an expert in playing a certain table game doesn’t mean you’re not free to try other table games. Just make sure that before you play a different game, you’re familiar with the rules first.

Advantages of Live Dealer Games

There’s a reason why playing in live casinos is making a buzz among players. It’s the perfect way to spice up any game night. Playing in live casinos sure does have its perks because it breaks the monotonous mood if you’re playing on your own. Here are a few advantages you can get from playing in live casinos.

It’s more fun

Playing with live dealers is more fun because it makes your gaming much more exciting and realistic. Other than the real company provided by hosts, the set up in live casino mimics the mood of an actual casino because you can see tables, wheels, cards, and more.

High-tech gaming experience

Bitcasino’s live casinos are powered by the best game providers. Experience high-quality gaming experience because all the features you can access on our site are designed by the best and cutting-edge developers like Evolution Gaming.

More bonuses

Amazing bonuses are what awaits you when you play live casino games on our site. We have a variety of casino bonuses you can enjoy if you play with us.

Live Chat feature

Using our live casino isn’t just limited to playing. You can also interact with our friendly live dealers. If you have any concerns or questions, our dealers will be ready to assist you.

Native speaking dealer tables are a plus

Top software providers cater to live dealer games to suit players who live in non-English speaking countries. This is because they have grown so popular outside of Europe and the rest of the world. We are devoted to providing 24/7 service to players no matter where they are. You will find that our site has live tables available in various languages to serve you with all different demands and needs.

Live-Casino Etiquette

Study the Game

Before participating in any live casino game, make sure that you know the rules. If you don’t know how the game is played, study the game first and make sure you can keep with the pace of the live-dealer. While live-dealers will give time to explain the rules to you, they run on a strict schedule that needs to be followed.

Make sure you’re in the right headspace

Don’t drink while you’re playing with a live dealer. While a few drinks here and there won’t do any harm, it’s still advisable that you are sober and coherent when interacting with live-dealers. This will help you avoid more losses while playing casino games.

Be respectful when interacting with the dealers

Always keep in mind to treat your dealers accordingly. Whatever issue you are having while playing, never take it out on the live dealers. There are certain rules and regulations you need to follow. If you experience loss while playing, don’t treat the dealers badly.

Whether it is a live game or an online slot or casino game, you should know that Bitcasino can give you a gaming experience well worth your time and Bitcoin! Choose from our collection of over 2000 games and be ready to have fun!

Welcome to bitcoin.casino, here you will learn about bitcoin gambling sites and different ways to play online casino games with fun crypto coins like BTC, BCH, BSV, LTC, ETH and other popular cryptocurrencies.

Our experienced team of Bitcoin gambling experts have reviewed and compared hundreds of the top BTC casinos to create this top 10 crypto gambling site list. Read our expert casino reviews below for 2020 wagering on cryptocurrency gambling games.

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Featured crypto games: Bitstarz Casino | The world’s first hybrid BTC-EUR casino.

Bitstarz takes a few honors on the internet ranging from best new online casinoawarded by numerous authorities in its debut year to #1 crypto hybrid casino site that accepts Euros.

Play bitcoin slots, poker and blackjack games and play for luck and you just might get lucky!

Be careful when you gamble…

Gambling can be addicting and for online gambling this is probably even more such the case so always remember to wager responsibly.

FortuneJack online casino was one of the first Bitcoin casinos on the web.

FortuneJack casino accepts a wide range of top cryptos including all of the cryptocurrencies that you would expect from a leading provider of crypto gambling games including Ethereum, Litecoin, Bitcoin SV, BitcoinCash and of course, the original OG Bitcoins themselves (BTC).

Trusted since 1996: Intertops Casino Red Accepts BTC Deposits + BCH, LTC

Intertops Red Casino

Intertops has been one of the pioneers among online casinos with its roots originating when it started accepting real money wagers in 1996.

Red Casino Intertops accepts Bitcoin (BTC), BitcoinCash (BCH) and Litecoin (LTC) cryptocurrencies.

Intertops Red Casino is a popular USA-friendly crypto casino that’s been on the trusted list for 25 years and counting.

New players signing up will receive a 100% welcome bonus up to $5,555 in Bitcoins.

We created this website to become the ultimate guide to Bitcoin gambling and playing casino games in crypto coins.

We have a team of Bitcoin casino experts in the fields of online casinos, online gambling sites and cryptocurrencies.

On bitcoin.casino we share our BTC betting knowledge & research with you here on our site making it easy to learn how crpto casinos actually operate.

We’re different than other Bitcoin gambling guides because we are very selective about which Bitcoin casinos can qualify for a listing on our site.

All of the online casinos that we review are highly trusted and well-known for giving casino players fair gaming software to play paired with world class customer service.

You will only find the best Bitcoin gambling sites listed on our cryptocurrency casino guide.

Our mission is to be the ultimate source of information on BTC gambling sites.

Top Bitcoin Casinos

Find the best Bitcoin casino 2020 bonuses from trustworthy BTC casinos.

Our team BTC analysts and cryptocurrency gambling experts have searched to the end of the web and back looking for the best BTC casinos to review on our website.

Listed here you will find the top Bitcoin gambling sites on the Internet in the year 2020.

Online Casinos and Bitcoins

Before playing be aware of the process for depositing and withdrawing bitcoins (BTC).

Once a person registers an account, they will be directed to a deposit page to add the bitcoins to their account.

This same page will often be where BTC is withdrawn from an account.

With traditional Internet casinos you’ll usually make deposits using a credit card and cash out by requesting a wire transfer to your bank account. Theses wire transfers can take up to one week before you receive the money into your bank account.

However, with Bitcoin casino sites you’ll receive your BTC within minutes up to one hour.

As a result, Bitcoin gambling websites have much faster payouts than fiat online gambling sites do and many gamblers are drawn to BTC casinos and cryptocurrency betting sites for this reason.

Some BTC casino sites refer to this page as the cashier while others may call it the deposit options, withdrawals, banking options, or bitcoin payment services.

People that already know the rules for regular online casino game play should find it easy to learn how to use bitcoin gambling sites.

Be sure to read the terms and the conditions for each casino that you gamble BTC with.

Things to look for are when the bitcoin bonuses will expire and other information such as the minimum and maximum withdrawal amount.

In the bitcoin casino review section there are several things we highlight as far as terms and conditions.

We point out what things to look for and what terms might be unusual.

Our website provides players with information and resources to determine if a site is reliable or not.

You can rely on these casino reviews provided here to offer accurate details and up-to-date casino bonus codes. We stay informed with current internet casino ratings and reviews from onlinecasino.info.

Are bitcoin casinos better than standard online casinos?

Bitcoin casinos have their share of challenges but are becoming healthy alternatives to the standard online casino with standard fiat currency. Many conventional online casinos are starting to accept bitcoins in addition to traditional fiat currency/money.

Bitcoins will make it easier to bet and collect winnings.

Many casinos will require that a person enters a credit card or other payment information to allow players to bet money and cash out. Not everyone has a credit card, but many online casino sites require the use of one. Many casinos need a credit card for game play. If a person does not have a credit card they may not get to enjoy the game-play. Casinos are developing different alternatives to collect payments while still being secure and bitcoin is quickly become the standard alternative payment option.

Bitcoin addresses security measures as well as concerns when a player decides to use other forms of payment other than a credit card.

Players that don?t have a credit card can look for a casino that allows them to use their bitcoins for making deposits.

There are several advantages to playing at bitcoin casinos.

Casinos that use bitcoins should not charge a fee for transferring funds and withdrawing money (other than the typical minimal bitcoin transaction fee). When a somebody uses a credit card or another form of payment, there is usually some fee associated with making a deposits that is significant;y higher that low BTC transaction fees. These credit card fees can add up over time.

Bitcoins have secure transactions. They are used the same way in every casino that accepts bitcoins. Cryptocurrency transactions give additional security to players since every transaction is encrypted. Players should always ensure their bitcoin wallet is secure.

Bitcoins do not involve a third party to process transactions. This helps avoid additional fees that third parties may charge and also helps improve the speed for most transactions.

When?betting at?a bitcoin casino gamblers can enjoy confidentiality.?People can play anonymously?without having to use their real name. They can use an alias for their account if they feel more comfortable not divulging their personal information. Casino players can still collect their winnings even if they choose not to use their real identity or name.

Bitcoin.casino?provides you with reviews of top rated Bitcoin casinos where you can bet BTC on online casino games. We take a careful review of each casino listed here and our Bitcoin casino reviews are reviews that you can trust.

Best Bitcoin Casinos 2020

We update bitcoin.casino often so you can always come here and find current information on the best online casino sites available today for real BTC wagering.

Play online slots on mobile devices and try all of your favorite casino games just for fun. All of our casino reviews are of established and trusted Bitcoin casinos where you can wager in BTC.

Bitcoin Slot Machines

Play slot machines and win real Bitcoins on the web’s best Bitcoin slots.

Bitcoin.casino offers reviews of the best and most popular bitcoin slot machines at online casinos where you can wager and win real BTC.

Bitcoin Blackjack

Play Bitcoin blackjack games at the Internet’s most trusted crypto casinos. Our online blackjack casino guide offers ratings of the most popular BTC casinos for playing blackjack in BTC.

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What Is Bitcoin?

Bitcoin is an online digital currency and payment system. It was created through series of mathematical algorithms that verify all bitcoin transactions through a public ledger known as the blockchain.

Unlike banks, nobody controls bitcoin and unlike governmental currencies, the supply is limited to 21 million bitcoins and not subject to intentional devaluation through monetary policy.

Bitcoin doesn’t print currency with unlimited supply like dollars or euros.

This is because people and businesses that run high speed bitcoin mining computers all around the world use software to solve complex math problems in order to verify each block on the blockchain.

Blocks are a series of bitcoin transactions that have been encrypted with an algorithmic hash that must be solved for transactions to be processed and authenticated.

Each time a block as been successfully solved a number of Bitcoins are awarded to the miner that solved the equation.

Who Created Bitcoin, & Why?

Satoshi Nakamoto is rumored to be a Japanese software developer however nobody knows for certain.

What is certain is that the idea for Bitcoin was introduced in the now famous Satoshi Nakamoto bitcoin white paper:

He proposed bitcoin with the idea of being able to produce a digital currency independent of any central authority.

The idea was to be able to quickly transfer it electronically with with very low fees.

Why Are Bitcoins Different Than Normal Currencies?

While one can use bitcoin for buying things electronically, It also acts somewhat like like conventional currencies; these currencies are digital transactions too.

The big difference is that Bitcoin is not institutionally controlled.

Why is this important?

This means, no bank can have control of the money. Being able to manage personal money, is a major selling point for a lot of people.

Also, another big selling point that makes Bitcoin different is that the currency isn’t physically printed out.

Because, nobody owns it, there isn’t a bank making their rules up as they go messing with everybody else’s money.

Bitcoin is all digital, and anybody can join. Bitcoins are mined, using computer power in a network.

What Is Bitcoin Based On?

When you take a look at common currency, gold and silver are the bases which support paper money.

Bitcoin is different because it relies on mathematics.

Bitcoins are produced worldwide by people using software programs that follow a formula.

This mathematical formula is available for everyone to check and make sure it is always working.

How Does Bitcoin Work?

Explaining how Bitcoin works can be a little confusing, but here is a simple explanation.

Let’s say someone has just signed up with Bitcoin.

This new user can get started without understanding all the technical details.

As a new user, they can install a Bitcoin wallet on their computer or smartphone. Once they have installed it, their wallet will create a Bitcoin address, which can be disclosed to their friends, that way they will be able to make payments or vice versa. It is pretty similar to an e-mail address.

A user can use more than one address, it is advised that a new address is utilized for every transaction.

Balances ? Blockchain

The blockchain is where all confirmed transactions are placed ? like a bank balance. It is a shared public ledger. All of Bitcoin relies upon their blockchain.

With the blockchain, Bitcoin wallets calculate all their spendable balances and new transactions are verified with it too. Cryptography enforces the integrity and chronological order of the blockchain.

Bitcoin Transactions ? Private Keys

Transactions are transfers of value between Bitcoin wallets, which are to become included in the block chain. Private keys or seeds are a secret piece of data that is used to sign transactions. Private keys provide proof mathematically that the operation comes from the actual owner of the wallet.

Private keys will also prevent any alterations of the trade to happen once issued or finished. The network usually confirms all transactions within 10 minutes ? this process is called mining.

Processing ? Mining

Bitcoin Mining is a system that confirms the waiting transactions using high speed algorithms and includes them in the blockchain. It uses the chronological order in the blockchain, protects the transaction through the network, and allows computers to agree on the state of the system.

Every transaction packed in a block that fits rules that are verified by the system to be confirmed. Enforcing these rules prevents previous blocks from being modified. Mining prevents any individual from adding new blocks in the blockchain and cannot control what the blocks included in it.

What To Know Before You Start Using Bitcoin

Since Bitcoin is different than a traditional bank which everybody used, it naturally works quite differently.

Bitcoin and its transactions should be taken as seriously as your wallet in your pocket or purse.

Bitcoin Security

As stated above, a Bitcoin wallet should be secured just like, or even more than, a physical wallet.

Bitcoins can provide high levels of protection for your online portfolio when properly used.

Here is some advice on how to protect a Bitcoin wallet

• Be Careful Online
• Only Use Small Amounts
• Backup Your Wallet
• Encrypt Your Wallet
• Offline Wallet Should be Used For Savings
  An offline wallet provides the highest level of security. When used right ? back it up and encrypt it ? it is the best way to keep larger amounts of money.
• Keep Your Computer Software Up To Date
• Multi-signatures Will provide Extra Protection

The Price of Bitcoin Can Change

Since Bitcoin is relatively young, the price can go up and down unexpectedly over a short period. Always remember, because of its short life and sometimes illiquid markets, Bitcoin cannot be recommended for a Savings Account. It always is seen as a high-risk asset, and it should never be used to keep money safe that users cannot afford to lose.

Bitcoin Payments Are Irreversible

Another interesting fact about Bitcoin is, once someone issues any transaction, it is irreversible. The transaction, however, can be refunded by the person who receives the funds.

The future is still bright and Bitcoin and cryptocurrencies will be moving forward. There may be some changes for some more choices for customers and the protection for their clients.

Bitcoin Gambling Is Not Anonymous

When it comes to securing a wallet, there is some part the customer has to do with securing it.

Bitcoin is a growing public community, and all transactions are stored publicly and permanently on their network. Anybody that has access to the blockchain network can see all the balances and transactions of any Bitcoin address.

Everyone should know, the identity in which the address is referring to cannot be shared until the information has to become revealed during a purchase or other circumstances.

Since more than one Bitcoin address can be used; it is advised that users should use only one address per transaction.

It is the user who is responsible for protecting their Bitcoin wallet and addresses at all times.

Unconfirmed Transactions

When explaining this, it may get a little tricky, but hold on. Not every transaction starts out irreversible. What happens is, each transaction gets a confirmation score which states how hard it will be to reverse them. Every approval can take between 90 seconds to 10 minutes.

If the transaction has a fee attached or is typical, getting a confirmation ? the first time ? can take a little longer

Bitcoin Is Still Relatively New

Bitcoin is still very experimental. It is a brand new currency that is still actively under development. It will have a lot of bumps along the way, and everyone needs to expect them. With each improvement, it may bring more challenges. During each development, users may encounter increased fees slower confirmations or more server issues.

Always be smart with your money and be prepared for any problems when using Bitcoin

Taxes & Bitcoins (BTC)

Bitcoin isn’t an official currency. Always remember, jurisdictions still require you to pay:

• Income Taxes
• Sales Taxes
• Payroll Taxes
• Capital Gains Taxes

These Bitcoins have value, so all of the above meet the tax requirements.

Remember, it is Bitcoin users responsibility to make sure they follow tax and other legal mandates issued by the government.

Play Bitcoin Casino Games

Being confident that the risks won?t get in the way, here is how one would get started using Bitcoin playing casino games for BTC. Play slots, roulette, dice games and blackjack online for a chance to win real BTC.

Choosing Your Wallet

You can decide to have either a wallet on your smartphone or your laptop/desktop or both for only online payments. Choosing which can be done in minutes.

Getting Bitcoins

A user can get Bitcoins by accepting them for payment, or buying them from a trustworthy individual. They can also be obtained from directly exchanging through your bank account.

Spending Bitcoins

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Spending Bitcoins depends on the merchants or services. Many merchants and services accept Bitcoins for payments. After the use of Bitcoins, the user can rate their experience to help an honest business gain more reputation.

How To Accept Bitcoin For Payments

Know as much as Possible

As stated before, you should always know what you are getting into and know what you are doing. If someone is interested in using Bitcoins as acceptance as currency, then they need to know exactly how receiving them for payment works. It could result in their business suffering if they didn?t know.

Processing Payments

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Payments and invoices can be processed by the business owner and can process payments into bitcoins or local currency.

Accounting & Taxes

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Bitcoin works similarly to foreign currency. Merchants should always get advice regarding tax for their jurisdiction from a qualified accountant.

Gaining Visibility

A business can be submitted quickly to online directories, and the Bitcoin logo can get displayed on their website.

Bitcoin is a form of digital asset that acts as a payment system; it was invented by a person only known as Satoshi Nakamoto in 31 October 2008.it was first intended for cryptography list before being released as open source software in 2009. Several people have tried to claim that they are Satoshi Nakamoto but none has yet to provide enough proof to back up their claim.

It is a peer to peer system where Bitcoins transactions take place from one user to another without the use of intermediaries. All Bitcoin users in the world are partial owners of the Bitcoin technology; this is because regardless of software improvisation by developers, users are free to choose which software or version they will prefer to use. For users to stay compatible with each other, they should use software which complies with the same rules thus all developers and users have an incentive to protect the consensus.

Over the years, the number of individuals and businesses using Bitcoins has grown exponentially. It is estimated that the value of Bitcoins currently in circulation is well over US$ 2 billion. Bitcoins are usually acquired for payment of goods and services. To acquire the Bitcoins, one has to purchase the from either Bitcoin exchange, exchange the Bitcoins with another user or earn Bitcoins from competitive mining (this is the use of computers to solve complex math questions where the winner is rewarded. The present-day rates are twenty-five Bitcoins for the winner). Most exchanges do not allow payment via methods like a credit card or PayPal due to money reversal.

Some advantages of Bitcoins for individuals include:

Mobile payments

The current dynamic of the world requires individuals to be able to pay for goods and services regardless of the time and location. For mobile payment, one has to have enough funds in their mobile wallet. The payment is done in two simple steps.it does not require signing up hence an individual just swipes his card, inputs his pin or anything that will identify him. The receiver should be able to display his QR code in his wallet application and let the sender scan his mobile or bring the two phones together (this uses NFC radio technology). Bitcoins give users total control of their money by eliminating banks, borders and bureaucracy.

Money security and control

Fraudsters are continually coming up with new ways to cone people off their hard earned money. Bitcoins has several necessary steps that should be implemented to ensure that individuals have a solid level of protection and control over their money. Bitcoins operations are secured by use of high end military grade cryptography. No individual is able to make payment in accounts that are not theirs or charge another person. Additional security is ensured by the use of the backup system and encryption. Users can increase their security by:

• Choosing a trusted wallet provider. Wallet providers have different levels of security; some wallets have recently incurred cases of breaches. Choosing a trusted, secure and insured walled does the trick.
• Use of secure passwords. Passwords are your paramount line of defense to your wallet, experts have ideally decided that people should have sixteen character long passwords that include letters, symbols, numbers and punctuation marks.
• Keep a small amount in wallets. To minimize the risk of losing a lot of money or having it stolen, one should keep only the amount he expects to use soon. The rest of the money can be kept in a bitcoin vault which is designed to be less accessible than the wallet.
• Works anytime, anywhere

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The technologies used for Bitcoin transaction are all compatible hence individuals have the option to use any software they prefer. It works just like emails; you can send a message to any person regardless of the site he used. Bitcoin is an international currency and its network does not take a break, even during holidays.

Reliable worldwide payments

Bitcoins are not bound by any nation?s law; sending Bitcoins to another country is as easy sending them to your friend across the street. We are used to the normal regulations of banks making people wait for at least three to five business days, incurring an extra fee for international transfer or limitation to the maximum or minimum that one is allowed to send, but with Bitcoins, no such regulation exists.

Choose your own fees

The available wallets let you decide how hefty a fee to pay before spending, for receivers, Bitcoins come at no fee. All wallets have a set reasonable default fees but for faster confirmation of transactions, the higher the fee the better it becomes. The amount of fees paid is not directly proportional to a number of Bitcoins transacted hence you can send one hundred thousand Bitcoins at the same fee as of one Bitcoin.

Identity protection

Other payment systems require users to link their credit cards hence being vulnerable to malicious attempts. With Bitcoins, no one can collect your data or impersonate you since no credit card is required. Just like real money, the user can send money without revealing his identity. Bitcoin?s software may, however, require your information to protect your privacy.

Some disadvantages include:

Degree of acceptance

Bitcoins is still a new currency in the world and a lot of people still do not know its availability or how it is used. The amount of businesses accepting Bitcoins is still small and this numbers should significantly grow for it to benefit from network effects.

Volatility

Never before has this world experienced such a start-up currency, it is an exciting and interesting new venture. The overall value of Bitcoins in circulation and the businesses involved is small thus small events or business activities can easily affect its price. The positive from this disadvantage is that the volatility will decrease as the Bitcoin technology matures.

Ongoing developments

Bitcoin software?s are still in their initial versions of development; there are so many incomplete features currently available. New services and tools are springing up daily to make it more accessible and secure to the masses. With time, bitcoin businesses will start to offer insurance hence becoming more acceptable.

People trust Bitcoins due to the fact that it requires no trust. It is a decentralized and open source hence anyone can go through the whole source code at will. Any knowledgeable developer in the world can decode how Bitcoin work. Any ongoing transaction can be visibly consulted in real time by both users.

Bitcoin can be used to pay physical stores or online business just like real money. It can also be exchanged with physical forms like Casascius coins. Their balances are kept in large distributed networks and cannot be altered by any mischievous person.

Bitcoin Casinos?have naturally been growing in popularity with all of the benefits afforded by bitcoin. Both online players and casino operators benefit from the low cost framework supporting the digital currency?s transactions. Some online casinos are offering generous welcome bonuses up to 5 BTC on new deposits.

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