July 27, 2020

Cryptocurrency-supported Online Gambling Sites – What To Consider

Rorg D'Ghor
gambling

One of the most widespread leisure pursuits enjoyed by a lot of individuals across the globe is online gambling. With hundreds of gambling/betting sites operating online, players are presented with plenty of opportunities to play for actual money and conveniently from their mobile device.

When selecting an online gambling website to wager, play and potentially win in actual money from real money games, you need to know the various payment options the site accepts or supports. Although most people make use of credit cards, prepaid cards, bank transfers, debit cards, and ewallets, many have already began making use of cryptocurrencies as many online gambling sites have also started to accept and support these virtual currencies.

Crypto-supported Online Gambling Sites – What to Look Into

With cryptocurrency, you could safely gamble at the same time stay absolutely anonymous. As cryptocurrencies presents its users increased protection and security, none of the users’ or players’ personal as well as financial information is relayed to the online gambling site.

When opting to use cryptocurrency to place wagers, there are a few things you have to consider. Although cryptocurrency guarantees your safety and protection, you still have to make certain that the online gambling site you register and play on is legal, trusted and credible.

Major Types of Crypto Online Gambling Site

There are two major types of crypto online gambling sites – cryptocurrency-only betting websites and established online gambling websites with crypto as an alternative.

  • Cryptocurrency-only Betting Websites. These are online gambling sites that only accept certain types of cryptos. This means that players cannot make use of real money or fiat currencies. These types of online gambling sites are fairly new in the online gambling landscape; hence they are missing a proven history or excellent reputation of being reliable and dependable. However, as such sites only accept cryptocurrencies, payouts tend to be processed much quicker. Moreover, the variety of cryptocurrencies you could use is broad.
  • Established Online Gambling Websites with Crypto as Wagering or Payment Option. Online gambling sites or sportsbooks that have been around in the online gambling landscape for quite some time now may have added cryptocurrency as a wagering and payment option. These types of sites are the best choice as you could check on their history or reputation in terms of trust, dependability and credibility. But the downside is that they might only accept certain or limited types of cryptos. Therefore, before signing up, check on which types of cryptos the online gambling site accepts.

Other Factors to Consider

When choosing an online gambling site to play at and make use of crypto, there are a few things to consider.

  • Always check on the trust score, reputation and credibility (and the experience) of the website to ensure you will be in a safe and secure gambling environment. Make certain they have the proper licensed and are regulated, a site that will definitely protect all your information with their Privacy Policy which you should read as well.
  • Make time to learn and study about the software used by the website as this has an important function to play in terms of selecting games and payment/payout options. So, make certain the software is reliable to avoid any trouble in the future.
  • Although cryptocurrency allows you to play in online gambling sites anonymously, you still have to make sure that the site has a reliable encryption software to ensure every transaction you make is secure and that your data are also stored in a very secure sever. Also ensure that customer support/service is reliable and reachable 24/7 in through varied means.
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May 13, 2020

How to Invest in Cryptocurrency Today

Imagine how convenient the world when people use cryptocurrency. Basically, it is the new birth of fast and frictionless money transaction.

When you shop online, pay something online, or send money effortlessly, you will no longer go an over the counter bank to deposit and send money. You can now definitely do that with the use of cryptocurrencies.

No matter where you are in the world, whether you are travelling, or just at the comfort of your home, or at work, you can definitely transact anything in just one click.

Why Should You Invest?

Every single day, a lot of cryptocurrencies are emerging in the industry. Slowly, blockchain technology or crypto is slowly changing people’s lives for the better.

Here are a few reasons why you need to invest in cryptocurrencies today.

It gives returns you could never have imagined. It’s online money or a digital wallet. Investing in this type of currencies lets you have x4 bigger cash backs by the end of the year, and million in the next 5 years.

The crypto world is really huge. it has been intimidating a lot of people to invest because with them you are guaranteed that you can have huge growth potential. Though it can a tough road to take, in the end it will all be worth it.

If you are not a fan of banks, national and government monopolistic corporation, then cryptos are right for you. What you have in your digital wallet is all yours. No sharing for these authorities.

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April 6, 2020

Gambling Using Cryptocurrencies

Hundreds of casinos operate online as online gambling has become a popular recreation enjoyed by a lot of persons across the world. Many online casino and gambling sites provide easy and secure access to fun and exciting games from the best developers. Not only are they played for entertainment, but also for real money. This means that players could bet and win real money, just like you would in a physical casino.

For instance, dominoqq, a game quite identical to Pai Gow, a game of Chinese domino, have advanced into an online game where a lot of people now play it since it is fast and could be very profitable if you make a win.

When selecting a site online to play such games for real money, you have to consider what type of banking options they provide. Although majority of players still do make use of debit cards, credit cards, prepaid cards, ewallets, as well as bank transfers, several have begun utilizing digital currencies or cryptocurrencies as players could safely and anonymously participate in gambling. Furthermore, with cryptocurrencies, player protection and security are improved since not a single personal or financial data is forwarded to the gambling site.

Things to Consider in Cryptocurrency Sites

As you choose a gambling site that accepts cryptocurrencies to play, there are several aspects to take note of. You would want to make certain that you are engaging in trusted site for completely safe and secure playing experience. Your preferred online casino must be legal, meaning it has to be licensed and regulated as well as provide a Privacy Policy protecting every sensitive material.

Crypto sites accept a range of digital currencies, therefore ensure that the sit you have chosen offers the cryptocurrency that you have and usually use. Additionally, make certain that you could redeem bonuses as well as promotions when depositing cryptocurrencies.

As soon as you have found a trusted site that supports digital currencies, it is imperative to look into and learn everything you can about the software used as this will play a part in selecting games and possibilities for payout, so always select a site with a software that is reputable.

Security measures carried out by the online casino is also another aspect to take note of as you would want to ensure that every transaction is completed making use of an encryption software. Also, you have to ensure that the casino keeps your information on a reliable and secure server. Additionally, you would want to look into the customer support of the site making sure they are always available and very much reliable.

Bottom Line

Know that gambling, whether using real money or cryptocurrencies, always comes with risk. So prior to engaging in online gambling, ensure you have carried out sufficient research to guarantee player protection.

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March 22, 2020

Understanding Bitcoin And Bitcoin Trading

Eija Järvinen
Cryptocurrency

The cryptocurrency Bitcoin is enjoying increasing popularity as a financial instrument, it is experiencing a long-lasting hype. But not everyone is familiar with the basics of digital payment. They say trading in bitcoin is like a gamble because of the many risks involved. But unlike gambling in known sites like DEWA303, trading in bitcoin offers a better probability of ROI. Let’s take a look further at what is a bitcoin and how does it work.

What is bitcoin?

Bitcoin is a digital form of payment, a so-called cryptocurrency. The name is derived from cryptography, which is used to secure transactions carried out via the associated online database blockchain. The acronym for Bitcoin is BTC , comparable to USD (US Dollars) and EUR (Euros). The Bitcoin Euro currency pair is abbreviated as BTCEUR, the Bitcoin Dollar pair as BTCUSD.

Bitcoin can also appear paired with other currencies. In this case, the name of the currency pair would be structured analogously to the forex market.

How does bitcoin work?

Bitcoins offer the possibility to make fast, secure and inexpensive peer-to-peer payments – without the need for a bank or a central computer, and of course without cash, credit card or other. The transaction takes place directly between the digital wallets of the parties involved and is verified by the blockchain. It is secured with a unique private key that verifies the parties’ digital wallets.

What is Bitcoin blockchain technology?

Blockchain is a decentralized database through which all transactions of cryptocurrencies take place. A certain number of transactions on this basis is referred to as a “block”. Each of these blocks stores information about the previous block and each transaction therein stores information about the previous transaction. In this way, full transparency of all payments in the blockchain is granted.

The Bitcoin Blockchain infrastructure has introduced a revolutionary method of storing financial data, which is characterized by complete transparency and accessibility, has been created through joint development with open source code and does not belong to any individual or entity. The maintenance of the blockchain infrastructure is done through the collective power of millions of computers that verify transactions worldwide and add them to the blocks.

Transaction data verified in this way cannot be subsequently modified or deleted, which means that all Bitcoin payments are final and undeniable.

What is Bitcoin mining?

As soon as a new block has been created in the blockchain, it is rewarded with 12.5 bitcoins, which takes place approximately every 10 minutes. This is the value of the so-called ” mining “, which is derived from the English word for “mining” and refers to the collective use of the collected computing power of the network.

Mining involves many individual users and specialized companies who deploy their computing power worldwide to participate in this fundamental process. The system automatically generates new bitcoins and regulates the speed of its processes so that it is not possible to generate bitcoins faster unless significant investments are made in the corresponding hardware and the resulting electricity costs.

The remuneration for bitcoin mining of a block will have halved by this year (2020) and will continue to halve every 4 years until the set total of 21 million bitcoins has been generated, which will not be achieved until 2140 becomes. As a result, Bitcoin has the fundamental potential to add value for a long time to come.

The graphic below shows that at the end of 2019 there were more than 18 million bitcoins in circulation. It also indicates how quickly and continuously the amount of bitcoins increases over time. The demand for Bitcoin is steadily increasing – and will continue to do so if none of the competing cryptocurrencies manage to outdo Bitcoin.

How much risk is there in Bitcoin trading?

Bitcoin is a volatile instrument in which daily price fluctuations of 10% and more occur quite frequently, which makes it a very risky medium for investments and trading. Of course, without a certain risk, no big profit is possible, but we still recommend that you only invest money that you could lose completely in the worst case.

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