How to invest with cryptocurrencies

By | June 1, 2021
How to invest with cryptocurrencies

For many new investors the idea of ​​investing with cryptocurrency is both attractive and challenging. Most of us are aware that the original digital currency, bitcoin, has made significant gains to some of its long-term investors over the years. In particular, the value of bitcoin rose suddenly and rapidly in 2017, unexpectedly making bitcoin a millionaire from some early speculative investors. This made the currency high-profile that many more adventurous investors jumped on the bitcoin bandwagon and started trading bitcoins on the many online cryptocurrency exchanges now available.

Bitcoin is an innovative digital currency that allows peer-to-peer payments over the Internet. Many people think that bitcoin is almost synonymous with cryptocurrency, even though there are hundreds of different digital coins in the market now. Bitcoin is still the most well-known, widely traded and high value, however – surprisingly, it remains the most popular investment in the cryptocurrency market, with plenty of options for those wanting to buy, sell and spend bitcoins.

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However, not everyone knows that while playing online casino games you can also use bitcoin as your currency of choice. This is something that is of great interest to those bitcoin investors, who are also deeply interested in online gambling, as it gives them an additional way to use their bitcoin funds, of course, giving them access through their online Win to increase from. Here at Bitcasino, we make it easy and fun to combine online gambling and cryptocurrency. You can actually use online gaming as an investment, play with bitcoins and potentially increase your digital bankroll over time.

How do I invest my bitcoins in an online casino?

Not all online casinos will allow you to fund your account with bitcoins, but those that do make it an easy process. Most gamers find that gambling with bitcoin makes life easier, and potentially more lucrative. Bitcoin payments are typically processed faster than wire transfers, card payments and other forms of deposits, and bitcoin is a very secure form of payment. Also, you may find that your win is much higher than you expected!

Once you choose a reputable online casino that accepts bitcoin, you will find that the process of funding your account is similar to funding it by wire transfer, online payment, or any other way. The difference would, in fact, be mainly benefits, such as:

Cheap deposits and withdrawals

Fast payment processing time

· Better protection

High level of privacy

Let’s take a closer look at these benefits, and why they might persuade you to switch to using bitcoin for your online casino gaming.

Why use bitcoin for online gambling?

First of all, your fees for gambling with bitcoins will generally be lower. Paying at online casinos using bitcoin will usually incur a nominal processing fee, but it is usually much less than the fees charged by credit card companies and some online payment systems.

Secondly, using bitcoin leads to “instant payment”, so it may be the fastest way to make online payments. Think of bitcoin as the equivalent of paying cash in a land-based casino, or any other brick-and-mortar business. Paying with bitcoin is also a very safe and secure option, as chargebacks are nearly impossible, and possible security breaches with credit and debit cards, such as cloning a card, are eliminated.

Finally, paying with bitcoin gives the buyer more privacy, in the same way as paying cash in a store or other business situation. This reduces the “paper trail” left by other forms of payment. The system is, of course, legal and transparent, showing where payments come from and who they are paid to, but no personal data associated with the transaction, providing a high level of security and privacy to bitcoin buyers Is, and likewise when you are a “cash buyer” a benefit for the occasional enjoyer in the offline world.

Again, it is not difficult to see why bitcoin gambling in online casinos has become an attractive proposition for many regular online gamblers, especially for those already trading cryptocurrency as a hobby or investment strategy. Have been. But how exactly does this model of online gambling work? How do you play online casino games using bitcoin as your main currency?

How does online gambling with bitcoin work?

When it comes to online gambling, using bitcoin is no different than using a fiat currency (common, generic name for a government-issued currency). You will need to find a casino that will be happy for you to make deposits and withdrawals in bitcoins. There are many available, including BitCasino, where it is possible to open a bitcoin-funded account quickly, and use bitcoin for microgaming, sports betting, and regular betting.

How to invest with cryptocurrency

You can fund your account quickly and easily by paying with bitcoin, just as you would make any regular online payment, from the account or online wallet where your bitcoin is stored. When you log into your Bitcasino account, you will see your user icon at the top right of your screen. Just click on it, and then click on “Settings”. Next, click on the arrow next to the tab that says “Show Balance in”. A drop-down menu will appear and you can choose to display your account balance as μɃ or mɃ. These are gaming units that you can choose to use, and each represents a fraction of bitcoin, with a conversion of Ƀ0.001 equal to mɃ1, or μɃ1000.

This may sound complicated, but it is a convenient way to break high-value single coins into smaller values ​​suitable for online gaming purposes. You’ll soon get accustomed to gaming units, and it’s probably best to continue playing longer with the same units. Once they become familiar with you, you will definitely begin to understand the value of the units, without thinking about the actual conversion rates.

Is online gaming a good way to invest bitcoins?

Another benefit of using bitcoin to fund your online gambling account is that bitcoin is constantly fluctuating in value, so sometimes your online winnings will be even higher than you expect. The other aspect of this is that even your victory may be less than expected. Wise investors will fit their overall strategies around this. In its simplest form, it will usually be beneficial to withdraw and sell your bitcoins when prices rise, and continue to play when prices fall.

Investment strategies can, of course, be much more complex than this, and it is advisable for anyone trading bitcoin to be fully educated about all the possible trading techniques and strategies available to them. Ho. Online gamblers using bitcoin typically trade bitcoin on the stock market, use it to buy other cryptocurrencies and fiat currencies, and often use it to buy and sell other products and services. Online gambling is a small part of how they manage their bitcoin accounts, and work on increasing their balance.

While bitcoin is a great way to fund your online casino account, and an interesting way to invest your bitcoins, we would encourage you to look into any and all other ways of investing. There are many bitcoin exchanges where you can buy, sell, trade and store bitcoins and other digital currencies. The world of cryptocurrency trading is an exciting one, and if you decide to invest in the digital currency markets, online gambling with bitcoin is one of many options.

Where can I go to try to gamble with bitcoin?

As we mentioned, not all casinos will allow you to use bitcoins for online gambling. Among them, not all are as high-quality, secure and user-friendly as you would like. If, however, you feel that you are ready to try this whole bitcoin gambling thing right now, then you are definitely in the right place. You can start playing directly and securely with BitCasino, one of the leading bitcoin gambling sites in the world.

How to invest with cryptocurrency

Here at Bitcasino, we offer a variety of casino games, with an excellent choice of video slots as well as plenty of table games, with everything from roulette to blackjack available. We also offer a wide choice of exciting live dealer games. We also offer top-level security, helpful and responsive customer service, quick and easy account set-up and very generous welcome bonuses.

It is easy to try Bitcasino and test everything we offer. All you have to do is log on and take a look at one of the best bitcoin gambling sites found online. Getting started is quick and easy. It does not take more than a few minutes to open an account, and there is no hard form to fill. Register now, and have a look at the excellent Bitcasino.io today, and see what a nuisance!

Words: Shaun McNulty

Images: Shutterstock and Bitcasino

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