Good Morning on this fine Sunday! Today we're blogging all about Bitcoin and Crypto currencies and we are absolutely sure you would have heard of this new wave currency that's taken the world by storm - and the secret is, you don't even need to be that technical to use it! Although, we will say that you do need to know what you are doing, as one mistake means you can lose access to fun, which is why we always recommend research and keeping up with the trends. The question of the day is:
Naturally, the iGaming world would be the next step to accept this type of currency as a deposit method and using Bitcoins at betting and gambling sites in the UK is become more and more popular! Today, of course we are into Bitcoin when it comes to gambling sites online and we thought it would be a great idea to look at best betting sites that accept Bitcoins in the UK. When we say betting sites, we also will cover Bitcoin casinos and Bitcoin gambling sites so that you have a range of top level sites to play at using Bitcoins.
First of all though, for any readers who are not yet acquainted with this "new age" currency, then we will go into a bit of the currency background and also a bit about what it is and how it works, so please do bear with us! So... if you are asking yourself this very question: What is Bitcoin? then let us tell you in the most simplistic way to keep it easy.
Bitcoin (BTC) is a newer crypto currency that was created by an unknown person going by the alias of Satoshi Nakamoto in 2009. This new online currency means that transactions are made with no middle men, or in plain terms: no banks. And ladies and gentlemen, this is one of the perks about Bitcoins. Because there are virtually no middle men, there are no transaction fees that you’d normally encounter no matter if they’re e-wallets or well-known banks.
Bitcoins are anonymous and are used to make international payments in an easy and cheaper way. This is because they’re not tied to any country nor are they subject to any regulation or institution.
Think of Bitcoins like a digital wallet or a virtual bank account, which allows users to send or receive Bitcoin transactions. Just like a regular bank. As we said at the beginning of this article, you can use your Bitcoins to buy things or pay for stuff online.
You can also save or store your Bitcoins as virtual money for investment purposes, which is what a lot of people are doing. How so, you ask? It has to do with the price of Bitcoin. Like any stocks or ‘legitimate’ currency in the world, the price of Bitcoins can rise but they can also fall too, just like the Pound or the Euro and you can spend bitcoin UK not just gambling - but also with giftcards and at some vendors - but that's a whole different article!
This is why betting with Bitcoins is slowly becoming more popular in the UK. For a start – it’s virtually anonymous. Using Bitcoins at UK Casino and Gambling Sites is also fun because it’s different and this is why one of the reasons Bitcoin gambling is becoming huge.
Also, look at it this way when it comes to value. Suppose that you deposit and withdraw your winnings you made at an online casino totally in Bitcoin. You won a nice sum and that sum is sitting nicely in your BTC Wallet. The next month, the price of Bitcoin could have increased and your winnings are now worth even more! That can truly happen, but with any stocks, share and trading markets – the price can either go up, or it can go down. So make sure you bear this mind.
Another perk with Bitcoin betting in the UK is that you can usually get better bonuses and even play games with a better house edge because Bitcoin gambling sites will have lower overheard thanks to Bitcoins. Remember what we said? Yep - there are no processing fees for the merchant.
Little did you know that gambling sites have to pay sometimes up to 20% transaction fees of what you deposit via Visa, MasterCard, Skrill and the rest. In large amounts, it can get quite expensive for gambling sites and only east into margins. .So Bitcoins actually helps create better bonuses and promotions too; which is only a good thing!
If you are new to Bitcoin on any level, then we always recommend that you do your research first. There are plenty of Bitcoin guides out there which are rich in information and tips to help you get started. Just spend a little time getting to grips with this whole new way of banking first.
UK law states that to allow bets from players in the United Kingdom, a gambling site must hold a valid UK Gambling Commission issued license. AllGamblingSites.com will only recommend Bitcoin betting sites which hold such licenses as we value safety and honestly when it comes to gambling online.
Because of the grey areas surrounding Bitcoin, the fact that it’s new and largely unknown to the regular player and that fact that Bitcoin is not as tied to any law or jurisdiction has made betting sites accepting Bitcoins in the UK a little slower on the uptake.
We could recommend betting sites which will accept your registration and also Bitcoins which aren’t licensed by the UKGC – but we don’t really want to do that. We’re serious about the quality of sites we recommend and will steer well clear of any sites which we deem a little on the dodgy side or in a grey area when it comes to the law.
With that said, below you will find some recommended Bitcoin betting sites in the UK which are licensed by the UK Gambling Commission. All accept Bitcoins, all offer some interesting Bitcoin casino or betting bonuses and all are legit and trusted.
Make sure you check back to this page as the Bitcoin gambling market in the UK is growing and will mature in time so we are always adding new Bitcoin casinos in the UK when we find a good one.
Are you interested in crypto currencies? Perhaps you’ve just recently learned all about Bitcoins? In 2018, more and more people are learning ab?out Bitcoins and how to use them to purchase things online. So what about 2019
Naturally, the iGaming world would be the next step to accept this type of currency as a deposit method and using Bitcoins at betting and gambling sites in the UK is become more and more popular! Today, of course we are into Bitcoin when it comes to gambling sites online and we thought it would be a great idea to look at best betting sites that accept Bitcoins in the UK. When we say betting sites, we also will cover Bitcoin casinos and Bitcoin gambling sites so that you have a range of top level sites to play at using Bitcoins.
First of all though, for any readers who are not yet acquainted with this "new age" currency, then we will go into a bit of the currency background and also a bit about what it is and how it works, so please do bear with us! So... if you are asking yourself this very question: What is Bitcoin? then let us tell you in the most simplistic way to keep it easy.
Bitcoin (BTC) is a newer crypto currency that was created by an unknown person going by the alias of Satoshi Nakamoto in 2009. This new online currency means that transactions are made with no middle men, or in plain terms: no banks. And ladies and gentlemen, this is one of the perks about Bitcoins. Because there are virtually no middle men, there are no transaction fees that you’d normally encounter no matter if they’re e-wallets or well-known banks.
Bitcoins are anonymous and are used to make international payments in an easy and cheaper way. This is because they’re not tied to any country nor are they subject to any regulation or institution.
A (Very) Brief look at How Bitcoins Work Bitcoins are stored virtually in a digital wallet. There are many different kinds of these wallets available; some of the most popular and well known ones are Blockchain, Bitcoin Wallet and Mycelium. It’s up to you which one you use. These wallets exist either in the ‘cloud’ or on a computer.
Think of Bitcoins like a digital wallet or a virtual bank account, which allows users to send or receive Bitcoin transactions. Just like a regular bank. As we said at the beginning of this article, you can use your Bitcoins to buy things or pay for stuff online.
You can also save or store your Bitcoins as virtual money for investment purposes, which is what a lot of people are doing. How so, you ask? It has to do with the price of Bitcoin. Like any stocks or ‘legitimate’ currency in the world, the price of Bitcoins can rise but they can also fall too, just like the Pound or the Euro and you can spend bitcoin UK not just gambling - but also with giftcards and at some vendors - but that's a whole different article!
Pros at Betting at UK Bitcoin Betting Sites & Casinos
Whether you’re completely new to using Bitcoin or you’ve used them before, one thing is for sure – Bitcoin is allowing us to buy things easily online and is also creating investment opportunities for those who believe the price will only increase – a lot!This is why betting with Bitcoins is slowly becoming more popular in the UK. For a start – it’s virtually anonymous. Using Bitcoins at UK Casino and Gambling Sites is also fun because it’s different and this is why one of the reasons Bitcoin gambling is becoming huge.
Also, look at it this way when it comes to value. Suppose that you deposit and withdraw your winnings you made at an online casino totally in Bitcoin. You won a nice sum and that sum is sitting nicely in your BTC Wallet. The next month, the price of Bitcoin could have increased and your winnings are now worth even more! That can truly happen, but with any stocks, share and trading markets – the price can either go up, or it can go down. So make sure you bear this mind.
Another perk with Bitcoin betting in the UK is that you can usually get better bonuses and even play games with a better house edge because Bitcoin gambling sites will have lower overheard thanks to Bitcoins. Remember what we said? Yep - there are no processing fees for the merchant.
Little did you know that gambling sites have to pay sometimes up to 20% transaction fees of what you deposit via Visa, MasterCard, Skrill and the rest. In large amounts, it can get quite expensive for gambling sites and only east into margins. .So Bitcoins actually helps create better bonuses and promotions too; which is only a good thing!
If you are new to Bitcoin on any level, then we always recommend that you do your research first. There are plenty of Bitcoin guides out there which are rich in information and tips to help you get started. Just spend a little time getting to grips with this whole new way of banking first.
UK law states that to allow bets from players in the United Kingdom, a gambling site must hold a valid UK Gambling Commission issued license. AllGamblingSites.com will only recommend Bitcoin betting sites which hold such licenses as we value safety and honestly when it comes to gambling online.
Because of the grey areas surrounding Bitcoin, the fact that it’s new and largely unknown to the regular player and that fact that Bitcoin is not as tied to any law or jurisdiction has made betting sites accepting Bitcoins in the UK a little slower on the uptake.
We could recommend betting sites which will accept your registration and also Bitcoins which aren’t licensed by the UKGC – but we don’t really want to do that. We’re serious about the quality of sites we recommend and will steer well clear of any sites which we deem a little on the dodgy side or in a grey area when it comes to the law.
With that said, below you will find some recommended Bitcoin betting sites in the UK which are licensed by the UK Gambling Commission. All accept Bitcoins, all offer some interesting Bitcoin casino or betting bonuses and all are legit and trusted.
Make sure you check back to this page as the Bitcoin gambling market in the UK is growing and will mature in time so we are always adding new Bitcoin casinos in the UK when we find a good one.
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