When you decide to withdraw your Bitcoin to another currency, all you have to do is send your Bitcoin to the Marketplace address. You must be able to sell your Bitcoin and request a bank transfer to transfer Bitcoins to you. However, we recommend you to create a Bitcoin wallet where you can withdraw your money directly without any middlemen. Just like your PayPal account, you can password protect your Bitcoin wallet. Please be aware that the value of Bitcoin fluctuates quite dramatically.
The Benefits Of Bitcoin When Playing Online Casinos
One of the reasons why Bitcoin Casino has taken such a large market share as a form of payment for online casinos is that its use has many benefits over other payment methods.
First of all, the payment process is completely safe, easy and free of charge. Many of the reputable online casinos you can find at CasinoTop10 offer the opportunity to deposit securely using Bitcoins. When playing Bitcoins online casinos, players do not have to pay transaction costs, unlike, for example, bank transfers or credit card payments, where banks and payment agents charge transaction fees.
Another benefit of using Bitcoin is its anonymity. In other words, you don’t have to worry about your spouse finding out if you play casually at casinos. Bitcoin casinos do require you to deposit your email address in case you forget your password. Most Bitcoin casinos do not require you to provide your name or other personal information.
Games at Bitcoin Casinos
Bitcoin casino games are not much different from the casino games offered. Whether you are a fan of slot machines, video poker or table games, you will definitely find the game you want at Bitcoin casinos. Bitcoin casinos offer an even more modern gaming experience than traditional online casinos.
- Bitcoin casinos in a nutshell
- No transaction costs.
- Completely anonymous payment instrument
- The value varies greatly
- A modern means of payment whose value is not pegged and not regulated by any central bank.
How Is The Value Of Bitcoin Determined?
The value of Bitcoin is determined by the normal law of supply and demand. More bitcoins can be created by mining. We will not write more about mining in this article, but you can read more about it online. The final amount of Bitcoin is also limited to 21 million. So far, that amount has not yet been reached. At the time of writing, some 17 million Bitcoins have been mined. It is thus a limited commodity which is only available in a limited number on the market. As with any limited commodity, its value is determined by its supply and demand.
Like gold, for example. There is a limited amount of gold in the world. Because of that, we are willing to pay very much per ounce for that. The interesting thing about Bitcoin’s valuation is that its value cannot be influenced by any state. In other words, the value of Bitcoin cannot be shaken by the governments of any country because it is not regulated by any central bank. History knows of countless currencies whose value has collapsed due to bad government.