The original concept behind bitcoin was to create a decentralised currency that allowed an individual to make peer-to-peer payments without the need for an intermediary (e.g. bank, credit card operator or e-wallet platform) to get involved.
For many, this is seen as a wonderful opportunity to retain anonymity and maintain autonomy without reliance on financial institutions.
As of 2018, there were more than 22 million bitcoin wallets set up around the globe, with in excess of five million “active” bitcoin users.
Of course, the flipside is that some people simply can’t trust something that they can’t see or touch. For them, the digital revolution is still some way off.
However, bitcoin and other cryptocurrencies are set to become part and parcel of daily life, and you can trust brands like us with your hard-earned currencies. That much is evident from our experiences and accreditations.
In the beginning
When an exciting and new piece of technology comes along, there is something of a “gold rush” to take advantage.
However, bitcoin isn’t just some overnight whim for the team here at Bitcasino – we’ve been established as the premier bitcoin and crypto casino since way back in 2014.
In those days, each bitcoin was worth around $500 (they’re now up over $3,500 after once touching $19,000), and we survived the Mt. Gox disaster to thrive in an increasingly competitive industry.
Can you trust bitcoin?
The beauty of bitcoin transactions is that they are completely transparent. However, that’s not to say they aren’t well documented too.
Every transaction involving a BTC payment is recorded in the blockchain, and it also needs three confirmations to go through from the wallet provider, a miner and from the blockchain itself.
These are generally confirmed in quick time, meaning that we can ensure lightning-fast deposits and withdrawals.
You cannot physically see where payments have originated from or any personal data either, so paying for something via bitcoin protects your online security in a way that other payment systems cannot.
Therefore, bitcoin casino gaming is quick, easy and fully secure – what’s not to love?!
Licensed to thrill
If you would like further peace of mind about how we at Bitcasino go about our business, we can offer it you in spades.
To operate in the online casino space, you need to get a licence from an approved regulator, and at Bitcasino, we are approved by the Government of Curaçao, one of the oldest and most widely recognised “eGaming” regulators in the business.
If a bitcoin casino displays the Curaçao licence on their site, it means they have passed a rigorous initial examination into their processes, and continue to be audited and monitored by the authority.
In short, this ensures that complete compliance is maintained – and offers gamers complete peace of mind that Bitcasino is legally required to adhere to the strictest standards of quality.
Approved by the industry
Of course, it would be easy for us to blow our own trumpet, but happily you don’t need to just take our word for how reliable we are here at Bitcasino.
We have secured high ratings with a number of independent review sites, not least AskGamblers – arguably the leading authority on the online casino space.
AskGamblers has awarded us with its much-revered Certificate of Trust, a guarantee of quality and a sign of confidence that we are going about our business in the best possible way.
The key to the Certificate of Trust is that it is only handed out to brands that have delivered repeated exceptional customer service – going above and beyond to ensure that any disputes are dealt with promptly and effectively.
AskGamblers has been named the “world’s best casino website” at the iGaming Business Awards in the past, and has featured in several international publications. It has recovered an astonishing $16m for its customers from rogue casinos, and the firm is widely recognised as the leading impartial moderator of the industry worldwide.
As such, you can forgive us for being rather proud of the fact that we are one of the few bitcoin casinos to be fully approved by AskGamblers!
No matter what industry you work in, there’s nothing quite like gaining the credit of your peers, so we are delighted to be a three-time nominee at the EGR Awards, which are kind of like the Oscars for the online gaming world.
The object of the EGR Awards is to “reward B2C operators for setting the standard in categories ranging from customer service to social responsibility, with awards across all verticals”.
In short, only the cream of the crop are nominated for an EGR award.
At Bitcasino, we must be doing something right, because we’ve been shortlisted for a trio of different prizes through the years.
Back in 2016, we were nominated in the “Rising Star” category, which has been won by such luminaries in the online gambling industry as Colossus Bets, among many others.
The following year, we were recognised in the “Slots Operator of the Year” category, which was recognition for our “operational excellence, consumer focus and strong growth over the past year”.
In 2018, we were nominated for an award that is really close to our heart. The EGR Awards recognised our determination to be the best by nominating us in their “Innovation in Casino” category, which was a real feather in our cap.
To be recognised on three separate occasions for our mission of providing an exceptional gaming experience that goes beyond the norm is something that we at Bitcasino are particularly proud of.
Powered by Coingaming
Here at Bitcasino, we are delighted to fall under the banner of Coingaming.io.
These guys provide the software that powers the site, and they deliver big time on their promise to “offer a fun, fast and fair gaming experience”.
Coingaming provides the backing for many of the leading bitcoin and crypto casinos online, and it is able to offer a huge range of slots, table games and much more.
Whether you’re a fan of online blackjack, roulette, baccarat, poker or anything else for that matter, you will find it at Bitcasino courtesy of Coingaming.
Coingaming has helped us to develop our live dealer offering, where you can place your bets on a wide variety of games in live working casinos, without the need to leave the comfort of the sofa.
Today, Bitcasino offers a library of more than 1,000 casino games, and for further peace of mind, these include titles sourced from the industry’s premier software developers, including NetEnt, Microgaming, Betsoft, Evolution Gaming and more.
The Bitcoin Foundation
At Bitcasino, we truly believe in the transformative power of bitcoin. It’s a currency that is here to stay, and one that will continue to change the way that we all pay for goods and services in the future.
Indeed, we are such believers in it that we are a silver member of the Bitcoin Foundation.
This is an organisation that coordinates the efforts of the bitcoin community while promoting awareness of the currency and its benefits to individuals and businesses.
There are many different stakeholders in bitcoin, and unlike many currencies and financial institutions, there is no governing power that is solely responsible for it.
The Bitcoin Foundation is simply a conduit that helps to build communication and bring together bitcoin owners, aiding cooperation, and helping to develop the currency as a strong alternative to “fiat”.
We are delighted to be on board with the foundation, and are excited by the brave new world that bitcoin will help to facilitate.
Reliable casino gaming? You got it!
Hopefully after reading this article, you agree that the future of bitcoin casino gaming is an exciting one.
Some sections of society may be naturally distrustful of a currency that has no physical identity,and that is understandable.
However, bitcoin does have a paper trail that ensures that transactions are completed effectively and safely while keeping your personal details secure and hidden from prying eyes – an unfortunate side effect of using other forms of online payment.
At Bitcasino, we know that you want a high-quality casino gaming experience, and we also know that you want to feel confident that your bitcoin wallet is completely safe.
Hopefully, some of the items we have discussed in this article – from our nominations at the EGR Awards to the Certificate of Trust we have been presented with by AskGamblers – will go a long way to giving you complete peace of mind.
Remember, we are fully licensed to operate within online casino gaming, and our services are continuously monitored by a variety of organisations. With five years under our belts and counting, we are clearly doing something right!
You can try your hand at a range of our games without parting with any of your BTC or ETH – simply load up our titles in “free play” mode.
Once happy, you can register for a new player account at Bitcasino. We’re confident that you will enjoy an exceptional gaming experience with us!
Words: Sean McNulty
Images: Shutterstock and Bitcasino