All You Need To Know About Bitcoins

If you want to know more about Bitcoin’s incredible benefits, then it is a must to know the basic facts about this digital currency. Hence, what is Bitcoin? Simply put, Bitcoin is a decentralized digital currency that is traded or exchanged online. You can use it just like real money like the U.S. Dollar or the British Pound to purchase goods or services. However, what makes this virtual currency unique is the fact that it has no central authority, and it’s powered by its own users.

Unlike most digital and physical currencies, Bitcoin is completely anonymous. It has no serial number, and its network never collects any personal information. This anonymous characteristic of Bitcoin is the reason why it’s very popular among privacy-concerned individuals around the world. Also, because it has no central authority like the Federal Reserve or central banks, no single person has the authority to control or manipulate the Bitcoin network, except the software development team who works on improving the software. Advantages such as having no central authority, complete anonymity, and rising popularity completely define the essence of what is Bitcoin.

What’s so special about this digital currency?

Bitcoin is a peer-to-peer, decentralized digital currency which allows you to do anonymous financial transactions, and no one will come to know about the payment or about all the other details related to the payment, including who sent it or who received it. Unlike other online payment gateways, with Bitcoin, you don’t need to provide any of your personal details. In a nutshell, users can do money-related transactions, and no authority will come to know about it or manipulate it.

Advantages of the Bitcoin currency

-There is payment freedom. With the Bitcoin currency in existence, it is possible to send and receive any amount of money instantly anywhere in the world at any time. There are no holidays, restrictions, or even imposed limits.
-There are very low transaction fees. Unlike other online payment services, Bitcoin payments are currently processed with either no fees or extremely low fees. However, users may include transaction fees to receive priority processing, which results in faster processing of transactions by the network.
-There is security and control. Bitcoin users are in full control of their financial transactions. Also, Bitcoin payments can be made without personal details tied to the transaction. The currency’s anonymity offers strong protection against identity theft. Additionally, users can also protect their Bitcoins with backup and encryption.

How to Buy Bitcoins For Gambling

When you gamble using Bitcoins, there will be times when you will run out of Bitcoins to wager. To stop this from happening, it is advisable you buy Bitcoins right away to avoid delays in your gambling time so that you will not miss on any lucrative opportunity we have in store for you like the chance to play dice with Bitcoin or to try out one of the greatest dice casino games in the market today.

However, before you can bet on Satoshi Dice or any other gambling platform that you choose, you are required to have an active wallet address because this will serve as your medium whenever you transact using Bitcoins. There are lots of websites that offer Bitcoin wallets for free, so you better check these sites to get your personal digital wallet. But be sure to check out the prices because the bitcoin value keeps changing every now and then.

Once you have your own Bitcoin wallet, the next thing you must do is find a Bitcoin exchange to buy Bitcoins. BitQuick, Coinbase, and Intersango are the three of the most popular Bitcoin exchange sites that cater to various currencies worldwide. As soon as you have found your preferred trading market, then you should be able to purchase your next supply of BTC with total ease. However, if you are new to buying Bitcoins, just follow these quick and simple steps, and you will be having your Bitcoins in no time:

-To buy Bitcoins, you must first create an account with your chosen Bitcoin exchange site. This will give you a secure place to store your Bitcoins and easy payment methods to convert your local currency into or out of BTC.
-After signing up for an account, connect your bank account to it. Some Bitcoin exchange sites will require you to complete the verification steps before you can use the account. Once you are done with the verification process, you can start a purchase.
-In the Buy/Sell section of the page, enter the amount of Bitcoins that you wish to buy. Most trading markets show the current exchange rate, so you will have an idea on how much you will get before you purchase your Bitcoins.
-Take note of the number of days specified by the Bitcoin exchange site. Note that the Bitcoins you bought will take some time before they will be credited on your account.

Remember that when you buy Bitcoins from an exchange, you are trusting that the operator will not steal your funds, and that their trading market is secure. To this end, it is recommended that you only work with a trustworthy operator to ensure that sufficient resources are available.

Playing Satoshi Dice With Bitcoins

If you decide to take a step forward at SatoshiDice, it is a must to never miss the fun of trying your hand with the simple yet thrilling Bitcoin dice game. The game to provides you an excellent Bitcoin gambling experience like no other. Thence, have a crack at the Satoshi-dice now, and play with Bitcoin!

Once you take a step forward into the game, you will be dazed at how fun, easy, and exciting it is to bet on the smooth and fully-functional Satoshi Dice platform. Bursting with second-to-none features, the dice game will sure bring you tons of fun and excitement that will keep you on the edge of your seat!

What’s even better is that you only have to create an account in order to access and enjoy the full dice game. In fact, you can play this game wherever in the world you may be! Unlike in online casinos that restrict players from certain jurisdictions to play, with Satoshi dice, you can always play the dice casino games to your heart’s content! There are no restrictions!

Another interesting fact that you will love when you play with Satoshi is that you can cash out your winnings within the fastest time possible. Wait no more, as all your winnings will automatically be credited to your Bitcoin wallet in just a blink of an eye! All you need to do is follow this simple routine: place your bets, roll the dice, and watch your bankroll soar up north!

The best part here is that the Satoshi dice game isn’t only fair; it is provably fair! It brings bring you a secure and 100% fair gaming experience that you won’t find elsewhere. It has been provably demonstrated that the results and outcomes of the game aren’t manipulated or controlled in any way whatsoever. Instead of just taking my word for it, you can as well verify the results of each game, and that’s good news for you.

Given all these outstanding qualities, it isn’t surprising to know why many players prefer to play with Bitcoin in many gambling sites. With fairness, security, and instant payouts guaranteed, you are sure to have a premium Bitcoin gambling experience.

Here is a demonstration of Satoshi dice, hope you love it.