The main advantage of BTC is a complete anonymity that it provides. All transactions are made directly. The recipient can only see the sender’s wallet number. The wallet number is generated randomly. To create a cryptocurrency account, you don’t need to fill out any registration forms or submit your passport data.
Bitcoin's anonymity is what attracts gambling enthusiasts. Using crypto currency allows users to stay anonymous and complete transactions without commissions. Besides, you can avoid problems with the law because in some countries the tax office may be interested in where the money came from in a particular account. Today, you can pay via your BTC wallet at any Australian online casino.
What is Bitcoin and how to use it?
Bitcoin is a digital currency. The first BTCs were mined by machines using mathematical calculations. BTC mining was carried out even on an industrial scale. At the same time, many craftsmen assembled specialized mining farms to mine BTCs at home.
The digital currency is not tied to the dollar, euro, gold, platinum, and any other currencies or valuable metals. BTC rate is predetermined on a special exchange where you can sell or buy BTC.
To start using bitcoin, you need to create an electronic wallet. Upon registration, you’ll get automatically generated address and password. These data must be saved. For transactions, you’ll only be needing the address.
Funding your casino account with BTC is very simple.
- Choose Bitcoin as your payment system.
- Indicate your deposit amount.
- Transfer the deposit amount to the casino’s address.
- Submit your address for verification, so that administrators can verify that the payment has passed.
- Bitcoins can either be mined or bought at exchanges. Also, you can buy BTC through any online exchanger.
Cryptocurrency slot machines
Australian online casinos have a wide selection of slot machines that accept Bitcoins. BTC slot machines have a number of significant advantages. Since all BTC games are new and were released recently, they have a secure and fair random number generator. Plus, because of the high competition, crypto casino games have low volatility levels and high RTP rates (95% and more).
On top of that, crypto slot machines have the following advantages.
- They always have risk games and free spins.
- They offer you an opportunity to win a progressive jackpot.
- They boast superb functionality and graphics.
- They accept a wide range of bets which is convenient for both beginners and high rollers with fat bankrolls.
Blackjack is a super popular card game among casino fans. At Australian online casinos, you can even play live blackjack with real life dealers or other users. Nowadays, when crypto casinos are just starting to gain momentum, it’s rather difficult to find a gambling website where you can play online blackjack with BTC. However, if you look really hard, you’re sure to find a good BTC casino with a stunning choice of blackjack variations!
In terms of popularity, roulette is second to slot machines only. Nowadays, you can play roulette with bitcoins and other crypto coins. A distinctive feature of crypto roulette games is that they accept a wide range of bets.
In standard roulette, the existing betting limits do not allow players to fully benefit from the Martingale system. The BTC roulette, however, is free of this limitation. As a rule, the maximum bet in online roulette is 1 bitcoin, while the minimum bet is one-thousandth of a bitcoin. It is easy to see that in this case using the Martingale system makes good sense. Besides, when playing BTC roulette, high rollers will feel comfortable.
More crypto games at Australian online casinos
Of course, the range of cryptocurrency games is not limited to roulette, slot machines, and blackjack. The best Australian online casinos offer a mind-blowing selection of high-quality casino games that can be played with bitcoins and other crypto currencies. Plus, Australian casinos are known for their high betting odds.
In addition to the casino games described above, Australian online casinos also have the following types of games:
- Video poker;
- Instant lotteries;
- Virtual sport;
- Wheel of Fortune.
To withdraw money from an Australian casino, you need to go to the cashier section and submit your BTC wallet address and withdrawal amount.
With the P2P system, withdrawing bitcoins does not take much time. P2P (peer to peer) means that all financial transactions are carried out without third parties. As soon as the withdrawal is confirmed, the money will be transferred to the player’s account instantly.
Advantages and disadvantages of Bitcoin casinos
There is only one drawback when it comes to Bitcoin casinos, and it’s the instability of the BTC exchange rate. For example, in 2017, 1 bitcoin cost as much as 22,000 US dollars. Today, its exchange rate has fallen to 7,000-9,000 US dollars for 1 BTC. At the same time, some experts predict that by 2025 1 BTC will cost more than 50,000 US dollars.
Because of the high volatility, it’s simply dangerous for a player to store money in cryptocurrency. Plus, the volatility of digital currencies also affects the player’s income.