Bitcoin Is Here To Stay – A Guide To This Emerging New Money Platform
What exactly is Bitcoin? Bitcoin is an emerging digital money platform that is not based on any currency. This provides the instant advantage on not having to rely on traditional banks, thus enabling users to conduct transactions within in minutes. This is especially useful for online casinos members who are otherwise restrict iced by their governments from making deposits. Bitcoin can work around these restrictions by allowing them to make deposits without the usage of banks, and even more impressively, receive their hard earned winnings within mere minutes.
It can take under a half hour to purchase Bitcoins. Due to the special encryption that make up this digital currency, Bitcoin users will have to decide upon and use a Bitcoin wallet. The advantage of a Bitcoin wallet is not only can you store your Bitcoins, but you can setup and handle several Bitcoin accounts with only one wallet. If you are ready to purchase Bitcoins, you can used debit and credit cards. Even more impressive, is the lack of needing identification for doing so. Because Bitcoin users will use their email addresses primarily, all these transactions will be handled through private email, therefore it is a necessity to always maintain a working email account when dealing with Bitcoin. Other ways to purchase Bitcoins include regulated exchanges, the Bitcoin ATM, and even directly from other Bitcoin users.