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Gambling 05 Jun 2017

FortuneJack Beginners Guide: Bitcoin Gambling

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Home Gambling FortuneJack Beginners Guide: Bitcoin Gambling
Litecoin, altcoin, dogecoin, cryptocurrencies…if you’re new to the world of bitcoin and what it’s like to gamble with it online, we’re here to help you get started.

The Rise of Bitcoin Gambling

In 2010, the first real world transaction of bitcoins took place when a programmer in Florida paid 10 000 bitcoins to have two pizzas delivered to his home. Since then the number of merchants that accept bitcoin as a payment method has grown and today you can use bitcoin for real world transactions in virtually every country.

One sector that adopted bitcoin use early on was the gambling industry, and many casinos started enabling bitcoin transactions long before it had become widely accepted in mainstream culture. They saw value in the fact that it is virtually anonymous, decentralised and not bound by many of the strict regulations that traditional currencies are. With the value of bitcoin increasing and more casinos offering cryptocurrency incentives and bonuses, the industry is growing at a rapid pace.

Now you can use bitcoin to play your favourite online casino games, including:
  • Satoshi dice
  • Blackjack
  • Poker
  • Roulette
  • Slots
  • Keno
  • Live dealer games

New to bitcoin gambling?
Try Dice, BlackJack, Fortune Wheel and Fortune Slot, as they are not from a third party and are exclusively by FortuneJack for FortuneJack bettors only.

Benefits of Bitcoin Gambling

Anonymity: This appeals to the large percentage of online gamblers who prefer to keep their sensitive personal information and banking details private, as bitcoin gambling doesn’t require these details to be shared.

Flexibility: Without a central controlling authority, bitcoin can easily be transferred between peers, and there is no limit to the amount as there would be with a traditional credit card or bank.

Low fees: Transactions, deposits and withdrawals are not handled by a third-party processor, which means fees are minimal when playing at an online casino.

Accessibility: Thanks to bitcoin gambling, players can now enjoy betting on websites that would otherwise be inaccessible to them when using their regular currency.

Safety: There is no chance of counterfeiting or theft in the cryptocurrency world as there is with credit cards and cash, and casinos use strict safety protocols to ensure player security when gambling online with bitcoin

Types of Gamblers Suited to Bitcoin Gambling:

Beginner and experienced gamblers: Whether you're a new gambler still discovering your favourite games or a seasoned online gambler with loads of experience, making the move from traditional currencies to bitcoin gambling is simple!

Tech savvy bettors: If you're a gambler with an understanding of cryptocurrency looking for new challenges and games, bitcoin casinos offer a whole world of variety, exciting new bonuses and the ability to increase your bitcoin balance.

Security conscious gamblers: If security and the protection of your sensitive data is a primary concern when gambling online, you'll be impressed by the level of anonymity that bitcoin gambling offers, and each casino offers an additional layer of protection too.

Anyone interested in fair play: Worried that computer algorithms could never provide the same level of fairness as a human dealer? Credible bitcoin casinos completely eliminate this worry by using provably fair technology, which ensures games are randomised and fair by involving both the casino and the player in the equation.

Impatient gamblers: With low fees and instant transactions, bitcoins are the ideal currency to work with if you’ r re looking for fast withdrawals and no-fuss transactions.

Choosing a Bitcoin Wallet

Bitcoin wallets perform a similar function to services like PayPal and Skrill in that they facilitate spending and receiving money, and implement features to ensure safe transactions. There are many different types of bitcoin wallets you can use, and all have different pros and cons. For example, you can download a bitcoin wallet onto your desktop which isn’t connected to the internet, or you can use one that has cloud-based functions. Find out more about the top wallets in this list.

Once you've got an established bitcoin wallet and have funded it, you can successfully start transacting with your casino of choice by making your first deposit.

Getting Started on FortuneJack

How to make a bitcoin deposit:

After you have created your Bitcoin Exchange Wallet
1. Log in to your account
2. Go to your account by clicking "MY ACCOUNT" at the upper right-hand side of the page
3. Click on “DEPOSIT”, which will pull out all available currencies along with corresponding unique wallet addresses
4. Copy the wallet address next to the currency you want to play with and use it on your exchange wallet site account to send the desired amount of funds

How to withdraw bitcoins on FortuneJack:
1. Log in to your account
2. Click on "MY ACCOUNT" at the top right-hand side of the page
4. Enter your personal wallet ID in the corresponding currency box
5. Click "WITHDRAW"

How fast are bitcoin withdrawals?
Withdrawals from FortuneJack are instant. In some instances, there may be a delay as security checks are performed on withdrawals. Start Betting Bitcoin

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