Bitcoin Bingo Sites & How to Get Started
You would have probably have heard about Bitcoin but perhaps you haven’t be directly acquainted with it. As time goes on, more and more people are not only hearing and reading about this Crypto Currency, they are also starting to use it.
As more and more people become aware of it, there has naturally been wider media interest and coverage. No longer are people sceptical about the currency, which have helped the fact that it has become more mainstream to use it.
When it comes to online gambling, it has become quite popular. Over the past couple of years there has been a huge increase in gambling sites that accept Bitcoin (and other Crypto currency variants) and most recently – Bitcoin bingo sites.
Many new casino sites started to accept Bitcoins last year, but now a few Bingo sites have followed suit, so these days it’s much easier to find bitcoin gambling sites, no matter if you want to play bingo or slots!
What is Bitcoin?
So let’s just say that you haven’t heard of Bitcoin or you are not sure how to go about obtaining them. In short, Bitcoin is a “cryptocurrency” which actually was created by an anonymous person.
A cryptocurrency means that it is completely decentralised. There is no bank overseeing the value of the currency. The value of the currency is in the hands of the buyers and sellers only. This is why you will often see wild fluctuations in the value of bitcoin, and why you are always likely to see these wild fluctuations.
On this page, we really don’t want to be going into too much depth on the technical stuff behind bitcoin; it can be somewhat complicated however we do want to point out that it is ‘made’ by people mining it. This basically means that a ton of computers are solving mathematical problems. The more bitcoin that is mined, the harder these mathematical problems get. This is another reason as to why the value of bitcoin has been so high as of late. Less of it is being produced, mostly because the problems are taking longer to solve and more cost (electricity that it takes to mine).
What’s more, and it’s quite an interesting point, is that there is also a cap on the amount of bitcoin that can ever be generated, but with an extension of the system in the past year or so, we will not be hitting that cap any time soon.
What are the advantages of using Bitcoins at Bingo Sites?
One of the main (and probably the most obvious) advantages of using bitcoin to deposit at online bingo sites is that it comes with anonymity. It is a bit tougher to have this anonymity when gambling online, mostly due to a ton of rules and regulations in place related to gambling, but if you have received bitcoin for other purposes, then it is always great that you can spend it on some bingo and online casinos if you wish!
Top Bingo Sites UK
Below are some of the best rated Bingo sites in the UK. We have reviewed every single one of them and they are all offering a ton of casino games, plenty of online bingo games/rooms plus some amazing offers and bingo bonuses to help get you started.
Most of them accept Bitcoin deposits when you use 3rd party payment processors including Skrill. Why not have a look and see if you there's a brand new biongo site perfect for you?
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