Bitcoin Casinos for United States Players
Since 2006 and US Government’s Unlawful Internet Gambling Enforcement Act (UIGEA) the hardest part of playing casino games online in a real money mode for US players was to send deposit over to their favorite Casino and make a withdrawal from it.
There was a time where players could use their credit or debit cards as a simple way to fund their online casino account, but the banks started to block those payments. Some casinos tried to work around that block by coding deposits into their casino sites not as gambling sites but as general retail purchase. That was risky and illegal practice that only the shadiest of online casinos tend to do and players didn’t want to risk their money in that suspicious casinos.
Afterwards came an era of online e-wallets that allowed USA players to make safe and secure deposits and withdrawals in online casinos. However the US Government soon got wise to these online web wallets and started to seize the financial assets of them and get them closed down.
Then the solution has been found! Bitcoin has solved the problem! All USA bitcoin casinos could provide their respective players with anonymous and safe method for fast deposits and withdrawals. Once the player who is planning to play slots for real money online agree to a USD / BTC rate, the casino deposit goes through quickly, easily, efficiently, and anonymously. To make it more interesting, US casino players do not have to pay a large commission when they use the Bitcoin services, they can immediately transfer funds from their Bitcoin Wallet account to the gambling sites they want without being controlled by any central authority. Last but not the least, US players, who use Bitcoins to deposit and withdraw from online casinos, are not restricted in terms of amount, giving them the freedom to play as much as they want.
Top Bitcoin USA Casinos
Although some of the best bitcoin casinos USA accept major credit and debit cards from players from the United States, many people have not felt comfortable making a deposit and withdrawal at USA credit card and American Express casinos.
That’s why there are many of Bitcoin-only casinos available. They provide fast, secure and anonymous payments with possibility for playing, and eventually winning, large amounts.
For new players to the bitcoin gaming industry, finding the best bitcoin casino can be rather difficult. There are plenty of options to choose from and they may not be familiar with what exactly they should be looking for. When looking for a best bitcoin casino, players should look at game selection, bonuses, promotional offers and banking options.
With many USA casinos that accept payments in Bitcoin, there are few who stick out. Some of them provide extra fast payouts, some amazing bonuses and other have all that together. Here is a list of best bitcoin casinos USA:
- • BitStarz
- • Ignition
- • Bovada
- • Oshi!
- • Cloudbet Casino
- • mBit Casino
- • Island Casino Online
- • Gossip Slots USA
- • Slots.lv
- • Sloto'Cash Casino
- • Uptown Aces US Casino
Rise of Bitcoin Casinos
Since its origin in 2007, Bitcoin has been trough amazing journey. From dark days when it was labeled as a tool for laundering money it has risen like Phoenix and became one of most popular and viable currency with enormous potential. No wonder that lots of online casinos are starting to use it as preferred payment method. Take a look at the Google Trends graph showing increase in popularity of the term “bitcoin casinos” overtime.
Currently Bitcoin makes its presence felt more strongly and the newly found market reaches its stage of maturity with the advancements of technology. This was purely predictable because Bitcoin seems to be perfect for the industry, particularly due to its benefit to the gambling operators on the web.
There are few factors that are driving the popularity of Bitcoin casinos; one of them is that Bitcoin itself has a constant growth in value. So players can deposit small amount at Bitcoin casino, wager it and win and they will make a second profit with rise of value of Bitcoin when they cashout. Another reason is that more regular people are signing up to Bitcoin, which is bringing more potential Bitcoin players to the market that is constantly growing.
Benefits of Using Bitcoins in GamblingThe most famous cryptocurrency definitely changed the world of online gambling. Check out the main advantages of using bitcoin currency in online casinos & gambling websites.
- • Fast (Instant) Withdrawals – withdrawals via bitcoins are usually faster compared to the standard e-wallets or bank transfers. Most of the casinos offer instant withdrawals via btc, while some of them require manual approval which can take a few extra hours.
- • No (or very small) Fees – fees associated with bitcoins are zero or extra small. Compared to credit card fees or some e-wallets, it’s a definitely a big plus.
- • Worldwide Acceptance – bitcoins are accepted worldwide. While some online casino restricts certain countries, generally speaking bitcoin casinos are open for business worldwide including USA.
- • Fair Game – provably fair concept in gambling came up with the bitcoins. Check out the in-depth explanation bellow.
Provably Fair Concept
Have you ever wondered what is happening behind the scene when you hit the spin button? Ever doubted that casino software is cheating on you, when your 20 is magically beaten by dealers 21?! Well one thing is certain; you are not the only one! Since the first online casino launch in the middle of 90’s, players have questioned the fairness of the online casino games and slot machines.
The reality is that casinos simple don’t have to cheat. Odds are on their side, and cheating would put them into high risk of being caught and kicked out of the business. Apart from that, today’s gambling regulations are tough and third-party companies are monitoring the RTPs (Return to Player Percentage) and fair-play. Nevertheless, with the invention of bitcoin casinos the new concept appeared which completely ruled out any kind of suspicion. It is called Provable Fair concept based on mathematical concept used in cryptography.
To understand the provably fair concept you need to understand hashing function and hash. Simple speaking, hash function represent or “convert” the data of any size to data of fixed size. For example, SHA256 hash function returns a 64-character string in hexadecimal for any kind of input. Check out the samples bellow:
Examples: hashes for two different inputs (1st input – slot player ; 2nd input – slot players)
Slot player --- SHA256 --- 2736cd24e380138648fc4f986bfaed4240b0d8a58e304d56e2859d22317024a2
Slot players --- SHA256 ---cc3bf245a7da1306e984eb973f0910bac912113463d5fcc9215cb03eb9752127
Practically speaking SHA256 hash is like a signature for any kind of data. You can see that even a small change in data (s added) completely change the hash. So, where is the connection between online casinos and hashing algorithm? We will get to that shortly.
Sample of Provably Fair Blackjack Game
To better demonstrate this concept, we will show you how it works for the online Blackjack game sample. The very similar principle is behind the other casino games.
1. Cards are being shuffled. It’s called an initial-deck and casino gives you summary of the initial deck in the form of SHA256 HASH.
2. Now the player shuffles through the player-seed. Player-seed is generated as a random string from the player’s browser. (Some casinos allow players to change the player-seed with any kind of string – for example your lucky number or favorite name)
3. Player hit the deal button and final-deck is generated based on the player-seed.
4. When the game is finished, casino reveals you initial deck, dealer seed and final deck.
5. It’s time to verify the fairness of the game. Take the initial deck & player seed and make sure they match to SHA hash. (This proves that casino didn’t change the deck after they showed you the SHA256 HASH). Then shuffle the deck with your player-seed and the result should be final-deck.
In short, casino is giving you “fingerprints” of the cards before the final results. That way, you are 100% sure that casino didn’t influence the game in any way. The smallest change to deck would result in completely different hash.
Bitcoin Essentials, History & FAQ
You’ve heard of Bitcoin? In a coffee-shop, on the street, while waiting for the buss? You know the word… But what is Bitcoin exactly? Well….
Bitcoin is a form of digital currency, created and held electronically.
The other big, or even main, difference is that no one controls it. Bitcoins aren’t printed, like dollars, pounds or euros – they’re produced by people, or better yet to say, computers, and, ever so increasingly, businesses – running computers – computer networks all around the world.
Computers use processing powerand software to solve mathematical problems– actually processing, verifying and storing the information regarding Bitcoin transactions all over the world.
It’s the first example of a growing category of, ‘new’, money known as cryptocurrency.
What makes Bitcoin different from “normal” currencies?
Most important characteristic and the thing that makes Bitcoins so much different to conventional money is there is in fact no centralized controlling mechanism. There is no man, institution or ‘centralized software’ controlling the Bitcoin network and value. This puts a lot of people at ease because it essentially means that a large bank can’t control their money.
Who created it?
A software developer or a group of developers called ‘Satoshi Nakamoto’ proposed Bitcoin and imagined it as an electronic payment system based on mathematical proof. The main idea was to produce a currency that would be independent of any central authority, transferable electronically and instantly with very low transaction fees.
Who prints it?
No one does!
This currency isn’t physically printed ‘in the shadows’ by central bank / banks, unaccountable to the general population, and making its own set of rules…… Those banks have an ’interesting option’ (& use it, of course) to simply produce & print more money to cover the national debt, thus devaluing the currency further..
Instead, Bitcoin is created digitally, by a community of people, community anyone can join. Bitcoins are ‘mined’ by people worldwide, using computing power in a distributed network. This network also processes all transactions made with the virtual currency, effectively making Bitcoin its own payment network, as well as making it decentralized…
What is stopping people from producing more Bitcoins – devaluing the value of Bitcoins?
The Bitcoin protocol does!
The rule that make bitcoin work say: ‘Only 21 million bitcoins can ever be created by miners.’ However, coins can be divided into smaller parts (the smallest amount is one hundred millionth of a Bitcoin and is called a ‘Satoshi’, after the founder(s) of Bitcoin).
What is Bitcoin based on?
Conventional currencies have been based on the value of gold or silver.
In theory, you knew that handing over a dollar at the bank would get you certain and set amount of gold or silver in return…
Although, in practice, this didn’t actually work like that at all.
Bitcoin, on the other hand, isn’t based on gold; it’s based on mathematics.
People are using software programs that follow a mathematical formula to produce Bitcoins. The mathematical formula is freely available, so that anyone who wants can check it. The software is open source as well, meaning that anyone who wants can look at it and make sure that it does what it is supposed to and what creator(s) say it does.
What are its characteristics?
Bitcoin has several important features that set it apart from government-backed currencies.
1. It's decentralized
The bitcoin network isn’t controlled by any one central authority.
Every machine that mines bitcoins and processes transactions makes up a part of the network. Combine that with the fact that all the machines work together and you can see that the whole concept of decentralized currency is actually true and it works. That means that, in theory, one central authority can’t tinker with monetary policy, influence the currency and if some part of the network goes offline for some reason, the money keeps on flowing without any problems.
2. It's easy to set up
Conventional banks make you jump through hoops simply to open a bank account.
Setting up merchant accounts for payment is a whole another gigantic bureaucratictask. However, you can set up a bitcoin address in seconds, no fees and no questions asked.
3. It's anonymous
Well, kind of. Users can hold multiple bitcoin addresses and they aren’t linked to names, addresses, or other personally identifying information, making them anonymous. However…
4. It's completely transparent
…bitcoin does store details of every transaction. Every transaction that ever happened is stored in the network in a huge version of a general ledger, called the blockchain.
The blockchain tells all. Every single transaction ever made, starting from the very first one.
If you have a publicly used bitcoin address, anyone can tell how many bitcoins are stored at that address. The anonymous part is they just don’t know that it’s yours. There are measures that people can take to make their activities on the bitcoin network even harder to track, though…Measures like not using the same bitcoin addresses consistently and not transferring lots of bitcoin to a single address.
5. Transaction fees are miniscule
Your bank may charge ridiculously high fees for international transfers. Bitcoin doesn’t.
6. It’s fast
You can send money anywhere and it will arrive minutes later, or to be more precise, it will arrive as soon as the bitcoin network processes the payment.
7. It’s non-repudiable
When your bitcoins are sent, there’s no getting them back, unless the recipient returns them to you. They’re gone forever. Bitcoin does, however, take steps to prevent abuse of this…