Create Bitcoin Casino
Opening a Coinbase account. Go to www.coinbase.com and click 'Get Started' 2. Create your account 3. Once you have successfully created your account, you will see the HOME scre. This way, to create bitcoin casino means to get good income, pretty good in fact. Is there a bitcoin casino software? - Of course there is! Many of the large providers have taken up this idea a few years ago and started writing bitcoin casino script. Some have their own bitcoin casino platform. How to Play Casino Games with Bitcoin. When you want to play mobile and online bitcoin casino, the process you will need to follow will be same with the one in the poker site. That means the bitcoin casino site will convert your bitcoin into their base currency and the exchange rate will be boldly displayed in the bank interface on the site.
Online Casino Market journalist talked with Ivan about how to open bitcoin casino and the prospects for evolvement of this direction.
Ivan, please tell us, what bitcoin is, and how does it relate to a casino?
Bitcoin is a decentralized currency that is independent of banks and any other external regulators. The transaction history is publicly available, that is, the algorithm of bitcoin and all actions associated with it are open. Transaction history in the bitcoin system is called 'blockchain'.
Bitcoin is connected to casinos very closely. You can even say that bitcoin is one of the progress engines in this area. A casino is now actively promoting the idea of bitcoin wallets in the masses demonstrating the potential of cryptocurrency. Thus, the first major deal of 126 thousand BTC ($11 million at the exchange rate of that time) took place in the area of gambling. This way, to create bitcoin casino means to get good income, pretty good in fact.
Is there a bitcoin casino software?
Of course there is! Many of the large providers have taken up this idea a few years ago and started writing bitcoin casino script. Some have their own bitcoin casino platform. Microgaming, Amatic, Playtech have been long offering customers the implementation of games to bitcoin establishments. One of these games brought a casino $11 million of income in 2014.
Okay, but it's not a net income. Some of that money were paid to the bank?
Now we've moved on to the most interesting part, which could interest the gambling business owners. You don't share with the bank! There are no commissions in a bitcoin casino. As I have said, bitcoin is independent of the external regulators. Let us make some estimations. Suppose the annual turnover of your casino is $1 million. 2-5% of the commission should be transferred to the payment service, which is about 200 to 500 thousand dollars, and an operator transfers that money to a bank or an electronic wallet. Isn’t it too much?
Are the payment terms the same as with any bitcoin operation?
Here you only benefit. Yes, cashout happens instantaneously. In an online casino in which you pay in national or international currency, payments can drag on for weeks. If there are no questions about the customer, and the system works correctly, cashout is performed during the day, at best.
If it's so simple, it turns out a bitcoin casino is a con paradise?
I totally disagree. Many operators face the fact that the revenue on the system does not converge with the revenue in the financial statement. Instead of $100 thousand, an operator gets only 70 thousand dollars after taxation. Where did those $30 000 go to?
There's a pattern: a casino customer loses a large amount in a game to be charged to a player's account. A client calls the bank and says he has lost the bank card. The amount can be returned to a new account. Of course, it doesn't work with all banking systems, but I've often seen this kind of fraud. This is not the way it’s going to be with a bitcoin casino. If the money comes back, it's only after all the details are clarified. A casino meets its clients halfway: if the blame for losing money is not on a player, an establishment will reimburse everything.
So you're saying bitcoin casinos are safe? What do the regulators think about that?
First of, blockchain is indeed transparent, but anonymous. Even the President of the United States can spin the reels for leisure and not be afraid to divulge his little secret. Speaking of a bank account, there's a risk of information leaking. To create bitcoin casino presupposes to integrate the Provably Fair Technology security system. It provides all levels of protection. A player can personally verify any transaction.
Create Bitcoin Casino No Deposit
Regulators are still ambiguous about the phenomenon of a bitcoin casino. Malta requests that the possibility of bets and cashouts in bitcoin is eliminated. But the Isle of Man's jurisdiction officially stated that it endorsed a bitcoin casino. So if you want to open bitcoin casino, I recommend buying the Isle of Man license. Also, the Provably Fair Technology icon will be placed at your place, which will boost the trust of the players.
What should affiliates do? Affiliative network is the main advertising channel for a casino after all.
Large partner programs have a long-established payment option in bitcoin. Moreover, you can pay your affiliates every day, not once a month, because you get faster with estimations, pay out the winnings more quickly, and, therefore, you can pay webmaster for a client even after a game. What advertiser do you think is of greater appreciation? The one who pays once a month, or the one who can make payments on a daily basis? I think it's a rhetorical question.
How do I get to the market and can I launch a bitcoin casino without investing?
Me and the guys from Softswiss started a bitcoin casino for the customer in 10 days. This is the period from the moment we got the client’s application to the first profit of that bitcoin casino platform. Bitcoin casino software development does not take us long, since we have worked on the casino platform enough already. Unfortunately, investments are essential, it's not going to work out, but all financial inputs are fast to pay back.
Who are bitcoin casino customers?
They are solvent, secured people who love the trill of gamble. Programmers, economists, bitcoin businessmen, for example. There aren’t many of such players, let's consider it a premium segment. They do not bet 2-3 dollars to play, but a few thousand. For the most part, these users are highrollers and play large. The maximum bid at the bitcoin casino, which I know, is 700 BTC. Should I remind you that 1 BTC is currently more than $ 1000?
Even usual online casinos would be happy to make such money. By the way, is it possible to integrate bitcoin into the casino system?
Yes, this option is available. It's just another payment gateway. But keep in mind that payments will also be made in bitcoin. A place to exchange bitcoins or satoshis remains to the choice of a player. By the way, such cashout will spare you the extra commissions.
Bitcoin is the real way for a gambling establishment to earn fair money without interference from banking structures and authorities. There are no barriers or limits between the casino and the player.
Create Bitcoin Casinos
I believe that the bitcoin-casino era will come by 2020, radically changing the gambling.
Our step-by-step video guide will put Bitcoin at your finger-tips!
Intro
BE IN THE KNOW:
- By showing you how to deposit with Bitcoin at Cafe Casino, we’re also showing you how to use it wherever else it’s accepted!
- In just 5 easy steps we’ll show you how to maintain the value of your money as if you’re depositing in USD directly !
THE PERKS OF USING BITCOIN AT CAFE CASINO:
- Like our other payment methods, we do not charge any fees for Bitcoin deposits or withdrawals;
- No more failed credit card attempts! All Bitcoin transactions are 100% guaranteed;
- Get your winnings faster! Once approved, your withdrawal is yours in minutes;
- Of all our exciting bonuses at Cafe, a Bitcoin bonus adds the most to your balance!
WE’LL HELP YOU:
- Create a Bitcoin wallet. This is where you’ll keep your Bitcoin, but also from where you’ll send your Bitcoin to Cafe Casino;
- Create an Exchange account; where you not only buy Bitcoin, but convert those hard-earned withdrawals from Cafe Casino back into USD;
THE ESSENTIALS:
- A debit card. We recommend debit as the quickest and easiest way to buy Bitcoin;
- A Government-issued photo ID. For security purposes, you’ll need to verify your identity during the wallet and exchange signup process;
- A Mobile phone number. SMS text validation may be required by your wallet, exchange and by Cafe Casino for account verification.
DON’T FORGET:
- A new web page will open when creating your wallet and exchange, so bookmark this guide for quick reference;
- While our guide references Bitcoin (BTC), the same steps apply to Bitcoin Cash (BCH), another cryptocurrency accepted at Cafe Casino.
Step 1
Desktop Wallet: BlockchainMobile Wallet: Exodus
BE IN THE KNOW:
- Your wallet is where you’ll keep your Bitcoin and where you’ll make secure transactions;
- Your wallet stores Bitcoin, keeping your Bitcoin safe and your transactions private;
- Wallet creation is completely free! Signing up takes just minutes!
CHOOSE YOUR WALLET!
- There are many wallet providers to choose from, but players like you have helped us to recommed the following:
- ○ For your desktop or tablet, sign up for a Blockchain wallet;
- ○ For your mobile device, download an Exodus wallet.
DON’T FORGET:
- A new web page will open to create your wallet, so bookmark or save this guide for quick reference.
Step 2
Visit CryptoVantage to find an Exchange that's right for you.
BE IN THE KNOW:
- Exchange account creation is completely free! Sign up takes approximately 5 minutes;
- With this exchange account you have access to buy Bitcoin (BTC). You’ll also use this account to convert your Bitcoin to USD;
- Identity verification is standard as your exchange account must be securely established, similar to a bank account;
- Depending on the information requested by your exchange provider, identity verification times do vary, however this process commonly takes a matter of minutes;
- Your exchange provider will charge a small transaction fee, typically less than fees currently charged by your credit card.
- Fees may vary depending on the exchange you choose
CHOOSE YOUR EXCHANGE!
- Head over to CryptoVantage to find the most used Desktop and Mobile exchanges in the US.
THE ESSENTIALS:
- Government Issued photo ID* – for identify verification purposes.
- ○ Proof of address may be required if your ID does not indicate it
DON’T FORGET:
- A new web page will open to create your exchange account, so bookmark or save this guide for quick reference.
Step 3
BE IN THE KNOW:
- Depending on your exchange provider, you may be able to purchase up to $25,000 daily;
- Your exchange will show you how to buy Bitcoin, and once you’ve learned, it’s a snap the next time around. Check out your exchange’s Help or FAQ section for clear guidance.
THE ESSENTIALS:
- A debit card for the purchase of Bitcoin and transfer of funds.
DON’T FORGET:
- A new web page will open to buy Bitcoin using your exchange account, so bookmark or save this guide for quick reference;
- Your privacy and security matters. Should you be asked a reason for your purchase, do not mention Cafe Casino or online gaming.
- For instant purchase, we suggest using your debit card to buy Bitcoin. Other payments may take longer, sometimes days;
- Cafe Casino currently accepts Bitcoin (BTC) and Bitcoin Cash (BCH), however your Exchange may offer multiple cryptocurrencies. Be sure to buy the right coin for your deposit with us!
Step 4
BE IN THE KNOW:
- Confirmation of your transfer is typically a matter of minutes;
- A transaction fee for the transfer may be applied by your wallet. When prompted to accept, lowering the fee may result in a delay;
- Sending Bitcoin is demonstrated in the video above. The exchange depicted may be different from your own;
- You can make as many transfers of any value between your exchange and your wallet as you wish.
DON’T FORGET:
- You’re almost there! A new web page will open to transfer Bitcoin from your exchange to your wallet, so bookmark or save this guide for the LAST STEP;
- Your exchange may offer multiple cryptocurrencies. Review your transfer carefully to ensure you’re sending either Bitcoin (BTC) or Bitcoin Cash (BHC) for your deposit with us!
Step 5