What is Bitcoin?
Bitcoin is a form of digital currency that was created by a supposed software developer named Satoshi Nakamoto back in 2009. Bitcoin is an independent currency because there is no government that holds control over it, it is electronically transferable, and unlike other forms of transactions it is faster. We understand that some of our customers want to keep their identities private for safety reasons. With Bitcoin anonymity is your choice.
One of LimoPlay’s objectives is breaking the standards of online casino gaming, for us to accomplish that we need to keep up with the latest and greatest trends, and by using the power of Bitcoin, we know that we are one step closer in reaching that goal.
The Benefits of Using Bitcoin
Security and Privacy
The Beauty about Bitcoin is the security that it provides for its users. Advanced state of the art encryptions will protect your Bitcoin Transactions from unwanted breaches.
Minimal Transaction Fees
Your local bank may charge you more for making international transactions, but with Bitcoin the transaction charge (miner’s fee) is almost unnoticeable so you get to enjoy all of our games and bonuses without any extra charge! You can find more about our payment options here.
Speed and comfort is what makes Bitcoin a valuable ally in our casino because you can send money from anywhere, at any time, and it only takes a few seconds for it to get there!
Bitcoin isn’t controlled by any authority, so you won’t have any problems with bankers or any government finance agency tinkering with your account and winnings.
Easy Set-up One of the reasons why Bitcoin and LimoPlay make the perfect combination is that LimoPlay aims for comfort, and Bitcoin does the same because just like us, setting up an address only takes seconds, and it’s free of charge!
Start Playing with Bitcoin
Now that you know more about the advantages of using Bitcoin, let’s take a look at how to start playing with it. These simple steps will get you started in no time.
- 1. Get a Wallet
Just like with any other type of money you need a wallet. In the digital world they’re called web wallets but you could think of them as a type of bank account, web wallets are the most convenient and user friendly because they give you more control over your money. You can use a web wallet or download a wallet to your computer or alternatively download its app version on your mobile. There are plenty of web wallets to choose from such as Blockchain, Bitpay, Coinbase as well as downloadable wallets like Bitcoin Core, CoPay, Armory, and downloadable wallet apps like Airbitz and Breadwallet. If you’re new to using Bitcoin, web wallets such as Blockchain, and Coinbase will give you easier options.
2. Buying Bitcoin
After choosing your web wallet, you can now start buying Bitcoin. Nowadays, it’s easier to purchase Bitcoin because there are a lot of websites (exchanges) that will help you to buy it. Some websites offer purchase through credit card or you can buy from other people selling their Bitcoin, which is another advantage of using it. These peer-to-peers, buying and selling transactions are called exchanges.
3. Start Playing
Now that you have your Bitcoin and you have a clearer idea of what it is and what it can do for you, it’s time for you to hop in and start playing!