Gambling has been around for centuries, and with the invention of Bitcoin, it’s never been easier to gamble, now that you have an idea of what Bitcoin is and how it works, you might want to know where to gamble with Bitcoin.
One of the most popular ways to gamble is by playing bitcoin dice games, so, if you too are interested in gambling on bitcoin dice, here’s everything you need to know about it.
What is Bitcoin?
Bitcoin is a decentralized digital currency with peer-to-peer transactions, it’s not regulated by any government and is completely anonymous, which means there are no records of who owns what.
This also means your Bitcoin balance can never be seized or frozen by the government, unlike fiat currency, it is not printed as paper notes or minted into coins, instead, it exists solely as a series of digital data on a computer, so nobody will ever know that you have it.
How does Bitcoin work?
Bitcoin is a cryptocurrency, meaning that it’s a digital currency that uses cryptography as its security measure, it is decentralized, which means there are no servers or third parties involved in the transactions.
In order to receive Bitcoin, you need to have its wallet, which will be given to you after registering on an online gambling site, depending on what type of game you want to play, you might also need to register a bitcoin wallet for a specific game and once registered and logged in, you can deposit into your account and start playing.
The dice game explained
It is a popular gambling game that involves rolling a number of dice until you get the desired amount, the object of the game is to roll two 5’s, three 4’s, four 3’s, or five 2’s before rolling a 1.
For example, 5-4-3-2-1 would be 2 coins won, 4-3-2-1 would be 0 coins won, and so on, it might sound complicated at first but it really isn’t very difficult once you understand the basics.
Why gamble on bitcoin dice?
The most popular reason is that it’s a fast and easy way to gamble without dealing with the complicated process of setting up accounts and making deposits like you do with other gambling sites.
Additionally, bitcoin dice offers one of the best odds compared to other online gambling sites, this is much lower than Bitcoin dice which offers players around a 1 in 12 chance of winning.
Furthermore, it offers no transaction fees when depositing or withdrawing funds from your account it’s free to play.
Last but not least, it is accessible anywhere you have an internet connection, whether you want to play on your phone while waiting for your laundry to dry or want to sit down at home and play on your laptop, Bitcoin dice can be played just about anywhere.
