Bitcoin is a cryptocurrency that is primarily designed to work as a medium of exchange that uses cryptography to record transactions and secure monetary transactions, personal transactions, and other investments. While the value of most cryptocurrencies has gone up and down in recent months, one cryptocurrency — called “Bitcoin Dice” — has become a popular way for users to gamble online. If you’re new to crypto gambling, read on to learn more about bitcoin dice gambling and find a site that suits you.
What Is Bitcoin Dice Gambling?
Bitcoin dice gambling is a simplified version of a popular game in casinos, called “craps.” At the craps table, players can bet on various numbers or roll the dice themselves. It’s a little like playing roulette: you place your bet and hope it lands on the right number. The more people who are playing, the higher the chance of winning (because there are more possible outcomes).
What makes bitcoin dice sites different from traditional casino sites is that they allow users to play without actually risking any money. With this kind of gambling, all of your bets are made with fake currency set up by the site. When you start, you’ll be given a certain amount of coins to use for betting — for example, 100000 coins.
You can then place bets with these coins and see what happens. If you win, then when you cash out, you will be given real bitcoins equal to what your bets would have been worth in real currency if they were made for real money. The same thing goes for losing: if you lose your entire balance at one site, then that amount will also be converted into bitcoins (again at market value).
How Does Bitcoin Dice Gambling Work?
When you visit a site, you will see the opportunity to place a bet on a number or series of numbers. You’ll put your money on the table, and then roll the dice. The site will then tell you if you’ve won or lost.
One of the benefits of gambling online using this dice game is that it’s anonymous. This means that no one can know who you are unless you share that information with them.
That anonymity is helpful for people who want to gamble on their own time without worrying about anyone finding out what they’re doing. Bitcoin dice sites are fun and easy to use, so they are popular among gamblers of all types — from those who like taking risks, to those who prefer playing it safe when they gamble online.
How to Play Bitcoin Dice Gambling
There are many sites out there; however, not all of them will be available in your country or region. It’s important that you get familiar with the terms and conditions of any site before you access it for the first time because some sites require that players are at least 18 years old and have an understanding of English. Keep in mind these factors when looking for a site:
- Whether they require ID verification.
- Whether they accept your currency.
- The size of the house edge. (the smaller the better!)
- The payout percentage. (the higher the better!)