Cryptocurrency exchange Binance is preparing to leave its $40 million hack behind it, confirming it had relaunched most of its service May 15.
Binance Goes Live (Again)
Only around one week after hackers managed to circumvent security mechanisms in what CEO Changpeng Zhao said was a coordinated attack, Binance is finishing its last checks before going fully live.
According to the latest announcements from developers, trading and deposits will become available first, with withdrawals shortly afterwards.
“Binance has completed its system upgrade and we will resume all trading activity at 1:00 PM (UTC),” a statement reads.
From now until the commencement of trading, users will be able to cancel open orders, process deposits and use other account related functions. Please note that the withdrawal function will be available shortly after trading resumes.
Developers had frozen operations completely earlier on Wednesday in order to conduct the “system upgrade,” about which little is known.
Zhao had given a running commentary to Twitter followers throughout the process, similarly confirming the relaunch.
At press time, trading had resumed, Zhao reporting that remedial measures remained ongoing due to a spike in demand.
“Should be stabilized now,” he wrote in his latest tweet.
Binance further announced that users would receive promotional perks as a gesture of thanks for their patience and tolerance of system downtime in the wake of the attack.
Perhaps predictably, that outreach program will involve Binance’s much-promoted in-house token, Binance Coin (BNB), which itself jumped 7 percent following the announcement.
During the promotional period, which will run from the relaunch through May 18, any user trading more than 1 BTC worth of tokens will qualify to share in a jackpot of 50,000 BNB ($1.26 million).
For those holding one of Binance’s various ‘VIP’ status levels, the exchange will offer a free ‘promotion’ to the next level up for free until May 22.
As Bitcoinist reported, despite gaining some negative publicity over a brief plan to conduct a reorg of the Bitcoin blockchain, Zhao and Binance have appeared to succeed in quashing market fears over the robustness of one of its largest exchanges.
Smaller platform Cryptopia, which lost around $16 million in January, conspicuously fared a lot worse this week, with executives confirming they had appointed liquidators who would conduct an investigation likely to last at least several months.
Binance had covered its losses with its own insurance fund, Zhao admitting it was unlikely to recoup the original bitcoins lost.
What do you think about Binance’s relaunch? Let us know in the comments below!
Images via Shutterstock
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Up 55%: NEM (XEM) Defies Crypto Snooze as Week’s Biggest Gainer
By CCN: The crypto market took a breather from its bull run this week, with Bitcoin slightly departing from its recent year-to-date peak. However, NEM has been defying this mini-correction mood to gain over 55 percent since Monday, according to Coinmarketcap data.
Thus, NEM, whose coin is trading under the ticker XEM, has been the best performer of the week among the top 100 coins. On Thursday, it jumped about 50 percent in less than six hours, hitting a daily peak at $0.108, which is the highest level since November 2018.
The surge allowed it to enter the top 20 league and currently stop on the 19th position. NEM is now trading at $0.087 at a market cap of $791 million as at 11:00 AM UTC.
NEM Holders to Spend XEM via Apple Pay and Samsung Pay
On Thursday, NEM caught investors’ attention with a tweet that announced the collaboration with Zeux.
Great news on our latest collaboration with #NEM! You can now use #Zeux to pay with #XEM on your mobile. @NEMofficial @2017Lon @Inside_NEM @frankjzhou https://t.co/QeX99jcjWe#cryptocurrency #payments #fintech #paytech #startup #cashless #massadoption #blockchain
— Zeux (@ZeuxApp) May 16, 2019
The industry might be oversaturated with countless less relevant partnerships whose main purpose revolves around marketing. However, at this time, the news has some substance, as Zeux is a fintech firm that operates a digital payment wallet app that allows users to spend with merchants through Apple Pay and Samsung Pay.
The London-based company will fully integrate XEM on May 23.
NEM Foundation co-founder Jeff McDonald commented on the partnership, noting that the utilization of XEM as a payment option was a major step for the blockchain network.
However, this is not all, XEM price also benefits from the gradual launch of its version 2.0 blockchain engine, called Catapult, and the update of its website, which suggests a positive dynamic at NEM Foundation.
NEM’s Catapult Update is Catapulting XEM
NEM is making further steps towards adopting its blockchain engine update, referred to as Catapult. The new version will host several smart contract plugins and features that will eventually become an integral part of the NEM blockchain network. The new plugins touch upon bulletproof digital asset creation, advanced account systems, decentralized swaps, and business logic modeling.
What’s new in NEM version 2.0, also known as #Catapult?
Catapult is a full-featured #blockchain engine that powers both private and public networks with its unique smart contract plugins 🚀
— NEM (@NEMofficial) May 13, 2019
At the end of March, the team presented the roadmap and vision for Catapult. According to the roadmap, the public release of the update will take place after the end of the third quarter.
NEM Foundation admitted that it struggled financially at the start of 2019, but managed to reorganize and target a new path, also thanks to the developers and community. Now the teams behind NEM are heavily relying on Catapult.
The update and recent partnerships have helped NEM to forget the Coincheck hack, in which $530 worth of XEM had been stolen from the Japanese exchange platform.
Will the Rally Continue?
Right now, NEM’s bullish movement finds support in the positive sentiment in the crypto community. While it’s challenging to estimate the next stop for XEM from this position, we can assume that everything will depend on the implementation of the Catapult update and whether the market will perceive it as a relevant innovation.
On Tuesday, NEM introduced catapult feature updates on namespaces and mosaics, which are said to make the blockchain network more convenient and intuitive.
The first instalment of our #CatapultSeries is now live 🚀
— NEM (@NEMofficial) May 15, 2019
Earlier on Saturday, NEM presented the Catapult mobile wallet development roadmap, which reveals that the mobile wallet will be ready in about 23 weeks from now.
— NEM (@NEMofficial) May 18, 2019
To conclude, NEM price is currently tightly linked with how Catapult is adopted, with the community now trying to figure out whether NEM has the potential to become a major player again.
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Bitcoin Price Surges: BTC Breaks 8,100
Bitcoin’s price has continued to extend its recent rally to a price level beyond $8,000.
At 21:30 UTC today, the price world’s largest cryptocurrency rose as high as $8,195 on Coinbase, marking a 17.4 percent or $1214 increase during today’s trading session.
In the past 24 hours alone, Messari data reveals more than $27 billion worth of bitcoin was traded across exchanges, whereas $2,1 billion was traded solely on the 10 exchanges Bitwise Asset Management identified as the only exchanges reporting honest volume figures.
While vigorous, today’s development is not an anomaly. In fact, bitcoin’s price increases have been aggressive for much of 2019 and rose more than $1000 dollars once again just two days ago.
In the past 90-days alone the cryptocurrency has increased 127 percent in price, nearly 60 percent of which was accrued in the last 30 days alone, Messari data reveals.
The USD value of most cryptocurrencies are seeing notable increases as a result of bitcoin’s rebound, including the likes of Binance Coin (BNB) and Bitcoin Cash (BCH) both of whom are reporting double-digit 24-hour gains.
That said, bitcoin’s percent share of the capitalization of the total cryptocurrency market is now a 60 percent – its highest since Dec. 11, 2017 according to Coinmarketcap, and a sign its growth is outpacing the rest of the broader market.
Interestingly, a very similar and parabola shaped price increase like the one bitcoin has just witnessed occurred at the end of the previous bear market in 2015.
As can be seen below, bitcoin’s price trend entered a parabolic rise after reaching a low of $198 on Aug. 25, 2015 followed by a near 150 percent increase before temporarily topping out at $499 on Nov. 4th of that year.
Indeed, history seems to be repeating itself, or at least rhyming, as bitcoin’s market has once again entered a parabolic structure having increased nearly 150 percent from its most recent low of $3,128 set on Dec. 15, 2018.
Disclosure: The author holds several cryptocurrencies. Please see his author bio for more information.
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Flexa Co-Founder Semi-Teases Adding Litecoin to Crypto Payment App
By CCN: Most of crypto land celebrated when Flexa and Gemini partnered to deliver digital currency-fueled micro-payments to merchants. Spedn will let consumers shop at major stores including Nordstrom and Lowe’s and pay with crypto across bitcoin, ether, Bitcoin Cash, and Gemini Dollar. But one crypto influencer was left out of the celebration – Litecoin Creator Charlie Lee. That’s because Litecoin was noticeably absent from the list of coins that the Spedn app supports.
Lee tagged Flexa Co-Founder Trevor Filter in a tweet rallying followers to agree that the “app should let us pay with Litecoin at Whole Foods, Gamestop, and thousands of other merchants!” Filter retweeted the message with a mysterious response saying that “retweets don’t equal endorsements…or do they?” That left Crypto Twitter to speculate that the fifth-biggest cryptocurrency would be the next coin to make the list.
Retweets ≠ endorsements (…Or do they?) https://t.co/U71uKOEOSg
— Trevor Filter (@trev) May 16, 2019
Litecoin Is Basically Bitcoin Junior
Litecoin Vice President of Nationwide Merchant Solutions Jon Moore couldn’t agree more. He tweeted:
“The reason Litecoin should be added to Flexa is because #PayWithLitecoin is all about spending and supporting merchants that accept LTC!! It has nothing to do with tech, it’s about sound money, freedom, and supporting crypto adoption.”
Litecoin is meant to be a lot like bitcoin, only faster and eventually more private. The Litecoin team doesn’t seem to mind being the silver to bitcoin’s gold. The LTC price has nearly tripled year-to-date while bitcoin has only doubled.
— johnkimofficial.com ⚡️Chief LTC Evangelist (@johnkim77) May 16, 2019
A Whopping $90 Million Was Spent on Credit Card Processing Fees Last Year
If any app so far has the ability to usher in mainstream adoption of crypto, it’s Flexa’s Spedn. Not only do they make it easier for users to spend crypto as a currency but they slash fees for retailers that suffer from a huge pain point of credit card fees, costs that ultimately trickle down to shoppers. According to crypto exchange Gemini, which was founded by Cameron and Tyler Winklevoss:
“Retailers spent $90 billion on credit card processing fees in 2018. This was almost entirely passed onto customers.”
First real world real crypto purchase that was actually as easy as a credit card! pic.twitter.com/kaejvOKsYO
— Joey Krug (@joeykrug) May 13, 2019
Litecoin Is MIA
The way Spedn works is investors load BTC, ETH, BCH, GUSD (and maybe one day LTC) onto the app. Consumers continue to own the crypto in the app until they spend it. Not everyone is a fan of the fact that the funds are stored on the exchange.
The #Spedn app, built on open #Flexa network uses #crypto stored at #Gemini, therefore: not your keys – not your crypto. Additionally, Flexa collects personally identifiable information, as well as has the right to temporarily delay, hold, or return deposits. #ThisIsntCrypto
— Weiss Ratings (@WeissRatings) May 17, 2019
To spend, users must display a code that gets scanned at the point-of-sale, and the transaction is completed. Retailers don’t take on any volatility risk thanks to Gemini.
“They custody and insure all the funds that are deposited within the app,” stated Flexa Co-Founder and CEO Tyler Spalding in a Yahoo Finance interview.
Flexa and Gemini have done all the work and have the power to dramatically lower fees for merchants. But in order for crypto’s use case as a currency to increase, consumers must begin spending bitcoin, Bitcoin Cash, ether, and Gemini Dollar via the Spedn app in stores. And eventually perhaps Litecoin, too.
Retailers spent 90 billion on credit card processing fees in 2018. This was almost entirely passed on to customers. @FlexaHQ is “designed with merchants in mind, and users experience 0 volatility risk when transacting.” #CryptoNotCredit https://t.co/6RPo8UF7dO
— Gemini (@Gemini) May 16, 2019
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Ripple Potentially Sped Up its XRP Distribution Timeline by 21 Years: Crypto Researchers
By CCN: CoinMetrics, a firm that analyzes blockchain data for crypto investors, published a bombshell report this week which tells the story of how Ripple Labs has allegedly misrepresented its escrow system. Ripple has effectively misrepresented the amount of XRP transferred back to escrow at least twice. More importantly, the bank-friendly cryptocurrency’s escrow process diverges significantly from the way it was presented initially.
Ripple Escrow System: Not Working As Advertised
Ripple is supposed to take 1 billion XRP out of its fund every month, liquidate what it needs, and return the remainder to escrow. The recovered funds are supposed to go to the end of the escrow line, and 1 billion XRP should be available to Ripple every month. Over time, additional months will be added, as the company doesn’t use anywhere near that amount.
Trust, but verify. 10ks and 10qs will soon be supplemented by standard on chain audits. This is imminent. The ledger is the ground truth. https://t.co/qI2cYBftHm
— nic carter (@nic__carter) May 16, 2019
However, CoinMetrics found that Ripple moves the funds to an escrow contract designated for unlocking much earlier than you would expect.
“In February (month 1) they unlocked another 1 billion XRP and used 100 million of it. Instead of locking another 900 million XRP in month 56 (September 2022), the first month in which no escrow was scheduled to release, the remaining 900 million were escrowed in two different contracts: one of 100 million XRP expiring on month 55, putting the XRP escrowed for that month at 1 billion XRP, and another one of 800 million XRP expiring on month 56.”
“Of particular importance is that month 55 had already previously been designated as a month in which an escrow would be released. According to Ripple’s original description of the escrow mechanism, all of the unused funds in month 1 of the scheme should have been scheduled to release in month 56.”
This differing method of re-escrowing funds functionally accelerates the release of funds by as much as 21 years, depending on how many XRP Ripple liquidates each month.
How Long Will The Escrow Actually Last?
Changing crypto market tides could make that figure higher or lower. The XRP price has been relatively stable until the recent overall crypto bull run. We can expect that when prices are higher, Ripple will liquidate less. When prices are lower, they’ll have to liquidate more.
CCN spoke to Nic Carter, co-founder of CoinMetrics, who believes the misreporting aspect may be a simple accounting error. He points out that the misrepresentation is “not substantial,” saying:
“The error we found was fairly small in the grand scheme. It may have just been an accounting mistake.”
Ripple declined to comment to CoinMetrics about the report, although it was shared with them prior to its publication. CCN has also reached out for comment and will update this article upon receiving a reply.
The CoinMetrics team had to assess Ripple’s blockchain and the company’s escrow as part of adding XRP to its platform. It further finds that an unknown entity receives what amounts to a salary in XRP every month. The funds originated with Ripple and are locked into contracts expiring twice per month for several years. It notes that the majority of the funds find their way to Bitstamp, where they are presumably traded for other assets or fiat.
This is not the first time, nor is it likely to be the last, that researchers have called Ripple Labs’ holdings into question. Starting out with 55% of the tokens you issue will have that effect. XRP fanatics later threatened Ryan Selkis, one of the researchers who determined that Ripple’s market capitalization is vastly overstated.
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Bitcoin Casinos: The Future is Here. The old way of Playing Slots, Poker & Card Games & Betting on Sports is.. Well, “Old.”
One of the biggest and main markets that have benefited from the emergence of Bitcoin gambling has been online casinos. While these have existed for the better part of a decade and progressed along with many other online gambling and betting sites, Bitcoin has helped to make the online casino market even more accessible, while making depositing and withdrawing easier than ever.
Bitcoin casinos have brought brand new competition to the market, and offer distinct advantages over fiat-based online operators.
The Rise in Popularity of Bitcoin Slots
There is something about pushing a button and waiting for the reels to stop spinning and reveal one’s luck. Without further ado, let’s take a look at some of the most notable reasons why BTC slots are so popular among players.
The main reason why so many people enjoy Bitcoin slots is that it takes almost no skill in order to play it. All one has to do is to chip in and push the button, the rest is up to luck. Furthermore, it doesn’t take a lot of time to play a hand, which means that players can enjoy this game while on the run, in a bus, train, or a coffee break.
The online casino Betchain’s archive includes more than a thousand different games including a variety of 3D slots, Jackpot slots, Video slots, and of course the classic slot game. mBit, BitStarz and FortuneJack are 3 other Top Online Bitcoin Casinos that allow wagering in both Bitcoin & some of the smaller tokens.
All four of these Online Casinos have been independently tested for best odds, provable fairness (thanks to the blockchain) accessibility for both US & International Residents, security, anonymity as well as withdrawal speeds and timely (and accurate) payouts. These Online Casinos all have earned extremely high marks having been tested and reviewed by 3rd parties like TopOnlineCasinos.com & Bitcoin Gambling & Sports Betting.
Top Cryptocurrency News Site CryptoClarified named Top Online Bitcoin Casinos the #1 Independent Reviewer of Bitcoin Casinos for 2019. If they give a positive review of an Online Casino, you can rest assured they have been thoroughly checked out and bet with confidence.
With the recent surge in online betting with Bitcoin & cryptocurrencies due to the many benefits of betting online with cryptocurrencies over fiat (cash) along with the explosion in popularity of Online Casinos accepting Bitcoin, you’d be surprised (or perhaps you wouldn’t) that there are many Online Casinos that are nothing more than a front for fraud. At worst case some are set up to disappear with your money, and at best case, lack the security to protect your funds, or fail to pay out winners at best.
Yes you can play slots, Poker, Blackjack, Bitcoin dice, or bet on any sport imaginable in minutes with Bitcoin & Altcoins. No, you don’t have to give up your Driver’s License, social security number or even your full name.
The days of having to give up all of your personal information to a Vegas Casino in order to bet on your favorite sports are over. So are the days of waiting 2 weeks to receive a Cashier’s Check with your winnings.
Withdrawals are instant, usually taking around 12–24 hours for the Casino to approve, then around 15 minutes to hit your Bitcoin wallet. For a wallet on your phone or iPad, Bread Wallet is a popular choice. That’s what we use.
You can get the App in the iTunes App Store & in the Google PlayStore (for Android users.) You can purchase Bitcoin inside the App, or use a site like Coinbase or one of the cryptocurrency exchanges.
If you win big, and want Cash instead of cryptocurrency you can exchange your Bitcoin for your currency on an exchange or through Coinbase and transfer it directly to your bank.
The odds of winning are higher with BTC slots compared to Slots of the Past
When compared with other online casino games, Bitcoin slots have the highest payout percentage. Nevertheless, the rate of the payout percentage depends on which casino you decide to play in. Average return to player rate is somewhere between 82 and 98 percent of the funds that players wager in total.
Online Slot Game Progression From Atari to better than PS4
Online slots started out from humble beginnings. Initially crafted as a simple digitization of the world-famous 3 reeled fruit machine, these games have now been developed into epic adventures in picturesque 3D landscapes. From fantasy-themes through to pure science fiction, slots software has become a form of art and the games are more engaging than ever.
Old classics have been remade into new and exciting styles, whilst completely new formats have been realized in the shape of RPG-style slots, multiple paylines and “dual reels”. And now, casinos have allowed players to bet on these great new games with Bitcoin.
Bitcoin Casino Software
Nearly all the Bitcoin casino reviews that you’ll find online have licensed their games from casino software providers. Many casinos have also licensed their underlying banking infrastructure from companies such as PlayTech and SoftSwiss, however for the purposes of this article we are focused entirely on the games.
Software from the likes of Endorphina, BetSoft and NetEnt are amongst some of the most well renowned in the industry. These companies have changed the landscape of online slots by creating entirely new genres in the gaming industry. BetSoft pioneered the use of 3D graphics in their games and Endorphina has reflected cultural topics with the likes of “Twerk” and “Diamond Vapor”.
Typically, each of the Bitcoin software providers listed here have all built their games on similar mechanics; 3 and 5 reeled slots with bonus games, multipliers and — in some cases — jackpots.
This format continues to be the most popular, however those looking for alternative mechanics may want to look to developers such as Rabcat, the developers behind the famous RPG slot game “Castle Builder” and “Castle Builder 2”.
What Are The Best Bitcoin Casinos?
We have ranked and graded the best online Bitcoin casinos, allowing you to choose from tried and tested casinos. All of these sites have been tested by Top Online Casinos for user friendliness, ease of withdrawals and deposits and more, and all have proven themselves to be trustworthy.
What Games Do Bitcoin Casinos Offer?
Every game that you can find at a standard online fiat currency based casino can be found at a Bitcoin casino. While offers, bonuses and odds will all differ depending on the game provider, you can find the best of the best at a Bitcoin casino.
Blackjack, the most popular casino game in the world, is well represented amongst casinos that use Bitcoin, and a long list of other casino games such as Roulette, Craps, Three Card Poker, Baccarat and more can also be found. Las Vegas favorite Keno is also an option at many Bitcoin casinos as well.
Bitcoin Slots are a steadily growing market, meaning you are sure to find your favorite slots games at the Bitcoin casinos we recommend. Newer to the scene are 3D Slots, which can be a lot of fun.
Why use Bitcoin?
Slot developers are mostly “banking agnostic”, that is to say they do not care what payment methods are used to play their games. It is largely the casinos and the jurisdictions in which they operate which decides what banking methods are applicable.
For this reason, many existing slot casinos which subsequently adopted Bitcoin now have those same slots available to anyone playing with BTC. The slot game developers themselves did not have to actively accept Bitcoin as a currency, and therefore the rate of adoption of Bitcoin into these games has been rapid.
As a player, you should consider using Bitcoin to play online casino slots as it offers better anonymity, higher trust and more security.
5 Reasons Why Bitcoin is GREAT For Gambling
Since its inception in 2008, Bitcoin has risen to fame as one of the most important technologies of recent times. This digital asset has demonstrated that it holds real value, and that this value can be transmitted across the globe in a matter of minutes with minimal fees.
There is no central controller of Bitcoin, and no threat of confiscation. For this reason — and the 5 others discussed below — we believe that Bitcoin is the best currency to use when gambling online.
If you’re interested in using this cryptocurrency to place bets online, keep reading and we’ll explain all. If you’re unfamiliar with using Bitcoin then read this getting started guide before moving forward.
Why Bitcoin Casinos & Sports Betting Has Exploded in Popularity
1. Bitcoin is “off the grid”
Bitcoin is pseudonymous. Discovering an identity from transactions on the blockchain can be time consuming and often impossible. For this reason, Bitcoin has been adopted by many gamblers looking to bet online without restrictions. Gambling online with Bitcoin is no different (legally) than gambling online with dollars, rubles or euros. The only difference is that for fiat currencies, the player must have a bank account or PayPal account and therefore their transactions can be vetted/restricted.
With Bitcoin, these restrictions do not exist because each payment is “peer to peer” and is validated by thousands of amoral nodes in thousands of different locations. These nodes have a simple set of rules: if the transaction has the necessary balance and correct headers, then the payment can be sent. A node cannot and does not invalidate a transaction based on its purpose — gambling or otherwise.
2. Transparent payments
Bitcoin was the first cryptocurrency to make use of a new technology known as blockchain. The blockchain is a record of all transactions that have ever been made on the network. Bitcoin’s blockchain is public and verifiable by anyone with an internet connection, meaning that any transaction sent from address A to address B can be checked. In gambling, this transparency is critical, as it can be used as proof as to whether a transaction was sent or not.
If you made a withdrawal to a Bitcoin address that was never received, it would be trivial to demonstrate to the casino that the withdrawal was in fact never paid. This can also be used as evidence when making complaints at any of our Bitcoin casino reviews and helps to keep these gambling sites honest and fair.
3. Value of Bitcoin
Anyone who’s heard of Bitcoin will know that the price of this currency simply keeps rising. From a value of less than a dollar in 2008, the currency has risen many thousands of times over to reach a price of $4500 at the time of writing.
As a result, the interest in getting hold of Bitcoin has reached fever-pitch levels, and gambling has become a route for many to earn more of this highly sought after currency.
4. Provably fair options
Bitcoin gambling is vastly more transparent than fiat currency gambling as already discussed. But transparency goes beyond simple transactions. Many of the dice games that can be played with Bitcoin incorporate a “provably fair algorithm” that ensures that each roll of the dice or turn of the card is truly random.
5. Deposits and Payouts are much faster than going through a Vegas Casino or Online Sportsbook. This all can be done from the comfort of your home from your phone. You can literally be in the Casino or betting on Sports from your couch. If you win, you can have the money in your account the next day.
The old way of getting payouts from winnings, waiting 10 business days and then having to take a Cashier’s check into the bank.. that shits for the birds.
I’ve got my feet kicked up and a cold beverage at my side when I’m playing at the Casino and betting on my team.
Nitrogen Sports is a favorite for Sports Wagering.
These reasons have hopefully provided you with a compelling case for gambling online with Bitcoin.
We truly believe there is no better way to play!
No Registration — Deposit & Play Instantly!
How can a Bitcoin casino be “no registration”?
In the traditional casino market, payments are processed through banks that often have strict controls on gambling transactions. These controls make it difficult for a player to deposit at a casino without filling out lengthy registration forms and — in some cases — submitting proof of address and ID. Bitcoin side-steps these forms because all transactions are “peer to peer” with no central authority. In this way, a Bitcoin casino can simply register a player’s account on arrival at their website, providing them with a Bitcoin deposit address to allow them to get started immediately.
How does instant registration work?
Instant registration generates a random username for your player account the moment you arrive at the website. Your login is then generated either as a browser cookie or through the use of a unique URL which can be used to gain access to your wallet. Some instant registration casinos will require that you create a username, but nothing more.
Of course, for security purposes it is advisable to attach a password to your account. Whilst email is optional, submitting an email address when signing up to one of these Bitcoin casinos will ensure that your account can be recovered should you lose access. Instant registration makes the casino experience seamless, and thanks to Bitcoin, this option is becoming more widely available than ever before.
Is Bitcoin gambling truly anonymous?
No registration Bitcoin casinos are often used by players looking to side-step local regulation. Of course, players must do this at their own risk, and they must also be aware that Bitcoin is not — as so many claim — all that anonymous.
The reason for this is that all Bitcoin transactions are stored publicly on the blockchain. Whilst transactions do not record any personal information, if enough transactions are made to particular addresses, it is possible that some identifiable information about the user becomes available. This risk is low, and can be largely mitigated through the use of a new Bitcoin address for all deposits and withdrawals.
Compared to fiat currency, Bitcoin is far more anonymous. However, those looking for complete anonymity should consider a cryptocurrency like Monero.
THE BEST ONLINE BITCOIN/ALTCOIN CASINOS 2019
Coming in at #1 again, BetChain is an impressive casino and one of the pioneers in the Bitcoin scene. Since it was established, the casino has focused strongly on servicing the Bitcoin community. Only lately the casino has opened up its doors to traditional currencies, but its identity remains strongly defined by Bitcoin. Betchain is also re-launching its whole VIP program and refining its customer service further to offer an unprecedented gaming experience to all its clients
BetChain’s focus on service, coupled with unique bonus offers, makes it one of the most successful Bitcoin casinos. BetChain caters to customers hailing from different regions of the world. That means that apart from English, its page is also available in German, Spanish, Russian, Italian, Portuguese, Turkish, Greek, Dutch and Swedish. BetChain also offers live chat, 24 hour customer support, and lightning quick withdrawals.
Provably Fair: BetChain emphasizes provably fairness, allowing gamers (and the casino) to verify all bet outcomes to ensure they were correct and fair.
- Safe and Secure: BetChain claims to use the latest in encryption and secure servers to ensure that customers’ money is always safe.
- 24/7 Support: Contact BetChain anytime, day or night, at firstname.lastname@example.org or through the BetChain support form.
mBit is another major U.S. friendly bitcoin casino brand that have earned a stellar reputation for quality software and great customer service since they were founded in 2014 . They are based in Curacao and are fully regulated by the gaming commission there.
- All the games at mBit were independently tested and verified for fairness by RNG.
- mBit is now home to over 1,000 different games and new ones are added weekly.
- Live dealer blackjack, sede, baccarat, roulette and more available for BTC or Euro.
- Deposit instantly and for free. Sign-up takes seconds and only requires an email.
- mBit Casino is fully functional on any Android, iPad, iPhone or Windows Phone.
- United States of America players are welcome. Site in both English and Russian.
- mBit have an exceptional VIP program and a 110% 1st deposit bonus to 1 BTC .
Bitstarz One of the most popular Bitcoin casinos out. The casino is provably fair and regulated by the Curacao government. It offers around 1,000 high quality games, however it does not offer a sportsbook feature (where you can bet on popular sporting events). Bitstarz also accepts multiple currencies and isn’t limited only to cryptos.
Deposits can be made via Mastercard, Skrill, Neteller, Bitcoin, Litecoin, Bitcoin Cash and various other methods making it highly accessible to worldwide users, even those who don’t own Bitcoin. Support is available through social media, online chat and email. It’s also probably the most appealing casino out there in terms of design.
What really caught our eye about Bitstarz is the fact that they respond to user complaints even via Reddit, which shows they care about their customer experience and are willing to step up when needed.
TOP SPORTS BETTING SITES 2019
Deposit Bitcoin/Altcoins & Withdraw Cash. Quick withdrawals, no hassle trustworthy gambling sites to bet on your favorite sports.
Bitcoin bookmakers are revolutionizing the world of sports betting. Many of the bitcoin sportsbooks featured on this website allow you to create anonymous accounts and wager from any part of the United States.
Thanks to bitcoin, these sportsbooks can process your deposits and withdrawals instantly, so you no longer need to wait weeks for a payout. Banking is also completely free, which means you’ll have more money in your player account. Bitcoin sports betting sites allow you to wager on every major league in the USA, UK, Europe, Australia and Asia, including the NFL, NBA, AFL and the English Premier League
Nitrogen Sports bitcoin-only sports book & casino: no sign-up required, monthly parlay promotions and 80BTC maximum bet. In addition to sports, you can play table games like blackjack and poker. The bitcoin website also offers a dice game.
Nitrogen Sports are our favorite “bitcoin only” sportsbook. Since opening their doors back in 2012, they’ve quickly established themselves as the leading bitcoin sports betting site. They are headquartered in Costa Rica and owned by IdealMedia.com
- Easily the biggest, most established and trusted bitcoin bookmaker.
- 100% anonymous. Nitrogen do not even ask you to provide an email address.
- Live in-play betting available for major leagues like NFL, EPL, NBA and NHL.
- The minimum bet limit is 0.001 BTC and the maximum bet limit is 30 BTC+.
- Deposits are credited with zero confirmations and withdrawals process in hours.
- The Nitrogen Sports web-app works well on iPhone, Android and Windows Phone.
- 2-Factor Authentication available. Support provided via live chat or ticket system.
- Nitrogen Sports do NOT offer a deposit bonus but do they run some fun promos.
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